Digitization has become a necessity in today's modern world, not just a trend. It is a driver for economic development, employment growth and increased productivity. The world economy has become dependent on digital technology, which was proven during the corona crisis. The European Union wants to gain technological leadership and independence in acquiring advanced technology from Asian markets. Following new trends in technology for the sake of growth and progress and maintaining competitiveness is of global importance, especially for the European territory. Digitization and investment in research and innovation and in the increase of production technological capacities will strengthen the European Union and increase its readiness for future challenges. Therefore, in this paper, the focus is on the financial instruments of the EU, which strive to achieve the set goals for the introduction in the public and private sector through a new digital infrastructure. It is also necessary to raise awareness of the importance of digital skills for human staff working on computer systems. Technology is developing more and more with the passage of time, so it is necessary to focus on digital education because society as a whole must also keep up with the progress of technology. Through the financing of digitization with the available funds of the European Union and investment in digital technology by the public and private sector of each EU member state, it is necessary to act in order to stimulate the digital transformation of the European economy and achieve the goals of the digital decade policy.