The Implications of Digitalization on a Firm’s Worth Creation, Task and Record

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Digitalization implies using digital technologies to boost a company’s business techniques, products and services. While there are many positive aspects to this article digitization, in addition, it poses a number of troubles.

Advantages of digitization

Digitization may improve a company’s internal procedures by eliminating manual tasks and reducing costs through automation. In addition , it can help a company gain new clients or expand its existing customer base.

Cons of digitization

A key drawback to digitization is the fact that digital information can be easily revised and wiped. This can cause errors and misunderstandings.

Additionally , a company could become overly dependent on technology. This can lead to a lack of human experience and slow down production.

The emergence of this digital economic system has led to a significant shift in how firms produce and market goods and services. In contrast to traditional industries, which will rely on high costs and labor resources for their products and providers, a digital economy operates with proficiency.

Hence, it is important to have a clear vision by what the digitalization of a enterprise will include and implement it logically.

The ramifications of digitalization on a firm’s value creation, proposition and capture had been investigated in two eye-catching industries, the media and automotive industry, using qualitative empirical info collected via 12 main informants. A conceptual placing depending on dynamic capacities was followed to shape the empirical study (see Figure 1).

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