Joining the Revolution
Digitisation is whirling like a storm through our economies and shifting the traditional boundaries of industries. The lower cost of communication and the ubiquitous scope for connecting devices provide a tremendous increase in flexibility for service provision, in mass customisation, in speed of production and in quality. The impact of digital technologies and their applications is no longer confined to early adopters in typical sectors, such as telecoms, electronics and automation. Digital technologies diffuse in a transversal manner across all sectors of economic activity and transform them, typically involving economies of scale and network effects. As data is the raw material for digital technologies, its processing requires substantial investment in non-tangible assets such as data acquisition, business practice, organisational rearrangement and training for effects to fully unfold.
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