IDEAS home Printed from https://ideas.repec.org/a/spr/annopr/v308y2022i1d10.1007_s10479-020-03620-w.html
   My bibliography  Save this article

Transforming business using digital innovations: the application of AI, blockchain, cloud and data analytics

Author

Listed:
  • Shahriar Akter

    (University of Wollongong)

  • Katina Michael

    (Arizona State University)

  • Muhammad Rajib Uddin

    (University of Wollongong)

  • Grace McCarthy

    (University of Wollongong)

  • Mahfuzur Rahman

    (University of Lincoln)

Abstract

This study explores digital business transformation through the lens of four emerging technology fields: artificial intelligence, blockchain, cloud and data analytics (i.e., ABCD). Specifically, the study investigates the operations and value propositions of these distinct but increasingly converging technologies. Due to the dynamic nature of innovation, the potential of this ABCD hybridization, integration, recombination and convergence has yet to be considered. Using a multidisciplinary approach, the findings of the study show wide-reaching and diverse applications among a variety of vertical sectors, presenting exploratory research avenues for future investigation. The study also highlights the practical implications of these new technologies.

Suggested Citation

  • Shahriar Akter & Katina Michael & Muhammad Rajib Uddin & Grace McCarthy & Mahfuzur Rahman, 2022. "Transforming business using digital innovations: the application of AI, blockchain, cloud and data analytics," Annals of Operations Research, Springer, vol. 308(1), pages 7-39, January.
  • Handle: RePEc:spr:annopr:v:308:y:2022:i:1:d:10.1007_s10479-020-03620-w
    DOI: 10.1007/s10479-020-03620-w
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10479-020-03620-w
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s10479-020-03620-w?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Reddy Srinivas K. & Reinartz Werner, 2017. "Digital Transformation and Value Creation: Sea Change Ahead," GfK Marketing Intelligence Review, Sciendo, vol. 9(1), pages 10-17, May.
    2. Dhruv Grewal & John Hulland & Praveen K. Kopalle & Elena Karahanna, 2020. "The future of technology and marketing: a multidisciplinary perspective," Journal of the Academy of Marketing Science, Springer, vol. 48(1), pages 1-8, January.
    3. Wang, Zhiying & Wang, Nianxin & Su, Xiang & Ge, Shilun, 2020. "An empirical study on business analytics affordances enhancing the management of cloud computing data security," International Journal of Information Management, Elsevier, vol. 50(C), pages 387-394.
    4. Arun Rai, 2020. "Explainable AI: from black box to glass box," Journal of the Academy of Marketing Science, Springer, vol. 48(1), pages 137-141, January.
    5. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    6. David J. Teece & Gary Pisano & Amy Shuen, 1997. "Dynamic capabilities and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 509-533, August.
    7. Shahriar Akter & Samuel Fosso Wamba, 2016. "Big data analytics in E-commerce: a systematic review and agenda for future research," Electronic Markets, Springer;IIM University of St. Gallen, vol. 26(2), pages 173-194, May.
    8. Vincenzo Morabito, 2015. "Big Data and Analytics," Springer Books, Springer, edition 127, number 978-3-319-10665-6, December.
    9. Sabina-Cristiana NECULA, 2017. "Deep Learning for Distribution Channels' Management," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 21(4), pages 73-84.
    10. Kenji Kushida & Jonathan Murray & John Zysman, 2015. "Cloud Computing: From Scarcity to Abundance," Journal of Industry, Competition and Trade, Springer, vol. 15(1), pages 5-19, March.
    11. William H. DeLone & Ephraim R. McLean, 1992. "Information Systems Success: The Quest for the Dependent Variable," Information Systems Research, INFORMS, vol. 3(1), pages 60-95, March.
    12. Oprișan Oana & Tileagă Cosmin & Niţu Claudiu Valentin, 2017. "Artificial Intelligence - A New Field of Computer Science Which Any Business Should Consider," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 356-360, June.
    13. David Feinleib, 2014. "Big Data Bootcamp," Springer Books, Springer, number 978-1-4842-0040-7, December.
