The digital economy is expected to be worth more than $100 trillion by 2025 but Irish companies risk missing out on opportunities because they are failing to fully embrace technology, according to new research from Microsoft.

The tech giant warns that organisations here need to transform their business model within the next two years if they are to make themselves future proof. However, it warns that many companies are confused about what to do in terms of adopting technologies such as data analytics and cloud computing that can make them more agile.