Digital Strategies and Organizational Transformation

In today's highly competitive business environments, with the rise of digital businesses and digital economy, digital strategies and organizational changes go hand in hand. Organizations that possess a robust digital strategy benefit greatly from the advancements of emerging digital technologies, and hence, making necessary organizational changes in order to maximise the benefits have become vital for their survival. According to MIT Sloan's Center for Information Systems Research (CISR), '[i]n this period of digital disruption, businesses focused narrowly on value chains are at a disadvantage'. Next-generation enterprises need to think more broadly about their business ecosystems, leverage digitization to understand their customers better, and establish options for future success. Therefore, competitive businesses have started using a variety of digital tools including artificial intelligence, alongside other digital applications, making the required changes to their organizational models and cultures to better serve their customers efficiently and effectively.

This book contains a collection of chapters describing these digital strategies and how they go hand in hand with organizational changes. We solicited contributions from well-known academics from universities, business leaders, and experts within businesses and government organizations for this book. The majority of the chapters examines the necessary relationships between these two critical issues. Specifically, this book discusses how to infuse new knowledge into ongoing discourse and debates within academia and business organizations regarding digital strategies and organizational changes, and how to accomplish seamless integration of digital tools and applications into organizational platforms in order to accomplish the required organizational changes smoothly.

In summary, this book discusses the integration and implementation of digital technology and the required organizational changes to take advantage of the phenomenon of digitization. In order to create competitive advantage, leadership organizations must address the challenges of formulating and implementing robust digital strategies and simultaneously, start making the required organizational changes, as this book concludes.

Contents:

• Introduction (G Reza Djavanshir)
• Digital Technology Strategy and Cultural Factors in Developing Economies (G Reza Djavanshir)
• Driving Digital Transformation (Dongwon Lee, Barney Tan, and Sunil Mithas)
• The Impact of Risk Perception on Cyber Insurance in the Era of Digital Transformation (Angelica Marotta)
• The Perils and Promise of Digital Transformation: Incremental versus Disruptive Change (Stephen J Andriole)
• Digital Transformation and Artificial Intelligence: Opportunities and Challenges (Frederic Lemieux)
• Agile Digital Transformation: A Seven-Step Conceptual Model (John Palfreyman and Josh Morton)
• Digital Strategy, Machine Learning, and Industry Survey of MLOps (Robert Cohen)
• Digital Technology in Changing Social Relations The Social Internet of Things: Developing a New Method for Leveraging the Friendships between IoT Devices (Javad Abed)
• No Fight. No Flight. Just Innovation! How the Most Pressing Need in Cybersecurity Today Could Propel the Development of Quantum Computing (Hector Santiago)
• Business Growth through Digital Disruption (Shahdrick Samson)
• Deep-Learning Applications in Car Damage Detection (Tanush Sharanarthi, Shreyas Iyer, Hsueh-Yao Lu, and Xiaoyue Li)
• Digital Technology AI-IoT in Transformation of Industrial Manufacturing (Xiangyu Lei, Dian Huang, Chuyun Zou, and Yumeng Zhuang)
• Smart Organizational Learning with Digital Transformation (Jeffrey S Ray and Albert T Mubako