Measures for a successful digital transformation of SMEs

Stich, Volker; Zeller, Violett; Hicking, Jan; Kraut, Andreas

doi:10.1016/j.procir.2020.03.023

Cited by 58 publications

(46 citation statements)

References 13 publications

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“…Moreover, the more profitable companies, thanks to the availability of greater financial resources, could more easily attract more qualified human resources also in the field of digital technologies, which could favour the digitalisation of processes and products (Morgan et al, 2006;Ulas, 2019;Garzoni et al, 2020). In the context of SMEs, the greatest barrier to digitalisation is represented precisely by the absence of financial resources (Arendt, 2008;Quinton et al, 2018;Ulas, 2019;Garzoni et al, 2020;Stich, 2020). This circumstance highlights the primary role played by profitability in the adoption of digital solutions by SMEs.…”

Section: Digitalisation Of Italian Smesmentioning

confidence: 99%

Which Italian SMEs fall in love with digitalisation? An exploration into the determinants

Turi

Rubino

Vitolla

2021

MEDAR

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Purpose Digitalisation represents an important opportunity for SMEs or, in other words, a fundamental factor to help them implement competitive strategies aimed at innovation, cost reduction and internationalization. This study aims to investigate the determinants of the level of digitalisation of Italian SMEs. Design/methodology/approach This study firstly involves a survey based on short telephone interviews to measure the level of digitalisation of 101 Italian SMEs and, secondly, uses a regression model to identify the drivers of this level of digitalisation. Findings Empirical findings reveal that the Italian SMEs have an average level of digitalisation. Besides, they show that firm size, firm profitability and financial leverage represent drivers that positively influence the digitalisation of the Italian SMEs. Originality/value This study provides an important contribution to the academic literature by providing a first operationalization of the concept of business digitalisation and by broadening the knowledge of the drivers of the level of digitalisation in the SMEs context.

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Section: Digitalisation Of Italian Smesmentioning

confidence: 99%

Which Italian SMEs fall in love with digitalisation? An exploration into the determinants

Turi

Rubino

Vitolla

2021

MEDAR

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“…Regarding the support provided to SMEs in digital transformation, Assante et al (2018) described the European project Internet of Things for European Small and Medium Enterprises, whose purpose is to qualify new professionals to support the digital transformation. Similarly, Stich et al (2020) present the “Digital in NRW” Competence Centre in Germany, supporting the digital transformation of manufacturing SMEs since 2016.…”

Section: Research Backgroundmentioning

confidence: 93%

Assessment of ICT policies for digital transformation in Colombia: technology readiness for IoT adoption in SMEs in the trading sector

Sánchez

Sarmiento

Guerrero

2021

DPRG

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Purpose This paper aims to assess information and communication technologies (ICT) policies for digital transformation in Colombia to determine their effectiveness in technology readiness for Internet of Things (IoT) adoption in small and medium enterprises (SMEs) in the trading sector. Design/methodology/approach The authors conducted a longitudinal study using the ICT module of the Annual Trade Survey (2017–2018) to determine the relationship between SMEs in the trading sector adopting ICT applications and ICT policy enforcement. In this sense, this study applied a chi-square test for independence and addressed a descriptive analysis to determine SMEs’ causes for adopting or rejecting ICT applications. Findings This study presents the state of ICT adoption in Colombian SMEs in the trading sector between 2017 and 2018, highlighting that technology readiness is crucial for adopting technological trends. Research limitations/implications The data source used for the study is only available for analysis one year after implementing ICT policies focused on digital transformation. Practical implications The results support the need for the National Government to formulate IoT policies that favor the adoption of e-commerce based on IoT technologies in SMEs in the trading sector. Social implications IoT adoption can mitigate e-commerce problems strengthening SMEs’ competitiveness in the trading sector leading the digital transformation in Colombia. Originality/value This study presents the need to formulate IoT policies in Colombia focused on deploying IoT applications to strengthen e-Commerce in SMEs in the trading sector.

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“…It has also been found in the literature that the IoT is an excellent tool for promoting the use of circular plans and business models in businesses and organizations ( Elavarasan et al, 2021 ). Using IoT to track a product’s status and condition, as well as how it is being used and where it is, is an effective way to implement a circular strategy based on increasing usage ( Stich et al, 2020 ). In the economic cycle, the IoT can act as an assisting enabler by properly organizing previous knowledge about the circumstances, sites, functioning, and quality over time of assets.…”

Section: Introductionmentioning

confidence: 99%

Modeling and Analyzing the Impact of the Internet of Things-Based Industry 4.0 on Circular Economy Practices for Sustainable Development: Evidence From the Food Processing Industry of China

Sun

Wang

2022

Front. Psychol.

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The Industry 4.0 concept proposes that new cutting-edge technologies, such as the Internet of Things (IoT), will grow. The acceptance of IoT in the circular economy (CE) is still in its infancy, despite its enormous potential. In the face of growing environmental affairs, IoT based Industry 4.0 technologies are altering CE practices and existing business models, according to the World Economic Forum. This research investigates the function of IoT-based Industry 4.0 in circular CE practices, as well as their impact on economic and environmental performance, which in turn influences overall organizational performance. China-based enterprises provide information for the study, which includes data from 300 companies. Utilizing a structural equation modeling framework known as partial least squares structural equation modeling (PLS-SEM). The major findings are presented in the study: (I) the IoT significantly improves the activities of the CE; (II) the IoT significantly improves the practices of the CE; and (III) the IoT meaningfully advances the practices of CE (green manufacturing, circular design, remanufacturing, and recycling). Moreover, the findings shows that environmentally friendly business practices help enhance environmental performance of firm, while also stimulating their economic performance; and improved environmental performance has a significant positive influence on firm performance. This research lays the groundwork for contributing nations/companies to attain economic and long-term sustainability goals at the same time by incorporating IoT-based Industry 4.0 technology into CE practices.

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Measures for a successful digital transformation of SMEs

Cited by 58 publications

References 13 publications

Which Italian SMEs fall in love with digitalisation? An exploration into the determinants

Which Italian SMEs fall in love with digitalisation? An exploration into the determinants

Assessment of ICT policies for digital transformation in Colombia: technology readiness for IoT adoption in SMEs in the trading sector

Modeling and Analyzing the Impact of the Internet of Things-Based Industry 4.0 on Circular Economy Practices for Sustainable Development: Evidence From the Food Processing Industry of China

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