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Challenges in digitalization

“Industry 4.0” and the associated digitalization have been an integral part of the business context since 2011. Nevertheless, SMEs in particular still see a number of reasons and challenges that prevent digitization in their area.
According to a survey by “All for One Steeb”, companies often do not see the direct benefits of digitization – the average European company currently uses only 13% of its digital potential. A research project conducted by KfW Bankengruppe shows that the lack of IT skills (67%), IT security (62%), investment costs (59%) and Internet speed (58%) are often perceived as obstacles. The lack of time is also mentioned as a problem factor, as digitalization strategies can only be fathomed and implemented slowly in addition to day-to-day business.

A Bitkom study with 605 surveyed SMEs from 2018 shows that interest in digitization is there. 89% of SMEs see digitization as a great opportunity. The digitization projects implemented to date are primarily concerned with improving and digitizing business processes with the help of new software. New business models are rarely pursued. Companies surveyed do not see this as practicable in the near future, although a radical (and not just incremental) approach is usually needed to remain competitive in the future.

Digitalization pays off. Despite the rather timid digitization efforts, 35% of the 2,500 SMEs surveyed were able to increase their revenue through their initiatives, as Deutsche Telekom’s digitization index illustrates.

For SMEs, it is therefore not a question of whether there will be digitalization, but rather of when and to what extent it will take place. Omniscient helps companies not to explore their digital potential at some point in the future, but to do so today. Our platform connects digital talents with digitalization challenges so that SMEs become future-proof in “no-time”.

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