DIGITAL TRANS FORMATION IN GREECE 2020-2021 Accelerated change in a time of a global crisis
ANNUAL REPORT CON FOREWORD
TENForeword 03 The times we live in, in an unprecedented global In the following pages, we will not only talk about About EIT Digital 04 health crisis, call for hard work and creative the challenges and the difficulties, but we will also solutions. They demand forward-looking and look towards the future. We will set a framework About Found.ation 04 quickening. They demand outgrowing our for the aspects of Digital Transformation that are Objective & Methodology 05 “containers” and venturing out to uncharted the most tangible for the year to come and yet the TS Editorial 06 waters. We will navigate through as we have done most important for future-proofing enterprises so many times before. for a long time after. And most of all, we will share Introduction to Digital Transformation the voices of the people working on or driving the Customer Behaviour Change 07 Sometimes, it takes an unfortunate event to shake digital projects within their organizations, as our things up and make us move forward. As it needs User-Centered Innovation 08 annual survey sample includes highly experienced a violent eruption to create new land. This is one of professionals from Greek enterprises. New Ways Of Working 09 those times. Organizational Redesign 10 There’s a Japanese proverb saying “Fall seven 11 Perhaps it is not that we were unprepared for times. Get up eight.” Are you counting? Futureproof Your Business such a line-up of unfortunate events. It’s that we Digital Transformation 2021 were late. Digital Transformation has begun a few Global Trends 12 years before for many companies, and yet they Digital Transformation in Greece: The country’s digital profile 13 too were left unguarded at some points. If we had proceeded more efficiently, we would be less The Public Sector 15 surprised and less stressed. A statement from the Ministry of Digital Governance 17 A statement from Greece’s Chief Creative Officer 18 We often forget that this was not the first time. Just a few years ago, our country had to take Digital Transformation in the Private Sector 19 extreme measures to safeguard the national Case Studies economy. Only then, thousands of Greeks got to know and eventually enjoyed using digital services Greek Tourism Confederation (SETE) 30 such as e-banking – which took off in 2015 even Kotsovolos Dixons South East Europe 32 though being around for almost 15 years. Five The times we Key takeaways and Suggestions 34 years later, we have few reasons to visit a local live in, in an branch, as our smartphones can open the door to almost all banking services offered today. unprecedented
History is repeating itself this year, as the global crisis, call majority of the business world jumps on the digital for hard work and wagon. Were they prepared? Not entirely. Did they succeed? In some cases. Could they have creative solutions. succeeded? Definitely yes. THEY DEMAND FORWARD- LOOKING AND QUICKENING.
Digital Transformation in Greece 3 Objective of this report & ABOUT METHODOLOGY
Found.ation prepared this report to provide an WHAT’S NEW? EIT DIGITAL FOUND.ATION invaluable scope of the Greek business ecosystem. Also, it offers important insights and examples For the fourth version of this report about Digital EIT Digital is a leading European digital innovation Found.ation is a leading startup-enabling platform on up to date practices, examines how much Transformation, Found.ation conducted once again and entrepreneurial education organisation driving for tech-oriented products & services in SE companies and large organisations have adopted a survey completed by industry stakeholders Europe’s digital transformation. Its way of working Europe, a digital transformation accelerator for Digital Transformation procedures, and pinpoints from various Greek and multinational companies embodies the future of innovation through a pan- corporations and a tech education hub. the reasons for any delays. The report follows that operate in a broad spectrum of sectors. The European ecosystem of over 200 top European purpose of the survey was to examine how much Found.ation helps brands embrace Digital the strategy of selected large organisations corporations, SMEs, startups, universities and companies and large organisations have adopted Transformation by disrupting every sector of their that operate in the country and aims at drawing research institutes, where students, researchers, Digital Transformation, and identify the extent operation, unlocking potentials and resources, attention to the need for transformation. engineers, business developers and entrepreneurs of knowledge that individual employees have, setting the foundations for future development collaborate in an open innovation setting. This Instead of trying to define what Digital regarding Digital Transformation and its practices. and accelerating growth, based on innovation. pan-European ecosystem is located in Amsterdam, Transformation is, the report focuses on key points This year’s questionnaire also focused on the We connect brands, startups, business leaders Berlin, Braga, Budapest, Brussels, Eindhoven, that summarize the strategies most commonly challenges imposed by the COVID-19 pandemic, and young talent in order to create a successful, Edinburgh, Helsinki, London, Madrid, Milano, practised by industry leaders. But we need to to examine how it affected companies and their future-ready entrepreneurship ecosystem in the Munich, Nice, Paris, Rennes, Stockholm, Trento, and provide a context, to understand the frame in employees and how digitally prepared they were. tech space and across various industries. San Francisco. which Greek companies operate. A brief review of Therefore, this updated version offers a better developments in Europe and the world, as well as a look into the transformation from the employer’s As a Knowledge and Innovation Community of the The Found.ation team strongly believes in the summary of the Greek economic and digital indexes, point of view and provides more data to help us European Institute of Innovation and Technology interaction between established corporations and follows. understand the situation in the country. (eit.europa.eu), EIT Digital invests in strategic areas startups. One of the key roles of Found.ation is to highlight these opportunities for cooperation to accelerate the market uptake and scaling of The major limitation of this report is access to As we do each year, in 2020 we have also selected between these two polar opposites. It already research-based digital technologies (deep tech) data, as digital transformation is not easily two Greek organisations whose strategic approach works with companies and organisations such as