{"id":11309,"date":"2021-02-26T15:36:14","date_gmt":"2021-02-26T13:36:14","guid":{"rendered":"https:\/\/investors.bittnet.ro\/current-and-historical-financial-results\/preliminary-financial-results-for-fiscal-year-2020\/3-technology-division-in-2020\/"},"modified":"2021-02-26T17:59:31","modified_gmt":"2021-02-26T15:59:31","slug":"3-technology-division-in-2020","status":"publish","type":"page","link":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/3-technology-division-in-2020\/","title":{"rendered":"3. Technology division in 2020"},"content":{"rendered":"

Technology division in 2020<\/span><\/b>\u00a0<\/span><\/h3>\n<\/div><\/div>
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Cristian Herghelegiu, Vicepresident for Technology in Bittnet Group<\/span><\/h4>\n<\/div><\/div>
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\"\"While the pandemic introduced a real systemic shock in all the world’s economies, this shock was felt significantly differently from industry to industry and from company to company. In this difficult context, the ability of companies to adopt technology has, in many cases, made the difference between companies that have managed to overcome difficult times and those that have had to reduce and even close down<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n

According to the latest McKinsey study<\/span>, \u201c<\/span>Digital Challengers in the next normal<\/span><\/a>\u201d –<\/span> across the whole of Central and Eastern Europe (EEC), there has been an acceleration in the growth <\/span>rates<\/span> of digital economies. Practically 78% of the increase registered in 2019 was achieved in 2020 in the first 5 months<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n

Although in most cases the measures taken by companies were aimed at solving one-off problems in the short term (online labor migration, solving access to systems and data, securing platforms) – on the principle of urgency and without planning adequate budgets – we expect 2021 to mark a consolidation of these online communication systems \/ platforms \/ channels<\/span>.<\/span>\u00a0<\/span><\/p>\n

There was also a significant trend of digitalization of services to consumers – according to the same study at the EEC level – almost 12 million new users accessed online services (banking, e-commerce, public services); many of these new users have started accessing services through online platforms for the first time, and 70% of them intend to continue using them. This change also has a cultural (profound) dimension – the segment with the highest increase in the use of online services is that of the population over 65 years.<\/span>\u00a0<\/span><\/p>\n

During 2020, several directions were felt that influenced the evolution of the technology division of the <\/span>Bittnet<\/span> G<\/span>roup and that will make their presence felt in the following years:<\/span>\u00a0<\/span><\/p>\n