The Implications of Digitalization over a Firm’s Benefit Creation, Proposition and Catch

Notas de prensa

02 de febrero de 2023

Digitalization signifies using digital technologies to improve a company’s business processes, products and services. During your time on st. kitts are many positive aspects to digitization, it also poses a number of complications.

Advantages of digitization

Digitization can improve a company’s internal processes by eliminating manual tasks and reducing costs through automation. Additionally , it can help a business gain new clients or develop its existing customer base.

Cons of digitization

A key disadvantage of digitization is the fact that that digital information could be easily transformed and lost. This can bring about errors and misunderstandings.

In addition , a company may become overly reliant on technology. This can cause a diminished human experience and decrease production.

The emergence in the digital economy has led to a significant shift in how firms produce and market many and products and services. In contrast to traditional industries, which will rely on expense and labor resources for goods and offerings, a digital economy runs with effectiveness.

Hence, it is important to have a very clear vision as to what the digitalization of a company will entail and put into practice it smartly.

The effects of digitalization on a firm’s value creation, proposition and capture were investigated in two exclusive industries, the media and automotive industry, employing qualitative empirical info collected by 12 critical informants. A conceptual placing depending on dynamic capabilities was used to structure the empirical study (see Figure 1).