    14. Fosso Wamba, Samuel & Akter, Shahriar & Edwards, Andrew & Chopin, Geoffrey & Gnanzou, Denis, 2015. "How ‘big data’ can make big impact: Findings from a systematic review and a longitudinal case study," International Journal of Production Economics, Elsevier, vol. 165(C), pages 234-246.
    15. Qing Cao & Dara G. Schniederjans & Marc Schniederjans, 2017. "Establishing the use of cloud computing in supply chain management," Operations Management Research, Springer, vol. 10(1), pages 47-63, June.
    16. Leonard Heilig & Eduardo Lalla-Ruiz & Stefan Voß, 2017. "Digital transformation in maritime ports: analysis and a game theoretic framework," Netnomics, Springer, vol. 18(2), pages 227-254, December.
    17. Akter, Shahriar & Bandara, Ruwan & Hani, Umme & Fosso Wamba, Samuel & Foropon, Cyril & Papadopoulos, Thanos, 2019. "Analytics-based decision-making for service systems: A qualitative study and agenda for future research," International Journal of Information Management, Elsevier, vol. 48(C), pages 85-95.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Babucea Ana-Gabriela & Sirbu Octavian, 2023. "Cloud Computing For Business Digital Transformation," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 64-74, December.
    2. Bratanova, Alexandra & Pham, Hien & Mason, Claire & Hajkowicz, Stefan & Naughtin, Claire & Schleiger, Emma & Sanderson, Conrad & Chen, Caron & Karimi, Sarvnaz, 2022. "Differentiating artificial intelligence capability clusters in Australia," MPRA Paper 113237, University Library of Munich, Germany.
    3. Denis E. Matytsin & Valentin A. Dzedik & Galina A. Markeeva & Saglar B. Boldyreva, 2023. "“Smart” outsourcing in support of the humanization of entrepreneurship in the artificial intelligence economy," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-8, December.
    4. Naoum Tsolakis & Roman Schumacher & Manoj Dora & Mukesh Kumar, 2023. "Artificial intelligence and blockchain implementation in supply chains: a pathway to sustainability and data monetisation?," Annals of Operations Research, Springer, vol. 327(1), pages 157-210, August.
    5. Yuan Wu & Ziwei Li, 2024. "Digital transformation, entrepreneurship, and disruptive innovation: evidence of corporate digitalization in China from 2010 to 2021," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.
    6. Dimitris Zissis, 2023. "Information sharing through digitalisation in decentralised supply chains," Annals of Operations Research, Springer, vol. 327(2), pages 763-778, August.
    7. Ksenia V. Ekimova, 2023. "Development of the potential of the digital economy of Russian regions through artificial intelligence humanisation," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-9, December.
    8. Bratanova, Alexandra & Pham, Hien & Mason, Claire & Hajkowicz, Stefan & Naughtin, Claire & Schleiger, Emma & Sanderson, Conrad & Chen, Caron & Karimi, Sarvnaz, 2022. "Differentiating artificial intelligence activity clusters in Australia," Technology in Society, Elsevier, vol. 71(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Demetris Vrontis & Ranjan Chaudhuri & Sheshadri Chatterjee, 2022. "Adoption of Digital Technologies by SMEs for Sustainability and Value Creation: Moderating Role of Entrepreneurial Orientation," Sustainability, MDPI, vol. 14(13), pages 1-19, June.
    2. de Camargo Fiorini, Paula & Roman Pais Seles, Bruno Michel & Chiappetta Jabbour, Charbel Jose & Barberio Mariano, Enzo & de Sousa Jabbour, Ana Beatriz Lopes, 2018. "Management theory and big data literature: From a review to a research agenda," International Journal of Information Management, Elsevier, vol. 43(C), pages 112-129.
    3. Patrick Mikalef & Ilias O. Pappas & John Krogstie & Michail Giannakos, 2018. "Big data analytics capabilities: a systematic literature review and research agenda," Information Systems and e-Business Management, Springer, vol. 16(3), pages 547-578, August.
    4. Sheshadri Chatterjee & Ranjan Chaudhuri & Sachin Kamble & Shivam Gupta & Uthayasankar Sivarajah, 2023. "Adoption of Artificial Intelligence and Cutting-Edge Technologies for Production System Sustainability: A Moderator-Mediation Analysis," Information Systems Frontiers, Springer, vol. 25(5), pages 1779-1794, October.
