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https://hdl.handle.net/11499/56543
Title: | Cost-Effective Digital Transformation of SMEs through Low-cost Digital Solutions | Authors: | Yilmaz, G. Qurban, K. Kaiser, J. McFarlane, D.C. |
Keywords: | Intelligent buildings Sustainable development Business Process Cost effective Cost inventory Digital solutions Digital technologies Digital transformation Inventory tracking Low-costs Small and medium-sized enterprise Tracking solutions Cost effectiveness |
Publisher: | Institution of Engineering and Technology | Abstract: | Digital transformation is the process of using digital technologies to enhance business processes. Although digital transformation has become significant for the sustainability of Small and Medium-sized Enterprises (SMEs), they are challenged by the barriers to digitalisation due to their limited resources, and the complexity of equivalent commercial solutions. Low-cost digital solutions are often tailored to meet the requirements of SMEs to initiate their digital transformation. However, there is a lack of studies about the cost-effectiveness of acquiring low-cost digital solutions compared to off-the-shelf commercial tools, particularly for SMEs. This study demonstrates the cost-effectiveness of low-cost digital solutions for SMEs through a real-world case study performed in a sustainable building components manufacturer and off-site construction SME. We developed a low-cost inventory tracking solution using a so-called'Digital Shoestring' approach, which provides a template for designing digital solutions based on low-cost readily available hardware and software components. The time/effort and cost spent on designing and developing the digital solution were compared with potential off-the-shelf commercial inventory tracking solutions. The results showed that the low-cost inventory tracking solution facilitated the digital transformation of the construction SME in a cost-effective manner. Moreover, the inventory tracking solution was tailored based on the user requirements of the SME, thereby making it more suitable for their day-to-day operations. © 2023 IET Conference Proceedings. All rights reserved. | Description: | 2023 Low-Cost Digital Solutions for Industrial Automation, LoDiSA 2023 -- 25 September 2023 through 26 September 2023 -- 194731 | URI: | https://doi.org/10.1049/icp.2023.1742 https://hdl.handle.net/11499/56543 |
ISSN: | 2732-4494 |
Appears in Collections: | Mühendislik Fakültesi Koleksiyonu Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection |
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