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News from 2021-07-28 / KfW Research
Innovation and digitalisation in enterprises mutually reinforce each other
Digitalisation and innovation projects are regarded as key drivers of technological progress. A current study from KfW Research aims to shed light on the correlation between these activities. The central findings are:
- Digitalisation and innovation in businesses are closely correlated and mutually reinforce each other.
- Businesses that implement both digitalisation and innovation projects address their digitalisation more extensively and thoroughly than other businesses.
- These businesses achieve higher growth than those that only carry out digitalisation projects.
Innovation and digitalisation in enterprises mutually reinforce each other