    5. Akter, Shahriar & Hossain, Md Afnan & Sajib, Shahriar & Sultana, Saida & Rahman, Mahfuzur & Vrontis, Demetris & McCarthy, Grace, 2023. "A framework for AI-powered service innovation capability: Review and agenda for future research," Technovation, Elsevier, vol. 125(C).
    6. Shahriar Akter & Samuel Fosso Wamba, 2016. "Big data analytics in E-commerce: a systematic review and agenda for future research," Electronic Markets, Springer;IIM University of St. Gallen, vol. 26(2), pages 173-194, May.
    7. Wamba, Samuel Fosso & Dubey, Rameshwar & Gunasekaran, Angappa & Akter, Shahriar, 2020. "The performance effects of big data analytics and supply chain ambidexterity: The moderating effect of environmental dynamism," International Journal of Production Economics, Elsevier, vol. 222(C).
    8. Akter, Shahriar & Motamarri, Saradhi & Hani, Umme & Shams, Riad & Fernando, Mario & Mohiuddin Babu, Mujahid & Ning Shen, Kathy, 2020. "Building dynamic service analytics capabilities for the digital marketplace," Journal of Business Research, Elsevier, vol. 118(C), pages 177-188.
    9. Mariani, Marcello M. & Fosso Wamba, Samuel, 2020. "Exploring how consumer goods companies innovate in the digital age: The role of big data analytics companies," Journal of Business Research, Elsevier, vol. 121(C), pages 338-352.
    10. Ahmad Ibrahim Aljumah & Mohammed T. Nuseir & Md. Mahmudul Alam, 2021. "Traditional marketing analytics, big data analytics and big data system quality and the success of new product development," Post-Print hal-03538161, HAL.
    11. López Zapata, Esteban & García Muiña, Fernando Enrique & García, Susana María, 2019. "Analysing the relationship between diversification strategy and firm performance: the role of the economic cycle," Cuadernos de Gestión, Universidad del País Vasco - Instituto de Economía Aplicada a la Empresa (IEAE).
    12. Lydia Bals & Jon F. Kirchoff & Kai Foerstl, 2016. "Exploring the reshoring and insourcing decision making process: toward an agenda for future research," Operations Management Research, Springer, vol. 9(3), pages 102-116, December.
    13. Sanghyun Kim & Bora Kim & Minsoo Seo, 2020. "Impacts of Sustainable Information Technology Capabilities on Information Security Assimilation: The Moderating Effects of Policy—Technology Balance," Sustainability, MDPI, vol. 12(15), pages 1-24, July.
    14. Valle, Sandra & García, Francisco & Avella, Lucía, 2015. "Offshoring Intermediate Manufacturing: Boost or Hindrance to Firm Innovation?," Journal of International Management, Elsevier, vol. 21(2), pages 117-134.
    15. Mehmet Ali Köseoglu & John A. Parnell & Melissa Yan Yee Yick, 2021. "Identifying influential studies and maturity level in intellectual structure of fields: evidence from strategic management," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(2), pages 1271-1309, February.
    16. Aleš Popovič & Ray Hackney & Rana Tassabehji & Mauro Castelli, 2018. "The impact of big data analytics on firms’ high value business performance," Information Systems Frontiers, Springer, vol. 20(2), pages 209-222, April.
    17. Richard J. Arend, 2020. "Getting Nothing from Something: Unfulfilled Promises of Current Dominant Approaches to Entrepreneurial Decision-Making," Administrative Sciences, MDPI, vol. 10(3), pages 1-22, August.
    18. Luigi Cantone & Pierpaolo Testa & Svend Hollensen & Giuseppe Fabio Cantone, 2019. "Outsourcing New Product Development Fostered By Disruptive Technological Innovation: A Decision-Making Model," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-45, January.
    19. Garrison, Gary & Wakefield, Robin L. & Kim, Sanghyun, 2015. "The effects of IT capabilities and delivery model on cloud computing success and firm performance for cloud supported processes and operations," International Journal of Information Management, Elsevier, vol. 35(4), pages 377-393.
    20. Choi, Jongmoo Jay & Ju, Ming & Trigeorgis, Lenos & Zhang, Xiaotian Tina, 2021. "Outsourcing flexibility under financial constraints," Journal of Corporate Finance, Elsevier, vol. 67(C).

    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:annopr:v:308:y:2022:i:1:d:10.1007_s10479-020-03620-w. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.