IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-33665-2_1.html
   My bibliography  Save this book chapter

Sustainable Digital Transformation in Finance, Tourism, Transport, Entertainment and Social Innovation

In: Business Digital Transformation

Author

Listed:
  • Alex Zarifis

    (University of Nicosia
    Cambridge Centre for Alternative Finance, University of Cambridge)

  • Leonidas Efthymiou

    (University of Nicosia)

  • Xusen Cheng

    (Renmin University of China)

Abstract

While it is clear that organizations must move quickly in implementing digital transformation so they are not left behind, it is not always clear what the final destination should be and how to get there. The research presented here covers several specific cases of digital transformation. The cases offer insight in the areas of finance, tourism, transport, entertainment and social innovation, but there are also nine overarching themes: (1) The leaders in digital transformation will constantly innovate, while the laggards in digital transformation will have a stop-start approach. (2) There are no simple answers, or a single way to go forward, with digital transformation. (3) Each sector of the economy has its own opportunities, challenges and must find its own path forward. (4) Changes in one sector of the economy, such as the financial sector, will send a ripple of change across other sectors of the economy. (5) Change needs a shared vision, and digital transformation needs leaders to create the shared vision. (6) Digital transformation needs trust and cooperation on every level: Teams, organizations, governments and super-organizations like the EU. (7) People will still have a role: Staff, customers and other stakeholders are still important. (8) There is a dark side of digital transformation that may have not been fully revealed to us yet. (9) Digital transformation should happen hand in hand with sustainability and resilience.There is an ongoing digital transformation with an increasing diffusion of technologies that are acting as a catalyst for business advancement.

Suggested Citation

  • Alex Zarifis & Leonidas Efthymiou & Xusen Cheng, 2024. "Sustainable Digital Transformation in Finance, Tourism, Transport, Entertainment and Social Innovation," Springer Books, in: Alex Zarifis & Despo Ktoridou & Leonidas Efthymiou & Xusen Cheng (ed.), Business Digital Transformation, chapter 1, pages 1-16, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-33665-2_1
    DOI: 10.1007/978-3-031-33665-2_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-33665-2_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.