The Digital Transformation of Industry – The Benefit for Germany

Abstract

Mobile Internet, social media and digital services have become part of our daily lives. The era of the Internet of Things—the network of products and machines—is just beginning. Entire value chains are being transformed by digital technology, some of it evolutionary, some of it disruptive. Anything that can be digitized will be digitized. Are Germany and Europe at the forefront of this movement? A study by Roland Berger Strategy Consultants on behalf of the BDI concluded that the digital transformation could add around 1.25 trillion euros to Europe’s industrial value creation by 2025—but could also diminish it by 605 billion euros.