Category Archives: Digital Transformation

Abstract The success of the ongoing fourth industrial revolution largely depends on our ways to cope with the novel design challenges arising from a combination of an enormous increase in process and product complexity, as well as the expected autonomy and self-organization of complex and diverse industrial hardware–software installments, often called systems-of-systems. In this paper, […]

Abstract Many smart city applications have been proposed and demonstrated over the years; however, moving to large-scale deployment is still scarce. A contributing factor to this scarcity is the lack of well-established engineering methodologies for large-scale smart city applications. This paper addresses engineering methodologies and tools for large-scale smart city application engineering, implementation, deployment, and […]

WHAT IS MODELING ABOUT? George E.P. Box, said: “Essentially, all models are wrong, some models are useful.” Modeling, in the broadest sense, is the cost-effective use of something in place of something else for some cognitive purpose. It allows us to use something that is simpler, safer or cheaper than “reality.” A model represents reality […]

This academic article represents a large empirical study investigating the implication of implementing digital technologies on firm-level performance and the perceived market value. In essence, the findings suggest that the market values investment in digital transformation as disclosed in the management text of the 10k, but the non-financial value of digitalization is poorly reflected in […]