GigaWorld to unlock €250bn wave of innovation
September 2017

September 2017

This article is about a new report by Arthur D. Little on GigaWorld, which was presented at Liberty Global’s Tech Summit in Amsterdam. Gigaworld is to unlock a wave of innovation worth at least €250 billion per year to the European economy by 2025. New research from Arthur D. Little estimates that Gigaworld – the world enabled by widespread access to high quality, gigabit internet in which people, machines and the environment collaborate intelligently – could generate billions of Euros for the European economy, and trillions globally. During the presentation of the report, Ignacio G, Alves, CEO ADL, said “You cannot prescribe innovation, but you can discourage it. We believe that until now regulation is regulating the past,” while taking the example of the introduction of DVB-H as an example. “They were going to push DVB-H, but in the end the model didn’t work, because it was not clear who was going to pay for what.”