Digital transformation is reshaping the business arena as new,
successful digital business models are increasing agility and
presenting better ways to handle business than the traditional
alternatives. Industry 4.0 affects everything in our daily lives
and is blurring the line between the physical, the biological, and
the digital. This created an environment where technology and
humans are so closely integrated that it is impacting every
activity within the organizations. Specifically, contracting
processes and procedures are challenged to align with the new
business dynamics as traditional contracts are no longer fitting
today's agile and continuously changing environments. Businesses
are required to facilitate faster, more secure, soft, and real-time
transactions while protecting stakeholders' rights and obligations.
This includes agile contracts which are dynamically handling scope
changes, smart contracts that can automate rule-based functions,
friction-less contracts that can facilitate different activities,
and opportunity contracts that looks toward the future. Innovative
and Agile Contracting for Digital Transformation and Industry 4.0
analyzes the consequences, benefits, and possible scenarios of
contract transformation under the pressure of new technologies and
business dynamics in modern times. The chapters cover the problems,
issues, complications, strategies, governance, and risks related to
the development and enforcement of digital transformation
contracting practices. While highlighting topics in the area of
digital transformation and contracting such as artificial
intelligence, digital business, emerging technologies, and
blockchain, this book is ideally intended for business,
engineering, and technology practitioners and policy makers, along
with practitioners, stakeholders, researchers, academicians, and
students interested in understanding the scope, complexity, and
importance of innovative contracts and agile contracting.
General
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