Erkki Liikanen: Digitalisation – old game, new rules or an entirely new game? Remarks by Mr Erkki Liikanen, Governor of the Bank of Finland, at the Payments Forum, Helsinki 10 May 2016. *  *  *  Digitalisation and the economy Digitalisation means wide-ranging use of information and communications technology in the renewal of business models.
Digitalisation is a technological change that both enables new ways of doing things and introduces new instruments to all the sectors of the economy. Long-term economic growth and the rise in the standard of living are based on improvements in labour productivity. Digitalisation can be an important factor in this equation. Productivity growth means that we achieve more with the same resources.