Impact of Digital Transformation on Firm Performance: Benedictions and Impediments

Abstract
This study conducts a systematic literature review to address the imperative of digital transformation in the current fast-paced, fiercely competitive economy. It emphasizes the critical role of digital technology adoption for organizations seeking performance enhancement and competitive advantage. Focusing on the manufacturing sector, the research delves into principal challenges surrounding digital transformation, employing an extensive literature study to explore industrial evolution, success-failure dynamics, and performance indicators. The study employs the Antecedents, Decisions, and Outcomes (ADO) framework, offering a structured evaluation of digital transformation’s facets and implications. This work contributes recommendations for future research in the manufacturing sector, aiming at untapped potentials. Studying 86 articles, the paper advances scholarly discourse in digital transformation. The review underscores a robust association between manufacturing firm productivity and digital technology, a result of transformative digital integration.
Keywords: Digital technology, Digital Transformation, Firm Performance, Manufacturing Industry.

Author(s): Darathi J, Madhumita Das*
Volume: 5 Issue: 4 Pages: 1395-1411
DOI: https://doi.org/10.47857/irjms.2024.v05i04.01662