Valoria survey: 63% of companies say they will change radically in the next 3-5 years due to digitalization

Valoria survey: 63% of companies say they will change radically in the next 3-5 years due to digitalization

37% of companies say that digital business models have changed the industry in which they operate

Beyond the transformation at the level of technology and processes, the strongest transforming effect that digitalization has is at the level of the business model. Thus, in 2020, 37% of companies in Romania, compared to 25% in 2018, believe that digital business models have greatly changed the industries they belong to. However, the percentage of responding companies that consider digital business models as a threat decreases from 21% in 2018 to 5% in 2020, which shows that digitalization has become, at a perceptual level. part of the life of companies and is no longer considered something unusual, threatening or new.

The percentage of companies that expect digital business models to transform them, to a large extent the industry in which they operate in the next 1-3 years remains at 29% in 2020. The percentage of companies that say that digital business models will transform them decreases largely industry, from 33% in 2018 to 27% in 2020, and the percentage of those who believe that digital business models will affect them only to some extent industry in the next 1-3 years decreases from 10% to 9%.

The research conducted by Valoria and Doingbusiness.ro reveals that the percentage of companies that have made the digital transformation the central part of their business strategy remains at 30% in 2020, almost the same as in 2018 when it reached 29%. For the most influenced digitalization companies, the percentage is 76%, but the percentage decreases to 43% in the case of the medium influenced and to 24% for the least influenced by digitalization.

„In the pandemic, more and more companies have become convinced of the importance of digitalization. Firm options for a mode of operation that favors tangibility have collided with the new reality that proposes the intangible. The result of this realization is the growing need for companies to focus on digital transformation. According to the Barometer of digitalization, the digitalization process among Romanian companies is progressing timidly. Forced by circumstances, top managers take into consideration adopting digital products and allocating resources to digitally transforrn the companies they run”, says Dumitru Ion, CEO, Kompass Romania & Doingbusiness.ro, co-author of the research.

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