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Abstract
The introduction of information, technology, and innovation in goods and services is the cornerstone of success in the modern global economy. These significant digital revolution shifts have established new digitally related practices that enhance and add value to the way businesses and organizations operate. With this, it is more crucial than ever to comprehend the potential benefits digital transformation projects may offer businesses and the economy. This study contributes to the continuous research related to digital transformation by pondering the articles about its disposition. Furthermore, this may enlighten business stakeholders and policymakers on the substance of digital transformation in the business and economy. This study presents the 20 reviewed literature precisely their basis of the sources of data, geographical settings, statistical treatment employed, distribution of geographical settings of selected studies, the variable usage for digital transformation, its parameters, and the concepts or other variables it is being related with.
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
How to Cite
Sarmiento, A. G. M. (2024). A Systematic Literature Review of Digital Transformation. International Journal of Multidisciplinary: Applied Business and Education Research, 5(12), 4974-4991. https://doi.org/10.11594/ijmaber.05.12.07
References
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Cheng CL, Lin YC, Chen WH, Chao CF, Pandia H (2021) Role of government to enhance digital transformation in small service business. Sustainability, 13:2-24. https://doi.org/10.3390/ su13031028
Chen W, Du X, Lan W, Wu W, Zhao M (2023) How can digital economy development empower high-quality economic devel-opment? Technological and Economic Development of Economy, 29:1168 – 1194. https://doi.org/10.13106/jafeb.2021.vol8.no10.0077
Chen Y, Xu S, Lyulyov O, Pimonenko T (2023) China’s digital economy development: in-centives and challenges. Technological and Economic Development of Economy, 29:518-538.https://doi.org/10.17512/pjms.2019.19.2.02
Cheng Y, Zhou X, Li Y (2023) The effect of digi-tal transformation on real economy en-terprises’ total factor productivity. Inter-national Review of Economics and Fi-nance, 85: 488-501. https://doi.org/10.1016/j.iref.2023.02.007
Costa I, Riccotta R, Montini P, Stefani E, Goes R, Gaspar M, Martins F, Fernandes A, Ma-chado C, Locano R, Larieira C (2022) The degree of contribution of digital trans-formation technology on company sus-tainability areas. Sustainability, 12:1-27. https://doi.org/10.3390/su14010462
Demin S, Mikhaylova A, Pyankova S (2023) Digitalization and its impact on regional economy transformation mechanisms. In-ternational Journal System Assurance Engineering Management, 14:377-390. https://doi.org/10.17512/pjms.2019.19.2.02
Drechsler K, Gregory R, Wagner H, Tumbas S (2020) At the crossroads between digital innovation and digital transformation. Communication Association Information System, 47:521-538. https://doi.org/10.17705/1CAIS.04723
El Massaha S, Mohieldnib M (2020) Digital transformation and localizing the sus-tainable development goals. Ecological Economics, 169:1-10. https://doi.org/10.3390/ su13031028
Gulnaz A, Medeni T, Mussayeva D, Panzabekova A (2020) Digital transfor-mation enablers and barriers in the economy of Kazakhstan. Journal of Asian Finance Economic and Business, 7:565-575. https://doi.org/10.13106/jafeb.2020.vol7.no7.565
Karimov N, Saydullaev S, Khamidova F, Par-pieva R (2021) Digital transformation of the economy as a new challenge to eco-nomic security. Association for Compu-ting Machinery, 348-355 https://doi.org/10.1145/3508072.3508129
Ko A, Feher P, Szabo Z (2019) Digital trans-formation – A Hungarian Overview. Eco-nomic and Business Review, 21:371-392. https://doi.org/10.15458/ebr.91
Minh L (2021) A journey of digital transfor-mation of small and medium-sized enter-prises in Vietnam: insights from multiple cases. Journal of Asian Finance, Econom-ics, and Business, 8:77-85. https://doi.org/10.13106/jafeb.2021.vol8.no10.0077
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Mubarak M, Shaikh F, Mubarik M, Samo K, Mastoi S (2019) The impact of digital transformation on business performance. Engineering, Technology & Applied So-cial Science Research, 9:5056 – 5061. https://doi.org/10.48084/etasr.3201
Olczyk M, Kuc-Czarnecka M (2022) Digital transformation and economic growth – DESI improvement and implementation. Technological and Economic Develop-ment of Economy, 28:775-803. https://doi.org/10.1016/j.iref.2023.02.007
