The aim of this paper is to provide insights regarding the state of the art of Digital Transformation, and to propose avenues for future research. … Among other things, the findings indicate that managers should adapt their business strategy to a new digital reality.
Simply so, how are colleges and universities driving to digital transformation today?
How Colleges and Universities Are Driving to Digital Transformation Today. … EDUCAUSE research shows that 13% of colleges and universities are engaging in digital transformation today, 32% are developing a Dx strategy, and another 38% of higher education institutions are exploring Dx.
Keeping this in consideration, what are the theories of digital transformation?
Different theories are applied by several authors to capture the context of digital transformation, e.g. alignment view, configuration theory, resource-based view, dynamic capabilities, organizational learning theory, network view or business process reengineering.
What does it mean to digitize data?
Digitization essentially refers to taking analog information and encoding it into zeroes and ones so that computers can store, process, and transmit such information. According to Gartner’s IT Glossary, “Digitization is the process of changing from analog to digital form” – a definition few would disagree with.
What is digital transformation academic?
At its simplest level, digital transformation means transforming an organization’s core business to better meet customer needs by leveraging technology and data. In education, that target customer is often students, though it could also be faculty, staff, alumni, and others.
What is digital transformation examples?
Examples of digital transformation across industries.
Meet customers in the digital channels they already frequent. Leverage data to better understand your customers and the marketplace as a whole. Free your data and share intelligence across your entire business.
What is digital transformation journal articles?
Journal of Digital Transformation. Journal of Digital Transformation is the Institute’s free online blog that provides practical insightful approaches to Digital Transformation. It contains hundreds of thought provoking articles from over a dozen Industry Leaders spanning 10 years.
What is digitalization theory?
Digitalization is separated into the three components networks, IT services, and digital goods which are then incorporated into macroeconomic models of trade theory in open economies. This approach allows to formally describe the cross-effects between digitalization and macroeconomic variables of a country.
What is expected from digital transformation?
Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers. It’s also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure.
Why do we need digital transformation?
Digital transformation helps an organisation keep up with emerging customer demands and therefore survive in the face of the future. It allows companies to compete better in an economic environment that is constantly changing in response to technology evolutions.
Why is digital transformation important McKinsey?
In one of its articles, McKinsey defines digital transformation as “an effort to enable existing business models by integrating advanced technologies”. Basically, it allows digital technologies to be integrated into already existing business models, changing the way you operate and deliver your product or service.