Assessment of digital transformation and modification of business models in Yekaterinburg, Russia: local business survey

Abstract

With the evolution of digital technologies, the traditional system of doing business has been fractured and many companies now more than ever have to react to digitalization. The digital transformation brings innovation not only into the delivering of product. This research paper purposed to clarify the definition of digital transformation (DT) and to analyze the structured approach with phases, activities and results. This research is based literature reviews that provides insight into the basic understanding of DT as well as the approach, phases, activities and results. Based on this review, the main findings are that although DT is known to a great extent, the path to the structured DT of business models is missing. This paper offers a clear definition of the DT of business models and phases for the DT of business models, also the paper offers examples of enablers and DT.