Table 3.

Average impact of digitalization and one-way ANOVA test results by company size

Impact areaVery smallSmallMedium
MeanSDMeanSDMeanSD
Overall positive impact2.661.362.471.302.341.11
Digitization of processes2.641.582.321.402.001.51
Innovative products and services2.701.482.311.521.500.84
Closer/better relationships with customers, suppliers and partners2.941.402.621.552.331.21
Market share gain2.981.432.631.462.001.41
New business opportunities2.851.532.411.442.501.91
Notes:

Significant at ***p < 0.001; **p < 0.01; and *p < 0.05. Scale: 1-very low … 5-very high

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