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Imperatives of Business Models and Digital Transformation for Digital Services Providers

Imperatives of Business Models and Digital Transformation for Digital Services Providers

Ramamurthy Venkatesh, Liju Mathew, Tarun Kumar Singhal
Copyright: © 2019 |Volume: 15 |Issue: 1 |Pages: 20
ISSN: 1548-0631|EISSN: 1548-064X|EISBN13: 9781522564263|DOI: 10.4018/IJBDCN.2019010107
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MLA

Venkatesh, Ramamurthy, et al. "Imperatives of Business Models and Digital Transformation for Digital Services Providers." IJBDCN vol.15, no.1 2019: pp.105-124. http://doi.org/10.4018/IJBDCN.2019010107

APA

Venkatesh, R., Mathew, L., & Singhal, T. K. (2019). Imperatives of Business Models and Digital Transformation for Digital Services Providers. International Journal of Business Data Communications and Networking (IJBDCN), 15(1), 105-124. http://doi.org/10.4018/IJBDCN.2019010107

Chicago

Venkatesh, Ramamurthy, Liju Mathew, and Tarun Kumar Singhal. "Imperatives of Business Models and Digital Transformation for Digital Services Providers," International Journal of Business Data Communications and Networking (IJBDCN) 15, no.1: 105-124. http://doi.org/10.4018/IJBDCN.2019010107

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Abstract

Despite the increasing pace of digital transformation initiatives across many industry verticals, lack of understanding among business leadership is cited as one of the major barriers for successful implementation of business transformation. This article explores the imperatives of business models and digital transformation from practical perspective and proposes an improvised business model framework with particular focus on digital services providers. Extant literature covering the trends of business models and digital transformation were reviewed qualitatively along with select reports pertaining to challenges faced by communications service providers. Key findings of this article suggest, a practical framework and business model representation to mitigate the challenges of business models and digital transformation. The authors believe, such an approach shall open up new and innovative opportunities for communication service providers to become true digital service providers which will help their business customers to plan and empirically progress with their business transformation efforts.

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