{"id":151646,"date":"2020-10-19T06:43:14","date_gmt":"2020-10-19T06:43:14","guid":{"rendered":"https:\/\/www.bnreport.com\/eu-shoots-for-e10b-industrial-cloud-to-rival-us\/"},"modified":"2020-10-19T06:43:14","modified_gmt":"2020-10-19T06:43:14","slug":"eu-shoots-for-e10b-industrial-cloud-to-rival-us","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/eu-shoots-for-e10b-industrial-cloud-to-rival-us\/","title":{"rendered":"EU shoots for \u20ac10B \u2018industrial cloud\u2019 to rival US"},"content":{"rendered":"<p>BERLIN \u2014 The European Union aims to spend up to \u20ac10 billion over the next seven years to help build up a homegrown cloud computing sector that could rival foreign corporations such as Amazon, Google and Alibaba.<\/p>\n<p>Twenty-five EU countries signed a <a href=\"https:\/\/ec.europa.eu\/digital-single-market\/en\/news\/towards-next-generation-cloud-europe\" rel=\"noreferrer noopener\" target=\"_blank\">joint declaration<\/a> Thursday pledging public money to power up the cloud sector and establishing the \u201cEuropean Alliance on Industrial Data and Cloud,\u201d a partnership geared toward facilitating such projects.<\/p>\n<p>The alliance \u2014 whose funding is to be drawn from existing EU programs and hoped-for pledges from industry and national capitals \u2014 will be launched by the end of the year. Cyprus and Denmark were the only EU member countries not to sign the declaration due to \u201ctechnical reasons.\u201d<\/p>\n<p>The declaration \u201cis a foundation stone for the establishment of European cloud technology, which will be very high performing,\u201d said Internal Market Commissioner Thierry Breton, following a meeting of European telecoms ministers organized by the German government, which currently holds the EU\u2019s rotating Council presidency.<\/p>\n<p>\u201cContrary to the prejudices, we are not late [on cloud development]. We are the first to get involved in the industrial cloud,\u201d he added.<\/p>\n<blockquote><p> \u201cEU governments and the public sector need to be fully committed to the initiative by fully shifting to cloud services\u201d \u2014 <em>Lise Fuhr, ETNO\u2019s director general<\/em><\/p>\n<\/blockquote>\n<p>The cloud alliance is a key part of the European Commission\u2019s data strategy, which aims to create a single market for industrial data. Commissioner Breton in particular has lobbied hard to make the EU a worldwide data hub, and to develop data processing capabilities that would give Europe an edge over foreign rivals that currently dominate the cloud business.<\/p>\n<p>It also fits in with broader efforts by European policymakers to make the Continent less dependent on foreign technology. Currently, U.S. technology firms dominate the global market for cloud storage.<\/p>\n<p>In the same vein, the bloc is set to unveil by December a rulebook for platforms dubbed the \u201cDigital Services Act,\u201d as well as binding laws for artificial intelligence that are set to be released early next year.<\/p>\n<p>The new alliance will have the mandate to develop business, investment and implementation plans for European cloud technologies in the public and private sectors.<\/p>\n<p>Signatories also pledge to create common European standards and policy norms to create pan-European cloud services, and help small and medium-sized businesses, startups and the public sector embrace cloud technology.<\/p>\n<p>\u201cIn order to achieve digital sovereignty, we need to start approaching data processing the way major American and Chinese companies \u2014 the hyper-scalers \u2014 approach it,\u201d said German Economy Minister Peter Altmaier.<\/p>\n<p>\u201cThis is an area where we\u2019re far from being equals,\u201d he added.<\/p>\n<h3>Money, money, money<\/h3>\n<p>The Commission\u2019s plan is to invest up to \u20ac10 billion to develop Europe\u2019s cloud and data infrastructures.<\/p>\n<p>The EU\u2019s executive arm would invest \u20ac2 billion from programs in its long-term budget such as the Digital Europe Programme, Connecting Europe Facility 2 and InvestEU.<\/p>\n<p>The rest of the money will come from both industry and member countries. National governments will be able to fund these projects through the EU\u2019s coronavirus recovery plan, which has earmarked 20 percent toward digital projects.<\/p>\n<p>The joint cloud declaration also issues demands to non-European cloud companies.<\/p>\n<p>Cloud providers must \u201cguarantee European standards in terms of security, data protection, consumer protection, data portability and energy efficiency and contribute to European digital sovereignty.\u201d<\/p>\n<p>The comp<a href=\"https:\/\/www.politico.eu\/article\/eu-pledges-e10-billion-to-power-up-industrial-cloud-sector\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer noopener\" target=\"_blank\">Read More \u2013 Source<\/a><\/p>\n<p>[contf] [contfnew]         <img decoding=\"async\" src=\"https:\/\/snap.md\/wp-content\/uploads\/2018\/03\/politico-logo.jpg\" \/><\/p>\n<h5><a href=\"https:\/\/www.politico.eu\/\" rel=\"noreferrer noopener\" target=\"_blank\">politico<\/a><\/h5>\n<p>[contfnewc] [contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BERLIN \u2014 The European Union aims to spend up to \u20ac10 billion ..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"class_list":["post-151646","post","type-post","status-publish","format-standard","hentry","category-tech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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