Prospective Insights on R&D in ICT
The Digital Economy and Society is one of the priorities of the European Commission to ensure growth and lasting recovery from the current economic crisis. Today, to compete on a global scale, Europe has to continuously reinforce a solid knowledge base in Information and Communication Technologies (ICT), shape ICT developments and make the best use of ICT innovations at the earliest stage.
This is the purpose of the Commission's "Digital Agenda for Europe", one of the seven Flagship Initiatives under the Europe 2020 strategy adopted in June 2010, and which proposes seven key areas to harness the true potential of ICTs for the benefit of Europe's citizens, businesses and the economy as a whole. In particular, it intends to boost cutting-edge research and innovation in ICT and calls for doubling annual total public and private spending on ICT R&D by 2020 (the European Commission released on 28tht May 2014 the Digital Agenda Scoreboard that gives data and analysis of progress so far with its implementation).
ICTs are a central building block of the European Digital Economy. ICTs contribute to more than 40% of overall productivity growth. The sector represents 4% of European GDP and even more if the value added of ICTs in other sectors is also accounted for. ICTs are also essential to address Europe's societal challenges. The importance of ICTs is reflected in R&D budgets worldwide, where they typically represent close to 30% of the total. This also shows that we are still at the early stages of the ICT deployment phase. ICTs provide essential infrastructures and tools for knowledge creation, sharing and diffusion, and boost the innovation capacity of all sectors of the economy.
Contact - Giuditta de Prato