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How to Achieve Digital Transformation at Low Costs

In: Methodology for Digital Transformation

Author

Listed:
  • Xiaodong Ma

    (Suzhou Guoyun Data Technology Co., Ltd.
    University of Science and Technology of China)

Abstract

The profit margins of many industries have declined, especially SMEs in the manufacturing industry in recent years. Faced with many headwinds like rising labor costs, outdated management, lack of innovation, and low operational efficiency, some companies have closed and declared bankruptcy. Despite the declining economic conditions compared to prior years, the consumer sector is still maintaining robust demand, creating opportunities for companies to tap and lead in this segment.

Suggested Citation

  • Xiaodong Ma, 2023. "How to Achieve Digital Transformation at Low Costs," Management for Professionals, in: Methodology for Digital Transformation, chapter 0, pages 125-129, Springer.
    • Handle: RePEc:spr:mgmchp:978-981-19-9111-0_10
    DOI: 10.1007/978-981-19-9111-0_10
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