News from 2016-08-18 / KfW Research
SMEs and digitalisation: The current position, recent developments and challenges
German SMEs have a great deal of catching up to do when it comes to digitalisation. Although over 80 % of SMEs have carried out digitalisation projects during the past three years, small companies in particular spend only moderate amounts on them. Only one in five companies is a digital pioneer. A third are still in the early stages of digitalisation. A shortage of IT skills within the workforce (67 %), data security and data protection (62 %) and inadequate internet connection speeds (58 %) represent key obstacles. Many companies do not currently recognise the benefit to their business of further digitalisation and baulk at the high costs (59 %). Thirty-two per cent of SMEs are hampered by the difficulties of financing digitalisation.
SMEs and digitalisation: The current position, recent developments and challenges
Share page
To share the current page content with your network, click the button below and then select the desired option in the dialog box.
Note on data protection: By clicking the button, your browser's sharing function is used. If you select an external provider when sharing, personal data may be processed by the provider. Please read our data protection principles for more information.
Your browser does not support sharing with external services.
Alternatively, you can also copy the short link: https://www.kfw.de/s/enkBbm2u.BacA
Copy link Link copied