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

Advantages of digitization

Digitization can improve a company’s helpful site internal processes by eliminating manual tasks and reducing costs through automation. Additionally , it can help a company gain new customers or expand its existing customer base.

Negatives of digitization

A key drawback to digitization is the fact that that digital information could be easily improved and lost. This can cause errors and misunderstandings.

Additionally , a company could become overly reliant on technology. This can lead to a losing human know-how and delay production.

The emergence in the digital economic system has led to an elementary shift in the manner companies produce and market their products and products and services. In contrast to traditional industries, which rely on high costs and labor resources for many and expertise, an electronic economy functions with proficiency.

Hence, it is crucial to have a crystal clear vision of what the digitalization of a business will include and put into practice it logically.

The ramifications of digitalization on a firm’s value creation, proposition and capture had been investigated in two eye-catching industries, the media and automotive industry, applying qualitative empirical data collected by 12 key element informants. A conceptual establishing based upon dynamic capacities was followed to framework the empirical study (see Figure 1).