Picture: iStock

Digitisation

Picture: iStock

Digitization is penetrating all areas of life and networking people, machines and processes. This is creating immense opportunities for the German economy.

In Germany, it has triggered a profound structural change in all areas of the economy and society. This digital transformation holds enormous opportunities, and they must be exploited - including, but not limited to, the automation and networking of value creation processes under the buzzword Industry 4.0. Autonomization in particular, i.e. enabling machines to organize, repair and optimize themselves, opens up extensive opportunities.

The prerequisites for digital transformation are nationwide high-speed networks and an unbureaucratic and capital-rich innovation environment. Employees also face challenges: Companies must identify the new requirements for employee qualifications and train employees accordingly. In addition, companies, especially from the SME sector, must drive digitization more strongly in their own operations, for example by refining their business models and developing new ones, for example in cooperation with startups. On this page you will find various topics and current studies from the field of digitization.

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Jan Büchel

Jan Büchel

Economistfor Industrial Economics and Competition

Tel+49 221 4981-415

Mailbuechel@iwkoeln.de

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Vera Demary

Dr. Vera Demary

Head of the Research Unit Digitalization, Structural Change and Competition

Tel+49 221 4981-749

Mailvera.demary@iwkoeln.de

@V_Demary

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Barbara Engels

Barbara Engels

Economist for Industrial Organization and Competition

Tel+49 221 4981-703

Mailengels@iwkoeln.de

@BarEngels

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Christian Rusche

Dr. Christian Rusche

Senior Economist for Industrial Organization and Competition

Tel+49 221 4981-412

Mailrusche@iwkoeln.de

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