Digital transformation (DT) has become a central pillar of modern organizational strategy, reshaping how firms operate, compete, and create value. While it provides significant opportunities for efficiency, innovation, and revenue diversification, it also introduces complex financial challenges, including high investment costs, uncertain returns, and increased exposure to technological risks. This paper develops a conceptual framework linking digital technology adoption to business model innovation, financial performance, risk management, and strategic outcomes. It highlights how financial constraints, particularly among SMEs, can limit digital adoption and contribute to broader systemic vulnerabilities. By integrating technological, organizational, and financial perspectives, the study provides a structured approach for understanding and managing digital transformation in contemporary economies.
Publication Date: 2026-06-21