focusing on Europe’s strategic, societal challenges: measurable. Similar reports focused on the region to Digital Transformation can be viewed as Eurobank, Papastratos - PMI, Microsoft and the Digital Tech, Digital Cities, Digital Industry, Digital are usually based on quantitative research; mostly interesting case studies: Kotsovolos (Dixons South- Municipality of Athens. Wellbeing, and Digital Finance. EIT Digital breeds questionnaires sent to companies. This report is East Europe) stands always on the front line of T-shaped entrepreneurial digital talent focused on In 2016, Found.ation started cooperating with partly based on and refers to their findings but goes technology, and SETE (Greek Tourism Confederation), innovation through a blended Education Strategy EIT Digital, under the ARISE Europe Programme, beyond that in an attempt to give a good indication which had to help the Greek Tourism sector that includes a Master School, an Industrial with the objective of strengthening the Greek of insights and outlooks of the Greek landscape, overcome great obstacles amidst the pandemic era. Doctoral School and a Professional School. startup ecosystem and enhancing the Digital its needs and perspectives. We have conducted The report includes a statement from the Minister Transformation of local corporations even further. a research of our own, targeting a very specific of Digital Governance to provide a scope of what Through the implementation of common, well- sample – namely business executives of large comes next for the Greek business ecosystem, structured initiatives the aim of the collaboration companies that operate in Greece. In the ‘Private from the government’s point of view. Also, to offer is to initiate discussions and enhance cooperation Sector’ chapter, the report presents infographics a fresh perspective on what drives innovation in between small and big companies. This will help and data in charts that come from this research. Greece today, it includes an interesting op-ed from both startups expand and grow and corporates www.eitdigital.eu the Chief Creative Officer of Greece. adapt and evolve. Currently, the collaboration has been extended to include Cyprus, Romania, Albania and Bulgaria.
www.thefoundation.gr
Digital Transformation in Greece 5 Introduction to Learnings from a DIGITAL PANDEMIC TRANSFORMATION
This year was all about to create a crystal-clear vision of change, align 2020 has been a challenging year in so many As always, no transformation can succeed unless learnings from our their teams and lead the transformation. fronts. Humanity has been enduring continuous relying on the empowerment of the people at COVID-19 experience – both stress caused by the COVID-19 outbreak. the core of the business organizations. In the good and bad. Threats we Accelerated digital transformation is only half of Experienced by all, this has been altering the way following pages, we will explore the most current the story. To keep moving and overcome any other never may have expected individuals, groups and organizations have been aspects of the long-term journey we call Digital obstacle life throws at us, we need to gain inertia. or planned; threats that operating. It has been a time full of unexpected Transformation, the key points the leaders of this We need to future-proof our businesses. The only can be ferocious and with events and changes, a very difficult and precarious process need to focus on right now. long lasting consequences way to do this is through innovation. situation that, seen through an optimistic lens, can kept us stressed and Lesson four: just as we thought the worse was bring home lessons of how to operate in uncertain worried. behind us, the first wave of the pandemic hit the and unexpected environments. CUSTOMER On the other hand, we shore. Then another wave came and along with it Digital Transformation has been the main turn the BEHAVIOUR CHANGE Filippos Zakopoulos the need to build smarter breakwaters. world has taken; 97% of businesses report that Managing Partner, learned that transforming Found.ation is not as impossible, risky, COVID-19 has sped up this shift, accelerating their We need to build on these learnings. We need 1 COVID-19 afflicted businesses in several ways. or difficult as we imagined. digital communication strategy by 6 years . As we to understand that technology is a way forward The two most influential factors considering Digital Entire departments moved to remote working in will see in the following chapters, this holds for the to tackle uncertainty. User centered design and Transformation have been the new behaviour a just a few days or weeks, different channels Greek enterprises as well. consumer behavioral analysis is paramount, and developed by end customers and the actual way created to communicate with consumers, different organizational restructuring is inevitable. Our But businesses are not the only ones to enter a businesses carry out their work. business propositions explored. existing companies’ structures are obsolete. rapid transformation phase. Customers, the driving force of every business sector, have changed, too. The pandemic affected purchasing habits, Lesson one: Change is possible and, as it became Everything designed before was designed long The way everyone works has been disrupted. The preferences in products and services. Reports obvious from the pandemic crisis, mainly the ago. Practically, in the beginning of the previous tools and services used have moved to the cloud; indicate there has been a radical adoption of resistance to change of people and the non- century with the management revolution. It now the employees have been forced to immediately the digital, covering an uptake of a “decade aligned common strategy and direction hinders needs re-evaluation and a start over. upgrade their technical and digital skills; in days”, with, for example, 20 times more it. In the case of COVID-19, the threat was obvious communication with the clients and customers had videoconferencing participants in 3 months and an and universal, hence the alignment was easier and to be quickly and swiftly customized. It is time for increase of e-commerce over 8 weeks, equivalent faster with impressive results. organizational structures to adapt to the demands of an earlier 10-year projection2. The digital revolution can be accelerated in two of this peculiar era. ways: with carefully designed and impeccably executed long-term strategy or with a leap of faith. In March and April of 2020, millions of people rushed unprepared into a new digital reality. commerce ta e o ing to D s earlier re ictions
Projects that normally take months or years to implement happened in a matter of weeks. Not ctual Pro ection without problems, but with impressive speed and decisiveness.
