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Trends and Challenges in Digital Business Innovation

Trends and Challenges in Digital Business Innovation
Author: Vincenzo Morabito
Publisher: Springer Science & Business Media
Total Pages: 221
Release: 2014-02-04
Genre: Business & Economics
ISBN: 3319043072
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This book describes the trends in digital innovation that are of most importance for businesses and explores the key challenges. The book is in three parts, the first of which focuses on developments in digital systems. Here, the ever-growing relevance of big data, cloud computing, and mobile services for business is discussed, and detailed consideration is given to the importance of social listening for understanding user behavior and needs and the implications of IT consumerization. In the second part, trends in digital management are examined, with chapters devoted to work practice, digital business identity as well as branding and governance. The final part of the book presents and reviews case studies of digital innovation at the global level that provide a benchmark of best practices, with inclusion of instructive fact sheets. While the book offers academic coverage of the digital transformation of business organizations and the associated challenges, it also describes concrete, real-world issues in clear, easy-to-understand language and will serve as a toolbox for managers that can be readily consulted. The text is supported by informative illustrations and tables, and practitioners will also benefit from the reported case studies and highlighted insights and recommendations.

The Future of Digital Business Innovation

The Future of Digital Business Innovation
Author: Vincenzo Morabito
Publisher: Springer
Total Pages: 201
Release: 2016-03-05
Genre: Business & Economics
ISBN: 3319268740
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This book identifies and discusses the main challenges facing digital business innovation and the emerging trends and practices that will define its future. The book is divided into three sections covering trends in digital systems, digital management, and digital innovation. The opening chapters consider the issues associated with machine intelligence, wearable technology, digital currencies, and distributed ledgers as their relevance for business grows. Furthermore, the strategic role of data visualization and trends in digital security are extensively discussed. The subsequent section on digital management focuses on the impact of neuroscience on the management of information systems, the role of IT ambidexterity in managing digital transformation, and the way in which IT alignment is being reconfigured by digital business. Finally, examples of digital innovation in practice at the global level are presented and reviewed. The book will appeal to both practitioners and academics. The text is supported by informative illustrations and case studies, so that practitioners can use the book as a toolbox that enables easy understanding and assists in exploiting business opportunities involving digital business innovation.

Trends and Challenges in Digital Business Innovation

Trends and Challenges in Digital Business Innovation
Author: Scott Mace
Publisher: CreateSpace
Total Pages: 90
Release: 2014-12-12
Genre:
ISBN: 9781505467345
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Business intelligence (BI) is the set of techniques and tools for the transformation of raw data into meaningful and useful information for business analysis purposes. BI technologies are capable of handling large amounts of unstructured data to help identify, develop and otherwise create new strategic business opportunities. The goal of BI is to allow for the easy interpretation of these large volumes of data. Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability. BI technologies provide historical, current and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics. BI can be used to support a wide range of business decisions ranging from operational to strategic. Basic operating decisions include product positioning or pricing. Strategic business decisions include priorities, goals and directions at the broadest level. In all cases, BI is most effective when it combines data derived from the market in which a company operates (external data) with data from company sources internal to the business such as financial and operations data (internal data). When combined, external and internal data can provide a more complete picture which, in effect, creates an intelligence that cannot be derived by any singular set of data.

New Trends in Business Information Systems and Technology

New Trends in Business Information Systems and Technology
Author: Rolf Dornberger
Publisher: Springer Nature
Total Pages: 323
Release: 2020-07-07
Genre: Technology & Engineering
ISBN: 3030483320
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This book presents selected examples of digitalization in the age of digital change. It is divided into two sections: “Digital Innovation,” which features new technologies that stimulate and enable new business opportunities; and “Digital Business Transformation,” comprising business and management concepts that employ specific technological solutions for their practical implementation. Combining new insights from research, teaching and management, including digital transformation, e-business, knowledge representation, human-computer interaction, and business optimization, the book highlights the breadth of research as well as its meaningful and relevant transfer into practice. It is intended for academics seeking inspiration, as well as for leaders wanting to tap the potential of the latest trends to take society and their business to the next level.

Shaping the Digital Enterprise

Shaping the Digital Enterprise
Author: Gerhard Oswald
Publisher: Springer
Total Pages: 339
Release: 2016-09-26
Genre: Business & Economics
ISBN: 3319409670
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This book sheds light on cross-industry and industry-specific trends in today’s digital economy. Prepared by a group of international researchers, experts and practitioners under the auspices of SAP’s Digital Thought Leadership & Enablement team within SAP’s Business Transformation Services (BTS) unit, the book furthermore presents relevant use cases in digital transformation and innovation. The book argues that breakthrough technologies have matured and hit scale together, enabling five defining trends: hyper-connectivity, supercomputing, cloud computing, a smarter world, and cyber security. It presents in detail how companies are now reimagining their products and services, business models and processes, showcasing how every business today is a digital business. Digitalization, defined as the process of moving to a digital business, is no longer a choice but an imperative for all businesses across all industries and regions. Taking a step toward becoming a digital enterprise is demanding and challenging. The dimensions of customer centricity, leadership and strategy, business models, including offerings (products and services), processes, structure and governance, people and skills, culture, and technology foundation can serve as orientation for digitalization. The articles in this book touch on all dimensions of this digital innovation and transformation framework and offer possible answers to some of the pressing questions that arise when practitioners seek to digitalize their business.

