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Seminar paper from the year 2017 in the subject Business economics - Business Management, Corporate Governance, grade: 2, Management Center Innsbruck, course: Management, Communication and IT, language: English, abstract: Social Media, Big data, Cloud Computing and the Internet of Things - all these are buzzwords when it comes to digitalization. These days the word "digital" can be found everywhere. It has an impact on society and economy. All these digital innovations came up in the 21st century and they are not only challenging companies, they are changing whole industries. Companies have to be innovative to adapt to change that comes with new technologies. Leaders must know how to transform their organizations the most effective and efficient way and lead a company through this phase of transition.
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