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

Abstract

Digitalization 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 infrastructures is not easy. The digital transition has been recognized as a global challenge in today's societies that need collaboration to get valuable technological assets. This idea has been defined as “technology transfer”(TT) and has been identified as one of the most critical determinants for digitalization achievement. Although there is consensus on the positive side of TT and digitalization, there is anecdotal evidence of the negative part and the challenges that this new paradigm brings. To offer a holistic understanding of the consequences and the impact of TT in a digitalized economy, this chapter provides a conceptualization of TT and digitalization, investigates its advantages and disadvantages; shows some applied evidence through the lenses of real cases; identifies the main challenges and implications that TT and digitalization have on today's society and organizations.