Bloomberg Adria Digital Transformation Summit: From Digital Visions to Real Changes

The Bloomberg Adria Digital Transformation Summit brought together top experts, researchers, entrepreneurs, and decision-makers to promote the exchange of knowledge, ideas, innovations, and best practices in digitalization, advanced technologies, and innovations in both the private and public sectors. It provided participants with insights into the latest trends, challenges, and solutions while encouraging the establishment of important connections with key players in the field.

In today's rapidly changing world, where new technologies bring greater and faster changes than ever before, companies face challenges in achieving full effects and improving business results through the use of new technologies. Approximately 70% of digital transformation projects still fail to achieve their goals and, despite significant investments, often lead to even greater losses. But how do projects that achieve their goals improve a company's business performance?

The Bloomberg Adria Digital Transformation Summit focused on successful stories, challenges, and ways to overcome them in a development based on new digital technologies, approaches, and pioneers of digital trends.

During the event, Niko Medved presented the key advantages of digitalization and automation at Skaza.

• Thanks to digitalization and automation, we reduced operating costs by 8% in 2023, leading to shifts in profitability and performance.
• The results of digitalization indicate improved company profitability - EBITDA increased by 3% last year, and this year we expect an additional 18% increase in EBITDA at the same sales level, as emphasized by Medved. However, we are striving for gradual improvement over time.
• Artificial intelligence represents the digitalization of job roles in the jury. Those who learn to harness its potential and complement it where it falls short will significantly save time.
• It is crucial for manufacturing employees to recognize the advantages of automation and robotics, as this enables a transition to more demanding and creative roles.