Abstract
The paper aims to develop an econometric model for the routine diagnosis of enterprises' level of readiness for digital transformation (DT) on the example of small and medium-sized enterprises (SMEs) in Vietnam. The use of questionnaires allowed obtaining quantitative estimates of SMEs' level of readiness for DT in Vietnam. Factor analysis with the principal component method determines the list of factors of SMEs' readiness for DT. The ranges of the level of preparedness in Vietnam were determined, resulting in the classification of enterprises in the groups of "Newcomers," "Learners," and "Leaders" according to their use of digital technology and smart manufacturing. The integral index made it possible to quantify the impact of DT's readiness on SMEs' sustainability. The study results revealed that the nature of the impact depends on the level of SMEs' readiness for DT.
Highlights
Global modern social and economic development is characterized by a radically new approach to production based on: scaling automation of business processes, the widespread introduction of information technology, and artificial intelligence in industry
According to estimates of the World Economic Forum, by 2025, more than half of the world economy will already operate based on digital technologies, which will allow businesses to earn more than 30 trillion dollars extra (World Economic Forum, 2021)
We focus on building a digital transformation (DT) readiness assessment model suitable to the characteristics of Vietnamese small and medium-sized enterprises (SMEs) through 4 main dimensions of aspects with 16 variables that correspond to the areas of digital technologies use (Table 2)
Summary
Global modern social and economic development is characterized by a radically new approach to production based on: scaling automation of business processes, the widespread introduction of information technology, and artificial intelligence in industry. According to estimates of the World Economic Forum, by 2025, more than half of the world economy will already operate based on digital technologies, which will allow businesses to earn more than 30 trillion dollars extra (World Economic Forum, 2021). Global trends of active detailing of economic processes have necessitated the digitalization of production in Vietnam, where the business efficiency and competitiveness of the national economy are to be improved. Most companies, industries, and business structures in Vietnam are just beginning the digitalization
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