The EU’s digital strategy

News

The EU’s digital strategy

20 February 2020

Regulatory News Alert

Context and objectives

On 19 February 2020, the EU Commission published its new EU digital strategy. It represents the first series of proposals to boost Europe’s digital transformation.

This strategic package must at the same time create new perspectives for European businesses, develop reliable technology for a democratic society, and contribute to the fight against climate change. The objective of the European Commission is to use the opportunity of digitalization as a key enabler to fighting climate change and achieving the green transition.

The proposed strategy covers diverse areas such as cybersecurity, digital training, critical infrastructure, democracy, and finance.

Over the next five years, the Commission will focus on three key objectives in digital:

  • Technology that works for people
  • A fair and competitive economy
  • An open, democratic and sustainable society.

New policies and frameworks will enable Europe to deploy cutting-edge digital technologies and strengthen its cybersecurity capacities.

The Commission also presented a whitepaper on Artificial Intelligence (AI). The goal of this paper is to accelerate deployment of AI and to reduce the risk of AI applications by envisaging a labelling scheme.

PDF - 179kb

Next steps

Later this year, the Commission will present further measures, such as a Digital Services Act to establish clear rules for all businesses to access the Single Market, to strengthen the responsibility of online platforms, and to protect fundamental rights.

It will also propose a review of the eIDAS regulation, allowing for a secure electronic identity that puts people in control of the data they share online. Furthermore, the EU will put a strong emphasis on cybersecurity by promoting cooperation through a Joint Cyber Unit that protects critical European infrastructure and strengthens the cybersecurity single market. 

Finally, Europe will continue to build alliances with global partners, leveraging its regulatory power, capacity building, diplomacy, and finance to promote the European digitalization model internationally.

The Commission intends to present a final project of its strategy by the end of the year once it has received the reactions of the various players concerned by its first proposals.

 

How can Deloitte help?

Our Analytics & Cognitive team can help the EU imagine a future that is very different from the past. We can work alongside the EU to implement data and cognitive-enabled solutions, as global interdisciplinary teams help to turn unstructured data liabilities into structured data assets—and unlock their value. We can help to deliver value throughout the transformation journey, and to implement the capabilities needed to realize the EU and Member States’ ambition. And above all, we can assist you in building the AI mindset. Algorithms and data are the platform—but it is the mindset that determines success.

Deloitte’s advisory specialists and dedicated services will help you design and implement your business strategy in light of future evolutions of the regulatory framework and market trends. In the context of the digital age, Deloitte will help your institution to better embrace AI and prepare for the future.

Deloitte’s digital services help you advance customer and design-centric thinking throughout your organization, from strategy through to execution.

Deloitte’s RegWatch Kaleidoscope service helps you to stay ahead of the regulatory curve and to better manage and plan for upcoming regulations.

Contacts

Subject matter specialists

Patrick Laurent
Partner – Technology & Innovation Leader
Tel : +352 45145 4170
palaurent@deloitte.lu

Stéphane Hurtaud
Partner – Risk Advisory
Tel : +352 45145 4434
shurtaud@deloitte.lu

François-Kim Hugé
Partner – Fund Registrations Services
Tel : +352 45145 2483
fkhuge@deloitte.lu

Pascal Martino
Partner – Banking Leader
Tel : +352 45145 2119
pamartino@deloitte.lu

Laurent Collet
Partner – Strategy, Regulatory &
Corporate Finance
Tel : +352 45145 2112
lacollet@deloitte.lu

Jean-Pierre Maissin
Partner – EMEA FSI Analytics Leader
Tel : +352 45145 2834
jpmaissin@deloitte.lu

Nicolas Griedlich
Director – Technology & Enterprise Application
Tel : +352 45145 4052
ngriedlich@deloitte.lu

Marc Sniukas
Director – Consulting Center
Tel : +352 45145 3546
msniukas@deloitte.lu


Regulatory Watch Kaleidoscope service

Simon Ramos
Partner – IM Advisory & Consulting
Leader
Tel : +352 45145 2702
siramos@deloitte.lu

Jean-Philippe Peters
Partner – Risk Advisory
Tel : +352 45145 2276
jppeters@deloitte.lu

Benoit Sauvage
Director – RegWatch, Strategy & Consulting
Tel : +352 45145 4220
bsauvage@deloitte.lu

Marijana Vuksic
Manager – Regulatory & Consulting
Tel : +352 45145 2311
mvuksic@deloitte.lu

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