How to Achieve Digital Transformation at Low Costs

Xiaodong Ma ()
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Xiaodong Ma: Suzhou Guoyun Data Technology Co., Ltd.

Chapter Chapter 10 in Methodology for Digital Transformation, 2023, pp 125-129 from Springer

Abstract: Abstract The profit margins of many industries have declined, especially SMEs in the manufacturing industry in recent years. Faced with many headwinds like rising labor costs, outdated management, lack of innovation, and low operational efficiency, some companies have closed and declared bankruptcy. Despite the declining economic conditions compared to prior years, the consumer sector is still maintaining robust demand, creating opportunities for companies to tap and lead in this segment.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-981-19-9111-0_10

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DOI: 10.1007/978-981-19-9111-0_10

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