Service Economy Revolution and Digitalisation – Finland’s Growth Potential

Abstract

The purpose of this report is to highlight services as one of the key issues in the debate on Finnish well-being, in addition to industry and digitalisation. The effects of digitalisation on the service sector are as strong as those it has on industry; it increases profitability and changes competition conditions e.g. with the adoption of service platforms. As the service sector covers such an extensive share of activities, the need to be prepared for changes is emphasised, as the effects of digitalisation can be significant. For this reason, policy measures that support structural change are essential.