42% of German IT companies have insufficient liquidity
The German IT industry is one of the largest and most technologically advanced in Europe. Forty-two percent of German IT companies do not have a sufficient amount of liquidity, according to a survey by online business reports provider Creditsafe Deutschland. German IT companies
Across different sectors, 36 percent of German companies have liquidity problems. An excess of liquidity leads assets to shrink due to the current low interest rates. Too little liquidity, on the other hand, increases the risk of insolvency, it said. German IT companies
It offers a wide range of services and solutions, including software development, IT consulting, digital transformation, and data management.
The most common services provided by the German IT industry include:
- Software development: Custom software development services for businesses of all sizes, including web and mobile applications.
- IT Consulting: Providing advice and support on technology strategies, digital transformation, and data management.
- Cloud computing: Migration and implementation of cloud solutions, as well as management and support services.
- Cybersecurity: Protecting companies’ digital assets and data through security solutions and services.
- Business intelligence: Providing data analysis and reporting solutions to help businesses make informed decisions.
- Artificial intelligence: Development and implementation of AI solutions, including machine learning and deep learning.
- Internet of Things (IoT): Development and integration of IoT solutions to improve efficiency, productivity, and customer experience.
The German IT industry is known for its high-quality products and services, innovation, and commitment to digitalization. Many German IT companies have a global presence and play a major role in shaping the digital landscape.