Digital transformation and SMEs: what regions can do
Digital transformation offers new business opportunities and can fundamentally change business models. But it affects the whole value chain from product development to sales. It requires an enterprise - wide change which is driven by digital technologies. The transformation process must be integrated into every aspect of the company. It should be supported by equally important amendments in culture, leadership, skills and processes. SMEs should proactively rethink their core businesses to adapt t o the challenges.