Investigating the Role of Transformative Technologies and Smart Processes on Sustainable Business

2. Digital Transformations

Nowadays, in developing nations, businesses are known as the spine of the economy since they play a critical part in business, economic development, and the mobilization of innovation and creativity. In any case, most of these companies, particularly within the early stages of their life cycle, have small use and confront a quickly changing world (Son et al., 2023).

The expanding utilization of digital technologies and dependence on them has brought critical changes in business and society. There has been a crucial center on organizational data systems for a long time. This extraordinary consideration comes from better coordinating unused innovations (equipment and programs) with business forms (Su et al., 2023). Commerce forms depend on innovation more than anything else since innovation straightforwardly influences trade forms and changes how they work. Digital innovation is recognized as a primary factor in competition to execute a vital arrangement and bolster center competencies. In this manner, directors have essentially expanded their investment in digital innovation over time Since digital innovations quicken trade show advancement by making esteem, retaining and utilizing resources, and altering the standards of the financial cycle within the industry(Nozari et al., (b), 2023).