Industry Digitiser 2024

Objective

Provide recognition to Estonian companies that have accomplished significant process and organisational innovation, technological capacity, productivity, sustainability as well as competitive advantage via automation, digitisation or deployment of robots.

Who can apply?

Applications are welcome from the following: Estonian industrial companies that have successfully implemented automation, digital technologies and/or the deployment of robots in their projects in the past two years and who have also increased the company’s productivity and added value.

Evaluation criteria and process

The following economic indicators are evaluated (comprising 40% of the final result):

  1. Increase in sales revenue in percentage in 2021-2023 (10%)
  2. Added value1 percentage growth per employee 2021-2023 (10%)
  3. Percentage of investments in intangible assets in sales revenue in 2023 (20%)

 

The enterprise must show a significant achievement in the following areas (comprising 60% of the final result):

  1. The company has deployed a unique or prominent digitisation solution; the introduction of which has enabled a change in the business model, provided a competitive advantage and increased added value. (20%)
  2. The company has a development team – a manager or department whose daily work routine is to build needs-based digitalisation solutions. (10%)
  3. The company has created and deployed an innovation management model/system, articulated strategic goals for digitalisation and created metrics (10%)
  4. An overhauled business model that provides the company a competitive advantage in foreign markets (10%)
  5. The company has created or deployed and disclosed the following operating sustainable principles: SDG2, ESG3 and Green Key4 or general sustainable operating principles (10%)
  1. Added value per employee = (labour costs including taxes + depreciation of fixed assets + business profit) / number of employees
  2. SDG or the Sustainable Development Goals were adopted in 2015 by the United Nations as a call to end poverty, protect the planet and ensure that by 2030, all people have peace and well-being. See more: https://sdgs.un.org/goals.
  3. ESG or Environmental Social and Corporate Governance – an environmental, social and corporate governance framework that is integrated into an organisation’s strategy to consider the needs of all organisational stakeholders (such as employees, customers and suppliers and financiers) and find ways to create more value for them. It can be considered a set of management measures and standards through which it is possible to manage the impact of a company and its products and/or services on the environment, people and the economy.
  4. Green Key is an international eco-label given to accommodation establishments that follow the principles of sustainable development. Only establishments that comply with strict rules, which are checked by regular inspecting visitors, earn the label. See more: https://www.greenkey.global/