Digitalization

Hungary: Lack of skilled workforce slows down digitalization

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Where hardworking, professional hands are still needed

Domestic companies tend to increasingly feel that the circumstances for implementing digitization related enhancements have improved. In addition, they also feel that they are more prepared to take further steps. However, this process is significantly held back by one factor, which is the lack of workforce.

The lack of a highly trained workforce still has a complex negative impact on the digitization efforts of companies. Planned enhancements are harder to carry out, but trained workforce is also needed for the everyday operation of areas that have already been digitized.

The fact that digitization is otherwise powerfully transforming the labor market does not have a fundamentally helpful effect in this regard, as its dominant area, automation does not decrease the total number of jobs, but merely transforms them. In addition, experts from Siemens believe that it may even increase the headcount, especially in IT type areas, where labor shortage is even more severe, if possible.

Small companies have yet to see the competitive edge in digitization

A high level of digitization mostly appears in the energy sector as a competitive advantage, where 30 percent of stakeholders attribute a medium level of competitive advantage to the process, with two-third believing this to be on a high level. Digitization represents the lowest competitive advantage to small enterprises, as they typically do not compete on an international stage.

"Digitization is the driving force of growth." - Dale A. Martin, CEO of Siemens Hungary
"Digitization is the driving force of growth." - Dale A. Martin, CEO of Siemens Hungary
(Source: Siemens AG)

“Digitization is the driving force of growth, making it possible for companies to make their operations more efficient, flexible, and fast, which is essential in today’s market environment. And the true competitive advantage of digital transformation will be possessed by those that recognize it and are able to leverage the numerous new inherent business opportunities”, said Dale A. Martin, CEO of Siemens Zrt., speaking about the survey.

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