Business digitalisation for companies
With digitalisation, companies gain access to new technologies, big data, and new business models based on these assets. For consumers and corporate customers, this means new products and services that blend the physical with the virtual.
Software products and data sets form an increasingly essential business resource, particularly in the platform economy, in which companies can generate billions in revenue with quite modest physical resources.
Digitalisation underlines the significance of services and networked business practices, both in commercial and industrial operations. Apart from developing and implementing new technologies, companies must utilise their immaterial capital, ensure the global scalability of their products and services, design new business models, and establish connections with innovation and business ecosystems and digital platforms.
Activities in all these areas are fostered through programmes funded by Tekes (the Finnish Funding Agency for Technology and Innovation) and Finpro, and research know-how is provided by the Technical Research Centre of Finland (VTT). All this is closely connected to EU- and international-level activities.
Currently relevant technologies that support the development and increase of business include:
- work phase automation
- machine learning
- artificial intelligence
- big data analysis
- virtual and enhanced reality
- blockchain technologies.
The efficient utilisation of digitalisation requires change readiness from companies and new competencies from employees.
Continuous learning on the job and changing careers will play an increasing role in the world of work for everyone.
MEAE promotes business digitalisation in the following ways, among others:
- Finland’s artificial intelligence programme
- Platform economy roadmap (the government’s spearhead project)
- Measures to boost the cyber security business
- Developing space technology to support business
- Blending digitality and design as a competitive factor for business
- Smart traffic increase programme
- Growth strategy for the healthcare industry