Digital Transformation in Greece 2021/2022 report: A step back, a leap forward

For the fifth year in a row, Found.ation presents the results of a survey that reveals interesting aspects of digital transformation in business. The research, carried out with the support of EIT Digital, provides a valuable view of the Greek corporate ecosystem, examining the extent to which companies and large organizations have adopted Digital Transformation processes and pointing out the reasons for any delays.

The report entitled Digital Transformation in Greece 2021/2022 extensively analyzes key elements of the transformation strategy companies need to follow, while outlining the situation that prevails in Greece, both in the public and in the private sector. Following a survey that specifically targets experienced business executives of Greek/international businesses, the report examines whether companies and large organizations have adopted digital transformation, and in what ways, as well as how they have been affected by the pandemic.

Some of the highlights from the report:

• Over the last two years and due to the pandemic outbreak, Digital Transformation has evolved from a trendy buzzword in corporate circles to a life jacket during the pandemic and to a new imperative for the following post-covid period. Data shows that Digital Transformation has been an integral part in Greek businesses strategy since, for the fourth consecutive year, a significant percent (78%) of the businesses taking part in our survey claim that they run projects that include a DT scope or are part of a broader DT roadmap, and more than 70% of the respondents are actively involved into these projects. The pandemic had a major contribution to these outstanding statistics regarding DT uptake, as 97.7% highlighted that the pandemic accelerated their digital switchover efforts to some extent, while 93.8% reported the same in last year’s survey.
• In the turbulence of volatility and disruption that organizations encountered this year, a mandatory and inevitable need came to the surface: a skilled, innovation-driven and tech-oriented workforce. One of the most notable transitions from last year’s results is that more companies are creating a department dedicated to Digital Transformation and Innovation: whereas 54.17% claimed they have such a pertinent department today, in 2020, 58% responded they don’t.
• 53% of the organizations in our survey hired new employees in roles related to innovation and/or Digital Transformation in 2021, which increased by 11% from 2020. In terms of personnel skillset, analytical and innovative thinking is the most important skill employees need to have in order to support an organization’s Digital Transformation journey. The same answer prevailed in 2020’s report. Nevertheless, only 50% of the respondents stated that they have taken part in an upskilling program in 2021.

This year’s report is sponsored by InfoQuest Technologies.

Read more highlights and download the full report (available in English only).