Paper Details

An In-depth Analysis of Conceptualization of Business Digitalization to Develop a Metrics for Measuring its Impact in Economic Terms

Vol. 8, Issue 1, Jan-Dec 2022 | Page: 45-49

Srishti Agarwal
Rukmini Devi Institute of Advanced Studies (Guru Gobind Singh Indraprastha University, Delhi)

Received: 11-04-2022, Accepted: 20-05-2022, Published Online: 05-06-2022


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Abstract

Digitalization isn’t just a set of tools anymore—it now changes how companies run, how industries compete, and how economies grow. In this paper, we clear up the terms—digitization, digitalization, and digital transformation—then share an easy way to see how digital tech creates value. We summarize studies from 2013–2023 on productivity, growth, market power, jobs, and financial inclusion. We also explain why results can take time (the “J-curve”) and why success depends on skills, good management, and other intangibles. Looking at advanced vs. emerging economies and “superstar” firms vs. others, we end with practical steps: build infrastructure and skills, keep markets fair, fix how we measure digital value, and make inclusion a core goal.

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