The Nordic ministers of trade and industry approved and launched a strategic roadmap for the Nordic Smart Government program 1 September 2020.
The aim of Nordic Smart Government is to make companies’ economic data securely accessible and usable for the purposes of innovation and growth. This will create a more transparent and integrated region in which it is easier for Nordic companies to trade with each other, file reports with public authorities, and develop new digital solutions with the help of better and more accessible data.
Easier for companies to operate across the Nordic region
“Nordic Smart Government gives us real-time data on companies. This gives those companies a better overview of their financial situation and makes it quicker and easier for companies to, for example, obtain a credit check from a bank for a loan. Real-time data makes it easier for companies to do business in a timely manner and also creates increased liquidity in the market, which benefits business and general welfare greatly,” says Simon Kollerup, Denmark’s Minister of Industry, Business and Financial Affairs, who is chairing the Nordic ministers for trade and industry in 2020.
Real-time data makes it easier for companies to do business in a timely manner and also creates increased liquidity in the market, which benefits business and general welfare greatly– Simon Kollerup, Danish Minister of Industry, Business and Financial Affairs
Nordic Smart Government will soon enter the next phase, in which the public and private sectors will work together to implement concrete initiatives. A first step is to expand the use of electronic invoicing across the Nordic Region so that an invoice from Sweden can be easily recorded in Denmark.
An ecosystem of real-time business data
Nordic Smart Government is a co-operation program launched by the Nordic Ministers of Trade and Industry in 2018 and run by the five business registries authorities and several tax and statisical authorities in the Nordic countries. The program is co-financed by Nordic Innovation.
The roadmap that is now approved and launched describes how to create an interoperable ecosystem of digital solutions that will real-time business data for business-to-business and business-to-government. It contains proposals for regulatory changes and requirements for digital systems, data quality and security as well as a democratic data policy which secures a fair and consent-based data sharing.