Digital Economy News

The European struggle with COVID-19 contact tracing apps continues

Willem Jonker, CEO of EIT Digital, spoke to Innovation News Network’s Georgina Ryan about digital transformation during the pandemic, Europe’s struggle with COVID-19 contact tracing apps and adopting physical tokens as a simple and secure alternative to current tracing methods.

New original blockchain technology helps traders make use of surplus renewable electricity

Researchers has collaborated with Mitsubishi, to optimise the P2P trading of surplus renewable electricity.

Poland’s share of EU post-pandemic recovery funds to prioritise sustainability and digital economy

Poland has announced that it will spend 30% of its EU post-pandemic recovery funds on the Green Deal and 25% on the digital economy.

Innovation in the construction industry

The Construction Scotland Innovation Centre is driving transformational change across the construction industry

Water Europe on achieving a water-smart society

Durk Krol of Water Europe discusses the barriers to achieving a water-smart society and how Water Europe is developing the solutions.

European Commission supports political agreement on €7.5bn Digital Europe Programme

The European Commission has embraced the political agreement on the first EU programme that aims to accelerate the Digital Europe Programme.

Establishing a competitive and sovereign digital Europe

EIT Digital welcomes the European Commission’s latest digital initiatives, saying it is the next step in creating a innovative and competitive digital Europe. 

EIT Digital – focusing on the future of Artificial Intelligence

EIT Digital CEO, Willem Jonker, spoke to Clifford Holt, International Editor at The Innovation Platform, about the issues of...

EIT Digital: Celebrating ten years of building a strong digital Europe

Ahead of EIT Digital’s ten-year anniversary, Innovation News Network’s international editor, Clifford Holt, speaks with the organisation’s CEO, Willem Jonker, about how they are...

European Research Area to further climate neutrality and digital leadership

The European Commission has announced its new European Research Area which will support the Union’s transition towards climate neutrality and digital leadership whilst strengthening...

European Commission launch a €1bn call for green research projects

The European Commission has launched a €1bn call for research projects that respond to issues caused by the current climate crisis. The Commission is...

How Europe can achieve digital sovereignty

CEO of EIT Digital, Willem Jonker, spoke to Innovation News Network about a recent policy perspective report which has outlined how Europe can achieve...

Digital Economy

Digital economy refers to an economy that is based on digital computing technologies, although we increasingly perceive this as conducting business through markets based on the internet and the World Wide Web.

It is essentially the economic activity that results from billions of everyday online connections among people, businesses, devices, data, and processes.

The backbone of the digital economy is hyper connectivity which means growing interconnectedness of people, organisations, and machines that results from the Internet, mobile technology and the internet of things (IoT).

The digital economy is taking shape and undermining conventional notions about how businesses are structured, how firms interact, and how consumers obtain services, information, and goods.