Europe needs a Digital Revolution to ensure strong and steady economic growth.
This is why ETNO asked the Boston Consulting Group to study how policy reforms can help achieve this objective.
Their study shows that the internet economy will grow 13 times faster than the economy as a whole in Europe if it is underpinned by powerful digital networks for all, across the whole continent.
This means that connectivity is the main pillar for growth in Europe and that the digitalisation of the EU economy represents a huge growth opportunity that cannot – and must not be missed.
Massive investment in superfast broadband deployment is essential for this to happen.Despite the fact that European telecom operators are investing heavily, Boston Consulting Group estimates that an investment gap of 106 billion euros will persist unless action is taken to fundamentally reform current regulation.
For this to happen, we believe that the Telecoms rules should become market-based and technology-agnostic and should be streamlined towards fostering investment in networks.
Also, it is vital that consistent and fair rules be applied when it comes to protecting users’ data. In today’s modern society users are increasingly choosing between services that operate under different regulatory regimes – sending a message via whatsapp or SMS for example. We need to adapt the rules so that they are applied consistently across the digital value chain and that they stimulate more innovationWe at ETNO support the European Commission in its review of the Telecom Framework and encourage a swift and broad re-think of the policy and regulatory tools that exist today.We are living in exciting times in which more and more is possible thanks to digital networks. Everything will change – from cars to health to the way we communicate. Rules and regulation must keep up with the changes and reflect the amazing opportunity of the digital society.
For more on EU policy, visit the ETNO website: www.etno.eu
For opinions from thought leaders in the sector: www.think-digital.eu