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Digital transformation (DT) is the process of adoption and implementation of digital technology [1] [2] [3] by an organization in order to create new or modify existing products, services and operations by the means of translating business processes into a digital format.
Examples of organisational transformation include: General Motors' transformation and restructuring (around 2009) [7] BBC's Delivering Quality First programme (since 2011) [8] Box's pivot from consumer to enterprise (around 2009-2010) [9] British Airways' strategic transformation programme in response to low cost airlines (around 2004-2005) [10]
The term digital economy came into use during the early 1990s. For example, many academic papers were published by New York University’s Center for Digital Economy Research. The term was the title of Don Tapscott's 1995 book, The Digital Economy: Promise and Peril in the Age of Networked Intelligence.
The transformation is partially achieved by applying model transformations. Due to the alignment of the business layer and the IT layer, it is possible to propagate changes in the business automatically to the IT systems. This leads to increased flexibility and shorter turnaround times when changing the business and adapting the IT systems. [2]
The platform business model involves generating profits by facilitating interactions between two or more distinct groups of users. This model predates the internet; for example, newspapers with classified ads sections have long employed a similar approach. With the advent of digital technology, the platform model has been increasingly adopted ...
Intelligent transformation is the process of deriving better business and societal outcomes by leveraging smart devices, big data, artificial intelligence, and cloud technologies. Intelligent transformation can facilitate firms in gaining recognition from external investors, thereby enhancing their market image and attracting larger consumers ...
The growing use of APIs in digital transformation drives the global market. The increasing prevalence of advanced cyber-attacks, including data breaches targeting Application Programming Interfaces (APIs), has underscored the urgent need for robust API security measures to protect sensitive data. These breaches not only compromise confidential ...
The concept of Digital Business Ecosystem was put forward in 2002 by a group of European researchers and practitioners, including Francesco Nachira, Paolo Dini and Andrea Nicolai, who applied the general notion of digital ecosystems to model the process of adoption and development of ICT-based products and services in competitive, highly fragmented markets like the European one [8] [9].
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