The Contribution of Digital Transformation Industry (DTI) in Micro- and Macro- Economy

Grigorios L. Kyriakopoulos ()
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Grigorios L. Kyriakopoulos: National Technical University of Athens

A chapter in Digital Transformation in Industry, 2023, pp 101-108 from Springer

Abstract: Abstract Recently, national economies attempt to retard transformational changes of global economy and confront the economic recession by taking measures regarding protectionist measures and growing introduction of sanctions and trade restrictions partially caused by the Covid-19 pandemic. Besides, at a human resource side, the pursuing of high-quality and crisis-free economic growth is also attributed to an imperative need of following new styles of leadership, the adaptability towards digitalized economies, the adoption of Industry 4.0 forms of industrialization, as well as the introduction of a planning system based on new technological paradigms and novel patterns of production. In the relevant literature, the Digital Transformation in Industry (DTI) is extended to a wide range of applications, including the hospitality industry, single-industry “smart” cities, environmental concerns, Exploration and Production (E&P) industry. All these applications showed that DTI plays a decisive role in the contexts of micro- and macro-economy, especially in the sectors of entrepreneurship and manufacturing. Conclusively, the main DTI challenges and future prospects have been also signified.

Keywords: Digital transformation industry; Microeconomic development; Macroeconomic development; Industry 4.0; Smart cities; Entrepreneurship; Manufacturing (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/978-3-031-30351-7_9

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