The Digital Single Market (DSM) Strategy is a comprehensive initiative of the European Union (EU) aimed at fostering a harmonized and cohesive digital environment across member states. Introduced in 2015, this strategy addresses the challenges and opportunities posed by the digital era, promoting a borderless and integrated digital space.
The DSM Strategy encompasses various key pillars, including enhancing cross-border e-commerce, promoting fair competition, and ensuring the free flow of data. It seeks to remove barriers that hinder the growth of the digital economy within the EU, creating a level playing field for businesses and stimulating innovation.
One of the strategy’s focal points is the development of robust infrastructure, ensuring high-speed and reliable connectivity for citizens and businesses. It also emphasizes the importance of cybersecurity, aiming to bolster trust and security in online transactions.
Furthermore, the DSM Strategy underscores the significance of a digital-skills-savvy workforce to adapt to the evolving job market. It aims to empower individuals through digital literacy initiatives and foster an environment conducive to digital innovation.
Overall, the Digital Single Market Strategy is a forward-looking approach that strives to harness the full potential of the digital era, promoting economic growth, innovation, and inclusivity across the European Union.