Innovative Digital Technology and Economy Capacity Development

Abstract

Innovative digital technology supported by a human-centered society is required to balance economic advancement and environmental regeneration. Furthermore, digitalization creates new ways for companies to create added value in business. Modernizing business enterprises by combining digital technologies, physical resources, and the creativity of individuals is an essential step in innovative business transformation that may become a competitive advantage. Digital technologies create new ways for companies to integrate customers’ preferences into product development or service delivery across process chains. Technological innovations create new products, processes, and services that generate more added value for companies. The diffusion of innovations reshapes economic systems and increases business capacity development