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Digital innovation capacity of Switzerland
Good, but not good enough
While the impact of digital technologies on society and work has accelerated in recent years, productivity growth has declined. What are the reasons behind this paradoxical situation? What can Switzerland as a country and Swiss companies do about it? The new report from Deloitte and BAK Economics “Switzerland’s Digital Innovation Capacity” provides insights.
In comparison with other industrialised economies, Switzerland enjoys excellent competitiveness, low unemployment and low government borrowing. The exception is its performance on productivity: productivity growth has not only declined over recent years but has actually fallen below the level achieved by other industrialised economies.
One of the main reasons behind this paradoxical situation is the still untapped potential of digitalisation for companies. We have seen a great deal of digital innovation in recent years in consumer technology and consumer convenience (e.g. smartphones), which has not been utilised to the fullest in a business context. Once companies fully tap into this potential, productivity growth is likely to rise.
The Digital Innovation Index measures Switzerland’s capacity to develop and apply digital technologies in order to seize the opportunities of the increasing digitalisation and to boost productivity growth in the long term.
The results of the study
What Switzerland needs to do
What companies need to do
- What key competencies are needed in the digital age? The Deloitte study discusses the associated effects on the Swiss labour force and highlights what competencies will be particularly sought after in the future. The study also looks into how the education system and companies should respond to these changes.
- Transforming the Swiss economy: This study examines the effects of automation on different Swiss business sectors and highlights what opportunities and challenges it will create for companies.
- Structural change creates jobs: This study shows that the positive effects of automation in Switzerland will continue to dominate in the future.
- Man and Machine - robots on the rise: This report explores the impact of automation on jobs in Switzerland.
- Next generation automation: This report highlights the differences between robotic automation + artificial intelligence led automation and helps you choose which to prioritize.
- The robots are here: This report examines Robotic Process Automation (RPA) and its role in shared services and Global Business Services (GBS).
Robotic Process Automation
The impact of automation on employees, companies and education