Based on these changes in environment, rather than the size of balance sheets of banks, factors such as global IT platforms, the huge volumes of big data, and widely used algorithms might become more systemically important from the viewpoint of financial stability.
As they do so, the additional investment risks will need to be understood and managed. Productivity and the digitalisation of our economy A fifth area where the pandemic is leaving a mark is in the digitalisation of our economy. In some areas, progress that otherwise would have taken years has been made in a matter of months.