The significance of digital transformation and its potential to sustain a company’s competitive edge in the market which have been highlighted by the growing digitization of economies. Disruptive innovations have effect on the environment, society, and institutions in addition to the business level. This explain why over the past 20 years, research on digital transformation has become growing in popularity and has been an increasing amount of attention that covering a wide range of subjects in the literature. By conducting a through literature review from (2015–2024) years, the following aim to put light on the present situation of the literature on digital transformation (DT), and how is influenced on the business environment, and how to employ the digital ethics in their processes. This research is qualitative analysis which divides the literature on digital business transformation into three categories that based on the impacts on technology, business, and society. In the end, the literature on DT identifies a number of research gaps, which are suggested as potential future research directions. These paper directions could offer valuable insights to the public and private sectors that enabling them to better adapt to the disruptive changes in business brought about by this phenomenon and minimize it negative impact on the environment and society.