Digital strategies, new services and products, as well as optimized processes are key success factors for Swiss companies in different economic sectors
New digital technology and services can help develop simple product portfolios into smart products and «client-specific solutions». Products and services become client interfaces, which do not only exist at the point of sale – but are everywhere all the time. The digital transformation of internal processes enables companies not only to create new innovations, but also to become leaner, more productive, and more cost-efficient. The increased availability of digital information can help make companies more transparent and agile. To remain ahead of the game in the age of digitalization, convergences must also be utilized and digital possibilities exploited. Today, all economic sectors are «digitally contestable», with the degree of digitalization varying considerably. The digital positioning of companies and the digitalization of products and processes is not only a matter of how to project oneself in the modern world, but also a key success factor for a company’s success in the modern age.
Concerning the current status
Breaking down the degree of digitalization to individual economic sectors is a novelty for the official publication. The underlying data from the KOF Department of Economic Research ETH Zurich was gathered and used for this analysis in 2015 for the first time in this form. It is planned to repeat measurements every two years. In addition, the Digital Index by Accenture will be used to further assess developments.
«The analysis provides a clear demonstration of the still enormous potential for digitalization in many industry sectors.