The Future of Digital Business Innovation Trends and Practices

This book identifies and discusses the main challenges facing digital business innovation and the emerging trends and practices that will define its future. The book is divided into three sections covering trends in digital systems, digital management, an

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The Future of Digital Business Innovation Trends and Practices

The Future of Digital Business Innovation

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Vincenzo Morabito

The Future of Digital Business Innovation Trends and Practices

Vincenzo Morabito Department of Management and Technology Bocconi University Milan, Italy

ISBN 978-3-319-26873-6 ISBN 978-3-319-26874-3 DOI 10.1007/978-3-319-26874-3

(eBook)

Library of Congress Control Number: 2016933148 # Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG Switzerland

Foreword

The Digital Revolution is one of the buzzwords in 2015 among both academics and practitioners. Coping with the Digital Revolution requires members of an organization to adapt to new measures, something individuals do not always find easy. The challenges of innovation in increasingly digitized businesses require a clear understanding about the role of IT in the definition of business models—what are the (possibly new) targets, which resources should be involved, and where should investment be centralized? A strong understanding of what’s out there and an intelligent use of appropriate business models are necessary to enable the alignment and convergence among vision, strategy, and resources of any company to then clarify and simplify governance choices, to weigh up the value of resources, and to define the correct policies that complement the organization’s operations. This book identifies the challenges, ideas, and trends to provide a “management toolkit for survival” in the Digital Revolution. The first part deals mostly with the technological trends emerging from the increased use of intelligent computers and advanced IT platforms and discusses topics like wearables, machine-to-machine communication, the emergence of digital currency, and data visualization and security. The