The digital transformation of business undertakings

Abstract

The objective of this work is the investigation of the peculiarities of the digital transformation of business undertakings under the conditions of contemporary economic development. In the process of research, the differences between the notions of digitalization, numeralization and digital transformation were determined. Both positive and negative aspects of digital transformation were depicted. Contemporary business models which emerged during the process of digital transformation were characterized. The principal competences and basic directions of personnel training were prescribed. It was recommended to carry out digital transformation according to the following steps: preparation; planning; bringing personnel into transformation; digitalizing data and documents; and checking and implementing the new operational model and renewing the company’s business model.