Examining the Role of Technology Transfer on Digitalization: Consequences and Challenges

DigitalizationDigitalization has become critical in today's economies as it allows individuals access to resources and capabilities that could not have been accessed without it. However, the development of digital infrastructuresDigital infrastructures is not easy. The digital transitionDigital transition has been recognized as a global challengeChallenges in today's societies that need collaborationCollaboration to get valuable technological assets. This idea has been defined as “technology transferTechnology transfer (TT)”(TTTechnology transfer (TT)) and has been identified as one of the most critical determinants for digitalizationDigitalization achievement. Although there is consensus on the positive side of TTTechnology transfer (TT) and digitalizationDigitalization, there is anecdotal evidence of the negative part and the challengesChallenges that this new paradigm brings. To offer a holistic understanding of the consequencesConsequences and the impact of TTTechnology transfer (TT) in a digitalized economy, this chapter provides a conceptualizationConceptualization of TTTechnology transfer (TT) and digitalizationDigitalization, investigates its advantagesAdvantages and disadvantagesDisadvantages; shows some applied evidence through the lenses of real cases; identifies the main challengesChallenges and implicationsImplications that TTTechnology transfer (TT) and digitalizationDigitalization have on today's society and organizations.