Europe's Digital Sovereignty Shift: A Warning to US Tech Giants The recent announcement by De Nederlandsche Bank to move its cloud services away from Google, Amazon, and Microsoft to Schwartz Digits has significant implications for the tech industry.
The decision marks a trend in Europe's approach to digital security, where governments are increasingly wary of storing sensitive data with foreign companies. This shift towards digital sovereignty is not new.
Countries have long prioritized domestic industries over foreign competitors. In the 1980s, Japan implemented policies to promote its own electronics industry, giving rise to companies like Toshiba and Hitachi.