A High Level Introduction

In this chapter, we discuss the overarching concept of digital transformation. We make an argument that literature on digital transformation is dominated by scholars in the developed world. Literature is scarce on the views and case studies in the developing world. This book is an attempt to look at digital transformation from the lenses of scholars in the developing world. The book consists of twelve chapters covering digital transformation in enterprise risk management (ERM), the role of digital transformation in driving financial inclusion and accessibility and the challenges limiting the adoption of digital transformation by banks and other financial institutions, the current state of digital transformation, the challenges that are faced, the existing digital gaps and digital literacy, and the potential benefits associated with the use of digital technology in rural areas, and digital transformation and process improvement in the general finance environment. It further covers the effects of digital transformation on reputation management, the concept of digital transformation in the marketing environment, the adoption of digital technologies in the auditing environment through the lenses of Technology Task Fit Theory, the role of technologies in digitalizing corporate reporting through a consistent and efficient configuring and restructuring of the most informative quantitative and qualitative data from the source to the end users of corporate reports, digital transformation by tax authorities and the impact of digital transformation on small businesses and offers insights into best practices for its implementation.