Lesson two: speed is important; speed can give a
head start. take-up
The fastest runner only wins at short races. Efficient management of stamina, strategy and resilience get a runner to the finishing line of a marathon. 2020 2022 2024 2026 2028 2030
Lesson three: even if an organization wins the first
round, it has to strengthen for the next obstacles, 1. Twilio, COVID-19 Digital Engagement Report, June 2020, www.twilio.com/covid-19-digital-engagement-report to future-proof itself. Most of all, our leaders need 2. McKinsey & Company, How COVID-19 is changing consumer behavior – now and forever, www.mckinsey.com/industries/retail/our-insights/how-covid-19-is-changing-consumer-behavior-now-and-forever#
Digital Transformation in Greece 7 During the pandemic, the online has not just been which makes for an interesting debate on whether the inclusion of users in the transition process the the workplace but has additionally been the main responsible production and consumption goals more successful the Digital Transformation of an NEW WAYS place for households to seek entertainment, of the UN are much more within reach due to the organization is. OF WORKING learning and DIY activities. On a par with this trend pandemic8. Customer Experience of living more time online, shopping has equally In addition, longer exposure to digital domains, reached new heights, with mobile increasing Outside of the business, Digital Transformation products and services, led consumers to appreciate Other than generating ideas, employees carry in popularity as much as 45%3. However, most involves the people who benefit from its the importance of the online experience. They can the main task of delivering them through their customers focused their purchases on basic offered product or service: the customers. Each now draw parallels between different vendors’ tools and workspace. The workplace has been consumer products, covering basic needs such organization ought to look at new opportunities to a front open to changes and vulnerabilities due digital experiences and can articulate their as personal health, health of friends and family grow in the digital world, omnichannel touchpoints to the uncertainty raised from the pandemic. preference. For this reason businesses ought to and food and medicine safety4. In contradiction, to reach customers and create unique and Studies both in the UK11 and the US12 indicate that consider user-centricity and personalization of the the once high performing sales of clothing and seamless experiences to remain in the forefront several jobs across various sectors have become experience, based on consumer needs9. footwear dropped by 51%, possibly a ripple effect of the buying preferences, thus making Customer vulnerable either due to their proximity to the of consumers spending less than before COVID-19, Experience (CX) a core matter in the R&D process virus spread zones or due to the changes that due to the drop in household income5. The same USER-CENTERED of Digital Transformation. have come into place to restrain the spread of consumer behaviour patterns were observed in the pandemic. For businesses with operations and Ideas Management Greece. All fashion purchases dropped by 35.40%, INNOVATION processes that permitted it, once the prospect of whilst Hobby and Sports accessories saw a rise of Employees, as the interface between the lockdowns became evident, it was common sense 70.40%6. customer and the business product or service, to move to remote working. This new operational User Centricity are ideally positioned to identify opportunities, way, “working from home” (WFH) or “working from Reports show that owing to the virus, the interests 13 Today, in the forefront of the development of best and worse practices of how the customers anywhere” , was made possible as businesses of consumers towards three long-term trends digital technologies, specialized software and are responding to offerings and features. For had technological tools in place to immediately have accelerated: the health and well-being robust hardware should work the way they are this reason, ideas management tools ought to be implement plans that could support remote sector, where consumers lead healthy lifestyles, collaboration, decision-making and project delivery. designed to. considered and in place, as nets for catching the conscious consumption, where consumers choose greatest and most promising in-house ideas. As These businesses maintained a level of operational sustainability and quality over quantity, and As users of a business product or service we straight forward as they may be considered, the readiness, as 68% of them report they had the the focus on everything local, as in the place can identify the company’s employees and its mindset they require transcends soft skills. required technology in place14. Adapting to this of production, sales and consumption7. These stakeholders as well as its customers. This is why a These have been discussed more at length in our new Work From Home (WFH) reality has not been long-discussed trends have been arguments pro user-centric approach is of paramount importance most recent white paper10. easy for all. sustainability and the green movement for years, in any Digital Transformation process. The greater