Digital transformation

Business

Pure mathematics

Value (mathematics)

Mathematics

Knowledge management

Gene

Variety (cybernetics)

World Wide Web

Manufacturing engineering

Machine learning

Engineering

Marketing

Artificial intelligence

Chemistry

Process management

Digital economy

Transformation (genetics)

Data science

Digital ecosystem

Value creation

Computer science

Field (mathematics)

Disruptive technology

Business model

Biochemistry

Frontiers in Psychology

This paper has a two-fold aim: to analyze the development of the digital transformation field, and to understand the impact of digital technologies on business model innovation (BMI) through a structured review of the literature. The results of this research reveal that the field of digital transformation is still developing, with growing interest from researchers since 2014. Results show a need for research in developing countries and for more collaboration between researchers and practitioners. The review highlights that the field is fragmented among disruptive technologies, shared platforms and ecosystems, and new enabling technologies. We conclude that digital transformation has impacted value creation, delivery, and capture in almost every industry. These impacts have led to the employment of a variety of new business models, such as those for frugal innovation and the circular economy.

The Digital Transformation of Business Model Innovation: A Structured Literature Review