The Financial Aspect of Digital Transformation for Businesses: The Road to Sustainable
The Financial Aspect of Digital Transformation for Businesses: The Road to Sustainable

Author(s): Adem Özdemir
Subject(s): Business Economy / Management, Economic development, ICT Information and Communications Technologies
Published by: Özgür Yayın Dağıtım Ltd. Şti.
Keywords: Digital transformation; Businesses; sustainability;
Summary/Abstract: Digital transformation is one of the most popular topics of recent days. Businesses want to gain competitive advantage by digitalizing their processes, increase their market share, increase their efficiency and productivity, and reduce their costs. However, it should not be forgotten that there is a serious cost to be incurred in order to implement digital transformation fully and efficiently. It is important how and where businesses will cover the cost of the investment, they will make to realize digital transformation. In order to implement a successful digital transformation, high quality technology products must be purchased at low costs. At this stage, the finance department of the enterprise should determine what to do and how to overcome this situation with a correct strategic planning. Afterwards, what should be done in order for the investment to be sustainable and to make the expected contribution to the business should be put on the agenda. In this study, the financial dimension of digital transformation is discussed and the relationship between sustainability and digital transformation is tried to be given as a review. As a result, it can be said that the success of digital transformation can be achieved through effective financial management and digital transformation makes a significant contribution to sustainability.

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