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Digital business transformation and its role in boosting U.S. competitiveness

Year: 2024
Type: article
Abstract: Digital business transformation has emerged as a critical factor in enhancing the competitiveness of U.S. industries in the global market. This study adopts a mixed-methods approach to explore the impact of digital transformation on various sectors, including healthcare, manufacturing, and finance. By integrating qualitative insights from case studies with quantitative data from surveys, the research reveals how technologies like artificial intelligence (AI), the Internet of Things (IoT), and data analytics drive productivity, operational efficiency, and customer-centric innovation. Findings indicate that while certain sectors have successfully leveraged these technologies to achieve significant gains, others face challenges related to infrastructure limitations, skills gaps, and regulatory barriers. The study emphasizes the need for continuous research and collaborative efforts between the public and private sectors to sustain U.S. leadership in technological advancement. The insights gathered from this research can serve as a foundation for formulating policies and business strategies that further promote digital adoption and economic growth.
Language: English
Open Access status: hybrid
OpenAlex ID: W4404660229
FWCI: 0.349
Cites:
Cited by: 1
Related to: 10