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All Journal Proceeding of International Conference Health, Science And Technology (ICOHETECH)
Sharma, Ridhima
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Computer Science & IT Decision Sciences, Operations Research & Management Health Professions Industrial & Manufacturing Engineering Medicine & Pharmacology

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Digital Business Model Innovation in The Metaverse: Strategic Approaches to Virtual Economy Opportunities Sharma, Ridhima; Sachdeva, Timcy
Proceeding of the International Conference Health, Science And Technology (ICOHETECH) 2024: Proceeding of the 5th International Conference Health, Science And Technology (ICOHETECH)
Publisher : LPPM Universitas Duta Bangsa Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47701/icohetech.v5i1.4131

Abstract

The metaverse, an expansive digital ecosystem blending augmented reality (AR), virtual reality (VR), and blockchain technology, is reshaping traditional business models and creating new opportunities in the virtual economy. This paper explores the transformative impact of the metaverse on digital business model innovation. As businesses navigate this emerging frontier, they must adapt to the unique characteristics of the metaverse, including the creation and monetization of virtual goods, immersive customer experiences, and decentralized financial systems. Strategic approaches involve understanding evolving consumer behaviors, ensuring interoperability across various platforms, addressing security and privacy concerns, and navigating ethical and regulatory challenges. The metaverse offers unprecedented potential for innovation, enabling businesses to engage with global audiences in novel ways and create new revenue streams. By examining successful case studies and emerging trends, this analysis provides insights into effective strategies for leveraging the metaverse's potential. As the digital landscape continues to evolve, businesses that embrace these opportunities and address associated challenges will be well-positioned for success in the virtual economy. The metaverse represents a significant shift in how value is created and exchanged, heralding a new era of digital business innovation.
Responsible Digital Transformation For A Sustainable Society Sachdeva, Timcy; Sharma, Ridhima
Proceeding of the International Conference Health, Science And Technology (ICOHETECH) 2024: Proceeding of the 5th International Conference Health, Science And Technology (ICOHETECH)
Publisher : LPPM Universitas Duta Bangsa Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47701/icohetech.v5i1.4132

Abstract

Digital transformation represents a profound shift in how technologies are integrated into society, reshaping economic, social, and environmental landscapes. This paper explores the concept of responsible digital transformation, emphasizing the need for integrating ethical practices, environmental sustainability, and social equity into the digital innovation process. By examining the impacts of digital technologies, the paper outlines challenges and proposes strategies for ensuring that digital transformation contributes positively to a sustainable society. Through a comprehensive review of current literature and case studies, the research highlights the role of stakeholders, governance frameworks, and emerging trends in promoting responsible digital practices.
Digital Business Model Innovation in The Metaverse: Strategic Approaches to Virtual Economy Opportunities Sharma, Ridhima; Sachdeva, Timcy
Proceeding of the International Conference Health, Science And Technology (ICOHETECH) 2024: Proceeding of the 5th International Conference Health, Science And Technology (ICOHETECH)
Publisher : LPPM Universitas Duta Bangsa Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47701/icohetech.v5i1.4131

Abstract

The metaverse, an expansive digital ecosystem blending augmented reality (AR), virtual reality (VR), and blockchain technology, is reshaping traditional business models and creating new opportunities in the virtual economy. This paper explores the transformative impact of the metaverse on digital business model innovation. As businesses navigate this emerging frontier, they must adapt to the unique characteristics of the metaverse, including the creation and monetization of virtual goods, immersive customer experiences, and decentralized financial systems. Strategic approaches involve understanding evolving consumer behaviors, ensuring interoperability across various platforms, addressing security and privacy concerns, and navigating ethical and regulatory challenges. The metaverse offers unprecedented potential for innovation, enabling businesses to engage with global audiences in novel ways and create new revenue streams. By examining successful case studies and emerging trends, this analysis provides insights into effective strategies for leveraging the metaverse's potential. As the digital landscape continues to evolve, businesses that embrace these opportunities and address associated challenges will be well-positioned for success in the virtual economy. The metaverse represents a significant shift in how value is created and exchanged, heralding a new era of digital business innovation.
Responsible Digital Transformation For A Sustainable Society Sachdeva, Timcy; Sharma, Ridhima
Proceeding of the International Conference Health, Science And Technology (ICOHETECH) 2024: Proceeding of the 5th International Conference Health, Science And Technology (ICOHETECH)
Publisher : LPPM Universitas Duta Bangsa Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47701/icohetech.v5i1.4132

Abstract

Digital transformation represents a profound shift in how technologies are integrated into society, reshaping economic, social, and environmental landscapes. This paper explores the concept of responsible digital transformation, emphasizing the need for integrating ethical practices, environmental sustainability, and social equity into the digital innovation process. By examining the impacts of digital technologies, the paper outlines challenges and proposes strategies for ensuring that digital transformation contributes positively to a sustainable society. Through a comprehensive review of current literature and case studies, the research highlights the role of stakeholders, governance frameworks, and emerging trends in promoting responsible digital practices.
Co-Authors Sachdeva, Timcy