Digitalization in Entrepreneurship: Business Opportunities, Challenges and Strategies

Digital entrepreneurship is a digital economy growth vector in which the new (fourth) technology mode provides increased economic activity effectiveness and increased societal quality of life. The characteristics of digital entrepreneurship affect the prioritization of intellectual resources for its growth. The digital technology revolution has opened up new opportunities for entrepreneurial growth, which should be capitalized on. Digital entrepreneurship refers to a technical breakthrough in infrastructure that has opened up new opportunities for businesses. Engagement in a new digital enterprise requires consideration, particularly in terms of opportunities, constraints, and success factors. Hence, the present research work aims to analyze digital entrepreneurship and its effect on managing issues. It will also take into account the challenges, and facilitating new business opportunities before aspirants. Based on the conceptual literature, this study has identified various streams of digital entrepreneurship. Through a framework in multiple domains, this study presents paths for current research on digital entrepreneurship. Furthermore, it provides study opportunities through research routes to have a comprehensive understanding of the field of digital entrepreneurs. Contemporary Indian entrepreneurs choose external communications while employing digital technology. An algorithm for creating a digital firm based on intellectual resources is created to meet this problem; it represents the viewpoints of optimizing the administration of its internal operations. In contemporary India, market impulses for the actual use of this method are relatively weak. The state's efforts to promote digital entrepreneurship should be geared at fostering a competitive environment in sectorial marketplaces that would provide a stimulus for inventive development and automation of Indian firms while preventing monopolization.