Strategy for Digitalization Is Lagging

The third Future of Controlling study from the WHU Controller Panel shows that digitalization is now at the top of the agenda in many companies. In terms of expected importance in 2022, digitalization topics such as data management, digital literacy, self-service reporting, and digital business models are among the top 10 future topics – thus replacing cash orientation, compliance, and behavioral controlling.

However, although digitalization is an important topic in most companies, the WHU Controller Panel indicates that companies still have a long way to go in terms of investing in and creating strategies for digitalization. Only half of the companies have a strategy for digitalization in controlling. Only approximately one in ten respondents rated their company’s financial investment in controlling as sufficient. Members of the WHU Controller Panel receive an exclusive, detailed report of study results for all panel studies. Participation is free of charge.

Professor Dr. Utz Schäffer and Professor Dr. Jürgen Weber