A European industrial data economy (Position Paper)

The electrical industry’s requirements for Common European Data Spaces

Networked products and new storage options enable companies to process huge volumes of data. Collected via platforms, evaluated and merged to create new findings, this data is valuable for the development of new products, services and business models. Linking the analog and digital worlds, the electrical industry is a key sector for the digital transformation of Europe’s industry and is actively shaping it with its products and system solutions. Furthermore, the electrical industry welcomes the European Commission's plan to set up Common European Data Spaces to develop new business models and leverage new potential for added value. ZVEI represents companies within the five lead markets of (1) Industrie 4.0, (2) Health, (3) Mobility, (4) Building, and (5) Energy, and is therefore directly affected by the establishment of data spaces in these strategic sectors. Creation of a trusted European data infrastructure will support data-driven innovations in the economy. Digital ecosystems based on European values are to permit data exchange across borders and sectors and thereby ensure the competitiveness of European companies. Therefore ZVEI puts forward its recommendations for a successful industrial data economy in Europe. 

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