Companies are investing more and more in digitisation

After having become salient in the public discussion in recent years, the subject of digitisation extends its reach to companies. This is the result of a poll conducted by the KfW, the BDI and other federations with about 2,200 companies. According to the study, more than half of the companies commit to digitisation projects for the next two years.

Digitisation has reached the majority of the German economy. Only a quarter of the companies rule out digitisation projects for the next two years whereas additional eleven per cent of the companies commit to such projects in comparison to the previous year. 23 percent of the companies still haven't made a final decision on such projects. Particularly large companies and – to a lower degree – companies coming from the manufacturing industry, the wholesale and trade sector are pioneers in this given context.

Efficiency maximisation as a trigger

According to the surveyed companies, the main trigger is efficiency maximisation by means of both the connection of IT between business units and the efficiency growth in the production. Companies feel only forced to a limited extent to make further steps due to customer demands, competition or integration in supply chains.

Credits for digitisation projects are still rarely demanded. Companies asking for such credits account for nine per cent of those involved in credit negotiations. At the same time, the access to such credits is worse than for tangible assets or real estate. Especially small companies face problems.

With the support of politics, the digitisation of the economy can be pushed further. Among others, more investments in broadband or digital innovations need to be arranged and the European Digital Market has to be realised rapidly.