Digitalisation in Europe 2021-2022
Author | : European Investment Bank |
Publisher | : European Investment Bank |
Total Pages | : 135 |
Release | : 2022-05-05 |
ISBN-10 | : 9789286152320 |
ISBN-13 | : 9286152329 |
Rating | : 4/5 (20 Downloads) |
Download or read book Digitalisation in Europe 2021-2022 written by European Investment Bank and published by European Investment Bank. This book was released on 2022-05-05 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coronavirus crisis accelerated the digital transformation of Europe's economy. Before the pandemic, cutting-edge digital technologies were primarily used by the most innovative and modern firms. The COVID-19 crisis, however, brought the digital transformation to the larger society — and made digitalisation integral to firms' survival. Digital firms were better able to cope with the disruption unleashed by the pandemic, and they were less likely than non-digital firms to see sales decline significantly from 2020 onwards. Many of them used the crisis an opportunity to accelerate their digitalisation. The Digitalisation in Europe 2021-2022 report uses results from the EIB Investment Survey (EIBIS), conducted from April to July 2021, to shed light on the level of digitalisation among Europe's small and medium firms.