That said, digitalization doesn’t need to be a daunting prospect for companies. While Business, Intelligent, and Robotic Process Automation may seem like a technological mountain to climb, when handled correctly, these systems integrate seamlessly and efficiently, naturally transforming businesses into digital entities that thrive in the modern marketplace. Furthermore, with the cloud opening up enterprise solutions to companies of all sizes, even the smallest business can now benefit from the same tools used by global corporations at an affordable cost.
When correctly implemented, digital technologies promise to reduce bank operating cost by 75%.
The Recovery and Resilience Facility offers an unprecedented opportunity to accelerate the digital transformation with about 127 billion EUR for investments.
Only 55% of SMEs in EU have at least a basic level of digitalisation, with the European Commission targeting 90% by 2030.
Companies that embrace data-driven decision making experience on average an increase in profitability between 5% and 10%.