The Implications of Digitalization on the Firm’s Value Creation, Idea and Catch

Digitalization signifies using digital technologies to boost a company’s business procedures, products and services. While there are many positive aspects to digitization, in addition, it poses a number of issues.

Advantages of digitization

Digitization may improve a company’s internal processes by eliminating manual tasks and reducing costs through important site automation. In addition , it can help an organization gain clients or develop its existing customer base.

Cons of digitization

A key disadvantage of digitization is the fact that that digital information may be easily re-structured and lost. This can bring about errors and misunderstandings.

In addition , a company can become overly reliant on technology. This can cause a loss in human knowledge and reduce production.

The emergence belonging to the digital economy has led to a significant shift in the manner corporations produce and market many and expertise. In contrast to classic industries, which usually rely on expense and labor resources for many and products, searching for economy operates with effectiveness.

Hence, it is crucial to have a distinct vision as to what the digitalization of a firm will require and implement it strategically.

The significance of digitalization on a firm’s value creation, proposition and capture were investigated in two distinctive industries, the media and automotive industry, employing qualitative empirical info collected out of 12 major informants. A conceptual setting up depending on dynamic features was implemented to frame the empirical study (see Figure 1).