Digital Futures, Digital Transformation

The Characteristics of Digital Entrepreneurship and Digital Transformation: A Systematic Literature Review

“…All around the world, companies across all industries are comprehending the importance of digital transformation to the sustainability of their profits and their continued existence and prosperity [6]. Therefore, business functions, such as sales, marketing, human resources, operations, finance, research and development and customer support need to be transformed into the digital environment [7]. Gale and Aarons [22] studied companies which had undergone digital transformation and found that they are able to gain competitive advantages by simultaneously lowering their expenses, innovating and becoming more organized and competent.…”

“…Additionally, true mastery of an organisation's supply-chain activities will arise from digital transformation [23]. As a result of this digital transformation necessity, companies need to design and create strategies in order to make digital transformation possible [6,7]. A digital business strategy can be described as a corporate strategy designed, created and implemented making use of digital resources to create new and unexploited worth [24].…”

“…Digital transformation can be defined as companies who alter their operations, and, in broader terms, it can also refer to the persistent change of our civilization through the use of technology [6,7]. Digital transformation involves the redesign of business practices to incorporate digital technology within all facets of the business [7]. Digital entrepreneurs are offered significant opportunity through the use of digital networking capabilities.…”

Digital Transformation Within the Emobility Market–Learnings and Insights from Early Market Development

“…After having emphasized the distinct characteristics of digital artifacts, digitization and thereby the nature of digital technology as well as the generativity that is created by digital technology, there is a solid conceptual basis for understanding the impact and challenges for an industry facing digitalization. This phenomenon has recently been intensively discussed in applied managerial literature and science but surprisingly enough a commonly accepted or clear definition and understanding are still missing (Bounfour, 2016;Hanelt et al, 2015). Besides being mistakenly used as a synonym for digitization-which is, as already shown, a technical process of embedding digital technology into technological objects or the encoding of analog information into digital format-it is often discoursed in context to DT and digital innovation without clarifying the precise relationship between the notions.…”

“…Hence, the notion of digitalization includes the transformational digital nature as "a marked change in form, nature, or appearance" affecting individuals, firms, economies and societies(Lucas et al, 2013;Yoo et al, 2010) in part or as a whole by transformation of individual habits, organizational as well as operational structures through digital technology, including digital artifacts themselves. This can be characterized by a significant change in nature and focus of the business activities needed to acquire new capabilities or markets, and fundamental changes in tasks to leverage competitive advantages(Bounfour, 2016;Lucas et al, 2013).…”