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Thursday, May 19, 2022

More digitization in medium-sized companies: there is still a lot of potential

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Frankfurt am Main (dpa) – Many medium-sized companies in Germany pushed for digitalization in their companies during the coronavirus pandemic.

However, Europe’s largest economy only ranks 18th in this field in a European comparison and thus borders on the bottom third of European Union countries, as the state-owned bank of KfW development.

Up to and including the autumn of last year, 35 percent of the 3.8 million small and medium-sized enterprises in Germany expanded their digitization activities. However, the topic is not yet a sure success, writes the development bank in its current “digitization report” on the situation of SMEs: “Even in autumn 2021, a quarter of medium-sized companies will still not be performing no digitization activities. They stopped or reduced another six percent during Corona.”

KfW Chief Economist Fritzi K√∂hler-Geib summed it up in Frankfurt: “More companies have moved from emergency digitization to strategic reorientation. It is the task of economic policy to support companies so that from this momentum develop a sustainable trend.

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