What is at stake?
The European Digital Single Market must be driven forward with ambition. In particular, digital business models depend on a large market due to network effects. With more than 500 million inhabitants, Europe reaches a market size which can more than keep up with Asia and the U.S. A functioning Digital Single Market can lead to additional gross value creation of € 1.25 trillion for European industry over the next ten years.
Priorities of German Business
Europe needs a strong Digital Single Market, from which particularly digital business models can benefit. Policy-makers must now set the course for a digital industrial strategy for Europe.
Modern broadband networks are the basis for innovative digital services. Rollout across the continent must be driven forward with ambition. The regulatory framework must give investment incentives. The European Commission’s investment plan can provide important support in this regard.
Trust in data protection and IT security is essential for the success of connected business models. A high level of IT security and constant further development of data protection legislation are therefore crucial. This is also confirmed by the report commissioned by BDI from Noerr LLP on legislative challenges in the digitalised economy.
International norms and global standards should be driven forward. For a seamless information flow in an “Internet of everything”, interoperability and integration of technologies are central.
With the digitisation of the economy, a new flexible working world will also emerge. Education, vocational and job-related training will have to adjust to changed requirements and in particular promote IT skills.