Study: speed of digitization fair

Recently, TNS Infratest and the Center for European Economic Research presented the “DIGITAL Economy Monitoring Report 2015.” The report, created on behalf of the Federal Ministry for Economics and Energy shows: digitalization in the commercial economy isn’t where it needs to be yet – but it is on the way.

 

Lots of movement in the middle range

100 index points were the maximum achievable level – and the German economy reached just half that – by the skin of its teeth. Is this any reason to be alarmed? No. Appearances can be deceiving: there have always been branches that were especially open to innovation. Adaptation processes simply take longer in others.

 

The healthcare sector lags behind

The fact that the IT and communication industry – with 66 index points – stands as a shining example among the eleven segments assessed is certainly no surprise, nor is the fact that the German healthcare sector is at the other end of the spectrum. It only managed 36 index points, which isn’t altogether unexpected. Financial and insurance service providers delivered strong performance in the middle range, as did knowledge-intensive services. Other manufacturing sectors are also keeping up a high pace of digitalization, and we can expect the same from vehicle manufacturing.

 

Recommended action: processes, processes, processes

One central suggestion made by the report is especially gratifying from the point of view of ECM providers, EASY, and any other company that produces digital workflows. The economy should concentrate its efforts first on increasing the efficiency of internal processes, on workflows, and on resources. Among other recommendations, the report states that value creation chains should be fully digitized, a process it says has been completed in only 33 percent of companies.

 

Government responsibility

The government also got its own “homework:” it urgently needs to take up the topics of security and broadband expansion. For Germany’s current level of internet coverage, which provides 36 broadband connections per 100 residents, is at just 4th place worldwide.

If you’d like to read it all for yourself in black and white, look here to download the report.