Europe can win global battle for industrial data, says EU industry chief

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Europe can win global battle for industrial data, says EU industry chief

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PARIS (Reuters) – Europe may have lost the battle to create digital champions capable of taking on U.S. and Chinese companies harvesting personal data, but it can win the war of industrial data, Europe’s industry policy chief said on Saturday.
FILE PHOTO: European Commissioner for the Internal Market Thierry Breton gestures as he communicates on the EU’s 5G plan in Brussels, Belgium January 29, 2020.
Vast troves of data from how fast we drive our cars to how much time a robot needs to churn out products will open a new front in the battle for digital dominance, said Thierry Breton, the European Commissioner in charge of the bloc’s single market.
The new approach will be on display on Wednesday when Breton unveils the bloc’s new data and artificial intelligence strategy.
The battle for industrial data starts now, and the main battlefield will be Europe,” Breton, a former French finance minister, told Reuters in an interview.
Breton said the EU had a unique opportunity to win the next phase of the digital revolution centered on the harvesting, management and analysis of data from factories, transport, energy and healthcare.
China has added-value handicaps it is correcting,” Breton said.
“But the bulk of the industrial value chain, from large groups to SMEs, is based in Europe today.
The commissioner, who was speaking from the Munich security conference where he met the chief executive of Microsoft before meeting Facebook founder Mark Zuckerberg in Brussels on Monday, is keen for Europe to take a more assertive approach.
“In this sector, tomorrow’s winners won’t necessarily be today’s winners,” he said, adding that the big cloud platforms that exist today will probably be replaced by more decentralized and secure “mini-clouds”.
A former CEO of French IT giant Atos and telecoms group Orange, Breton said the European Commission would unveil a three-pronged approach on Wednesday, consisting of tighter regulations, infrastructure investment and sector-specific strategies

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