On Tuesday 22 September 2020, the European Court of Auditors (ECA) will publish a special report on the “Digitising European Industry" initiative.
ABOUT THE AUDIT
Europe is not fully benefiting of advanced technologies to innovate and remain competitive. In 2016, the European Commission launched the Digitising European Industry (DEI) initiative to enhance the EU's competitiveness in digital technologies and ensure that every business in Europe - no matter their sector, size, or localisation - can benefit from digital innovations. Although progress has been made in recent years, the report is expected to show that the impact of this initiative has been limited and that the digital industrial revolution progresses unevenly across the EU. The auditors visited Germany, Hungary, Portugal and Poland during the audit and analysed their national industry 4.0 strategies. A number of recommendations to the Commission and to Member States will be made, in view also of the new Digital Europe 2021-2027 programme still in discussion.
ABOUT THE TOPIC
The digital transformation of industry, or digitalisation, involves using the possibilities afforded by new technologies to rethink all aspects of the business process. Studies estimate that it could add more than €110 billion of revenue per year in Europe. Digitalisation, along with cohesion and sustainability, is one of the main objectives of the Next Generation EU (NGEU) package to reduce the socio-economic impact of the COVID-19 pandemic.
The ECA’s special reports set out the results of its audits of EU policies and programmes or management topics related to specific budgetary areas. The ECA selects and designs these audit tasks to be of maximum impact by considering the risks to performance or compliance, the level of income or spending involved, forthcoming developments and political and public interest.