Digital technology continues to revolutionize our economy. Its disruptive nature is comparable only to that of earlier general-purpose technologies such as the steam engine, the electricity generator, or the printing press. What is new, however, is the enormous speed of this change, which leads to politics and legislation lagging behind reality. It is therefore important to carefully manage the digital revolution so that we can reap its social benefits at acceptable social costs. Important concerns include its effects on jobs, competition, and privacy, particularly with respect to recent applications such as big data, artificial intelligence, robotics, and 3D printing.