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Future of European industry discussed in Graz

'The ongoing fourth industrial revolution is digitally transforming European industry, and will help deliver efficiencies to EU industry and services', BusinessEurope Director General Markus J. Beyrer said at the 'Zukunftstag der steirischen Wirtschaft' conference in Graz, Austria, on 2 June. By 2025, Europe could see its manufacturing industry add a gross value worth 1.25 trillion euros. But if we fail to turn the digital transformation to our advantage, the potential losses could be up to 600 billion euros by 2025. Beyrer further emphasised that Europe needs to create the conditions to enable its future, open digital revolution and grab this opportunity.

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Last updated: 2 August 2016