Impact of Digitalization on Social Entrepreneurship

Abstract

This research work demonstrates the method of examining the influence of digitalization in social entrepreneurial perspectives. For this purpose, three major digital transformation domains, namely, blockchain, artificial intelligence (AI) and cloud services were considered. For all three domains, their adoption over time is studied and further analyzed. Consequently, it is observed that all three have a noteworthy positive influence to improve the business performance, trade, supply chain and similar disciplines. For the blockchain, their user activity like addition of new wallets, transactions made and the market price for bitcoins over time was used. For AI, data from tech fundings prior to the year 2020–2021 were obtained and AI adoption in several regions was analyzed. Finally, for cloud services, cloud computing adoption data (2009–2019) at both the individual and organizational level were studied. This research is useful for business entities to further support the fact that digitalization has modernized legacy processes, enabled rapid innovation, strengthened security and increased profitability.

Citation

Khanzada, A.A., Hasnain, A., Narejo, S., Chowdhry, B.S. and Laxmi, L. (2023), "Impact of Digitalization on Social Entrepreneurship", Akkaya, B. and Tabak, A. (Ed.) Two Faces of Digital Transformation, Emerald Publishing Limited, Leeds, pp. 19-29. https://doi.org/10.1108/978-1-83753-096-020231002