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The Digital Transformation of Industry – The Benefit for Germany

In: The Drivers of Digital Transformation

Author

Listed:
  • Dieter Schweer

    (Bundesverband der Deutschen Industrie e. V.)

  • Jan Christian Sahl

    (Bundesverband der Deutschen Industrie e. V.)

Abstract

Mobile Internet, social media and digital services have become part of our daily lives. The era of the Internet of Things—the network of products and machines—is just beginning. Entire value chains are being transformed by digital technology, some of it evolutionary, some of it disruptive. Anything that can be digitized will be digitized. Are Germany and Europe at the forefront of this movement? A study by Roland Berger Strategy Consultants on behalf of the BDI concluded that the digital transformation could add around 1.25 trillion euros to Europe’s industrial value creation by 2025—but could also diminish it by 605 billion euros.

Suggested Citation

  • Dieter Schweer & Jan Christian Sahl, 2017. "The Digital Transformation of Industry – The Benefit for Germany," Management for Professionals, in: Ferri Abolhassan (ed.), The Drivers of Digital Transformation, chapter 3, pages 23-31, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-319-31824-0_3
    DOI: 10.1007/978-3-319-31824-0_3
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    Cited by:

    1. Intalar Nuchjarin & Chumnumporn Kwanchanok & Jeenanunta Chawalit & Tunpan Apinun, 2021. "Towards Industry 4.0: digital transformation of traditional safety shoes manufacturer in Thailand with a development of production tracking system," Engineering Management in Production and Services, Sciendo, vol. 13(4), pages 79-94, December.
    2. Chatterjee, Sheshadri & Chaudhuri, Ranjan & Vrontis, Demetris & Thrassou, Alkis, 2022. "SME entrepreneurship and digitalization – the potentialities and moderating role of demographic factors," Technological Forecasting and Social Change, Elsevier, vol. 179(C).

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