Digitalization & Sustainability Review

Peer Reviewed Article

Vol. 1 No. 1 (2021)

The Evolution of Business Models in the Digital Age: Implications for Energy, Environment, and Finance

Published
2021-03-28

Abstract

Due to the digital age, businesses are entering a revolutionary period, transforming sectors like energy, the environment, finance, and conventional business models. The evolution of business models in the digital age and its effects on finance, the environment, and energy are examined in this study. The study aimed to investigate the impact of digital transformation on business models, assess how sustainability principles are incorporated into business practices, pinpoint significant discoveries, and suggest policy recommendations for firms and governments. The study's methodology thoroughly examined secondary data sources, such as industry reports, governmental documents, and scholarly literature, to combine many viewpoints and ideas. The study's key conclusions show how digitization changes business models by integrating sustainability principles, upending established industries, and creating chances for creativity and cooperation. To address new issues and foster sustainable growth in the digital age, policy implications include the necessity of regulatory frameworks that support innovation and sustainability, investments in digital infrastructure and skill development, and cooperation between companies, governments, and stakeholders.

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