Digitalisation as a Challenge for Enterprises in 21st Century

Rossitsa Chobanova () and Ljupco Kocarev

Economic Studies journal, 2019, issue 1, 153-173

Abstract: The paper is devoted to digitalization of enterprises as a challenge of the 21st century. It is measured on national and cross-border region levels on the case of Bulgaria and Macedonia. The methods applied include a comparison of the state of the art and of trends of digitalization by size of enterprises. Data used for a country level is from national statistical institutions, for the level of their cross-border regions – from a database from a survey of 1941 enterprises, collected in the frame of a European project in 2017. It is argued digitalization is a contemporary way of innovating, which depends on the size of enterprises. The new stage of digitalization is characterized by the usage of big data. Development of the respective algorithms for using big data is understood as a prerequisite for improving connectivity, networking and complexity of business processes. The latter characterizes preparedness to reap the benefits of emerging technologies and to capitalize opportunities of the digital revolution.

JEL-codes: L00 M00 O00 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2019:i:1:p:153-173

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