Parviainen P, Tihinen M, Kaariainen J, Teppola S (2017) Tackling the digitalization chal-lenge: how to benefit from digitalization in practice. International Journal of In-formation Systems and Project Manage-ment, 5:63-77. https://doi.org/: 10.12821/ijispm050104
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Tang L, Jiang H, Hou S, Zheng J, Miao L (2023) The effect of enterprise digital transfor-mation on green technology innovation: a quantitative study on Chinese listed com-panies. Sustainability, 15:1-18. https://doi.org/10.3390/ su151310036
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Xu C, Sun G, Kong T (2024) The impact of digi-tal transformation on enterprise green innovation. International Review of Eco-nomics and Finance, 90:1-12. https://doi.org/10.1016/j.iref.2023.11.001
Yoo I, Goo Yi C (2022) Economic innovation caused by digital transformation and im-pact on social systems. Sustainability 2022, 14:2600. https://doi.org/10.3390/su14052600
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Alojail M, Khan S (2023) Impact of digital transformation toward sustainable de-velopment. Sustainability, 15:1-20. https://doi.org/10.3390/ su13031028
Aleksandrova A, Truntsevsky Y, Polutova M (2022) Digitalization and its impact on economic growth. Brazilian Journal of Political Economy, 42:424-221. https://doi.org/10.13106/jafeb.2020.vol7.no7.565
Bocean C, Varzaru A (2023) EU countries’ digi-tal transformation, economic perfor-mance, and sustainability analysis. Hu-manities and Social Sciences Communica-tion, 1-15. https://doi.org/10.17512/pjms.2019.19.2.02
Bondar S, Hsu J.C., Pfouga A, Stjepandic J (2017) Agile digital transformation of system-of systems architecture models using Zachman framework. Journal of In-dustrial Information Integration, 7:33-43. https://doi.org/10.1016/j.jii.2017.03.001
Cheng CL, Lin YC, Chen WH, Chao CF, Pandia H (2021) Role of government to enhance digital transformation in small service business. Sustainability, 13:2-24. https://doi.org/10.3390/ su13031028
Chen W, Du X, Lan W, Wu W, Zhao M (2023) How can digital economy development empower high-quality economic devel-opment? Technological and Economic Development of Economy, 29:1168 – 1194. https://doi.org/10.13106/jafeb.2021.vol8.no10.0077
Chen Y, Xu S, Lyulyov O, Pimonenko T (2023) China’s digital economy development: in-centives and challenges. Technological and Economic Development of Economy, 29:518-538.https://doi.org/10.17512/pjms.2019.19.2.02
Cheng Y, Zhou X, Li Y (2023) The effect of digi-tal transformation on real economy en-terprises’ total factor productivity. Inter-national Review of Economics and Fi-nance, 85: 488-501. https://doi.org/10.1016/j.iref.2023.02.007
Costa I, Riccotta R, Montini P, Stefani E, Goes R, Gaspar M, Martins F, Fernandes A, Ma-chado C, Locano R, Larieira C (2022) The degree of contribution of digital trans-formation technology on company sus-tainability areas. Sustainability, 12:1-27. https://doi.org/10.3390/su14010462
Demin S, Mikhaylova A, Pyankova S (2023) Digitalization and its impact on regional economy transformation mechanisms. In-ternational Journal System Assurance Engineering Management, 14:377-390. https://doi.org/10.17512/pjms.2019.19.2.02
Drechsler K, Gregory R, Wagner H, Tumbas S (2020) At the crossroads between digital innovation and digital transformation. Communication Association Information System, 47:521-538. https://doi.org/10.17705/1CAIS.04723
El Massaha S, Mohieldnib M (2020) Digital transformation and localizing the sus-tainable development goals. Ecological Economics, 169:1-10. https://doi.org/10.3390/ su13031028
Gulnaz A, Medeni T, Mussayeva D, Panzabekova A (2020) Digital transfor-mation enablers and barriers in the economy of Kazakhstan. Journal of Asian Finance Economic and Business, 7:565-575. https://doi.org/10.13106/jafeb.2020.vol7.no7.565
Karimov N, Saydullaev S, Khamidova F, Par-pieva R (2021) Digital transformation of the economy as a new challenge to eco-nomic security. Association for Compu-ting Machinery, 348-355 https://doi.org/10.1145/3508072.3508129
Ko A, Feher P, Szabo Z (2019) Digital trans-formation – A Hungarian Overview. Eco-nomic and Business Review, 21:371-392. https://doi.org/10.15458/ebr.91
Minh L (2021) A journey of digital transfor-mation of small and medium-sized enter-prises in Vietnam: insights from multiple cases. Journal of Asian Finance, Econom-ics, and Business, 8:77-85. https://doi.org/10.13106/jafeb.2021.vol8.no10.0077
Morakanye R, Grace A, Reilly P (2017) Con-ceptualizing digital transformation in business organization: a systematics re-view of literature. Digital Transformation – From Connecting Things to Transform-ing Our Lives, 18-21. https://doi.org/10.18690/978-961-286-043-1.30
Mottaeva A, Khussainova Z, Yelena G (2022) Impact of the digital economy on the de-velopment of economic systems. Aqua-culture, 381 10.13106/jafeb.2020.vol7.no7.565
