For the past decade, European policymakers and executives have observed vigilantly how companies from the United States and Asia—particularly China—have bulldozed their way to dominance in the digital space. Many now acknowledge an alarming innovation gap as these economic powerhouses race ahead with the digital transformation of their industries. Today not one of the world’s 15 biggest digital firms is European. In this global battle for digital supremacy, the old continent is looking pretty old indeed.
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