Vol: 14, Issue: 1 2024

Page: 042-048

Digital Transformation Of Businesses, Its Need & Mechanism

Ayushie Gupta

http://doi.org/10.37648/ijtbm.v14i01.006

On the basis of the analysis of digital transformation models and an assessment of digital maturity in the management of a model and mechanism for the transformation of enterprises, the present article defines participants of a strategic partnership in three institutional spaces of an enterprise model of digital transformation. Mechanism of enterprise's digital transformation is an organizational and economic interaction of such participants, using methods and tools that ensure these interactions. Proposed model and mechanism of managing the enterprise's digital transformation is connected with creating new forms of cooperation in three institutional spaces by using short-term flexible cycles of development of software, creation of new forms of digital innovation services, and then putting these services into practice through digital transformation.