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The COVID-19 crisis prompted a surge in the digitalisation efforts of EU firms. According to a new report, Digitalisation in Europe 2022-2023: Evidence from the EIB Investment Survey, more than half (53%) of EU firms took steps in 2022 to enhance their digital presence, such as offering services online. The European Union has also narrowed the gap with the United States in adopting advanced digital technologies. In 2022, 69% of EU firms implemented advanced digital technologies, such as advanced robotics, big data analytics and artificial intelligence, compared with 71% of US firms. The gap has narrowed steadily over the last four years.
While EU firms have made substantial strides, US firms overall made more progress in digitalisation as a response to the pandemic,...
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