The Impact of Digital Transformation on Tradi...

The Impact of Digital Transformation on Traditional Industries: Enhancing Efficiency and Addressing Challenges

Author Name : Muskan Malik

DOI: https://doi.org/10.56025/IJARESM.2024.1209242217

ABSTRACT Traditional industries, including agriculture, manufacturing, and healthcare, are fundamental to the global economy and societal development. Historically, these industries have been slower to adopt technology compared to others. However, in recent years, digital transformations—such as the integration of AI, IoT, and automation—have significantly enhanced their efficiency and operational development. This paper evaluates various aspects of digital transformation in these industries, examining its impact on key stakeholders, including shareholders, customers, and society, while addressing the associated benefits and challenges. The findings suggest that successful implementation of technology is crucial for improving the efficiency and scalability of traditional industries, provided it is executed thoughtfully and with proper integration.