Pandemic forced Czech companies to speed up digitalization

Published: 01.06.2021 Related countries:  U.S.A. U.S.A.

PwC CEO Survey: Pandemic forced 92% of firms to digitize.

The pandemic prompted 92% of Czech companies to make greater use of digital tools. The cloud prevails and is considered the most important technology of the near future by 53% of respondents. Managers also expect a great future from artificial intelligence (40%), further automation of production (35%), the Internet of Things (27%) and 5G networks (26%). This stems from the PwC CEO Survey. 77% of companies have implemented new technologies. Digital leaders have increased their margins by 17% over the past three years and are 200% more likely to attract and retain new talent. PwC’s partner Olga Cilečková said 11% of companies want to reduce their long-term investment in digital transformation.

Source: CIA News, www.cianews.cz.

Prepared by the team of CzechTrade office in New York.