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As the COVID-19 Crisis Reveals, Europe Urgently Needs to Digitize Its Industry
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As the COVID-19 Crisis Reveals, Europe Urgently Needs to Digitize Its Industry



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9

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  • Eye Opening
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The United States has Amazon, China has Alibaba, and Europe has…well, let’s try again. The United States has Google, China has Baidu, and Europe has…ok, never mind. The Netherlands had Skype, which Microsoft acquired, and the UK created DeepMind, an artificial intelligence company, which Google purchased, leaving Europe with…nothing. So what can the European Union do to facilitate the growth of its tech industry and the digitization of its other industries? Experts from the European offices of the Boston Consulting Group offer suggestions in this special report.

Take-Aways

  • Europe’s tech industry trails far behind those of the United States and China.
  • Embracing digitization is the key to succeeding in a changing global economy.
  • Europe should model its transformation efforts after China rather than the United States. 

About the Authors

François Candelon, Hans-Paul Bürkner, Michael Grebe, Rodolphe Charme di Carlo and Midas De Bondt work in the European offices of the Boston Consulting Group.


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