digital transformation latest publications
The digitization of the economy is an essential ingredient for sustainable growth and social welfare. A good digital transformation plan requires a diagnosis of the starting point. The Digitalization Index (DiGiX) is a tool that allows such a diagnosis for the Spanish regions.
The European Commission has launched its Digital Compass, a document with the key digital goals of its plan for a successful digital transformation for Europe by 2030. The Commission has released this plan along with clear milestones and a tracking system.
December 16, 2020
DiGiX: Digital transformation index for the Spanish Regions as a starting point for NGEU
The update of the digitization index for 2020, presents a baseline for economic policy makers in charge of designing digital transformation plans for the economy, within the NGEU framework. It indicates innovation and productivity aspects to be promoted as well as the ones that are lagging behind to be supported.
This study attempts to illustrate the paradigm shift brought about by the digital transformation. It examines factors that could affect the growth of firms in three domains: productivity, employment and geographical dispersion.
The New Digital Economy (mobile internet and cloud use) has the potential to transform the way in which SMEs combine capital and labor to obtain improvements in productivity levels, so that size could no longer be a limitation under this scenario.
The transformation toward the new digital economy, characterized by mobile Internet access and the use of the cloud, has resulted in lower investment in ICT capital goods and increased access to this technology through pay-to-use services.
The Digitization Index (DiGiX) assesses the infrastructure, the level of adoption, and the institutional and market conditions that allow a country or region to take full advantage of information and communication technologies. It includes 17 Spanish regions and 99 countries, with comparable information available for 2019.
Digital transformation and technological advances have drastically changed the way in which consumers and businesses interact.