Digitalization describes the phenomenon of how business and society are increasingly pervaded by digital technologies (such as Social Media, Big Data, Clouds, Smart Devices, or the Internet of Things), as well as the change in interconnectedness of individuals and the subsequent change in their behavior. Because of the pressure on firms to innovate and develop new technologies, digitalization requires sweeping changes in how companies think. In order to be successful in a digital world, companies need to reevaluate their current business models and introduce innovative solutions throughout their value chains. Challenges as well as opportunities arise from this development, for both business and society. It is crucial to deal with the challenges associated with the digitalization and to take advantage of its many opportunities.
We, the Research Center Finance & Information Management and the Project Group Business & Information Systems Engineering of the Fraunhofer FIT, have recognized this trend early on and have acquired scientific knowledge and practical experience revolving around the topic of digitalization for many years. This vast knowledge enables us to support and guide society and businesses in their digital transformation. Digital transformation describes the goal-oriented adjustment efforts that have become necessary in order to maintain a sustainable value chain in the light of advancing digitalization. For instance, in our recent study “BPM in the Digital Age” we developed a new BPM capability framework considering the affordances of the digital economy.
To support with this transformation process, we are able to access a multifaceted pool of expertise from our existing research groups which have conducted multiple digitalization projects in cooperation with several of our business partners. In addition to that, we have published numerous scientific papers in renowned publication outlets on the topic (for more details see below). Last but not least, we’re in a steady exchange with our colleagues from both research and practice. Based on this knowledge transfer we recently published the study “Digital Transformation – Changes and Chances”, in which we investigate the opportunities and challenges that arise from digital transformation, and identify the relevant fields of action that arise from it.
Selected insights into our research
“Designing IT Setups in the Digital Age”
in cooperation with A.T. Kearney
“Smart Data Transformation”
in cooperation with Infosys Consulting
„Study: Digital Transformation: Changes and Chances“
„Book: IT-Management im Zeitalter der Digitalisierung“
In our innovative applied research projects, we solve practical issues of Digitalization with scientific methods. Some selected projects are:
- Deutsche Bahn: Development of a concept for IT-support and process improvement in the context of digitalization with DB Fernverkehr (2015)
- Bundesministerium für Bildung und Forschung (BMBF): City of the future „Bad Hindelang“ – Digitalization of an alpine tourism community (2015)
- Deutsche Postbank AG: Development of a road map for online investment strategy based on market, product, and competitor analysis. (2014)
- MELOS GmbH: Agile development of a concept for modularization and domain specific configuration mechanisms for data driven processes (2014-2016)
- Metafinanz: Development of a metadata model for selected data sources in a BigData context (2013)
- Hilti AG: Design of an agile innovation and development process for mobile applications and the implementation of its IT-support; Industrialization of social collaboration services; Assessment of mobile app projects based on an integrated view of its costs, benefits, and risks (2012)
- MLP: Conception, development and test of a web-based customer service portal, that involves functionality for the consultation and assistance of MLP target group customers. The platform is based on a unified database, features an ergonomic user interface, and enables holistic, process-driven and profile-based financial advice. (since 2009)
We foster knowledge exchange with our colleagues from research and practice on the topic of Digitalization through the following events:
- Workshops with individual businesses (e.g. Wacker, LEW)
- Keynotes und panel discussions (e.g. IHK Schwaben)
- Round Tables (e.g. CIO round table in Bayreuth, Symposium “Effect of Digitalization on family-owned enterprises”)
The Research Center Finance & Information Management and the Project Group Business & Information Systems Engineering of the Fraunhofer FIT recently published the study “Digital Transformation – Changes and Chances”, in which we investigate the opportunities and challenges that arise from digital transformation, and identify the relevant fields of action that arise from it. We identified six fields of action, that businesses need to address in order to navigate the waters of digitalization. Based on our results, we developed a self-assessment tool which enables businesses to assess their own digitalization maturity level and to derive adequate measures to fill the voids of their digitalization strategy.
Should you be interested in our study “Digital Transformation – Changes and Chances” or a cooperation with us in the area of digital transformation, we welcome you to contact us through the following email address: firstname.lastname@example.org