On May 5th, 2022, a new edition of the European Investment Bank’s report “Digitalisation In Europe 2021-2022: Evidence from the EIB Investment Survey “was published. This new report includes the EIB Corporate Digitalisation Index, a cross-country ranking of digital adoption efforts in EU countries and the United States, among other key findings.
The report is based on a unique, annual survey of 13 500 firms across EU members and the United Kingdom, as well as a sample of US firms that serves as a benchmark. Among other things, EIBIS collects data on firms’ use of advanced technologies specific to their sector. This information is used to determine a firm’s level of digitalisation. In addition, the report includes the EIBIS Corporate Digitalisation Index, which summarises indicators linked to digitalisation – such as the use of advanced technologies and uptake during COVID-19 – and firms’ assessment of digital infrastructure and investment.
For instance, the Coronavirus crisis has accelerated the digital transformation of Europe’s economy. Before the pandemic, cutting-edge digital technologies were primarily used by the most innovative and modern firms. The COVID-19 crisis, however, brought the digital transformation to the larger society — and made digitalisation integral to firms’ survival. Close to half of firms in the European Union surveyed for the EIB Investment Survey (EIBIS), conducted from April to July 2021, said they responded to the pandemic by investing in digitalisation — for example by providing services online.
Read the full report here.