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Challenges and Perspectives of Digital Transformation

Author

Listed:
  • Kamelia Stefanova

    (University of National and World Economy/ITC Department, Sofia, Bulgaria)

  • Dorina Kabakchieva

    (University of National and World Economy/ITC Department, Sofia, Bulgaria)

Abstract

nternet Economy, New Economy, Web Economy, and Connected Economy are all new ICT terms referring to the digitalization and digital transformation of companies/organizations, and defining the process of creating busi-ness value through digitally organized links between people, machines and companies, creating new related business models, products and services. Digital transformation involves also using Internet-of-Things (IoT), Artificial Intelligence (AI) and Business Analytics, among other advanced information technologies. The main purpose of this paper is to present the challenges and perspec-tives of digital transformation, including scope, strategy and enterprise architecture, and to point out its importance for business innovation and competitiveness.

Suggested Citation

  • Kamelia Stefanova & Dorina Kabakchieva, 2019. "Challenges and Perspectives of Digital Transformation," Conferences of the department Informatics, Publishing house Science and Economics Varna, issue 1, pages 13-23.
    • Handle: RePEc:vrn:katinf:y:2019:i:1:p:13-23
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    File URL: http://informatics.ue-varna.bg/conference19/Conf.proceedings_Informatics-50.years%2013-23.pdf
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    Cited by:

    1. AlNuaimi, Bader K. & Kumar Singh, Sanjay & Ren, Shuang & Budhwar, Pawan & Vorobyev, Dmitriy, 2022. "Mastering digital transformation: The nexus between leadership, agility, and digital strategy," Journal of Business Research, Elsevier, vol. 145(C), pages 636-648.

    More about this item

    Keywords

    digitalization of economy; digital transformation; enterprise architecture for digital transformation;
    All these keywords.

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs

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