This work is licensed under a Creative Commons Attribution 4.0 International License .
Role of Digital Technologies in Business Management: Opportunities and Challenges
Deepthi Poreddy, K. Radhika, K. Deepasri
Associate Professor, Department of Business Management, Vaagdevi College of Engineering, Warangal (TS), India
Abstract
Digital Technologies have emerged as a transformative force in modern organisations, reshaping how businesses operate, compete and deliver value. The rapid advancement of digital technologies has significantly transformed the landscape of business management in the modern era. This article examines the role of key technologies such as Artificial Intelligence, Cloud Computing, and Big Data Analytics in enhancing organizational efficiency, decision-making, and overall performance. It highlights how these technologies enable businesses to streamline operations, improve customer engagement, and gain a competitive advantage in a dynamic market environment. At the same time, the article explores the challenges associated with digital transformation, including high implementation costs, cyber security threats, data privacy concerns, and the need for a skilled workforce. The study emphasizes the importance of strategic planning and effective change management to overcome these barriers. Overall, the article concludes that while digital technologies present numerous opportunities for innovation and growth, organizations must adopt a balanced and proactive approach to address the associated challenges and ensure sustainable business success. It also offers significant potential for business growth and competitive advantage, their successful adoption requires careful planning, investment in skills, and robust risk management strategies. .
Keywords: Digital Transformation, Artificial Intelligence, Cloud Computing, Data Privacy, Digital Innovation.
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