Introduction

Babu George ()
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Babu George: Fort Hays State University

Chapter Chapter 1 in Digital Transformation in Business and Society, 2020, pp 1-11 from Springer

Abstract: Abstract Businesses are being transformed in fundamental ways as a result of the data revolution and societal drivers of change. The new era inaugurated by digital 2.0 technologies created a discontinuity and a fundamental shift in our ideas of business and society. Fundamental concepts that constituted the definitional parameters of business are undergoing a re-definition process. Technological revolutions brought to us increase in processing power, bandwidth, user-friendly interfaces with technology, the ‘internet of things’, to list a few benefits. Also, we live in a society that loves to consume radical change. These drivers together have transformed our situated existence in the human society. For businesses, these changes mean the blurring of industry boundaries, modular business architectures, distributed innovation micro-structures, ‘just-in-time’ definitions of business performance, among others.

Keywords: Technology; Globalization; Culture; Transformation; Data; Society; Education; Change; Sustainability (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-08277-2_1

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DOI: 10.1007/978-3-030-08277-2_1

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