Tackling Europe's gap in digital and AI

On many metrics, the European economy and its businesses have been grappling for years to capture the full potential of current and previous generations of digital tools. It is now more than time to double down on Europe's efforts to succeed in digital transformation, especially when a new set of digital technologies such as artificial intelligence (AI), are becoming more technically pervasive. On average, Europe's digital gap with the world's leaders is now being compounded by an emerging gap with the world's leaders in its development and corporate use of AI technologies. Without faster and more comprehensive engagement in AI, that gap could widen, especially for those European countries with relatively low AI-readiness. The potential to deliver on AI and catch up against the most AI-ready countries such as the United States and emerging leaders like China are large.