3FOOD

Third Industrial Revolution Consulting Group
Architecture of cloud-enabled prognosis
Transversal Topics
Source: Gao et al (2015) 189
The legal and regulatory framework will be an important tool to accompany the evolutions in
“Energy & Resource efficiency,” “Research, Development & Innovation” and “Smart Industry.”
Binding legislation, fiscal incentives, and a definition of best practices in the use of resources
and/or changes in the ‘culture’ of entrepreneurs (an environment where someone is motivated
to innovate, create and take risks by taking long-term sustainability issues into account) are
essential subject matters for putting Luxembourg on the road toward the Third Industrial
Revolution. It is important to stress that, as a sovereign state, Luxembourg has the authority of
a governing body to implement, to a certain extent, the right legislative and regulatory tools
that may encourage a transparent and simple possible authorization process for industrial
activities and change in activity that are in line with the principles of the Third Industrial
Revolution. Moreover, the question of the availability of the right skill set is crucial for the
development of the industry in the context of the Third Industrial Revolution. Attracting,
retaining and training of high-qualified workers will be key for a sustainable development
across all of Luxembourg industry. However, the whereabouts of less qualified personnel
189 Ibid., Gao et al. (2015)
222