The present review is the first of its kind to form a conceptual discussion about a novel field, here referred to as digital psychology. The result is a conceptual impact model of digital psychology (in short: CIMDP) highlighting the bidirectional relationship between human psychology (consisting of affect, cognition, and behavior) and digital transformation (driven by datafication, algorithmization, and platformization). The findings of the CIMDP are applied to a relevant field in economy and business development, namely, to the digital future of work, which appears to be mediated by organizational behavior and governed by managerial decisions. The resulting model may be used to provide orientation in a new research domain and to guide future studies in psychology, cognitive science, digital transformation, human–computer interactions, organizational behavior, and business management.