The Luxembourg government and Cisco signed a Memorandum of Understanding  in Davos, Switzerland, to speed up digitization in the Grand Duchy. In line with the ‘Digital Luxembourg’ initiative, which is the cornerstone of the country’s digital policy roadmap, the government and Cisco intend to concentrate on four pillars: education, cybersecurity, the Internet of Things and fintech, said Cisco in a statement.

“Luxembourg has the ambition to be a digital leader in Europe”, says Prime minister Xavier Bettel. “Therefore we need to be at the forefront of technological development in order to embrace the acceleration in digitization. Luxembourg aims at attracting additional major investments allowing the digital conversion of our industry. By modernizing our education, we are going to encourage citizens to actively participate in the digital economy.”

Four pillars for digital acceleration
The three year program that the Luxembourg Ministry of State and Cisco have outlined include four focus areas:

1. Education: The University of Luxembourg and Cisco will contibute to the modernization of the education system with new technologies and curricula. Cisco will open a Networking Academy at the University of Luxembourg to provide free education to citizens.

2. Cyber security: Cisco will assist Luxembourg with advice, expertise and solutions.

3. Internet of Things: The Luxembourg government and Cisco will work to develop an IoT ecosystem.

4. Fintech: Cisco will provide secure systems for financial service providers.

[Image courtesy: Cisco]