Digitalization, Digitization, and Innovation

Gobble, MaryAnne M.

doi:10.1080/08956308.2018.1471280

Cited by 162 publications

(86 citation statements)

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“…[29]. A distinction should be made between digitalisation and digitisation, which refers to the conversion of analogous data into their digital form [30]. It should be noted that both digitalisation and digitisation can be observed in the real estate sector; such issues have already been widely discussed in the scientific literature.…”

Section: The "Automatic" Rental Housing Market-the First Dimension Ofmentioning

confidence: 99%

Moving towards a Smarter Housing Market: The Example of Poland

Tomal

2020

Sustainability

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Cities are currently undergoing vast changes, which have very significant implications for the functioning of the housing market. In particular, it should be stated that the traditional residential market, in imitation of the smart city concept, is becoming increasingly smarter. This smartness can be expressed in four dimensions: the “automatic” rental housing market; innovative digital platforms in the traditional housing market; innovative policies and housing models; and the ability to forecast demand on the housing market, which together form the so-called smart housing concept. On this basis, this study attempted to assess empirically the smartness of the residential markets in Polish provincial capitals. Firstly, after a thorough analysis of digital housing portals, official websites of Polish provincial capitals and public statistics data, the smart housing concept was operationalised in all its dimensions by defining appropriate indicators measuring its level in a given city. Then, using the zero unitarization and entropy weight methods, followed by a no-pattern synthetic measure, a comprehensive smart housing index was obtained for each city investigated. Research results showed that there is a large degree of variation in the level of smartness of the housing markets in the examined cities. Furthermore, the analysis also indicates that the economic dimension of the smart city concept and the co-working concept are the main driving forces behind the development of smart residential markets. In addition, the study reveals that the implementation of the smart housing concept has a positive impact on the quality of life of city inhabitants.

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Section: The "Automatic" Rental Housing Market-the First Dimension Ofmentioning

confidence: 99%

Moving towards a Smarter Housing Market: The Example of Poland

Tomal

2020

Sustainability

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“…This model offers a win-win opportunity to all legal-industry stockholders [5]. The BCG model has two basic components, i.e., value scheme and operations model [10]. The value scheme of traditional law firms is based on legal advice and billing hours, and the operations model is centered at integration, high labor, a low electro-optical system; the organization structure is pyramidal [78].…”

Section: From Traditional To New Legal-service Modelsmentioning

confidence: 99%

“…In addition, legal technology helps the clients by providing access to online software that reduces time, money and several other costs [8,9]. Overall, this has resulted in change with respect to conventional business models and allowed meeting the demand of low-and middle-income clients through the commodification of relatively conventional legal services [10]. For instance, Wise Legal Services, Rocket Lawyer, Legal Zoom, and Legal Shield have adopted alternative business models based on legal technologies to provide individuals and small-and medium-sized businesses with online legal services including incorporation, estate plans, legal health diagnostics, legal-document automation, practice management, document storage, billing, accounting, and electronic discovery [9].…”

Section: Introductionmentioning

confidence: 99%

Legal Technologies in Action: The Future of the Legal Market in Light of Disruptive Innovations

et al. 2019

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Legal technologies (digital solutions to providing legal services) have turned into the essential element of competition among legal-market stakeholders. This study highlights the competitive superiority of legal services based on the concept of innovative disruptive technologies in comparison to traditional firms. For this purpose, the present study identified several trends in the evolution of the legal tech market (i.e., changing landscapes of legal business, delivery models, legal-market segments, and disruptive technologies); moreover, qualitative content analysis has been conducted to provide sound grounds for cost-benefit analysis. Furthermore, cost-benefit analysis makes a comparison of the monetary, social and psychological costs, benefits of legal technologies and traditional firms from clients’ and lawyers’ viewpoints. This has been, in fact, neglected by extant research. Based on these analyses, a new model for legal business has developed to highlight how potential advancements can take place in legal practices. Our findings reveal that legal technologies make legal services more affordable and easily accessible, while helping lawyers to develop innovative solutions and a relaxed working environment. In addition, this study contributes to the literature on service innovation with a focus on how new services and business models have been developed in the legal market as a result of digital technologies. Eventually, this study adds theoretical and practical implications to the research discussing the advent of legal technologies.

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“…The often-used interchange term digitization is a process of converting analog signals into digital form. It refers to a technical process of dematerialization of information (Gobble, 2018;Legner et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Market-to-Book Ratio and Creative Industries– Example of Polish Video Games Developers

Rydzewski

2019

Economics and Culture

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Research purpose. There are many reasons for which a growing interest in research and analysis of video game developers is observed. First, it results from attractive high rates of return on investment in this sector. Second, video games developers, in the author’s opinion, constitute a good combination of business and culture which is a ground for development of creative industry. A capital-intensive process of production and the intangibility of video games cause a problem in valuation of developers. Market participants who value future cash flows are in conflict with a historical cost approach used in accounting. This leads to a question of whether the confrontation of these two extreme ways of valuation could be a valuable measure of unrecognised assets for the analysis of video games sector and, as a consequence, of creative industry. The aim of the study is to explore a possible role and use of market-to-book ratio for analysis of this sector. Design/Methodology/Approach. The study starts with a literature review on market-to-book ratio applied to knowledge-based industries. The second part of the research is a comparison of results obtained for 19 biggest listed representatives of the video games sector in Poland to other sectors of Warsaw Stock Exchange. Further analysis juxtaposes the selected Polish representatives with world’s biggest ones in this sector. This will allow to draw conclusions about the usefulness of the examined ratio. Findings. The research shows that the video games sector represents noticeably higher level of market-to book ratio than other industries in Poland and is comparable to the world’s representatives. It can be stated that the market’s valuation takes into account unrecognised assets (intellectual capital), which are greatly related to possible future cash flows. What is interesting is that, for some of the selected Polish companies, market-to-book ratio keeps decreasing compared to the levels at IPO. This refers to market efficiency in relation to possible speculative bubbles which companies of this sector are often accused of. Originality/Value/Practical implications. The obtained results are applicable to the investors, analysts and managers of this sector. The research conducted enables a better understanding of the market-to-book ratio as an indicator of economic standing of creative industry companies and its earnings’ prediction.

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Digitalization, Digitization, and Innovation

Cited by 162 publications

References 0 publications

Moving towards a Smarter Housing Market: The Example of Poland

Moving towards a Smarter Housing Market: The Example of Poland

Legal Technologies in Action: The Future of the Legal Market in Light of Disruptive Innovations

Market-to-Book Ratio and Creative Industries– Example of Polish Video Games Developers

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