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Information and communication technology is a decisive driving force for companies and society. This is the main result of the new “LIFE 2” study conducted by Professor Dr. Tobias Kretschmer of the Ludwig Maximilian University of Munich.

According to the study, ICTICT

Information and Communication Technology. These two terms began to be combined in the 1980s to emphasize the growing convergence between the two technologies.

is a prominent factor for innovation and competitiveness at the corporate level: Major trends like cloud computing, virtual cooperation, decentralized working, and green IT will continue to establish themselves on the market. Almost two-thirds of the surveyed ICT executives (64%) are of the opinion that ICT plays an important role as a promoter of new business models in the overall economic environment.

In addition, intelligent ICT solutions will be significant for the future development of important social functions such as education, energy supply and the health care system. For example, three out of 10 ICT executives in the health care sector believe that the biggest advantage of increased use of ICT in health care lies in improved treatment quality. In the energy industry, 68% of surveyed consumers assume that intelligent electricity meters (smart meters) will play an important role in households in five years.

The author of the international “LIFE 2 – Connected Work in the Economy and Society” (“LIFE 2 – Vernetztes Arbeiten in Wirtschaft und Gesellschaft”) study is Professor Dr. Tobias Kretschmer, Director of the Institute for Communications Economics at the Ludwig Maximilian University of Munich. The study has a comprehensive design that combines broad quantitative surveys of a total of 1,559 ICT executives, 1,009 IT users in companies and 1,336 consumers with a qualitative survey of expert opinions from science and industry.