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Digitalisation in Europe 2021-2022 - Evidence from the EIB Investment Survey - cover

Digitalisation in Europe 2021-2022 - Evidence from the EIB Investment Survey

European Investment Bank

Publisher: European Investment Bank

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Summary

The coronavirus crisis accelerated the digital transformation of Europe's economy. Before the pandemic, cutting-edge digital technologies were primarily used by the most innovative and modern firms. The COVID-19 crisis, however, brought the digital transformation to the larger society — and made digitalisation integral to firms' survival.
Digital firms were better able to cope with the disruption unleashed by the pandemic, and they were less likely than non-digital firms to see sales decline significantly from 2020 onwards. Many of them used the crisis an opportunity to accelerate their digitalisation. 
The Digitalisation in Europe 2021-2022 report uses results from the EIB Investment Survey (EIBIS), conducted from April to July 2021, to shed light on the level of digitalisation among Europe's small and medium firms.
Available since: 05/05/2022.
Print length: 75 pages.

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