Download pdf
Impact and Transformation: The Digital Economy’s Role in Traditional Industries
- 1 International Business School Suzhou（IBSS）, Xi'an Jiaotong-Liverpool University, Suzhou, Jiangsu, 215123,China
* Author to whom correspondence should be addressed.
Abstract
The rapid development of the digital economy has significantly reshaped traditional industries, particularly in the retail and manufacturing sectors. This paper explores the impact of digital technologies—such as big data, artificial intelligence, and the Internet of Things—on business operations, focusing on how these technologies have enabled retail enterprises to implement omnichannel strategies and optimize supply chain management. In the manufacturing industry, the study examines how intelligent manufacturing and industrial Internet applications have improved production efficiency and resource utilization. Using case studies and industry analysis, the research highlights the challenges faced by small and medium-sized enterprises in terms of technological upgrading and financial constraints during digital transformation. The paper concludes by discussing the broader implications of digital transformation across various industries and suggests future research directions, including examining the potential impact on other traditional sectors and exploring cross-industry digital integration trends.
Keywords
Digital Economy, Retail Transformation, Intelligent Manufacturing, Big Data, Cross-Industry IntegrationIntroduction
[1]. Li, Z., & Zhu, Q. (2024). Globalization of the digital economy: Historical inevitability, significant characteristics, and strategic choices. Journal of Lanzhou University (Social Sciences), (02), 25-39. https://doi.org/10.13885/j.issn.1000-2804.2024.02.003
[2]. Wen, W. (2024). Research on business model transformation of traditional retail enterprises under the background of digital economy: Taking Yonghui Superstores as an example. Outlook on the Bohai Rim Economy, (07), 37-40. https://doi.org/10.16457/j.cnki.hbhjjlw.2024.07.028
[3]. Yang, C. (2024). Research on the innovation and development path of traditional retail enterprises in the era of digital economy. China Circulation Economy, (13), 28-31. https://doi.org/10.16834/j.cnki.issn1009-5292.2024.13.023
[4]. Shen, Y., & Yang, J. (2024). Digital economy, technological innovation, and the transformation and upgrading of the manufacturing industry. Statistics & Decision, (03), 16-21. https://doi.org/10.13546/j.cnki.tjyjc.2024.03.003
[5]. Pan, Q., & Su, Y. (2023). How traditional retail enterprises bridge the digital divide in omnichannel transformation: A longitudinal case study of Yonghui Superstores. Business & Economy, (07), 80-83. https://doi.org/10.19905/j.cnki.syjj1982.2023.07.009
[6]. Yang, M. (2017). Digital economy: Economic logic of in-depth transition of traditional economy. Journal of Shenzhen University: Humanities & Social Sciences, 34(4), 101-104.
[7]. Yu, H. (2023). The impact of digital transformation on the performance of retail enterprises: A case study of Bestore. China Journal of Commerce, (21), 100-104. https://doi.org/10.19699/j.cnki.issn2096-0298.2023.21.100
[8]. Xie, J., Cui, Q., Cai, S., & Ma, X. (2022). Issues and suggestions for the digital transformation of small and medium-sized manufacturing enterprises in the digital economy era. Science & Technology Industry of China, (11), 56-59. https://doi.org/10.16277/j.cnki.cn11-2502/n.2022.11.018
[9]. Lu, M. (2023). An exploration of the integration between the digital economy and the traditional economy. Chinese & Foreign Corporate Culture, (6), 99-101.
[10]. Li, K. (2024). A brief discussion on the challenges of enterprise digital transformation in the digital economy era. Price Supervision and Anti-Monopoly in China, (01), 11-13.
Cite this article
Wang,J. (2025). Impact and Transformation: The Digital Economy’s Role in Traditional Industries. Advances in Economics, Management and Political Sciences,155,7-14.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 3rd International Conference on Financial Technology and Business Analysis
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).