THE DIGITAL ECONOMY’S IMPACT ON BUSINESS PROCESS MANAGEMENT TRANSFORMATION

Abstract

Companies must change their business procedures in light of the digital economy's explosive growth in order to stay competitive and adjust to the new market and technology realities. With the advent of digital technologies like automation, big data, and artificial intelligence, you can boost output, streamline processes, and enhance customer service. However, the hazards of cyberattacks, data leaks, and digital theft are also rising at the same time, necessitating the implementation of thorough cybersecurity measures and ongoing security system enhancement.

The study's findings will demonstrate that effective digital transformation necessitates not just the adoption of new technologies but also the establishment of an innovative and adaptable corporate culture. Additionally, it will be disclosed that businesses that employ integrated cybersecurity strategies are more resilient to emerging threats.

Companies should therefore focus on the strategic elements of cybersecurity and change management in addition to the technological side of transformation given the state of the digital economy today. In the midst of ongoing market changes, a thorough strategy based on the study helps firms reduce risks and boost their competitiveness and adaptability, giving them more stability and flexibility.