authorE Digitalization suggests using digital technologies to boost a company’s business procedures, products and services. During your stay on island are many positive aspects to digitization, in addition, it poses a number of issues.
Advantages of digitization
Digitization can easily improve a company’s internal functions by eliminating manual tasks and reducing costs through this article automation. In addition , it can help a corporation gain new customers or develop its existing customer base.
Drawbacks of digitization
A key drawback to digitization is the fact that that digital information may be easily improved and removed. This can bring about errors and misunderstandings.
In addition , a company may become overly reliant on technology. This can bring about a loss in human abilities and delay production.
The emergence of your digital economy has led to an elementary shift in the way firms produce and market many and services. In contrast to classic industries, which will rely on high costs and labor resources for their products and companies, an electronic economy functions with effectiveness.
Hence, it is necessary to have a obvious vision with what the digitalization of a firm will require and use it smartly.
The ramifications of digitalization on a firm’s value creation, proposition and capture had been investigated in two one of a kind industries, the media and automotive industry, applying qualitative empirical data collected from 12 key informants. A conceptual setting up based on dynamic functions was followed to frame the scientific study (see Figure 1).