Policy, Development and Freedom: Strengthening Innovation Through Sustainable Digital Transformation for Global Challenge

DOI

10.2991/978-94-6463-068-8_5How to use a DOI?

Keywords

Sustainability; Digital Transformation; Digital Technology; Innovation

Abstract

In most of the cases sustainability is associated with environment. Since the era of digitalization has started, the world is getting transformed digitally on each and every moment. The transformation of digitalization has characterized by the technology which helps to increase the speed and vastness of knowledge turnover within the economy and society. The pattern of digital transformation is getting updated each and every day. People are working on more advanced digital transformation because world does not want to stuck in one place rather this world is moving forward very fast. People are working on these for a better world, society, economy. Digital transformation should be benefic for large number of people. Though digital transformation is a constant changeable process and it requires a large amount of investment it would be better if people get benefitted by the digital transformation for a longer period of time. Innovation is key of digital transformation. Innovation is a process which leads to the development of new technology. Through the process of innovation business is getting modernize, efficient workflows are getting accelerate, increase profitability and security. A Conceptual framework for innovation is very important in the process of digital transformation. Digital transformation has many benefits such as it reduces inefficiencies, improved productivity, lower production and maintenance cost while increasing system flexibility. But due to lack of proper framework many times organization has face many challenges when it found to move forward towards digital transformation. The challenges are lack of proper implementation of standard protocol, giving emphasis on new technologies without assessing its role within the business, investing money on digital implementation without a realistic view of return on investment. We must remember that machine serving the cause of man. Machines with inputs from human side took perform quasi human actions. In this study we are going to explore how digital transformation can be more sustainable by strengthening the innovation to face the global challenge.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Arpita Ghosal
AU  - R. P. Banerjee
PY  - 2022
DA  - 2022/12/16
TI  - Policy, Development and Freedom: Strengthening Innovation Through Sustainable Digital Transformation for Global Challenge
BT  - Proceedings of the International Conference on Global Innovation and Trends in Economics and Business (ICOBIS 2022)
PB  - Atlantis Press
SP  - 62
EP  - 66
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-068-8_5
DO  - 10.2991/978-94-6463-068-8_5
ID  - Ghosal2022
ER  -