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Digitalisation as a Challenge for Enterprises in 21st Century

Author

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  • Rossitsa Chobanova
  • Ljupco Kocarev

Abstract

The paper is devoted to digitalization of enterprises as a challenge of the 21st century. It is measured on national and cross-border region levels on the case of Bulgaria and Macedonia. The methods applied include a comparison of the state of the art and of trends of digitalization by size of enterprises. Data used for a country level is from national statistical institutions, for the level of their cross-border regions – from a database from a survey of 1941 enterprises, collected in the frame of a European project in 2017. It is argued digitalization is a contemporary way of innovating, which depends on the size of enterprises. The new stage of digitalization is characterized by the usage of big data. Development of the respective algorithms for using big data is understood as a prerequisite for improving connectivity, networking and complexity of business processes. The latter characterizes preparedness to reap the benefits of emerging technologies and to capitalize opportunities of the digital revolution.

Suggested Citation

  • Rossitsa Chobanova & Ljupco Kocarev, 2019. "Digitalisation as a Challenge for Enterprises in 21st Century," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 153-173.
    • Handle: RePEc:bas:econst:y:2019:i:1:p:153-173
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    References listed on IDEAS

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    1. Cesar A. Hidalgo & Ricardo Hausmann, 2009. "The Building Blocks of Economic Complexity," Papers 0909.3890, arXiv.org.
    2. Viktor Stojkoski & Zoran Utkovski & Ljupco Kocarev, 2016. "The Impact of Services on Economic Complexity: Service Sophistication as Route for Economic Growth," PLOS ONE, Public Library of Science, vol. 11(8), pages 1-29, August.
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    Cited by:

    1. Rossitsa Chobanova, 2021. "The new stage of economic development," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-31,32-60.
    2. Nikolay Dragomirov, 2022. "Digital Transformation Perspectives in Warehousing – Initial Steps and Projections," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 133-153.
    3. Georgieva, Daniela & Popova, Radostina, 2019. "Digitisation in forest industry in Bulgaria - state and perspectives," MPRA Paper 96848, University Library of Munich, Germany, revised May 2019.

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    More about this item

    JEL classification:

    • L00 - Industrial Organization - - General - - - General
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General

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