scholarly journals Investment Management of Business Digital Innovations

2020 ◽  
pp. 95-109 ◽  
Author(s):  
Iryna Sotnyk ◽  
Kostiantyn Zavrazhnyi ◽  
Volodymyr Kasianenko ◽  
Hynek Roubík ◽  
Oleksandr Sidorov
Keyword(s):  
Information Systems ◽  
Business Processes ◽  
Resource Planning ◽  
Digital Transformation ◽  
Enterprise Management ◽  
Manufacturing Execution System ◽  
Investment Management ◽  
Labour Costs ◽  
Modern Business ◽  
Automation Project

This paper considers the issue of investment management of digital innovations in modern business. The main purpose of the research is the development of approaches to the investment management of the innovative digitalisation processes of the enterprises and justification of the economic efficiency of investment projects on innovative information technologies use in the context of their relationship with existing information solutions for enterprise management. The relevance of the research is the necessity to change the methods of doing and managing the modern business, taking into account the achievements of the Third and Fourth Industrial Revolutions, which form innovative business philosophy based on informatisation and digitalisation of manufacturing and delivery processes. The implementation of innovative digital technology in business processes requires significant costs and it raises the issue on their minimization. Systematization of literary sources and approaches for the investment management of industrial digitalisation indicates the absence of complex solutions for this problem. In this regard, based on a comparative analysis, the authors have revealed the features of business development in the conditions of the Fourth Industrial Revolution and justified the need for modern information systems integration for enterprise management on the platform of business processes digitalisation. In order to create the road map of business digital innovations, it is suggested that the Theory of Constraints should be used to determine which of the operating information systems of the enterprise (Business intelligence – BI; Enterprise Resource Planning – ERP; Manufacturing Execution System – MES; Industrial Internet of Things – IIoT) is to begin the digital transformation with. The stages of the project development for the digital transformation of an enterprise are designed based on the structural approach. The economic justification for the selection of alternative digitalisation projects is based on an assessment of the labour costs for implementing two variants of digital innovation of a business entity: a complex automation project with up-front modelling and an integration automation project with the gradual implementation of a new information system. The assessment results have shown the economic benefits of implementing the integration project as it provides 1.58 times fewer labour costs and can be realized by use of universal package solutions such as Business Automaton Software (BAS). The analysis of the results of the implemented business digitalisation projects in Ukraine and the world as well as the potential of planned ones has allowed generalising the effects of their implementation and confirmed the need for further development of the mechanisms for the investment management of business digital innovations. Keywords automation, business, digitalisation, efficiency, greening, ERP, information technology, innovation, investment management, project.

Stimulation and limits of cloud-based ITSM system application by Russian companies

2021 ◽  
Vol 19 (10) ◽  
pp. 2001-2010
Author(s):  
Yurii P. KISHKOVICH
Keyword(s):  
Information Systems ◽  
Comparative Analysis ◽  
Financial Performance ◽  
System Application ◽  
Management System ◽  
Business Processes ◽  
Enterprise Management ◽  
Practical Application ◽  
Russian Economy ◽  
Enterprise Management System

Subject. This article discusses the use of information systems in various spheres of the Russian economy. Objectives. The article aims to assess the prospects for the use of cloud-based ITSM systems by Russian medium-sized and large companies. Methods. For the study, I used a comparative analysis. Results. The article finds that the cloud-based ITSM system reduces the time of business processes significantly and saves money resources. Conclusions. The practical application of cloud-based ITSM systems expands the opportunities and capabilities of medium-sized and large enterprises significantly and contributes to improving the financial performance of their activities. The enterprise management system is an important factor the implementation of these systems depends on.

scholarly journals ESTIMATION OF BUSINESS VALUE AS AN ELEMENT OF FORMATION OF BUSINESS MODELS OF INDUSTRIAL ENTERPRISES AND AGRICULTURAL COMPLEX IN THE CONDITIONS OF DIGITALIZATION OF THE ECONOMY

2020 ◽  
Author(s):  
Maksym Odnorog ◽  
◽  
Mykhailo Pivtorak ◽  
Oksana Zagorodniuk ◽  
◽  
...  
Keyword(s):  
Best Practices ◽  
Business Models ◽  
Business Processes ◽  
New Technologies ◽  
Digital Technologies ◽  
Economic Security ◽  
Digital Transformation ◽  
Enterprise Management ◽  
Industrial Enterprises ◽  
Digital Management

