Digitization overwhelms parts of the economy

The survey also shows differences depending on the size of the company. Only 10 percent of companies with 20 to 99 employees and 13 percent of companies with 100 to 499 employees have increased their investments significantly. In the case of companies with 500 to 1999 employees, however, it was 24 percent, for those with 2000 employees or more 22 percent. “There is a risk that the surge in digitization caused by Corona will lead to an even deeper division in the German economy: in companies that are largely sticking to the analogue and in companies that are moving ahead with digitization at a rapid pace,” said Berg.

The companies cite data protection as the greatest hurdle for digitization (69 percent). This is followed by requirements for technical security (58 percent) and a lack of skilled workers (55 percent). 43 percent of companies currently cite a lack of financial resources as a hurdle, in April it was only 25 percent, in 2019 it was only 20 percent.

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