nach oben

Erschienen in:

2022 | OriginalPaper | Buchkapitel

Companies and Digital Transformation

verfasst von : Aakanksha Gaur

Erschienen in: The Post-Digital Enterprise

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

The prevalence of digital technologies is luring organizations to transcend into the digital firm. While the idea and the notion of the digital firm seem attractive to many traditional firms, embarking on this journey brings a plethora of challenges due to the disruptive nature of digital technologies. The chapter underscores that even though digital technologies lead to value creation, in many cases their adoption in firms is driven by hype and competitive pressures. We provide evidence for this by discussing how a flurry of digital startups has emerged over the past years, but a lot of them do not scale up. The chapter describes what a digital firm is and discusses the challenges legacy firms encounter in transitioning to a digital firm. The chapter discusses how traditional businesses need to address several issues such as appropriate organizational structures, change management programs, managing digital talent to be able to extract value from their digital transformation programs.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 390 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Maschinenbau + Werkstoffe

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Nächstes Kapitel Disruptive as Usual: A Manifesto for the Digital Age

https://stfc.ukri.org/files/digital-revolution-infographic/

Adams, K. (2020). 22 digital health startups that raised over $50M in 2020. https://www.beckershospitalreview.com/digital-transformation/22-digital-health-startups-that-raised-over-50m-in-2020.html. Accessed 8 Feb 2021.

Attard, C. (2019). Upskilling for a digital world. In: PwC. https://www.pwc.com/mt/en/pwc-malta-press-room/upskilling-for-a-digital-world.html. Accessed 10 Feb 2021.

Bloomberg Jason. (2018). Digitization, digitalization, and digital transformation: Confuse them at your peril. In: Forbes. https://www.forbes.com/sites/jasonbloomberg/2018/04/29/digitization-digitalization-and-digital-transformation-confuse-them-at-your-peril/?sh=37ea0dcf2f2c. Accessed 8 Feb 2021.

Bradley, S. P., & Nolan, R. L. (1998). Sense and respond: Capturing value in the network era. Harvard Business School Press.

Briggs, B., & Buchholz, S. (2019). Tech Trends 2019 | Deloitte Insights. In: Deloitte insights. https://www2.deloitte.com/us/en/insights/focus/tech-trends/2019/executive-summary.html. Accessed 11 Feb 2021.

Caylar, P.-L. (2016). Digital in industry: From buzzword to value creation. McKinsey Digit, 1–9.

CB Insights. (2019). Why Startups Fail: Top 20 Reasons l CB Insights.

CBInsights. (2020). 323 Startup Failure Post-Mortems.

Centre for the New Economy WEFC, (BCG) SBCG. (2019). Towards a reskilling revolution: Industry-led action for the future of work.

English, L. (2021). Digital exhaust: The most valuable asset your organization owns, but isn’t using. In: Forbes. https://www.forbes.com/sites/larryenglish/2021/02/01/digital-exhaust-the-most-valuable-asset-your-organization-owns-but-isnt-using/?sh=4434440432ac. Accessed 2 Feb 2021.

European Commission. (2020). Commission publishes analysis on macro-economic potential of digital transformation by independent consultant | Shaping Europe’s digital future.

Ewenstein, B., Smith, W., & Sologar, A. (2015). Changing change management | McKinsey. In: McKinsey Co. https://www.mckinsey.com/featured-insights/leadership/changing-change-management. Accessed 9 Feb 2021.

Fitzgerald, M., Kruschwitz, N., Bonnet, D., & Welch, M. (2014). Embracing digital technology: A new strategic imperative. MIT Sloan Management Review, 55, 1.

Gandomi, A., & Haider, M. (2015). Beyond the hype: Big data concepts, methods, and analytics. International Journal of Information Management, 35, 137–144.CrossRef

Grebe, M., Rüßmann, M., & Leyh, M. (2017). Beyond the hype: The real champions of building the digital future. In: Bost. Consult. Gr. https://www.bcg.com/publications/2017/technology-digital-beyond-hype. Accessed 25 Jan 2021.

Gurumurthy, R., & Schatsky, D. (2019). Pivoting to digital maturity: Seven capabilities central to digital transformation.

IDC. (2020a). Worldwide Spending on Artificial Intelligence Is Expected to Double in Four Years, Reaching $110 Billion in 2024, According to New IDC Spending Guide. In: Int. Data Corp. https://www.idc.com/getdoc.jsp?containerId=prUS46794720. Accessed 12 Feb 2021.

IDC. (2020b). Worldwide Spending on Edge Computing Will Reach $250 Billion in 2024, According to a New IDC Spending Guide. In: Int. Data Corp. https://www.idc.com/getdoc.jsp?containerId=prUS46878020. Accessed 12 Feb 2021.

IDC. (2021). IDC Forecasts the Private LTE/5G Infrastructure Market to Reach $5.7 Billion in 2024 as Demand from Mission-Critical Organizations Drives Early Investment. In: Int. Data Corp. https://www.idc.com/getdoc.jsp?containerId=prUS47318621. Accessed 12 Feb 2021.

