ABSTRACT
Industry is one of the pillars of the European economy – the manufacturing sector in the European Union accounts for 2 million enterprises, 33 million jobs and 60% of productivity growth. The new industrial revolution is driven by new-generation information technologies such as the Internet of Things (IoT), cloud computing, big data and data analytics, robotics and 3D printing. These technologies open new horizons for industry to become more adventurous, more efficient, to improve processes and to develop innovative products and services. Recent studies estimate that digitisation of products and services can add more than €110 billions of annual revenues in Europe in the next five years. In this context, Digitizing European Industry (DEI) initiative aims to establish, together with all Member States, and industry and other stakeholders, and building upon existing multi-stakeholder dialogues, a framework for facilitating coordination and cooperation of European, national and regional initiatives on digitising European industry, as well as to mobilise stakeholders across the value chains.