Mubarak M, Shaikh F, Mubarik M, Samo K, Mastoi S (2019) The impact of digital transformation on business performance. Engineering, Technology & Applied So-cial Science Research, 9:5056 – 5061. https://doi.org/10.48084/etasr.3201
Olczyk M, Kuc-Czarnecka M (2022) Digital transformation and economic growth – DESI improvement and implementation. Technological and Economic Develop-ment of Economy, 28:775-803. https://doi.org/10.1016/j.iref.2023.02.007
Parviainen P, Tihinen M, Kaariainen J, Teppola S (2017) Tackling the digitalization chal-lenge: how to benefit from digitalization in practice. International Journal of In-formation Systems and Project Manage-ment, 5:63-77. https://doi.org/: 10.12821/ijispm050104
Paul J, Ueno A, Dennis C, Alamanos E, Curtis L, Foroudi P, Kacpzak A, Kunz W, Liu J, Marvi R, Nair S, Ozdemir O, Pantano E, Papadopoulos T, Petit O, Tyagi S, Wirtz J (2024) Digital transformation: a multidis-ciplinary perspective and future research agenda. International Journal of Consum-er Studies, 48:1-28, https://doi.org/10.1111/ijcs.13015
Rodrigues L, Oliveira A, Rodrigues O (2023) Technology management has a significant impact on digital transformation in the banking sector. International Review of Economics and Finance, 88:1375-1388: https://doi.org/10.1016/j.iref.2023.07.040
Schwertner K (2021) The impact of digital transformation on business: a detailed review. Strategic Management in the Age of Digital Transformation, https://doi.org/10.51432/978-1-8381524-3-7_1
Skare M, Soriano D (2021) How globalization is changing digital technology adoption: an international perspective. Journal of Innovation & Knowledge, 6:222-233. https://doi.org/10.1016/j.jik.2021.04.001
Skog D, Wimelius H, Sandberg J (2018) Digital disruption. Business Information System Engineering, 60:431-437. https://doi.org/10.1007/s12599-018-0550-4
Tang L, Jiang H, Hou S, Zheng J, Miao L (2023) The effect of enterprise digital transfor-mation on green technology innovation: a quantitative study on Chinese listed com-panies. Sustainability, 15:1-18. https://doi.org/10.3390/ su151310036
Tiutiunyk I, Drabek J, Antoniuk N, Navickas V, Rubanov P (2021) The impact of digital transformation on macroeconomic stabil-ity: evidence from EU countries. Journal of International Studies, 14:220-234. https://doi.org/10.14254/2071-8330.2021/14-3/14
Veldhoven Z, Vanthienen J (2023) Best prac-tices for digital transformation based on a systematic literature review. Emerald Publishing Limited, 2:104-128. https://doi.org/10.1108/DTS-11-2022-0057
Xu C, Sun G, Kong T (2024) The impact of digi-tal transformation on enterprise green innovation. International Review of Eco-nomics and Finance, 90:1-12. https://doi.org/10.1016/j.iref.2023.11.001
Yoo I, Goo Yi C (2022) Economic innovation caused by digital transformation and im-pact on social systems. Sustainability 2022, 14:2600. https://doi.org/10.3390/su14052600
Zuo L, Li H, Gao H, Zhu M (2022) The sustaina-ble efficiency improvement of internet companies under the background of digi-tal transformation. Sustainability, 14. https://doi.org/10.3390/su14095600
Charlesworth Author Services. The importance of having large sample sizes for your re-search. [https://www.cwauthors.com/article/importance-of-having-large-sample-sizes-for-re-search#:~:text=On%20any%20hypothesis%2C%20scientific%20research,provide%20smaller%20margins%20of%20error], February 2, 2024
Dewer A Drahota A. Introduction to systematic reviews: online learning module. Cochrane Training. [https://training.cochrane.org/interactivelearning/module-1-introduction-conducting-systematic-reviews], Febru-ary 1, 2024
Hillier W. What is secondary data? A complete guide. Career Foundry. [https://careerfoundry.com/en/blog/data-analytics/what-is-secondary-data/], February 2, 2024
Institute for Work & Health. Primary data and secondary data. [https://www.iwh.on.ca/what-researchers-mean-by/primary-data-and-secondary-data], February 2, 2024
Organization for Economic Cooperation and Development. ICT investments. [https://data.oecd.org/ict/ict-investment.htm], February 3, 2024
Qureshi Z. How digital transformation is driv-ing economic change. Brookings. [https://www.brookings.edu/articles/how-digital-transformation-is-driving-economic-change/], February 3, 2024
Southern New Hampshire University. How old should or can a source be for my re-search? [https://libanswers.snhu.edu/faq/215024], February 13, 2024
The World Bank. Green digital transformation: how to sustainably close the digital divide and harness digital tools for climate ac-tion. World Bank Publication. [https://www.worldbank.org/en/topic/digitaldevelopment/publication/green-digital-transformation], February 3, 2024