Digitalisation in Europe 2021-2022 Evidence from the EIB Investment Survey
"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 - a...
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| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
2022
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| Subjects: | |
| Online Access: | OAPEN Library: download the publication OAPEN Library: description of the publication |
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| Summary: | "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." |
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| ISBN: | 7625 9789286152337 |
| Access: | Open Access |