To date, digital technologies and their widespread practice have formed the potential for completely new business models. However, most organizations are either in the early stages of the digital transformation process, or do not yet dare to form a digital business model that will provide real benefits from digital technologies. In any case, taking into account the enormous pace of global digitalization, it is extremely important to adapt the best practices of digital transformation to the improvement of the Ukrainian economy as soon as possible. Based on this, consider the process of researching new and adapting existing management models. Digital transformation – the introduction of modern technologies to radically change the business models of enterprise management today is considered the most important topic for organizations around the world. The requirements of the new digital economy represent the digital transformation as a conscious strategic process of business modification through adaptive management and implementation of digital technologies, ie the restructuring of existing business models. The same happens at industrial and agro-industrial enterprises, the analog period of which is coming to an end. Industries are entering the digital age, thanks to which enterprises are developing in accordance with the new focus. For this reason, it is very important for the formation of digital models of enterprise management to strategically understand the possibilities of digital technology development in their connection with business processes and business models. The analysis of the main traditional models of effective management of enterprises was carried out and their fundamental differences from the Ukrainian approach to management were revealed, the possibilities of implementation of the principles of existing business models by Ukrainian enterprises were considered. In addition, a roadmap for the transition from a traditional to a digital enterprise was proposed for consideration. The process of modeling the digital management system of the enterprise is revealed. Currently, a prerequisite for the prosperity of the economy of industry and agriculture and, consequently, the economy of Ukraine, is adaptive digital management as a basis for economic security of the enterprise. It was found that the relentless introduction of digital technologies, «copying best practices» can later be in reality as dangerous as the refusal to master new technologies. Therefore, choosing the direction of your own digitization, you must first study everything thoroughly, so as not to miss the moment and not to remain in the ranks of the latter or in the past.

Manufacturing Execution System Design Using ISA-95

2014 ◽  
Vol 980 ◽  
pp. 248-252 ◽  
Author(s):  
Rajesri Govindaraju ◽  
Kristianto Lukman ◽  
Dissa R. Chandra
Keyword(s):  
Information Systems ◽  
Enterprise Resource Planning ◽  
Reference Model ◽  
Resource Planning ◽  
Point Of View ◽  
Manufacturing Execution System ◽  
Industry Standard ◽  
Automation Systems ◽  
Increase Productivity ◽  
Manufacturing Execution

Manufacturing execution system is information systems (IS) that bridges the gap between IS at the top level, namely enterprise resource planning (ERP) nd IS at the lower levels, namely the automation systems. MES has been reported to increase productivity, maintain product quality, and reduce production time. However, the advantage is obtained if MES is integrated smoothly with the other systems. Currently there is an industry standard, ISA-95, which can be used as a reference model in the process of integrating MES with ERP and automation systems. This study was undertaken to propose a methodology for MES design utilizing ISA-95 standard.The methodology is designed considering the objectives of MES development from a point of view manufacturing system and also from the point of view of information systems. Thus, challenges from two domains, namely business (manufacturing) domain and technology (IS domain) are both considered in the development of the methodology.

scholarly journals READINESS FOR DIGITAL TRANSFORMATION – THE OUTLOOK OF TOP BALTIC COMPANIES

2021 ◽  
Vol 12 ◽  
pp. 119-136
Author(s):  
Aleksandrs Popovs ◽  
◽  
Zane Drinke ◽  
Keyword(s):  
Business Processes ◽  
Digital Transformation ◽  
Point Of View ◽  
Future Research ◽  
Online Questionnaire ◽  
Statistical Population ◽  
Selective Approach ◽  
Modern Business ◽  
Market Needs ◽  
Operational Concept

The aim of this study was to explore and assess the point of view on digital transformations of companies who are currently in the transformation program and running digital transformation projects. The study collects data from diverse top companies across Baltics region across various industries. Within the study the descriptive researchmethod isin use. The statistical population of this study is an extended list of companies from the Coface study for Baltic top 50 ranking for 2019. The sampling for the study was based on purpose selective approach which includes 11 companies from the statistical population. The data collection was carried out by an online questionnaire and afterwards through interviews with the respondents to validate the data provided. The results of the research is the outlook created which includes a number of aspectsto be considered for future research: (1) Currently, the competence level of transformation processes in flagship companies and respectively in rest of the companies in the market needs to be improved; (2) Business demand for knowledgeable digitaltransformation experts with comprehensive modern business processes management knowledge is relatively higher rather one with pure technical expertise in cutting cutting edge technologies; (3) To boost digital transformation toward the operational concept of Intelligent Enterprise, support and guidance from the global digital transformation advisory partners is highly recommended.

scholarly journals THE BENEFITS OF INFORMATION SYSTEMS IN THE MANAGEMENT OF INDUSTRIAL ENTERPRISES

2021 ◽  
Vol 2021 (4) ◽  
pp. 4743-4748
Author(s):  
VANESSA PRAJOVA ◽  
◽  
PETER KOSTAL ◽  
STANISLAW LEGUTKO ◽  
STEFAN VACLAV ◽  
...  
Keyword(s):  
Information Systems ◽  
Information And Communication Technologies ◽  
Enterprise Resource Planning ◽  
Business Processes ◽  
Rapid Development ◽  
Resource Planning ◽  
Vital Role ◽  
Enterprise Information ◽  
Industrial Enterprises ◽  
New Business

