Measurement of Digital Transformation Level of Iron and Steel Enterprises: Based on Data from Listed Companies in China’s Iron and Steel Industry
Xin Lv, Mengdi Yao · Frontiers in artificial intelligence and applications · 2025
In the epoch of digital economy, the integration and development of digital technology and traditional industries has accelerated the digital transformation of iron and steel enterprises. Constructing a digital transformation index system for iron and steel enterprises can effectively assess the transformation process and accelerate the high-quality growth of digital economy. This paper constructs a digital transformation level measurement and evaluation index system for iron and steel enterprises, with the elements of their digital transformation mechanism serving as the fundamental framework. The financial data of 26 listed enterprises in China’s steel sector are used as research samples, and the digital transformation level is measured by the Entropy weight - Topsis method. The results show that the comprehensive level of digital transformation of Chinese iron and steel firms is not high and the transformation speed is relatively slow. For this reason, we propose the following suggestions to speed up the digital transformation and upgrading of iron and steel enterprises from the aspects of increasing government policy guidance and capital investment, strengthening the construction of enterprise digital transformation infrastructure, and improving the talent training system for digital transformation.