EU General Data Protection Regulation – Why it Matters
Compliance with IT security and data privacy regulation is of growing concern to most European organizations. Businesses large and small are scrambling to assess their General Data Protection Regulation (GDPR) readiness, with less than a year to go until its implementation on 25 May, 2018.
Source: Digital Lifescapes
Legacy European Regulations Inhibit their Tech Economy
The U.S. tech companies under fire in Europe argue that the EU’s regulatory framework actually works against the creation of international digital champions by forcing them to comply with Byzantine rules and regulations across each of the 28 member states.
European Commission shares Digital Agenda Scoreboard
In the last two years, there’s been 20 million more subscriptions to high-speed Internet access in the EU. These fast wireline broadband subscriptions remain fewer than one-third of the total, but 4G mobile broadband is available to 79% of households — that’s up from 27%.
The Business Case for Europe’s Single Digital Marketplace
“European Companies need digitally competent workers and customers. Public administrations need digitally competent citizens. It is only when everybody can handle the digital invoice that the paper-based invoice can be abolished.”
How the U.S. will Benefit from Europe’s Digital Single Market
Setting aside the hurdles of the Digital Single Market outlined in the EU agenda, the largest real challenge is that 54% of e-commerce traffic in Europe is with services based in the U.S. — whereas only 4% of traffic in one EU country is for a service in another EU country.
Digital Single Market for Europe – the Sixteen Strategic Initiatives
The aim of the Digital Single Market is to tear down regulatory walls and finally move from 28 national markets to a single one. A fully functional Digital Single Market could contribute €415 billion per year to the EU economy and create hundreds of thousands of new jobs.
EU Lacks Funding for Digital Research and Development
While Sweden may be a global leader in R&D investment, the EU as a whole is still lagging behind Japan and the United States. New data shows that 6.6% of the total R&D government support is invested in ICT in the EU, compared to 9.1% in Japan and 7.9% in the U.S. market.
More efforts are necessary to reach the EU goal of €11 billion of annual total public spending on ICT R&D by 2020.
EU Launches 5G Mobile Program with €4.2B Research Fund
A joint 5G research and innovation program created by the European Commission and the private sector has upped its investment budget to a combined €4.2 billion.
The 5G PPP was launched last December as part of a €6.2 billion EU research program called “Horizon 2020,” with €700 million committed.
By the Numbers – European App Economy Upside Opportunity
Our study “Sizing the EU app economy” looked into the benefit of apps and discovered that this economy creates a total 1.8 million jobs in the EU, with revenues of €17.5 billion from EU-developed apps.
And growing fast: the prediction is that a job market will grow to nearly 5 million by 2018, and revenues to €63 billion.
Estimates Confirm the Recovery of Gross Expenditures on R&D
The latest OECD estimates of research & development (R&D) expenditure growth show that China has edged ahead of the European Union for the first time in terms of investment in R&D. China invested 1.98% of its GDP in R&D in 2012, compared to 1.97% for the European Union.
The data also shows that South Korea ranks first among OECD countries in terms of R&D spending to GDP — a position long held by Israel.
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