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The majority of Spanish small and medium-sized companies, with a number of employees between and face significant challenges in the digitalization of their businesses. They lack understanding of digital processes, do not have personnel trained in the relevant technologies, encounter obstacles in accessing financing and have limited resources to carry out online sales. These are the conclusions of a detailed report titled "Digitalization of Spanish SMEs," published by the European Investment Bank (EIB) last December with the support of COTEC Spain and Oliver Wyman.
This analysis serves as a starting point to examine the current situation. Santiago , director of Financial Studies at highlights that many SMEs show a low profile in terms of processes and digital management. This deficit, according to him, is due in part to a legacy in which technology has not played a crucial role even at the Phone Number Data level of management and operational efficiency. Patricia Fernández, head of EIB Advisory Services for Spain, highlights the need for a change of approach in the mentality of SMEs. This shift implies a greater willingness and ability to dedicate time and resources to digitalization, as well as improved access to finance and a national push for digitalization.
Although Spain ranks eleventh among EU Member States in terms of digitalization, Spanish SMEs are still not fully exploiting the potential of e-commerce. Digitization of SMEs in Spain: Challenges and opportunities in the digital century image Carbó points out that it is essential that entrepreneurial talent is directed towards more promising areas. Although Spain stands out in areas such as infrastructure, talent and electronic administration, the digitalization of SMEs continues to be a challenge due to a certain lag. The EIB report reveals that only of Spanish SMEs plan to invest in digitalization in the next three years, despite a government plan of billion euros for this purpose.
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