The European economy needs a productivity boost from innovation
and diffusion of digital and new frontier technologies to support growth 4
While Europe still has considerable strengths, it is falling behind
in adopting and investing in general and digital innovation 6
The rise of global platforms and “superstars” drives the need
to change the rules of the game 10
1. Europe can draw on its industrial strength to benefit from its scale
and the diffusion of technologies across supply chains 15
2. Europe can rethink data and user access and standards to level
the playing field, protect citizens’ data, and connect data pools 18
3. Europe can use its substantial public-sector procurement scale
to propel innovation of digital goods and services 19
4. Europe can try to compensate for fragmentation with openness
and connectedness, including by altering high-skill immigration flows
and connecting local ecosystems 20
5. Europe can leverage the scale of global firms to its benefit 22
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