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Latest articles

Smart factories in new Europe

Smart factories in new Europe

At the request of the European Commission, the consulting firm PwC, in co-operation with Oxford University Innovation (Oxentia), is implementing the Smart Factories project, whose main objective is to create a network of so-called Digital Innovation Centres and provide them with a training programme to increase their efficiency. This is part of the EU's Digitising European Industry initiative, which involves the use of new technologies to help European industry generate an estimated additional €110 billion in revenue per year.

Three Seas Initiative offers common vision for promoting transport infrastructure investment climate in Central and Eastern Europe

Three Seas Initiative offers common vision for promoting transport infrastructure investment climate in Central and Eastern Europe

The ‘Three Seas Initiative’ has been proposed by several key stakeholders in the region as a way of facilitating investment and development in order to address this imbalance and boost economic figures. Central and Eastern European countries in the region joining the Baltic, Black and Adriatic Seas account for 28% of the EU’s territory and 22% of its population, but only 10% of its GDP.

Competition and regulation are set to grow, so businesses need to adapt and collaborate

Competition and regulation are set to grow, so businesses need to adapt and collaborate

Nearly all Latvian CEOs believe that competition is set to grow going forward and this growth will occur amid a shortage of skilled workers, reveals the latest global CEO survey conducted by PricewaterhouseCoopers (PwC). Latvian CEOs’ sentiments are affected by concern about the increasing tax burden and the impact of regulation. PwC experts believe that looking for innovative solutions as well as sharing resources and knowledge can help businesses adapt to external challenges.

Less than half of companies are prepared to face growing threat from hackers

Less than half of companies are prepared to face growing threat from hackers

The threat of financial losses from malware that encrypts computer users’ data, known as cryptolockers or ransomware, is growing, according to PwC experts. They emphasize that only half of companies surveyed by PwC have intrusion detection tools and actively monitor & analyse information security intelligence, while less than half of companies conduct vulnerability assessments, conduct threat assessments and use threat intelligence subscription services .

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