Developing Methods for Assessing the Impact of Digital Innovations on the Economic Efficiency of Enterprises: Methodology for Measuring ROI of Digital Projects

This study aims to develop methodologies for assessing the return on investment (ROI) of digital projects, crucial for understanding the economic impact of digital innovations on enterprises. Traditional ROI metrics often fail to capture the comprehensive value generated by digital projects. The proposed integrative framework employs advanced analytical methods, including cost-benefit analysis, real options analysis, and predictive analytics, to evaluate both tangible and intangible benefits. It incorporates dynamic risk management and scenario planning to address uncertainties and future challenges. Continuous feedback and iterative improvements ensure the framework's accuracy and relevance, enabling enterprises to optimize economic efficiency and strategic decision-making. This holistic approach offers an understanding of the multifaceted value of digital innovations.

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Publication Details

Journal
Bulletin of Science and Practice
Published
2024-10-14
DOI
https://doi.org/10.33619/2414-2948/107/29
Citations
2
Primary Topic
Economic and Technological Systems Analysis
Type
article
Field-Weighted Citation Impact
1.46
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article

Developing Methods for Assessing the Impact of Digital Innovations on the Economic Efficiency of Enterprises: Methodology for Measuring ROI of Digital Projects

D. Pshichenko
2 citations
Bulletin of Science and Practice
Economic and Technological Systems Analysis
1.46
article

Developing Methods for Assessing the Impact of Digital Innovations on the Economic Efficiency of Enterprises: Methodology for Measuring ROI of Digital Projects

D. Pshichenko
article en
2 citations

Abstract

This study aims to develop methodologies for assessing the return on investment (ROI) of digital projects, crucial for understanding the economic impact of digital innovations on enterprises. Traditional ROI metrics often fail to capture the comprehensive value generated by digital projects. The proposed integrative framework employs advanced analytical methods, including cost-benefit analysis, real options analysis, and predictive analytics, to evaluate both tangible and intangible benefits. It incorporates dynamic risk management and scenario planning to address uncertainties and future challenges. Continuous feedback and iterative improvements ensure the framework's accuracy and relevance, enabling enterprises to optimize economic efficiency and strategic decision-making. This holistic approach offers an understanding of the multifaceted value of digital innovations.

Bulletin of Science and PracticeVol. 10(10)
National Research University Higher School of Economics (RU)
Openalex Percentile: Top 15%
Economic and Technological Systems Analysis
1.46
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Developing Methods for Assessing the Impact of Digital Innovations on the Economic Efficiency of Enterprises: Methodology for Measuring ROI of Digital Projects — D. Pshichenko · Bulletin of Science and Practice (2024) | TGRS Research Map | TGRS