Digitalization is among the key elements that play a role in a company’s growth. It truly is more than the reduction of traditional and employing computers to log data – it is about making a new way of doing business that focuses on customer satisfaction, internal interaction, and the movement info. It is about being more efficient, gaining visibility over company spend and making decisions with exact numbers, and also connecting your entire team to a common mission that drives scalable growth.

This can be a dynamic method that adjustments the ways companies create and capture benefit in the marketplace. This may also accelerate the obsolescence of an firm’s current business model (BM). As digitalization has the potential to influence a company’s competitive spot, firms has to be constantly aware of digitalization’s influence on their BMs and the adjacent business environment.

To explore the result of digitalization on a firm’s BM, qualitative empirical data were accumulated from doze interviewees doing work in two different industries, automobile and information. Due to the fact that equally industries are characterized by different business models, this kind of research style allowed for an in-depth a comparison of how digitalization impacts the inspiration of your firm’s BM.

The interviews revealed that inside the media industry, the impact of digitalization was felt the majority of clearly in terms of value creation and worth capture factors. This was predominantly due to the fact that the information industry areas strong emphasis on the customer www.cloudycrowd.net/2020/04/01/digital-transformation-of-the-market-the-data-room-is-the-technology-1/ channel, thus causing digitalization to have an early on impact on the company’s BM.