Modeling The Digital Transformation of Enterprises: A Comprehensive Study

Leyla Zeynalli-Huseynzade
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Leyla Zeynalli-Huseynzade: Azerbaijan, Baku, Baku Engineering University, Azerbaijan

International Journal of Research and Scientific Innovation, 2023, vol. 10, issue 11, 568-582

Abstract: In the modern world, rapid advancement in the field of technology has propelled institutions towards the path of digitization to enhance their business processes and collaboration. Enterprises are now utilizing digital tools with the aim of reducing labor and time requirements, managing information more effectively, and automating decision-making processes. This article is dedicated to the topic of “Modeling the Digitization of Enterprises (SME)†and its primary objective is to explore the achievements and challenges intended by this positive transformation. Industrial digitization is the process of integrating digital tools, business flows, and approaches into every aspect of business and processes within an organization. However, applying digital solutions is not straightforward, and many companies struggle with complexity, uncertainty, and unclear business logic. Indeed, the digitization of industrial processes goes far beyond technology and demands extensive transformation of business processes, business models, and ecosystem relationships. To catalyze this transformation, small and medium-sized enterprises with specialized capabilities in artificial intelligence, analytics, and sensors play a significant role. Achieving success in the digital economy is crucial, prompting organizations to formulate and assess effective strategies for digital transformation. Therefore, there are many complexities associated with modeling and evaluating a digital transformation strategy. Adopting a unified approach is essential to assess a digital transformation strategy. This approach should consider market dynamics, digital disruption characteristics, corporate attributes, as well as the process of implementing the digital transformation strategy. While decision-makers in the industry demonstrate an increasing readiness to invest in the digital transformation of their companies, they lack information about their current status in Industry 4.0 and strategic guidelines for its implementation. This article establishes a guiding unified procedural model, including the identification of specific operational areas in initial acquaintances with Industry 4.0 for companies and their implementation processes. Additionally, it explores a comprehensive model for modeling and evaluating digital transformation strategies.

Date: 2023
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