Digital Transformation in Microfinance as a Driver for Sustainable Development

Author(s):  
Anirban Pal ◽  
Shiladitya Dey ◽  
Anirban Nandy ◽  
Shifa Shahin ◽  
Piyush Kumar Singh
2021 ◽  
Vol 13 (12) ◽  
pp. 6612
Author(s):  
Peter Jones ◽  
Martin Wynn

The increasingly stellar attraction of the digital technologies and the growing, though not universal, consensus of the need to build a sustainable future, are two powerful trends within society. The aim of this article is to offer an exploratory review of how the leading companies within the digital transformation market have addressed sustainable development. As such, the article’s originality and value lie in offering a review of current corporate thinking within that market. The study adopts an inductive, qualitative approach based on an examination of published company reports, and identifies six major sustainability themes being actively promoted and supported. The article concludes that the current sustainability objectives of the technology companies are driven as much by commercial reality as any altruistic motives, and that support and promotion of the circular economy may offer the best opportunity for digital technologies to meaningfully impact sustainable development.


2021 ◽  
Vol 93 ◽  
pp. 02029
Author(s):  
Mikhail Loginov ◽  
Natalia Usova ◽  
Aigerim Baigotanova

The article is devoted to the development of the national financial market and ensuring its stability on the basis of digital transformation. Subject of research: digitalization of the financial market. The aim of the study is to study the theoretical foundations of the financial market and determine the priorities of its development based on the digitalization of services to ensure sustainable development in the medium term. Method of research. in the process of writing, the authors used such methods as analysis, grouping, comparison, and synthesis. Results: 1. The features of digitalization of services provided in the national financial market are disclosed. 2. The mechanism of interaction of the main participants in the digital financial assets market is presented and their characteristics are given. 3. Measures for digital transformation of the national financial services market are proposed, taking into account the current situation in the national economy. Scientific novelty: the mechanism of interaction of the main participants in the digital financial services market was determined, measures for the digital transformation of the financial services market were proposed.


2021 ◽  
pp. 109-113
Author(s):  
O. E. Astafyeva

This article examines a new form of economic activity organisation for industrial enterprises in the context of the digital transformation of the economy. The analysis of networking in the cluster and economic approaches has allowed us to identify the guiding principles of interaction between economic actors, and the resulting effects and “values”. The platform education proposed by the author as an organisational and economic activity form is the digital ecosystem component, which is a spatial and temporal environment for the functioning of enterprises. A scheme for assessing data and process management in this ecosystem has been developed using the metrics proposed by the author. This scheme reflects the production-logistics chain formed in the framework of the actors’ integration in the digital ecosystem. 


Baltic Region ◽  
2021 ◽  
Vol 13 (2) ◽  
pp. 7-26
Author(s):  
Goran Roos ◽  
Natalia Ye. Kubina ◽  
Yulia Yu. Farafonova

The article explores opportunities for the sustainable economic development of coastal territories in the Baltic Sea region (BSR) arising in blue economy sectors in the framework of digital transformation. The study argues that more active commercialisation of territorial resources can facilitate the sustainable economic development of the BSR coastal territories, following digitally-driven innovations. The paper provides an overview of methodological approaches to territorial sustainability. It also assesses the 2009—2018 level of the socio-economic development of the BSR coastal territories, underpins the importance of the blue economy and highlights the role of digital transformation in reaching the UN Sustainable Development Goals (SDGs) in the BSR through digitally-driven innovations. A comparative and problem-targeted statistics analyses show significant differences in the dynamics of socio-economic development in the BSR coastal territories with their GRP per capita being generally lower than the national or macroregional average. A review of literature on sustainable development in the BSR has shown that a more active use of the unique resources of coastal territories along with a technology-driven growth of the blue economy sectors can counterbalance the negative impact of the uneven development of these territories on the progress towards the SDGs in the BSR. Increasing the competitiveness of the BSR coastal territories requires investment in digital solutions in the blue economy sectors and building communication infrastructure. The review of key innovations in the blue economy sectors shows that their implementation gives impetus to other industries by reducing costs, creating new jobs, and improving the quality of products and services.


Author(s):  
V. G. Antonov ◽  
A. V. Raychenko ◽  
V. V. Maslennikov

The article studies modernization of digital platform potential in order to coordinate interaction of practice, science and education in the field of management. The key focus is made on the fact that as a result of digital organization development the role of virtual space becomes prevailing in managers’ work and nearly all traditional methods of management undergo drastic changes. Unique processes of managing digital organizations require revision of methodological approaches to the problem of sustainable development in conditions of digital transformation, which mainly has a turbulent character. It is underlined that the major problem of today’s management is the vague definition of different notions, whose understanding is crucial for managers, who otherwise cannot link digital strategy with their work. The article used materials and findings of fundamental and applied research done by authors within the frames of budget, business and initiative development of innovation, industrial and educational products. Testing of these solutions proved their need in the field of practical management, scientific research and managerial education.


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