Digital transformation processes

The social and technological change are meanwhile permanent companions of our professional everyday life. What is striking, however, is the intensity and the increasing speed with which we encounter the digital transformation processes.

Due to new technologies and innovations, there are significant market and industry changes as well as shifts in power within our social market economy in Germany and the EU internal market.

The effects of the digital transformation mainly affect the interactions between producers and suppliers with customers.

The newly developed, innovative business models, which tend to be more accessible between producers and customers, reflect the new formula for success with enormous price advantages in relation to the cost-saving effects.

(Prof. Dr. Peter Schulz)