Kahn, J. (2020). Europe’s technology startups on track to raise record $41 billion despite coronavirus pandemic | Fortune. In: Fortune. https://fortune.com/2020/12/08/2020-banner-year-europe-tech-investment-covid/. Accessed 26 Jan 2021.

Kane, G. C., Palmer, D., Nguyen-Phillips, A., Kiron, D., & Buckley, N. (2017). Achieving digital maturity. MIT Sloan Management Review, 59.

Laudon, K. C., & Laudon, J. P. (2018). Management information systems: Managing the digital firm. Pearson Education Limited.

Lee, J. (2020). U.S. tech venture investing gets a boost from pandemic | Nasdaq. In: Nasdaq. https://www.nasdaq.com/articles/u.s.-tech-venture-investing-gets-a-boost-from-pandemic-2020-10-01. Accessed 26 Jan 2021.

Leonardi, P. M. (2021). COVID-19 and the new technologies of organizing: Digital exhaust, digital footprints, and artificial intelligence in the wake of remote work. Journal of Management Studies, 58, 247–251.CrossRef

Lindsay, B., Smit, E., & Waugh, N. (2018). What’s needed for successful organizational change.

Liu, S. (2020). Global spending on blockchain solutions 2024 | Statista. In: Statista. https://www.statista.com/statistics/800426/worldwide-blockchain-solutions-spending/. Accessed 12 Feb 2021.

Nolan, R. L. (1998). Information technology management from 1960–2000. Harvard Business Review, 99.

OECD. (2019). The future of work.

Rogers, B. (2016). Why 84% of companies fail at digital transformation. Forbes, 7.

Ross, J. (2020). Don’t Confuse Digital with Digitization. In: Who Wins in a Digital World?

Rouse, M. (2011). What is digital enterprise? – Definition from WhatIs.com. In: CIO. https://searchcio.techtarget.com/definition/Digital-enterprise. Accessed 25 Jan 2021.

Rovenpor, J. (2003). Explaining the e-commerce shakeout: Why did so many Internet-based businesses fail? E-Service, 3, 53–76.CrossRef

Schallmo, D. R. A., & Williams, C. A. (2018). History of digital transformation. In Digital transformation now!: Guiding the successful digitalization of your business model (pp. 3–8). Springer.CrossRef

Siemens. (2019). Digital Enterprise. https://www.plm.automation.siemens.com/global/en/our-story/glossary/digital-enterprise/25213

Snow, C. C., Fjeldstad, Ø. D., & Langer, A. M. (2017). Designing the digital organization. Journal of Organization Design, 6, 7. https://doi.org/10.1186/s41469-017-0017-yCrossRef

Startup Genome. (2020). Startup genome glossary. In: Startup Genome. https://startupgenome.com/article/state-of-the-global-startup-economy. Accessed 25 Jan 2021.

Statista. (2020). Internet of Things spending worldwide 2023 | Statista. In: Statista. https://www.statista.com/statistics/668996/worldwide-expenditures-for-the-internet-of-things/. Accessed 12 Feb 2021.

Suer, M. (2018). Moving from a legacy business to a digital disruptor? | CIO. In: CIO. https://www.cio.com/article/3300161/moving-from-a-legacy-business-to-a-digital-disruptor.html. Accessed 25 Jan 2021.

Sutcliff, M., Narsalay, R., & Sen, A. (2019). The two big reasons that digital transformations fail. Harvard Business Review, 2–6.

Taalbi, J. (2018). Origins and pathways of innovation in the third industrial revolution1. Industrial and Corporate Change, 28, 1125–1148. https://doi.org/10.1093/icc/dty053CrossRef

Tabrizi, B., Lam, E., Girard, K., & Irvin, V. (2019). Digital transformation is not about technology. Harvard Business Review, 13, 1–6.

Tardieu, H., Daly, D., Esteban-Lauzán, J., Hall, J., & Miller, G. (2020). Digital frustration—Why do organizations struggle to transform successfully and sustainably? In Deliberately digital (pp. 39–44). Springer.CrossRef

Tinworth, A. (2012). What is Post Digital? | NEXT Conference. In: NextConference. https://nextconf.eu/2012/01/what-is-post-digital/. Accessed 12 Feb 2021.

Varian, H. R. (2016). The economics of Internet search. In Handbook on the economics of the internet. Edward Elgar Publishing.

Venkatesh, V., & Davis, F. D. (2000). A theoretical extension of the technology acceptance model: Four longitudinal field studies. Management Science, 46, 186–204.CrossRef

Westerman, G., Bonnet, D., & McAfee, A. (2014). Leading digital: Turning technology into business transformation. Harvard Business Press.

Willmott, P. (2013). The digital enterprise. McKinsey Digit.

Zuboff, S. (1988). In the age of smart machines: The future of work technology and power.

Titel: Companies and Digital Transformation
verfasst von: Aakanksha Gaur
Verlag: Springer International Publishing
Buch: The Post-Digital Enterprise
Print ISBN: 978-3-030-94836-8

Electronic ISBN: 978-3-030-94837-5

Copyright-Jahr: 2022
DOI: https://doi.org/10.1007/978-3-030-94837-5_1

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Technik"

Springer Professional "Wirtschaft"

Premium Partner