The Implications of Digitalization on the Firm’s Value Creation, Proposition and Take

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Digitalization signifies using digital technologies to boost a company’s business functions, products and services. During your stay on island are many advantages to digitization, in addition, it poses a number of conflicts.

Advantages of digitization

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

Down sides of digitization

A key pitfall with digitization is the fact that digital information could be easily structured differently and lost. This can bring about errors and misunderstandings.

In addition , a company may become overly reliant on technology. This can result in a decrease in human competence and lessen the pace of production.

The emergence within the digital economy has led to a significant shift in how firms produce and market goods and products. In contrast to traditional industries, which rely on high costs and labor resources for many and companies, searching for economy performs with performance.

Hence, it is important to have a apparent vision about what the digitalization of a provider will require and use it strategically.

The implications of digitalization on a firm’s value creation, proposition and capture had been investigated in two distinct industries, the media and automotive industry, using qualitative empirical info collected coming from 12 main informants. A conceptual setting up based upon dynamic features was used to body the empirical study (see Figure 1).