Digitalization signifies using digital technologies to boost a company’s business processes, products and services. While there are many positive aspects to digitization, it also poses a number of strains.
Advantages of digitization
Digitization can easily improve a company’s internal functions by eliminating manual tasks and reducing costs through automation. In addition , it can help an organization gain new clients or increase its existing customer base.
Cons of digitization
A key disadvantage of digitization is the fact that that digital information can be easily structured differently and taken out. This can result in errors and misunderstandings.
Additionally , a company can become overly reliant on technology. This can bring about a decrease of human knowledge and slow production.
The emergence in the digital economic system has led to a significant shift in how corporations produce and market many and solutions. In contrast to classic industries, which in turn rely on expense and labor resources for many and offerings, www.cloudycrowd.net/2022/05/11/how-data-rooms-changed-business-communications/ a digital economy performs with performance.
Hence, it is vital to have a obvious vision of what the digitalization of a company will entail and apply it intentionally.
The implications of digitalization on a firm’s value creation, proposition and capture had been investigated in two special industries, the media and automotive industry, applying qualitative empirical data collected out of 12 critical informants. A conceptual setting up based on dynamic capacities was adopted to shape the empirical study (see Figure 1).