The European Next Generation EU Recovery Fund is a special complement to the European Union budget that aims to repair the economic and social damage caused by the COVID-19 pandemic.The goal is to enable recipient Italy Email Database countries of the fund to invest and reform to lessen the impact of the pandemic and create a more sustainable and future-proof economy and employment.Next Generation EU adds an additional 750 billion to the EU budget. This means that the original budget will practically double and that the EU will have the largest budget in its history to help countries emerge stronger from the crisis.One of the main pillars of the European Recovery Fund is the Recovery and Resilience Mechanism, which offers grants and loans worth € 672 billion to EU countries. Spain is going to be the country that receives the most funds in subsidies , with a total of 69,000 million euros.

The General State Budgets for 2021 already incorporate a first batch of Next Generation EU funds, equivalent to 26.6 billion euros. Of the amount that it will receive in total, the Government will allocate a third to digital transformation . This amount is well above the minimum percentage required by the European Union (20%) and the community average.To find out how this money is going to be invested, we have to analyze the Spain Digital 2025 , which provides for the following budget items: 1097 million euros to promote digital skills among the population.583 million euros to extend digital connectivity to the entire population, favoring the disappearance of the digital divide between rural and urban areas.418 million euros for the digitization of the national productive fabric.370 million euros for the digitization of the public sector, including sectors such as justice, health, employment policies, consulates and territorial administration.330 million euros to the deployment of disruptive technologies such as artificial intelligence and the data economy.€ 315 million for digital transformation projects in strategic sectors, such as healthcare, tourism, agri-food, mobility and commerce.300 million euros allocated to the deployment of 5G.213 million euros for the development of .109 million euros to develop the Spain Audiovisual Hub plan.And more than 15 million euros for the protection of digital rights.The main areas of digitization in the European UnionThere is no doubt that in the coming years we will live in an increasingly digital world, and this will have many repercussions on companies and consumer habits.The European policies will have a very important role in the digital transformation. In October 2020, EU leaders invited the commission to present a Digital Compass 2030 outlining targets for the next decade. This proposal was presented in March 2021 and is structured around four main areas: capacities, companies, public services and infrastructures.

It is a vision for digital transformation in Europe with concrete milestones that should be achieved in the coming years.To better understand what the main changes will be, we are going to review some of the main areas of action of the EU digital strategy .Digital sovereigntyAfter the covid-19 pandemic, the European Union aims to protect and strengthen its digital sovereignty and its leadership in international digital value chains. Its ambition is to guarantee strategic autonomy in the digital realm and promote fundamental values ​​and freedoms.Data economyIn the age of digitization, more and more data is available. So much so, that a data economy has developed that is essential to prosperity.Therefore, the European Union has made it one of its objectives to develop the data economy in a way that is human-centered and in line with EU values. The aim is for data to be exchanged and reused between sectors and borders to serve as the basis for innovative services and applications.To articulate this new economy, the European Commission has proposed a European Data Strategy that will facilitate digital transformation in the next five years.

Within the framework of this strategy, a proposal for a Data Governance Law was presented in November 2020, which will play a central role in creating interoperable common data spaces throughout the European Union in strategic sectors such as energy, mobility and Health.Digital servicesThe European Union recognizes that online platforms are an important part of the market and the digital economy in the countries that comprise it. Therefore, it considers that it is necessary to strengthen, modernize and clarify the rules that govern digital services, in order to guarantee the safety of users and allow innovative digital companies to develop.Until recently, the European Union’s rules on digital services were outdated, as there had been little change since the E-Commerce Directive in 2000. Now, the EU recognizes that technology, business models and services have changed, so in 2020 it held a public consultation and presented the package of the Law on Digital Services and the Law on Digital Markets .

This package contains new rules to regulate digital services, especially social media platforms. Its main objectives are that digital users have access to safe products that respect their fundamental rights, and allow free and fair competition in the sector.Enabling TechnologiesWithin this category, the European Union includes three technologies that it believes will play a key role in developing Europe’s digital resilience: Cloud computing, which ensures that data is processed efficiently and can contribute to progress such as the ecological transition.

High-performance computing or supercomputing , which makes data can be analyzed thousands of times faster and therefore can bring important scientific advances.Quantum technologies , which use the properties of quantum mechanics to create practical applications that improve science, industry, and society.Artificial intelligenceFor the European Union, artificial intelligence is a resource that can contribute to a more innovative, efficient, sustainable and competitive economy and improve security, education and healthcare. At the same time, it also recognizes its potential risks and aims to take an ethical and anthropocentric approach to AI.Therefore, in October 2020 the European Council invited the commission to propose ways to increase European and national investment in research, innovation and artificial intelligence deployment, ensure better coordination between European research centers and provide a clear definition and objective of high-risk artificial intelligence systems.

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