DIGITAL TRANSFORMATION IN BUSINESSES: THE PROCESS AND ITS OUTCOMES

Year 2022, , 142 - 144, 30.07.2022

Suat Teker Dilek Teker Emre Orendıl

https://doi.org/10.17261/Pressacademia.2022.1599

Abstract

Purpose- The purpose of this study is to serve as an extensive outlook about digital transformation. Its content comprises the elements of
digital transformation, the ways of adapting to digital transformation, reasons for failure, means of digital transformation, and insights and
discussions on new business environment.
Methodology- In this study, a comprehensive literature review is followed to learn about the current business circumstances regarding digital
transformation and have a deep understanding on the previous studies conducted about digital transformation.
Findings- The literature review reveals that digital transformation has provided positive impract on businesses at different levels. Although
challenges against digital transformation may arise, they can be tackled if the nature of digital transformation is understood well. The success
of digital transformation is dependent on numerous factors from different aspect which should be studied carefully before and during the
adoption of digital transformation.
Conclusion- It may be concluded that the COVID-19 pandemic has accelerated the digital agenda of businesses. At first, it should be
understood that digital transformation is not a mere upgrade of technology or technical equipment within an organization but requires time,
curiosity, creativity, recognition of opportunities, and cultural transformation. A successful adoption of digital transformation requires the
recognition of means of digital transformation, the steps for adaptation to digital transformation, the analysis of failure, the outcomes of
digital transformation. The recent evolutions related to digital transformation is evident in different aspects of business. The most recent
observed changes in businesses are required skills of employees, organisational culture, business models, and customer relationship
management practices.

Keywords

Digital transformation, digitalization, new business environment, business success, data analysis

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