European plans against Big Tech meet with criticism from businesses

"Companies across sectors such as banking, industry, and technology report that their digital infrastructure is closely intertwined with American software and cloud platforms. Many organizations rely on services from large American suppliers for office software, cloud storage, and AI applications. According to them, this dependence cannot be reduced quickly without operational disruptions."

"Within the industry, there is a perception that many European alternatives to IT systems are still underdeveloped. Some executives argue that Europe currently lacks a complete range of products to replace existing systems. A transition would therefore only be possible with substantial investment and long-term political support."

"European technology companies have also warned against an overly protectionist approach. Executives at ASML, Ericsson, Capgemini, and others point out that measures that exclude foreign technology could lead to higher costs and less innovation."

European businesses across banking, industry, and technology sectors express concern about Brussels' strategy to reduce dependence on American technology companies. Digital infrastructure is deeply integrated with American software, cloud platforms, and AI applications, making rapid transition difficult without operational disruptions. European executives argue that viable alternatives remain underdeveloped and lack complete product ranges for replacement. Technology leaders from companies like ASML, Ericsson, and Capgemini warn against overly protectionist measures, citing risks of higher costs and reduced innovation. The European Commission pursues digital autonomy through expanded European cloud solutions and strengthened software positioning, driven partly by geopolitical tensions and concerns about potential US-EU technological separation.

Read at Techzine Global