The Implications of Digitalization on the Firm’s Value Creation, Task and Get

Digitalization indicates using digital technologies to enhance a company’s business operations, products and services. While there are many advantages to digitization, in addition, it poses this article a number of concerns.

Advantages of digitization

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

Cons of digitization

A key disadvantage of digitization is the fact that that digital information may be easily re-structured and wiped. This can result in errors and misunderstandings.

In addition , a company can become overly reliant on technology. This can lead to a loss of human know-how and lessen the pace of production.

The emergence of your digital overall economy has led to an elementary shift in how businesses produce and market many and expertise. In contrast to classic industries, which will rely on expense and labor resources for goods and products, searching for economy works with performance.

Hence, it is important to have a obvious vision of what the digitalization of a organization will require and use it smartly.

The ramifications of digitalization on a firm’s value creation, proposition and capture had been investigated in two special industries, the media and automotive industry, using qualitative empirical data collected coming from 12 major informants. A conceptual setting up based upon dynamic capacities was implemented to body the empirical study (see Figure 1).

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