Digitalization suggests using digital technologies to enhance a company’s business functions, products and services. While there are many advantages to digitization, it also poses a number of strains.
Digitization may improve a company’s internal operations by eliminating manual tasks and reducing costs through automation. Additionally , it can help a corporation gain new clients or develop its existing customer base.
A key disadvantage of digitization is the fact that that digital information may be easily modified and removed. This can bring about errors and misunderstandings.
Additionally , a company can become overly reliant on technology. This can result in a loss of human competence and decelerate production.
The emergence of this digital economy has led to a significant shift in the way businesses produce and market their products and providers. In contrast to classic industries, which will rely on expense and labor resources for goods and solutions, a digital economy manages with proficiency.
Hence, it is important to have a distinct vision as to what the digitalization of a provider will implicate and use it intentionally.
The implications of digitalization on a firm’s value creation, proposition and capture had been investigated in two exceptional industries, the media and automotive industry, applying qualitative empirical info collected from 12 critical informants. A conceptual setting up www.cloudycrowd.net/ depending on dynamic features was implemented to structure the scientific study (see Figure 1).