According to a study conducted by Euler Hermes earlier this year, countries with higher levels of digitalization have proven to be more resilient to the economic shock caused by COVID-19. Not surprisingly, the United States, Germany and Denmark are in the top three of the Enabling Digitalization Index (EDI) for 2020.
Euler Hermes’ digitalization index (EDI) measures the ability and flexibility of countries to stimulate the growth of digital companies and the ability of traditional businesses to recognize digitalization. The study involves 115 countries and the results are based on five indicators: regulatory requirements, knowledge, connectivity, infrastructure and size.
For 2020, the United States is the best in the knowledge ecosystem, competitive market size and favorable regulatory requirements. Germany is a leader in terms of knowledge and commercial infrastructure, but at the same time the quality of connectivity has fallen, following what has been happening around the world. It is interesting what is happening with China – the country is experiencing growth in all indicators, but faces problems in improving the skills of the population in the digital environment.
The main conclusion of the study is that digitalization can alleviate the shock caused by COVID-19. From an economic point of view, countries whose environment is more favorable for business digitalization (good connectivity, market size, regulations, logistics and knowledge) have managed to successfully respond to the crisis and have increased digitalization in many sectors.
One of the key outcomes of the DTAM project is the creation of the “DTAM Training Course” consisting of training units on digital and transversal skills relevant for IT and OT technicians in AM environments that will enhance the ability of industries to deal with the digitalization challenges caused by the COVID-19 crisis.