Digitalization in Portugal will have contributed to a 13% increase in GDP

by Andrea
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Digitalization in Portugal will have contributed to a 13% increase in GDP

In total, “the digital sector helps to sustain around 3 million jobs, generate 90 billion euros in gross added value and contribute 30 billion in tax revenue”, dand agreement with the professor at Porto Business School Filipe Grilo.

Digitalization will have contributed to a 13% increase in GDP and the (AI) is today the main driver of productivity and disruption, the authors of the study on the Impact of the Digital Economy in Portugal told Lusa.

Asked what data he highlights, Filipe Grilo, scientific coordinator of the study carried out by ACEPI and GoingNext, in partnership with Porto Business School, highlighted that this “suggests that digitalization has contributed to a 13% increase in GDP [produto interno bruto] Portuguese, 19% of employment and 13% of wages”.

According to the professor at Porto Business School, “This impact goes far beyond technology companies: covers all sectors that integrate digital tools into their operations”, from industry to retail, agriculture, logistics or tourism.

In total, “the digital sector helps to sustain around 3 million jobs, generate 90 billion euros in gross added value and contribute 30 billion in tax revenue”.

For example, the technological core alone – the so-called ‘pure digital sector’ – “already represents 500,000 jobs and 17 billion euros in added value, with a multiplier effect of 2.7 on the Portuguese economy: for every euro generated, almost triple the total economic value is created”, he continued.

“These numbers make it clear that digital is not just a sector, but a transversal engine of modernization and structural growth, with a direct and indirect impact on the entire economy”, said Filipe Grilo.

Portugal “it is no longer structurally behind in terms of access to technology, we have networks, we have software, we have infrastructures”, Now the challenge is “to use digital intelligently to transform business models, internal processes and the way value is created”, said the professor.

“And that is where a structural blockage continues to exist in Portugal – technology is often adopted, but it is not well integrated, it remains on the surface” and this blockage “is linked to a deeper problem: a chronic deficit in management quality, which is reflected in the difficulty in aligning people, processes and technology consistently”, pointed out Filipe Grilo.

The digital transformation “requires leadership with vision, ability to execute and clear metrics – and this cannot be solved with software, it can be solved with organizational competence”, he highlighted, noting that “it is on this level that institutions such as Porto Business School seek to intervene, helping companies and managers to develop the necessary maturity for digital to produce real results – not only in technological indicators, but above all in productivity, competitiveness and value creation”.

AI is the “main driver of productivity and economic disruption in Portugal”

Regarding the role of artificial intelligence (AI), Gabriel Coimbra, partner at GoingNext, pointed out that it is “today the main engine of productivity and economic disruption in Portugal, acting as catalyst for digital transformation in virtually all sectors”.

The study identifies that AI can be applied in three axes:

  • Automation and operational efficiency;
  • Creating value and new business models;
  • Structural transformation of the public sector.

More than three-quarters (77%) of companies use AI “already report concrete productivity gains, mainly through the automation of repetitive tasks, data analysis and improved customer service. But much more is needed, especially in terms of creating value and new business models”, he added.

On the other hand, “AI allows us to develop products and services based on data, real-time personalization and ‘as-a-service’ solutions, reinforcing national competitiveness, which is where we are furthest behind”, pointed out Gabriel Coimbra.

“The study concludes that Portugal has solid conditions to lead the new phase of digital innovation, with robust infrastructures, qualified talent and a business ecosystem increasingly prepared to integrate AI into its production processes, health, education and public administration, but it is necessary to further accelerate adoption and value creation in the short and medium term”, concluded the person in charge.

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