Image Presentation
BibTex RIS Cite

Digital Transformation in Companies: A Path to Innovation and Efficiency

Year 2024, Volume: 6 Issue: 2, 229 - 238, 30.12.2024

Abstract

Digital transformation (DT) has become a cornerstone for companies aiming to remain competitive in the dynamic global market. This paper explores the evolution of digital transformation, its significance in corporate success, and its impact on operations, decision-making, and customer satisfaction. Drawing on previous studies, the paper identifies key drivers, challenges, and outcomes of DT. Finally, it presents recommendations for companies to effectively adopt and leverage digital tools for sustainable growth.
Digital transformation (DT) is rapidly reshaping industries across the globe, yet many organizations face significant challenges as they attempt to navigate this transformation. This paper explores the barriers to digital transformation, the benefits it offers, the key theories underpinning it, and the evolution of digital transformation thought. By examining the challenges, rewards, and theoretical frameworks, this paper provides a comprehensive overview of digital transformation in business contexts. It aims to offer insights into how businesses can successfully manage their digital transformation processes. The study was carried out by the literature review method, and the works of many local and foreign scientists were examined. As a result, it is understood that today's Digital transformation in companies approach should be described as It is inevitable. It is also important as it is a study that can be expanded with field research in the future.

References

  • Bharadwaj, A., El Sawy, O. A., Pavlou, P. A., & Venkatraman, N. (2013). Digital Business Strategy: Toward a Next Generation of Insights. MIS Quarterly, 37(2), 471-482.
  • Chesbrough, H. (2003). The Logic of Open Innovation: Managing Intellectual Property. California Management Review, 45(3), 33-58.
  • Davenport, T. H., & Ronanki, R. (2018). Artificial Intelligence for the Real World. Harvard Business Review.
  • Fitzgerald, M., Kruschwitz, N., Bonnet, D., & Welch, M. (2013). Embracing Digital Technology: A New Strategic Imperative. MIT Sloan Management Review, 54(2), 1-12.
  • Fitzgerald, M., Kruschwitz, N., Bonnet, D., & Welch, M. (2014). Embracing digital technology: A new strategic imperative. MIT Sloan Management Review, 55(2), 1-12.
  • Kane, G. C., Palmer, D., & Nguyen-Phillips, A. (2015). Strategy, Not Technology, Drives Digital Transformation. MIT Sloan Management Review.
  • Ly, P., & Nguyen, B. (2020). Barriers to Digital Transformation: A Literature Review. Journal of Business Research, 113, 432-441.
  • McKinsey & Company. (2018). The Case for Digital Transformation. McKinsey & Company.
  • McKinsey Global Institute. (2018). A Future That Works: Automation, Employment, and Productivity.
  • Sebastian, I. M., Ross, J. W., Beath, C. M., Mocker, M., Moloney, K. G., & Fonstad, N. O. (2017). How big old companies navigate digital transformation. MIS Quarterly Executive, 16(3), 197-213.
  • Siemens Annual Report. (2021). Driving Transformation with IoT Solutions
  • Vial, G. (2019). Understanding digital transformation: A review and a research agenda. The Journal of Strategic Information Systems, 28(2), 118-144.
  • Westerman, G., Bonnet, D., & McAfee, A. (2014). Leading digital: Turning technology into business transformation. Harvard Business Review Press.
  • Westerman, G., Calméjane, C., Ferraris, P., & Bonnet, D. (2011). Digital Transformation: A Roadmap for Billion-Dollar Organizations. MIT Center for Digital Business and Capgemini Consulting.
  • Rojers P Joseph. Vol. 7 (2018), Digital Transformation, Business Model Innovation and Efficiency in Content Industries: A Review. No. 1, 59-70.
  • Cen Fenga, Dhakir Abbas Ali.(2024). The Impact of Digital Transformation on Optimising Organisational Efficiency, ISSN 2523-5788 Vol. 6 Num. 2. 109- 115
There are 16 citations in total.

Details

Primary Language English
Subjects Mathematical Economics
Journal Section Research Article
Authors

Omar Almohamad

Early Pub Date December 30, 2024
Publication Date December 30, 2024
Submission Date November 26, 2024
Acceptance Date December 30, 2024
Published in Issue Year 2024 Volume: 6 Issue: 2

Cite

APA Almohamad, O. (2024). Digital Transformation in Companies: A Path to Innovation and Efficiency. Quantrade Journal of Complex Systems in Social Sciences, 6(2), 229-238.

NOTICE: The names and email addresses entered in this journal site will be used exclusively for the stated purposes of this journal and will not be made available for any other purpose or to any other party.