The digital transformation of businesses will depend on their ability to adopt new technologies rapidly and across the board, including in industrial and service ecosystems that are lagging behind. This will enable more efficient resource use, boost material productivity, and reduce vulnerability to supply shocks. SMEs play a central role in this process, not only because they represent the bulk of EU companies, but also because they are a critical source of innovation. A truly functioning single market should create favourable conditions for digital take-up, disruptive innovation, rapid-growth and scale-up. As part of the Digital Compass, it is our proposed level of ambition that by 2030:

• 75% of European enterprises have taken up cloud computing services, big data, and AI
• More than 90% of SMES have reached at least basic level of digital intensity
• The number of European unicorns has doubled