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Digital Transformation And Value Creation

The digital transformation of our economic and societal systems is fully underway. The changes are massive and long-lasting. Going digital reduces the costs of administering social and commercial transactions, allows for globally networked interactions, and is characterized by real-time, vast datasets that let us observe behavior at a societal scale at with unprecedented detail.

The research initiative wants to contribute to our understanding of how the digital transformation advances value creation commercially (customers and firms) and overall welfare for individuals and society.

Among the most pressing questions are:

  • When and how can customers benefit from the digital transformation?
  • When and how can firms benefit from the digital transformation?
  • When and how can individuals within society and society at large benefit from the digital transformation?

More information and news can be found on the following website: http://www.digital.uni-koeln.de