Europes innovation strategy is failing. Heres how to fix it
News Source : TechRadar
News Summary
- Europe is experiencing what many economists refer to as the mid-tech trap.
- Most companies based here are too advanced to compete with emerging markets on low-cost production, yet not agile enough to rival the high-tech innovation of the US and China.
- Europe must modernize the strengths it already possesses, reimagining traditional industries like automotive, telecommunications and energy through digitization, sustainability, and AI tools, and updating the governance model to reflect the new needs and realities of the digital era.
Europe is experiencing what many economists refer to as the midtech trap Most companies based here are too advanced to compete with emerging markets on lowcost production, yet not agile enough to [+6195 chars]
.png?trim=0,0,0,0&width=1200&height=800&crop=1200:800)
Never miss a story from us, subscribe to our newsletter