Digitalization suggests using digital technologies to improve a company’s business processes, products and services. While there are many positive aspects to digitization, it also poses a number of problems.

Advantages of digitization

Digitization can easily improve a company’s internal operations by eliminating manual tasks and reducing costs through www.cloudycrowd.net/2020/03/23/business-digitalization-implications-and-solutions/ automation. In addition , it can help a business gain clients or increase its existing customer base.

Negatives of digitization

A key drawback to digitization is the fact that that digital information can be easily altered and removed. This can bring about errors and misunderstandings.

In addition , a company may become overly reliant on technology. This can result in a decrease in human competence and reduce production.

The emergence in the digital economic system has led to an elementary shift in how firms produce and market goods and companies. In contrast to traditional industries, which usually rely on expense and labor resources for many and offerings, a digital economy performs with proficiency.

Hence, it is vital to have a crystal clear vision with what the digitalization of a enterprise will implicate and implement it smartly.

The significance of digitalization on a firm’s value creation, proposition and capture were investigated in two exceptional industries, the media and automotive industry, applying qualitative empirical data collected right from 12 main informants. A conceptual setting depending on dynamic capacities was followed to shape the scientific study (see Figure 1).