At a time when the efficient use of data is a competitive driver for almost all companies, choosing a country that offers world-class digital infrastructures and a stable economic and legal environment is strategic for optimising business management as well as for reassuring customers.
From customer relations and internal process management to data storage, digital solutions have crept into all levels of business. This means a certain gain in competitiveness, but at the same time new risks.
These risks are not only technical. From the customers' point of view, the issue of data security is a crucial element in their decision to work with one company rather than another. Being located in a country with a reliable digital infrastructure but also a stable economic and legal framework adds a layer of trust and a reassuring argument for your prospects.
Building a data-driven economy
In Luxembourg, the digital economy is not only a must-have, but a real government priority. The Grand Duchy was in fact the first EU Member State to publish a data-driven economic innovation strategy. The objective is to make Luxembourg the place where companies can develop and test their data-based solutions in a safe and secure environment with access to world-class technology.
Concretely, 40% of all European Tier IV data centres are located in Luxembourg. The network infrastructure offers a very low latency connections to Frankfurt, Amsterdam, London and Paris. A brand new, business-oriented high-performance computer, MeluXina – the greenest one in Europe – was launched last year, offering 65% of its capacity to businesses, including start-ups.
Securing sensitive data from other countries
In addition, the authorities have set up a national cybersecurity centre, including training services in cooperation with the best experts in the private sector as well as a support service to help companies affected by cyber-attacks. As the next step, the country is working on the development of a national cloud and a secure data exchange platform.
It is this investment and strategic vision at government level that led Estonia to ask Luxembourg to host its first digital embassy. A world first. An example followed by Monaco last year. Luxembourg is the data hub you need for your business.
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