SoLiXG:Digital transformation
Digital transformation
The term digital transformation has been gaining popularity since 2015 - at least when looking at the data presented by Google Trends. Often it is used to describe the changes that are taking place, following digitalization processes - a vast amount of literature describes these changes with respect to companies and their respective ways of value creation through digital technologies. Schrape [1] describes the digital transformation of society as the “intensifying digitalization and the associated processes of social change”. In the original sense, digitalization was describing the transformation of analog data into digital - i.e. machine-readable - data. However, there is more to it. Pfeiffer[2] highlights two aspects in the current debates around digitalization: “a batch of recent information technology artefacts and technologies (...) and (...) the economic and social changes expected throughout the course of their introduction and application”. For some these changes are perceived as gradual, while others speak of a digital revolution and thereby drawing parallels to the industrial revolution.