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Digital Transformation for Digital Competitiveness at a Micro Level

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  • Vladia Borissova

Abstract

The development of digital technologies turned into the fourth industrial revolution – Industry 4.0, which is associated with the digitalisation of processes, big data, the Internet of Things, additive technologies – 3D printing, robotics, artificial intelligence. The digital transformation in business relations led to economic reformatting of logistical, production and trade processes in the global value chain and especially with regards to cross-border payments, production and trade. The present research fills the research gap concerning the relation between the preconditions for the digital transformation of industry, the economic effects from the reformatting of the global value chain and the related digital competitiveness of enterprises. The establishing of the relation and the identification of trends in the development of digital technologies and the global value chains is an indicator for the beginning of the transition from Industry 4.0 to the industry of artificial intelligence – 5.0.

Suggested Citation

  • Vladia Borissova, 2021. "Digital Transformation for Digital Competitiveness at a Micro Level," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 89-106.
    • Handle: RePEc:bas:econst:y:2021:i:1:p:89-106
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    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2021/2021-1/5_Borisova.pdf
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    References listed on IDEAS

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    1. Bogers, Marcel & Hadar, Ronen & Bilberg, Arne, 2016. "Additive manufacturing for consumer-centric business models: Implications for supply chains in consumer goods manufacturing," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 225-239.
    2. André O Laplume & Bent Petersen & Joshua M Pearce, 2016. "Global value chains from a 3D printing perspective," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(5), pages 595-609, June.
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    Cited by:

    1. Borislav Nikolov, 2023. "Main Pillars Building Up the Risk Frame of Industry 4.0 Implementation in the Enterprises in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 77-92.
    2. Nikolay Dragomirov, 2022. "Digital Transformation Perspectives in Warehousing – Initial Steps and Projections," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 133-153.
    3. Gloria Jiménez-Marín & Rodrigo Elías Zambrano & Araceli Galiano-Coronil & Rafael Ravina-Ripoll, 2021. "Business and Energy Efficiency in the Age of Industry 4.0: The Hulten, Broweus and Van Dijk Sensory Marketing Model Applied to Spanish Textile Stores during the COVID-19 Crisis," Energies, MDPI, vol. 14(7), pages 1-10, April.

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    More about this item

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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