Last week the European Commission released its hotly-anticipated (yes, really!) strategy to create a digital single market throughout Europe for digital products, in which they stress the need to remove unnecessary barriers and thus enable faster economic growth.

Digital is Important to EU

From the strategy you can see how much the European Commission values the digital sector - in particular IoT, big data and cloud computing.

Cisco commented on this in a statement, writing: “Getting the digital single market strategy right is therefore not about getting it right for the ICT sector, it is about getting it right for the entire economy.”

In order to meet the massive demand for Internet of Things devices in the future, the European Commission should retain a sense of balance. We hope they won’t be overzealous with regulation, which can deter emerging tech companies from making their mark and benefiting from the opportunities available.

Startups Drive Innovation

The European Commission says innovation is key to Europe’s growth - or to put it another way, startups matter. According to tech.eu, over 60% of the economic growth over the past decade has been down to innovation, and in particular, young, technology-driven companies.

It may be ambitious, but the strategy is key to Europe’s interests and would vastly improve productivity and growth for every business which depends on the Internet - which is to say, all of us.

Photo courtesy of thecommentator.com.