Austria's upswing: government starts digital reforms!

Austria's upswing: government starts digital reforms!

In Austria, there is agreement in the government on the need for measures to improve the economic mood in the country. As oe24 not exploited to boost the economy. Chancellor Stocker was asked to make the topic of upswing a top priority.

Minister of Economic Affairs Hattmannsdorfer and Digitization State Secretary Pröll are under discussion as capable government members for future reforms. Infrastructure Minister Hanke is also brought into the race by the SPÖ. Together, these four could act as the reform motor of the government.

necessary steps for the upswing

To promote the upswing in Austria, there are various steps on the agenda. These include:

• digitization offensive
• relief of companies
• measures against inflation
• Investments in infrastructure and research

The government is asked to start a mission upswing, without working groups and round tables. The success of these measures could influence the mood in autumn and prevent another economic disaster.

An essential part of this strategy is digital transformation. As mentioned in a report by kpmg law , great emphasis is placed on digital sovereignty. This includes stronger European integration and the establishment of resilient value chains for central industries.

data economy and digital infrastructure

Another focus is on the development of a data economy. It is planned to promote a culture of data use, including the implementation of the "Public Money, Public Data" principle for publicly financed data. There is also a need for action in the digital infrastructure, especially when it comes to comprehensive fiber optic expansion.

The initiatives to strengthen the digital infrastructure include the introduction of an acceleration law for the expansion of mobile radio and fiber optic as well as the strengthening of the data center location. Innovative technologies such as artificial intelligence (AI) also play a central role. This is not only regarded as a key artifact for the competitiveness of European companies, but is also of great importance for areas such as healthcare, mechanical engineering and agriculture, such as The European Parliament emphasized.

A comprehensive data strategy is necessary for the successful implementation of the AI strategy. The regulation of AI is intended to focus on people and at the same time support innovative companies. Confidence can only be created through a legal framework to promote the development of a competitive AI in Europe.

Overall, the signs in Austria are upgrading, with a special focus on digitization. The way there will not be easy, but it is crucial for the future competitiveness and economic growth of the country.