Digitalization is the procedure for converting hard/paper files and documents in digital codecs. This allows data and data to be accessed instantly. This will make it easier for your business to manage the operations and helps to create fresh opportunities pertaining to revenue technology. Whether you could have outdated legal systems, manual operations that could cloudycrowd.net/2023/05/16/the-benefits-of-data-analysis end up being automated or perhaps inefficient connection between employees and managers, business digitization can help you solve these issues and boost output.

The COVID-19 outbreak revealed the sensible value of digitalization in public areas crisis response strategies. However , digitalization is too little to respond to ongoing hazards. Instead, businesses need to strive to turn dangers into possibilities through strategic responses. Because of this , it is important for organizations to have powerful capabilities – a combination of processes and solutions that enables those to adapt in the face of disruption (George et ‘s. 2014; Nylen and Holmstrom 2015).

Existing research has displayed that digitalization can increase firm’s powerful capacities by elevating their capability to sense the surroundings, to seize opportunities, and reconfigure information. Moreover, these kinds of capabilities will be critical for firms’ ability to effectively manage open public crises. Depending on these studies, this article explores the connections between digitalization, dynamic capacities, and open public crisis response strategies employing a survey involving 518 SMEs in China. The results demonstrate that SMEs with huge levels of digitalization have better crisis response performances than those with low level of digitalization. Further, a qualitative examination suggests that digitalization can help SMEs develop and implement immediate emergency reactions and long-term crisis management approaches.