Abstract

Digital transformation (DT) has become a buzzword, triggering different disciplines in research and influencing practice, which leads to independent research streams. Scholars investigate the antecedents, contingencies, and consequences of these disruptive technologies by examining the use of single technologies or of digitization, in general. Approaches are often very specialized and restricted to their domains. Thus, the immense breadth of technologies and their possible applications conditions a fragmentation of research, impeding a holistic view. With this systematic literature review, we aim to fill this gap in providing an overview of the different disciplines of DT research from a holistic business perspective. We identified the major research streams and clustered them with co-citation network analysis in nine main areas. Our research shows the main fields of interest in digital transformation research, overlaps of the research areas and fields that are still underrepresented. Within the business research areas, we identified three dominant areas in literature: finance, marketing, and innovation management. However, research streams also arise in terms of single branches like manufacturing or tourism. This study highlights these diverse research streams with the aim of deepening the understanding of digital transformation in research. Yet, research on DT still lacks in the areas of accounting, human resource management, and sustainability. The findings were distilled into a framework of the nine main areas for assisting the implications on potential research gaps on DT from a business perspective.

Highlights

  • The pervasive influence of digital technologies impacts value creation and value capture (Schwab 2017) as digital products become more the rule than the exception (Brynjolfsson and McAfee 2014)

  • Our study aims at structuring existing research, identifying the major current trends, and offers an overview of recent research streams and topics in the area of Digital Transformation (DT) from a business perspective

  • The study is based on a structured literature review, combined with a citation network analysis, which enables us to deal with a huge amount of literature

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Summary

Introduction

The pervasive influence of digital technologies impacts value creation and value capture (Schwab 2017) as digital products become more the rule than the exception (Brynjolfsson and McAfee 2014). Given the transformational character of these digital products on many levels, the concept of Digital Transformation (DT) receives increasing attention in management research and practice For our purposes, it helps to understand DT as generally the “disruptive implications of digital technologies” Researchers do not even agree on a common definition of the term “digital transformation” (cf Morakanyane et al 2017) and it is often used interchangeably with terms like “digitization” and “digitalization” This complexity leads to uncertainty regarding the topic, especially in practice, such that many firms struggle with the development, diffusion, and implementation of new technologies regarding digital transformation (Brynjolfsson and McAfee 2014), and great opportunities remain wasted (Hirsch-Kreinsen 2015)

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