On July 1st, 2016, a new interdisciplinary research group was founded at the Chair of Information Management: The "Digital Transformation Research Center" (DTRC). Headed by Dr. Andre Hanelt, the team focuses on topics related to the opportunities, challenges and implications of business model innovation in response to the diffusion of digital technologies, such as cloud computing, big data, or mobile technologies. The topic of digital transformation has already been addressed for many years at the chair of Prof. Lutz M. Kolbe. Hence, the economic impacts of particular IT innovations within different contexts, such as in the automotive, finance, and health sectors, have been previously examined. Now, these competencies will be bundled in the new research group to better comprehend the mechanisms and impacts of and to develop viable solutions for an increasingly connected world. Researchers with IT, management, and data science backgrounds constitute the core team of DTRC. This team will be extended with national as well as international associated researchers, who are devoted to the topic of digital transformation as well, bringing in further expertise. To ensure practical relevance and grounding, the research group will be working in close partnerships with major companies from different industries. In these cooperative efforts, practitioners will bring expertise, experience, and challenges from their daily work while the DTRC brings theoretical-grounded knowledge and methodological competencies to jointly elaborate meaningful answers for addressing the questions raised by digital transformation. Thereby, the goal of the research group is producing high-quality scientific research (i.e. publications in renowned outlets), as well as developing specific and practicable solutions (e.g., analysis, tools, prototypes) for corporate practice.