Digital Transformation
Meet our KEY Co-Leads:
Both in Korea and in Europe, governments are implementing new regulation to ensure that these technologies are used in a responsible manner but also aimed at promoting innovation and growth. These frameworks are encouraging investment and innovation in the digital space, driving economic growth and development. For instance, the Seoul metropolitan government is currently building a 3,9 billion-won Metaverse platform to allow citizens to access public services virtually.
The significance of digital transformation is continuing to grow in all areas, and it is allowing organizations to become more agile, efficient, and competitive in today's fast-paced and increasingly digital world. Many businesses are investing heavily in digital transformation initiatives in order to stay ahead of the competition and remain relevant in the digital age. However, there are many challenges that come with digital transformation: Organizations need to constantly innovate and adapt to new technologies; they need to integrate and align their various digital technologies and systems in order to maximize their effectiveness; and they need to manage significant cultural and organizational changes.
The challenges of digital transformation highlight the need for organizations to be innovative and adaptable in order to succeed in the digital age. This requires a willingness to embrace new technologies and a commitment to continuously improving and evolving their operations in order to stay ahead of the competition and meet the changing needs of their customers.
The Digital Transformation working group will be doing research on disruptive digital innovation and transformation, focusing on challenges and issues Korean and European organizations are facing. With our knowledge on digitalized environments and networked societies, we seek to provide practical answers to various industries, as well as help them transform their ways of operation.