Impact of Digitalization on Business: A Comprehensive Analysis

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This report delves into the impact of digitalization on various aspects of business. It examines the transformative effects of digital technologies, including their influence on business operations, strategies, and overall performance. The report includes a literature review that synthesizes key concepts and findings from existing research, such as the impact of digitalization on the raw material industry, digital technologies in the economy, and the use of virtual reality. It explores how digitalization affects industries like banking and marketing, referencing key management models, and providing insights into consumer behavior. Furthermore, the report also considers the challenges and opportunities presented by digitalization, offering a comprehensive analysis of its effects on business, supported by a range of sources.
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REFERENCES
Books and journals
Spisák, J., 2012. TRANSFORMING THE RAW MATERIAL INDUSTRY THROUGH
DIGITALIZATION AND INFORMATIZATION. International Multidisciplinary
Scientific GeoConference: SGEM: Surveying Geology & mining Ecology
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Pantielieieva, N and et. al., 2018, May. Digitization of the economy of Ukraine: Strategic
challenges and implementation technologies. In 2018 IEEE 9th International
Conference on Dependable Systems, Services and Technologies (DESSERT)(pp.
508-515). IEEE.
Zhu, Y. and Huang, Z. F., 2013. Application of virtual reality technology on digital scenic
spot. In Applied Mechanics and Materials (Vol. 333, pp. 702-706). Trans Tech
Publications.
MAIXÉ-ALTÉS, J. C., 2018. The Digitalization of Banking: A New Perspective from the
European Savings Banks Industry before the Internet. Enterprise & Society, pp.1-40.
Bradford, B. and et. al., 2014. Why do ‘the law’comply? Procedural justice, group
identification and officer motivation in police organizations. European Journal of
Criminology. 11(1). pp.110-131.
Van den Berg, G. and Pietersma, P., 2015. Key management models: the 75+ models every
manager needs to know. FT Press.
Losonci, D. and Demeter, K., 2013. Lean production and business performance: international
empirical results. Competitiveness Review: An International Business Journal.
23(3). pp.218-233.
Mowday, R. T., Porter, L. W. and Steers, R. M., 2013. Employee—organization linkages:
The psychology of commitment, absenteeism, and turnover. Academic press.
Lantos, G. P., 2015. Consumer behavior in action: Real-life applications for marketing
managers. Routledge.
Canning, P., 2011. A revised and expanded food dollar series: a better understanding of our
food costs (No. 262243). United States Department of Agriculture, Economic
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Rose, R. and Pulizzi, J., 2011. Managing Content Marketing: The Real-World Guide for
Creating Passionate Subscribers to Your Brand. BookBaby.
Hartley, R. F. and Claycomb, C., 2013. Marketing mistakes and successes. Wiley.
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