#EIFAsks on the impact of Internet of Things on European industries

#EIFAsks on the impact of Internet of Things on European industries


– Europe’s industrial
sector has the potential to be a front runner in the data economy, because this communication,
machine to machine, open a completely new and explosive and extremely important
in quality and quantity, source for data. – Well the European
Union has the ambition to be the leading region,
economically and socially for the development of internet
of things across the world And to do that we have
a series of policies to push us in that direction. First of all we need
to be a single market, so on standards and equipment
for the market itself we need to have these products
in a plug and play mode for industry and for users. Secondly, we have to
have a thriving ecosystem so we need to develop, through
research and innovation, the work of industry in Europe
to develop these products, to work with others and
whole platforms that have internet of things as its core, for example in 5G. And the third thing that we need to do, and this is where Europe
really has its role, is to make it an internet of humans so that we actually ensure that
there is privacy by design, so that from the outset we have
data protection and security in everything that we do with
regard to internet of things. And that will give us our ambition that will lead us to be at the
core of internet of things. – EU policy has and
important role to play within the adoption digitalization
and manufacturing across the industry
because a number of our manufacturers are in fact
themselves global entities or multinational entities and
anything that standardizes and gives us the opportunity
to replicate best practice, to accelerate adoption of the industry, has got to be a good thing. – There is no way to say at the moment what we should or could not regulate. The reason is relatively simple, we are joining and working
together in the industry but we don’t do this at the moment in a global way. So we are happy if industry is starting and if there is of course one way to regulate, for example
security, industrial security, this is a more global approach. This is not a question in Europe alone so from this point of view
we have to think global.

Danny Hutson

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