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(PDF, 216 KB, non-accessible)

Press release