Boosting EU Economy through Digital Transformation: Strategies and Benefits

The European Union could potentially reap €628 billion annually by accelerating the digitalization of small and medium-sized companies (SMEs) across 15 EU countries. The article discusses strategies for successful digital transformation, emphasizing the importance of digitalization for businesses and providing examples of frictions and digital solutions. It also highlights the role of monetization in digital transformation and the growth of the global digital subscription economy.