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Managers attribute high digital competence to themselves

Managing directors and board members in companies in Germany consider themselves to have a high level of digital competence. As before, no one considers their own competence to be "insufficient.
E-3 Magazine
August 11, 2020
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This text has been automatically translated from German to English.

Around one in six (16 percent) rate their own digital competence as Very good, while one in three (34 percent) rate themselves as Good. On average, they give themselves the school grade Good (2.3).

However, there is also a fundamental skepticism towards new technologies and many lack the time to deal with them. A further 39 percent currently give themselves the grade Satisfactory, and only four percent Sufficient. This is the result of a representative survey of 603 companies from all sectors commissioned by the digital association Bitkom.

At the same time, 18 percent of respondents say they are rather reluctant to embrace technological innovations, and three percent even reject "increasing mechanization" and say they only use new technical devices or digital services if they can't avoid it.

"Digitization is a matter for the boss. Anyone who bears responsibility and even views digital technologies with suspicion is endangering the future viability of their company."

says Bitkom President Achim Berg.

"The Corona crisis has shown us the importance of digital technologies for our economy. Companies that are better digitized have a clear competitive advantage, especially in times of crisis."

The vast majority of managing directors and board members are very open-minded about digital technologies. A quarter (26 percent) deal extensively with new devices and digital technologies and are happy to use new products when they come onto the market.

One in two (53 percent) tend to be open to technological innovations and use them when there is clear added value. However, three out of four managers (73 percent) state that they often lack the time to deal with new digital technologies.

This is despite the fact that two-thirds feel that digital technologies make their private (70 percent) and professional (68 percent) lives easier. One in four (28 percent) sometimes feels overwhelmed by digital technologies.

One in five (21 percent) even fears losing sight of their core business as a result of their involvement with digital technologies.

"No one should blindly throw everything tried and true overboard and rely only on 'digital'"

says Berg.

"But everyone should at least be aware that in virtually all industries, the future of business models is digital. Not rushing into anything doesn't mean never taking the leap."

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Work on SAP Basis is crucial for successful S/4 conversion. This gives the so-called Competence Center strategic importance among SAP's existing customers. Regardless of the operating model of an S/4 Hana, topics such as automation, monitoring, security, application lifecycle management, and data management are the basis for the operative S/4 operation. For the second time already, E3 Magazine is hosting a summit in Salzburg for the SAP community to get comprehensive information on all aspects of S/4 Hana groundwork. With an exhibition, expert presentations, and plenty to talk about, we again expect numerous existing customers, partners, and experts in Salzburg. E3 Magazine invites you to Salzburg for learning and exchange of ideas on June 5 and 6, 2024.

Venue

Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

Tickets

Early Bird Ticket - Available until 29.03.2024
EUR 440 excl. VAT
Regular ticket
EUR 590 excl. VAT

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Venue

Event Room, Hotel Hilton Heidelberg,
Kurfürstenanlage 1,
69115 Heidelberg

Event date

28 and 29 February 2024

Tickets

Regular ticket
EUR 590 excl. VAT
The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.