3FOOD

Third Industrial Revolution Consulting Group
$140bn by 2024. Since cyber security and cyber awareness is crucial for a smart economy,
Luxembourg might provide cyber security training courses – including online training – by
focusing on the specific needs of Luxembourg and its economy. Another crucial element of
Luxembourg’s cybersecurity strategy is the introduction of a dedicated Cybersecurity
Venture Capital fund to foster disruptive commercializations through early stage and
potentially Series A/B funding.
1.5 Develop and foster Data Analytics in Banking and Finance with a focus on innovation. Use
the synergies of related initiatives like “Luxembourg for Finance,” “Digital Lëtzebuerg,” “ICT
Cluster” and private sector infrastructure to further develop and expand existing data
centers. The European Commission’s “Country Report Luxembourg 2016” states: “The
financial sector represents the main economic engine of the country with a share of 27 % of
total value added and 11 % of total employment in 2014. While Luxembourg’s predominant
business model is based on fund administration (the second largest center worldwide, after
the US) and wealth management, banking and the insurance sectors are also important.
Luxembourg has weathered the financial crisis relatively well, mostly due to the high
degree of diversification and specialization of its financial sector.” At the same time
Luxembourg is strong in data centers, and especially with regards to financial institutions:
“Luxembourg boasts one of the most modern data center parks in Europe and has 19 data
centers in operation, with a total net floor space of over 40 000 m² (over 440 000 ft²),
surpassing cities like Stockholm or Brussels with regard to shared IT Rooms. Many major
public and private players have established their data centers in Luxembourg, including the
European Commission and many financial institutions.” 293
1.6 Digital Innovation Cluster for Autonomous Driving. This innovation cluster will shape
tomorrow’s safe and intelligent mobility through researching and testing self-driving
vehicles. For this purpose, realistic traffic scenarios will be addressed in a test field
infrastructure in Luxembourg. The project will also pave the way for economic (e.g. the
Sharing Economy), legal (e.g. data protection issues of autonomous driving), technological
(each car is interconnected to each other, and Internet-connected to the cloud), and
cybersecurity (automotive cyber security) R&D to successfully usher in autonomous driving,
car-to-car, and car-to-infrastructure networking. The project will be linked to E-services
such as car registration and taxation services through the E-Luxembourg portal.
“Luxembourg is centrally located in the automotive heart of Europe. At the crossroads
between Germany, France and Belgium, it offers ‘just-in-time’ access to the major
293 Source: LUXEMBOURG and ICT: a snapshot
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