Creating Value in the Digital World

Balzer, Raphaela; Vojtková, Anna

doi:10.1007/978-3-031-22426-3_7

Cited by 1 publication

(1 citation statement)

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“…Agriculture, as a traditional sector, faces the challenges of the modern digital era with regard to the ways of sustainable creation and capturing of value. Key factors for tackling these challenges are investments in new digital technologies and software experience [9], which will allow the sector to become more flexible and adaptive to the new market conditions. The authors have also found that for the digitally mature market agents, the investments in intangible assets are twice to thrice as high as the average for the industry, which contributes to lifting the levels of whole profitability and improvement of the firm output compared to non-digitalized participants.…”

Section: Introductionmentioning

confidence: 99%

Effects of Digitalization and Intangible Assets in the Crop Production Sector

Stoyancheva,

Doncheva

2023

SHS Web Conf.

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In economic research, the introduction of digital innovations in agriculture is identified as a critical factor for changing business models in terms of creating economies of scale, improving productivity and efficiency within a single farm, and creating and capturing value in the agricultural sector. The present study attempts, on the one hand, to systematize the effects of digitalization processes in relation to the crop sector from available research. On the other hand, it analyses empirical data of crop farms through the lens of digital transformation. An econometric analysis was carried out, using data from enterprises from the crop growing sector that carry out costs related to innovation activities. The scope of the study covers a period of five years.

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Section: Introductionmentioning

confidence: 99%