Digital Business: Overview, Advantages, Disadvantages, and Impact of Collaborative Relationships

Digital Business

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
Overview of digital business with its advantages and disadvantages..........................................4
Evaluate new and emerging digital business models..................................................................6
Impact of new collaborative relationship....................................................................................7
E-commerce principles................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................12

INTRODUCTION
Digital business is considered as the suitable method of doing business with the help of
internet. It is considered as the creation of new business within the physical world and this
transformation is adopted of digital technology to the transform services of businesses by
replacing the non digital and Manual process with the digital process or new digital technology
(Wåge and Crawford, 2020). To carry forward this report Uber is considered that provide
transportation services across the world with the help of internet and make their travelling
present. Moreover, the report leads to covered details regarding the identification of the suitable
advantages and disadvantages and emerging Business models are also described. With the help
of suitable analysis regarding the impact of new collaborative strategic alliances that are
developed with the help of digital technology is also covered.
MAIN BODY
Overview of digital business with its advantages and disadvantages
Digital business refers to the suitable institution that Use technology in order to create
value to the businesses and for the enhancement of internal capabilities. These types of
businesses need to use technological advancement in order to enhance customer experience.
Furthermore, to move towards the digital transformation organisations also need to shift towards
the adoption of new culture that helps in bringing efficiency in their digital business by focusing
over the creating new customer experience and valuable different services (Stolyarov and et. al.,
2019). Digital business strategy refers to the suitable capacity that leverage several digital
Technologies in order to create customer value that can be transformed and provide competitive
benefits to an organisation.
Advantages
 The prominent benefit of digital transformation is that it improves the data collection and
offer suitable resource of Management.
 Along with this with the help of globalisation digital businesses get majorly scope in or-
der to get future opportunities to their business and also effectively exploit opportunities
in order to enhance their sales and profitability.

 It becomes possible because of the effective capacity of digital technology and these
types of businesses need to integrate towards the hardware and software database for the
central system of business intelligence (Sahut, Iandoli and Teulon, 2019).
 Moreover, digital business is not only influencing the business operations but also the at-
titude and behaviour perspective of company. It also works with the from end process
and centric perspective of people by which individuals can optimise effective functioning
of business to enhance the profitability.
 Despite from this enhancement of productivity with the help of digital business is benefi-
cial in order to improve the agility in business operations that motivate innovation.
Disadvantages
 Digital businesses lead to increase the transparency and communication within the opera-
tions of businesses that leads to bring several demerits for company. The major demerit
includes the security threats that undertake constant debate within the Uber regarding the
leakage and misuse of the personal data of their customers.
 Moreover, increasing the networking Threads needs to bring challenges for an organisa-
tion in order to Reform their process which is risky regarding the privacy of individuals
(Kraus, Roig-Tierno and Bouncken, 2019). Hence it not only undertakes the concern re-
garding the privacy but also result towards the misuse of safety.
 Digital Services also made industry competitive by which most of the organisations and
customers are regularly tracked regarding the services by the various providers.
 By constantly monitoring becomes very challenging for the company to cope up with the
pressures and come up with the enhancement in services.
 Competition leads to develop price Wars regarding the promotional tactics it is clearly
visible and become very worse for the organisation to compete with each other (Kontić
and Vidicki, 2018). Therefore, digital businesses also have enhanced expectations of cus-
tomers that make other organisations hard to fulfil at respectively.
Application
Uber has one of the most successful digital business that operate its business across the
world with the help of its website and offering various online services like booking payment and
real time update to customers regarding their Orders and services that make company more