Do software vendors propose, create, and capture value in the era of digital transformation? Drawn on the literature of business models, digital innovation, and firms' capabilities, we examine this cutting-edge research question. We conducted a multiple case research of 10 software vendors operating in Germany and Austria. The thematic analysis yields a conceptual model that explains whether and how software vendors leverage cloud computing-enabled innovation for the digital boost, which is this study's primary contribution to information systems research. Software vendors use a complementary portfolio of information technology and organizational capabilities to innovate in their value proposition, creation, and capture.

软件供应商是否在数字化转型时代提出，创造和获取价值？基于商业模型，数字创新和企业能力的文献，我们研究了这个前沿的研究问题。我们对在德国和奥地利运营的10家软件供应商进行了多案例研究。主题分析产生了一个概念模型，该模型解释了软件供应商是否以及如何利用云计算支持的创新来促进数字化，这是本研究对信息系统研究的主要贡献。软件供应商使用信息技术和组织功能的补充组合来创新其价值主张，创造和获取。