Digital Transformation is a key concept at the heart of the fourth industrial revolution bringing about immense social and economic changes. These changes are an opportunity to redefine and improve current business processes as they combine various technological solutions targeted to simplify processes and improve efficiency.

Business digital evolution can be organized into 6 categories:

1. Labour automation (increased speed, efficiency and reduction of error);
2. Information technology (hardware and software that reinforce processes);
3. Dematerialisation (triggers a positive information sharing cycle between employees, integration of activities and sharing of documents and all types of file)
4. Virtualisation (using hardware and software resources from a host system which remains anonymous to the guest’s operating system);
5. Cloud Computing (hardware, software and data archiving spaces located on the digital “cloud”);
6. Mobile (using mobile devices to intensify individual output and introduce concepts of increased availability and flexibility at work).

The ‘Internet of Things’ (+24% market growth in 2019) and the existence of Unified Communication and Collaboration (specially designed platforms to enhance remote working collaborative techniques such as audio/video conferencing, document sharing etc.) unite different technologies and increase productive output. This concept is defined as digitalisation.

Many government initiatives are available for digitalization projects:

• Hyper and Hypo depreciation techniques (overvaluation of investments connected to 4.0 transformation)
• Favourable credit terms for the purchase or leasing of equipment, accessories, installations, instrumental goods for productive use, hardware, software and digital technologies
• 4.0 training bonus (investment in staff training focused on ‘qualifying’ technologies);
• Innovation manager vouchers (non-repayable contributions for specialistic consultancy);
• R&D tax breaks (fiscal incentives for companies who invest in research and development).

Bearing in mind that digitalisation cannot be considered in isolation from a necessary legal framework, IUSINTECH in cooperation with qualified software houses, assists companies who wish to implement a legally compliant digital transformation strategy and benefit from financial measures such as fiscal reductions, special finance initiatives and grants for Industry 4.0 development.

We can also help to build online presence and a digital strategy focused on accurate communication and content, all in conformity with the law.