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A critical review of Challenges and Opportunities in Digital Entrepreneurship

Background of Digital Entrepreneurship and Digital Entrepreneurship Ecosystem Digital entrepreneurship can be defined as identifying and seeking opportunities for entrepreneurship on the basis of production of platforms, digital artifacts, and infrastructures that offer services by leveraging technology (Qian Qiu & Mok Kim Man, 2021). Digital artifacts would include any media or applications that provide a particular function to users (Naudé & Liebregts, 2021). Digital entrepreneurship has had a huge impact on businesses across the globe. Facebook, Microsoft, Google, Apple and Twitter have entirely metamorphosed the way communication is being carried out in the current day. Currently there exists a digital platform wherein quality of decision-making and perceptions pertaining to actual life, is improved through artificial intelligence. Accessibility has been added to the process of storing, calculating and investigating. Further, it also provides a certain level of cost-effectiveness and flexibility owing to the internet and cloud services (Samara & Terzian, 2021). A significant role is played by digital entrepreneurship ecosystem (DEE) wherein it is known to act as an accelerator for the development of digital start-ups (Elia et al., 2020). A digital entrepreneurship ecosystem has been defined by Du et al. (2018), as a blend of components that exist in a region which extends support to the growth and development of innovative start-ups that seek novel opportunities as presented through digital technologies. Needless to say, this is an upcoming research domain and is of immense value for undergraduate and post graduate students who would be required to develop UK assignments or UK dissertations.