Digitisation is a central aspect of an increasingly fast-paced technological change. Digital technologies are therefore forming the basis for new business models more frequently, and the digitalisation of production and work processes is continually gaining momentum. The successful use of digital technologies in many industries is now considered to be crucial to stay competitive in the future on an international level. Overall, the success of digital transformation in the economy is considered to be vital in securing growth and prosperity.
As an example, the digitalisation of production in Germany, also known as ‘Industry 4.0’, is seen as a great opportunity as the manufacturing industry continues to be important in Germany when compared with other industrial nations on an international level. However, digital technologies are already prominent even in the service sector and in agriculture, and it is important to keep up-to-date with the latest trends and accept the opportunities and challenges that come with further digitalisation (a keyword here is ‘platform economy’).