The 4th industrial revolution is unfolding worldwide, opening up new horizons driven by new-generation digital technologies. This change of paradigm has a profound impact in our economy and society, transforming products, processes and business models in every industry from construction, health and agri-food to the tourism and audiovisual sector.
Europe can tremendously benefit from this revolution, as digitalisation of products and services can add more than €110 billion of annual revenue for our industry until 2020.
To embrace these opportunities, the European Commission presented the Digitising European Industry initiative in April 2016. The aim is to ensure that every business in Europe - whichever the sector, wherever the location, whatever the size - can draw the full benefits from digital innovations.
Just two years after its adoption, the DEI initiative is already delivering along the key action lines proposed:
- Member States are joining forces in a common European platform, co-investing into further development of digital innovations and reinforcing EU competitiveness.
- EU investments in Public-Private Partnerships for Research and Innovation are contributing to build key digital technologies and their integration in future digital industrial platforms.
- The EU is supporting a network of Digital Innovation Hubs covering all regions to help companies –especially SMEs– make the most of digital opportunities.
- When necessary, EU regulations are being reviewed to make them fit for the digital age.
- Several EU actions are supporting the development of digital skills to ensure all Europeans count with the necessary skills to live and work in an increasingly digital society.
The Digitising European Industry brochure offers more details on the progress made and the need to keep working together for the digital future of EU industry.