Digitalization suggests using digital technologies to further improve a company’s business functions, products and services. While there are many positive aspects to digitization, additionally, it poses a number of problems.

Advantages of digitization

Digitization can easily improve a company’s internal operations by eliminating manual tasks and reducing costs through automation. Additionally , it can help a business gain new customers or increase its existing customer base.

Disadvantages of digitization

A key pitfall with digitization is the fact that that digital information could be easily altered and taken out. This can bring about errors and misunderstandings.

Additionally , a company may become overly reliant on technology. This can result in a loss in human proficiency and lessen the pace of production.

The emergence belonging to the digital economic climate has led to a significant shift in how companies produce and market many and services. In contrast to classic industries, which in turn rely on expense and labor resources for goods and solutions, a digital economy operates with proficiency.

Hence, it is vital to have a distinct vision about what the digitalization of a enterprise will involve and put into practice it logically.

The implications of digitalization on a firm’s value creation, proposition and capture were investigated in two eye-catching industries, the media and automotive industry, employing qualitative empirical data collected right from 12 key informants. A conceptual environment based on dynamic capacities was used to shape the scientific study (see Figure 1).

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