The new report presents a compelling vision for a Real-Time Economy in the Baltic and Nordic countries which is underpinned by seamless data space interoperability and efficient data management governance. This vision promises to create a simpler business environment that is not only more productive but also healthier, easily operated and more sustainable.
The report “Harmonised vision and a roadmap for the development of the RTE Economy in the BSR” presents the roadmap for the Baltic Sea region for the years 2023-2028.
The proposed vision includes:
- Data space interoperability and governance: Unify data sharing and develop common standards for seamless exchange.
- Empowerment and innovation of businesses: Encourage sustainable practices and provide access to data and tools for competitiveness.
- Advanced technologies and automation: Integrate AI and IoT to enhance productivity and decision-making.
- Secure data and ownership: Ensure trust and protect sensitive information.
- Government facilitation and impact measurement: Streamline administrative processes and promote the use of standardized and digitized information formats to facilitate transparent and automated operations of companies across national borders.
Roadmap for implementing the vision:
- Establish and implement the strategic initiative – 2024
- Define and improve infrastructure and enable data space interoperability – 2025-2026
- Spark innovation and technology adoption – 2026-2028
- Measure success and adjust – 2024-2028
- Evaluate and scale up – from 2028 onwards
“Harmonised vision and a roadmap for the development of the RTE Economy in the BSR” is a part of the project “Supporting productivity and competitiveness of Estonian SMEs through Real-Time Economy and single contact point digital solutions” under the framework DG REFORM (REFORM/SC2021/092) granted to the Estonian Ministry of Economic Affairs and Communications and provided by PwC.
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