Munich, 12.06.2019 – Last week a delegation of 15 representatives from the German-Baltic Chamber of Commerce, situated in Tallinn, Estonia, travelled to Germany and visited OMMAX’s headquarter in Munich. The participants of the delegation completed a one-year program on digital transformation and met our team in order to exchange experiences and best practices in the field of digital business.
During their three-days-stay they visited German institutions and companies that are known to be digital pioneers and for driving digital transformation. Amongst OMMAX the delegation met partners like Siemens Digital Factory, BMW, Siemens or the Institute for social scientific research.
At OMMAX the delegation met with Partner Dr. Stefan Sambol for a presentation on the OMMAX way of digital transformation followed by a lively discussion on the state of the art of digital marketing and skills needed in today's digital labour market.
Core topics of the discussion where:
- What is a significant definition of digital transformation?
- Why do 80 percent of all digital transformation projects have a high risk of failing?
- What organizational requirements are needed in order to reduce this risk?
- What are regulatory hurdles in German speaking countries for digital innovation, e.g. for start-ups in the health-tech or e-health industry?
- How can you measure customer sentiment in digital channels to identify trends and test new digital products?
- The highly skilled talents in the area of data science in Estland
Dr. Stefan Sambol emphasizes the importance of German-Baltic business relations:
„Estonia has a very fast growing digital market. Despite having only 1.3 million inhabitants its investment ratio is at 24 percent whereas Germany’s is at only 20 percent. The founders and programmers of the most used digital tools like Skype, TransferWise or Hotmail come from Estonia. With 99 percent of the country covered by a free-of-charge wifi network and digital government services Estonia is seen as one of the most digitized countries in the world.“
About the German-Baltic Chamber of Commerce
The German-Baltic Chamber of Commerce in Estonia, Latvia, Lithuania, also known as AHK Baltic States, is the official representative of German businesses in the Baltic States. One of the AHK's most important tasks is to consult German and Baltic businesses when entering the Baltic or German markets and to give support in creating new business ties. The AHK Baltic States, whose field of activity encloses the entire region, With 430 member companies it is the largest German-Baltic business network.
About OMMAX – Digital Solutions
OMMAX – Digital Solutions is a digital strategy consultancy based in Munich, Hamburg, and Berlin, specializing in sustainable digital value creation whilst catering to an array of mid-sized companies, large enterprises, and more than 30 PEs around the world. Composed of >150 employees and with >700 projects in the fields of digital strategy, digital operational excellence, data science, and transaction advisory services, OMMAX is a forerunner concerning holistic data-driven strategy consulting and end-to-end execution of digital solutions.
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Do you want to know more about our experience in transaction advisory? Get in touch with Dr. Stefan Sambol