The Influence of the Digital Economy on the Transformation of SMEs in the Manufacturing Industry

Ziyue Yuan

2024

Abstract

With the deepening execution of the ‘fourteenth Five-Year Plan’, the digital transformation of manufacturing small and medium-sized enterprises, which is also called SMEs, has reached a new peak in development. Within the framework of the digital economy, embracing digitalization has become a necessary means of survival for SMEs. This paper focuses on the manufacturing sector, outlining the challenges faced during the transformation of these enterprises. It highlights the benefits and risks posed by the digital economy in this process and proposes solutions in three key areas: technology, strategy and talent, which offer theoretical support and guidance for the digital transformation and sustainable growth of SMEs in China’s manufacturing industry.

Paper Citation

in Harvard Style

Yuan Z. (2024). The Influence of the Digital Economy on the Transformation of SMEs in the Manufacturing Industry. In Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI; ISBN 978-989-758-726-9, SciTePress, pages 360-367. DOI: 10.5220/0013230800004568

in Bibtex Style

@conference{ecai24,
author={Ziyue Yuan},
title={The Influence of the Digital Economy on the Transformation of SMEs in the Manufacturing Industry},
booktitle={Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI},
year={2024},
pages={360-367},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013230800004568},
isbn={978-989-758-726-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI
TI - The Influence of the Digital Economy on the Transformation of SMEs in the Manufacturing Industry
SN - 978-989-758-726-9
AU - Yuan Z.
PY - 2024
SP - 360
EP - 367
DO - 10.5220/0013230800004568
PB - SciTePress