This report provides a comprehensive analysis of digital business and transformation, focusing on the use of digital technologies, emerging trends, and the functions of digital technologies in both B2C and B2B interactions. It also addresses the risks and issues associated with digital technologies and presents a digital implementation strategy. The report further explores the management of digital transformation, the development of a competitive edge, and the use of mobile applications in business. Real-world examples, such as Amazon and Coca-Cola, are used to illustrate key concepts and strategies. The document, contributed by a student and available on Desklib, provides insights into how businesses can leverage digital technologies to improve operations, enhance customer interactions, and achieve organizational objectives.