Digital Transformation for Business Sustainability

Digital Transformation for Business Sustainability
Author: Aloysius Edward J.
Publisher: Springer Nature
Total Pages: 224
Release: 2023-12-30
Genre: Science
ISBN: 981997058X
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This book explores how digital technologies can be used to drive sustainable business practices and achieve long-term business success. It offers insights and practical strategies and guidance that can help businesses adapt to the digital age, optimize their operations, and create new opportunities for growth. The book further provides real-world examples that illustrate how businesses can leverage digital technologies to achieve long-term sustainability and success. The book is an essential read for business leaders, managers, academician, practitioners and entrepreneurs who are looking to drive sustainable digital transformation within their organizations. The book covers a wide range of topics, including: 1) Understanding the digital landscape: The book provides an overview of the digital technologies that are transforming business operations, such as artificial intelligence, cloud computing, and the Internet of Things. It explores how these technologies can be leveraged to create sustainable business practices that benefit both the organization and society. 2) Building a digital strategy for sustainability: The book offers guidance on how businesses can develop a digital strategy that aligns with their sustainability goals. It covers topics such as identifying digital opportunities, setting targets, and measuring performance. 3) Embedding sustainability into digital operations: The book explores how businesses can integrate sustainability into their digital operations, such as data management, supply chain management, and product design. It provides examples of companies that have successfully implemented sustainable digital practices. 4) Digital innovation for sustainability: The book discusses how businesses can use digital innovation to create new opportunities for sustainability. It covers topics such as circular economy business models, sustainable product design, and social innovation. 5) Leading for sustainable digital transformation: The book offers insights on how business leaders can drive sustainable digital transformation within their organizations. It covers topics such as leadership skills, organizational culture, and stakeholder engagement.

Business Information Systems and Technology 4.0

Business Information Systems and Technology 4.0
Author: Rolf Dornberger
Publisher: Springer
Total Pages: 283
Release: 2018-03-06
Genre: Technology & Engineering
ISBN: 3319743228
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This book discusses digitalization trends and their concrete applications in business and societal contexts. It summarizes new findings from research, teaching and management activities comprising digital transformation, e-business, the representation of knowledge, human–computer interaction and business optimization. The trends discussed include artificial intelligence, virtual reality, robotics, blockchain, and many more. Professors and researchers who conduct research and teach at the interface between academia and business present the latest advances in their field. The book adopts the philosophy of applied sciences and combines both rigorous research and practical applications. As such, it addresses the needs of both professors and researchers, who are constantly seeking inspiration, and of managers seeking to tap the potential of the latest trends to take their business to the next level. Readers will find answers to pressing questions that arise in their daily work.

Technology, Business, Innovation, and Entrepreneurship in Industry 4.0

Technology, Business, Innovation, and Entrepreneurship in Industry 4.0
Author: Teresa Guarda
Publisher: Springer Nature
Total Pages: 412
Release: 2022-12-15
Genre: Technology & Engineering
ISBN: 3031179609
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This book presents the most recent innovations, trends, and challenges in several aspects of Industry 4.0, including the key technologies and business impacts. The book is relevant to a variety of stakeholders due to Industry 4.0’s broad impact in many fields. Topics include digital workplace solutions for employee engagement, entrepreneurship and innovation, and Blockchain for business security. The authors cover Industry 4.0 both from a theoretical and applicable standpoint.

Management Challenges for Business in Digital Economy

Management Challenges for Business in Digital Economy
Author: Renata Korsakiene
Publisher: Mdpi AG
Total Pages: 0
Release: 2023-07-06
Genre: Business & Economics
ISBN: 9783036579689
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The digital economy has significantly impacted countries throughout the world by contributing to the growth of the economy and the further progress of societies. Recent developments demonstrate that the information and innovation-driven era triggered integration of traditional activities and digital technologies. Moreover, the rise of innovation has been accelerating in emerging industries such as cleantech, the new generation of information technology, biotechnology, and high-end equipment manufacturing. The estimations provided by the World Economic Forum predict that "new value creation over the next decade will be based on digitally enabled platform business models". Therefore, organizations must change the traditional approaches adopted and capture value in the context of digital disruptions. These tendencies raise a number of management challenges that need to be solved by the efforts of the scientific community. Therefore, this Special Issue provides the platform for a fruitful discussion and the development of relevant theories.

Leading Digital

Leading Digital
Author: George Westerman
Publisher: Harvard Business Review Press
Total Pages: 303
Release: 2014-09-23
Genre: Business & Economics
ISBN: 1625272480
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Become a Digital Master—No Matter What Business You’re In If you think the phrase “going digital” is only relevant for industries like tech, media, and entertainment—think again. In fact, mobile, analytics, social media, sensors, and cloud computing have already fundamentally changed the entire business landscape as we know it—including your industry. The problem is that most accounts of digital in business focus on Silicon Valley stars and tech start-ups. But what about the other 90-plus percent of the economy? In Leading Digital, authors George Westerman, Didier Bonnet, and Andrew McAfee highlight how large companies in traditional industries—from finance to manufacturing to pharmaceuticals—are using digital to gain strategic advantage. They illuminate the principles and practices that lead to successful digital transformation. Based on a study of more than four hundred global firms, including Asian Paints, Burberry, Caesars Entertainment, Codelco, Lloyds Banking Group, Nike, and Pernod Ricard, the book shows what it takes to become a Digital Master. It explains successful transformation in a clear, two-part framework: where to invest in digital capabilities, and how to lead the transformation. Within these parts, you’ll learn: • How to engage better with your customers • How to digitally enhance operations • How to create a digital vision • How to govern your digital activities The book also includes an extensive step-by-step transformation playbook for leaders to follow. Leading Digital is the must-have guide to help your organization survive and thrive in the new, digitally powered, global economy.