Benchmarking digital innovation
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? This new report from Deloitte and BAK Economics provides insights and benchmarks several countries against Switzerland in the areas of talent, start-ups, and investments and patents.
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