The rapid advancement of digital technology in all spheres of modern life necessarily entails changes to the existing models of economic and social structures in our societies. Institutions of power and society, industrial and social culture, individual worldviews and values are all affected by the spread of digitalization. These lasting changes make it vital to understand both the opportunities and threats that digitalization poses to our future. Focusing on so-far unresolved questions about this new horizon of modernity, Two Faces of Digital Transformation provides insights into technological advancements with business administrative applications and examines forthcoming implementation strategies from a range of perspectives - community engagement, industry 4.0 opportunities and threats, human resource management, digital threats and agility, and organizational behaviours. The future of business management necessitates context-awareness and malleability, supported by the research presented in this volume. For policymakers and business leaders alike, technology cannot remain a mystery. Digitalization is an essential discipline that is here to stay. The examination of technological opportunities contrasted with social threats renders the research presented here indispensable for practitioners and researchers at any stage of their career.