A new economic paradigm is emerging that is going to dramatically change the way we organize economic life on the planet. The European Union is embarking on a bold new course to create a high-tech 21st century smart green digital economy, making Europe potentially the most productive commercial space in the world and the most ecologically sustainable society on Earth. The plan is called Digital Europe. The EU vision of a green digital economy is now being embraced by China and other developing nations around the world.
In this expanded digital economy, private enterprises connected to the Internet of Things can use Big Data and analytics to develop algorithms that speed efficiency, increase productivity and dramatically lower the marginal cost of producing and distributing goods and services, making European businesses more competitive in an emerging post-carbon global marketplace