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Challenges and Perspectives of Digital Transformation

Kamelia Stefanova () and Dorina Kabakchieva ()
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Kamelia Stefanova: University of National and World Economy/ITC Department, Sofia, Bulgaria
Dorina Kabakchieva: University of National and World Economy/ITC Department, Sofia, Bulgaria

Conferences of the department Informatics, 2019, issue 1, 13-23

Abstract: nternet Economy, New Economy, Web Economy, and Connected Economy are all new ICT terms referring to the digitalization and digital transformation of companies/organizations, and defining the process of creating busi-ness value through digitally organized links between people, machines and companies, creating new related business models, products and services. Digital transformation involves also using Internet-of-Things (IoT), Artificial Intelligence (AI) and Business Analytics, among other advanced information technologies. The main purpose of this paper is to present the challenges and perspec-tives of digital transformation, including scope, strategy and enterprise architecture, and to point out its importance for business innovation and competitiveness.

Keywords: digitalization of economy; digital transformation; enterprise architecture for digital transformation (search for similar items in EconPapers)
JEL-codes: C8 (search for similar items in EconPapers)
Date: 2019
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