Digitalization implies using digital technologies to enhance a company’s business procedures, products and services. While there are many advantages to digitization, it also poses a number of problems.
Digitization may improve a company’s internal operations by eliminating manual tasks and reducing costs through automation. In addition , it can help a business gain clients or grow its existing customer base.
A key drawback to digitization is the fact that digital information may be easily altered and wiped. This can lead to errors and misunderstandings.
In addition , a company may become overly reliant on technology. This can cause a lack of human knowledge and reduce production.
The emergence from the digital economy has led to a fundamental shift in the manner firms produce and market their products and expertise. In contrast to traditional industries, which will rely on expense and labor resources for their products and companies, an electronic economy performs with proficiency.
Hence, it is necessary to have a apparent vision of what the digitalization of a organization will require and implement it logically.
The implications of digitalization on a firm’s value creation, proposition and capture were investigated in two different industries, the media and automotive industry, applying qualitative www.cloudycrowd.net/2020/03/23/business-digitalization-implications-and-solutions/ empirical data collected right from 12 essential informants. A conceptual environment based on dynamic capabilities was adopted to frame the empirical study (see Figure 1).