The ability to make good decisions on the deployment and use of information and communication technologies has become part of successful governance. The convergence of information, communication and multimedia technologies has created new business opportunities that will play a vital role in the economy and public life over the coming decades. On enterprises development in recent years has been dramatically influenced by the rapid development of technologies for processing and organizing them. These technologies share the role of an information integrator to support decision-making at all levels of the manufacturing enterprise. Enterprise resource planning is a key transactional application of enterprise information systems. Its main features include the ability to automate and integrate key business processes, functions and data across the enterprise.

scholarly journals The Organizational and Managerial Provision of Business Processes Reengineering at Enterprise in the Conditions of Digitalization

2021 ◽  
Vol 1 (516) ◽  
pp. 279-285
Author(s):  
V. V. Prokhorova ◽  
◽  
V. I. Chobitok ◽  
Keyword(s):  
Business Process ◽  
Business Processes ◽  
Business Process Reengineering ◽  
Digital Communication ◽  
Digital Transformation ◽  
Enterprise Management ◽  
Process Reengineering ◽  
Managerial Decisions ◽  
Economic State ◽  
Enterprise Management System

The article is aimed at analyzing the organizational and managerial provision of the reengineering of business processes at enterprise in the conditions of digitalization. According to the results of the research, it is identified that in turbulent economy conditions to improve the financial and economic state of business processes at domestic enterprises, there is a need to use innovative and progressive technologies, one of which is the reengineering technology. The main goal of business process reengineering is qualitative improvement of specific spheres of activity of enterprises. The essence of the formation of business processes of enterprise is the development and adaptation of the enterprise management system in accordance with modern challenges in the conditions of digitalization. For each business process, an aggregate of input resources, rules of work and expected results are formed. The digitalization technologies to provide the reengineering of business processes at enterprise allow to organize the most personalized interaction, which is preferred by most customers. Digital communication channels, artificial intelligence, robotics – all this should be implemented by the enterprise to achieve success. The digital transformation of business processes at enterprise is designed to provide conditions for making effective managerial decisions in order to quickly adapt the work to the requirements of our time and meet the needs of consumers. The process of providing the reengineering of business processes at enterprise on the basis of digitalization opens up opportunities for innovative ways of their development, which has become effective due to the large number of the instruments used.

Enterprise Information Systems and Digital Marketing

2018 ◽  
pp. 53-71
Author(s):  
Kijpokin Kasemsap
Keyword(s):  
Information Systems ◽  
Enterprise Resource Planning ◽  
Business Performance ◽  
Resource Planning ◽  
Digital Marketing ◽  
Enterprise Information ◽  
Enterprise Information Systems ◽  
Business Environments ◽  
Modern Business ◽  
Social Media Platforms

With the support of modern technologies, enterprise information systems (EISs) and digital marketing are the significant approaches in modern business and can lead to the establishment of a consolidated business system toward improving the business performance. EISs and digital marketing are related to enterprise resource planning (ERP), electronic commerce (e-commerce), cloud computing, and social media platforms. EISs and digital marketing help modern businesses gain the rapid access to the mass market at an affordable price, increase business profit, and attract new customers in a timely and effective manner. EISs and digital marketing allow managers and executives to establish their profitable strategies and to find various business opportunities in the competitive business environments.

Benefits and Value of Investments in Information Systems

2017 ◽  
pp. 251-262
Author(s):  
Paula Serdeira Azevedo ◽  
Carlos Azevedo ◽  
Mário Romão
Keyword(s):  
Information Systems ◽  
Enterprise Resource Planning ◽  
Return On Investment ◽  
Hospitality Industry ◽  
Business Processes ◽  
Resource Planning ◽  
Erp Systems ◽  
Intangible Benefits ◽  
Expected Benefits

Organisations constantly have to address the problem of identifying tangible and intangible benefits that can be achieved in result of investments made in Information Systems/Information Technology (IS/IT). This paper has the objective of approaching the problem in the perspective and context of Enterprise Resource Planning (ERP) systems in the Hospitality Industry. It focuses on implementation project strategies, namely in the particular and relevant aspects of their return on investment as well as benefits expected and delivered. When an organisation is confronted with the question of knowing if a certain investment in IS/IT may obtain a considered positive financial revenue, and if that investment means valuable benefits for the business, the answer is often far from being conclusive. Projects are often implemented on-time, on-budget and are technically appropriate, nevertheless the expected benefits are not achieved. This paper seeks to answer these questions in the context of ERP systems, in particular in the sector of hospitality industry, through a case study developed in Portugal. The investigation was developed on a group of hotel units, held by a Portuguese company, for which ERP meant an opportunity to harmonize and improve business processes.

Enterprise Resource Planning and Integration

2005 ◽  
pp. 1075-1082
Author(s):  
Karl Kurbel
Keyword(s):  
Information Systems ◽  
Enterprise Resource Planning ◽  
Business Processes ◽  
State Of The Art ◽  
Resource Planning ◽  
Electronic Business ◽  
Mrp Ii ◽  
Manufacturing Resource Planning ◽  
Comprehensive Information ◽  
Manufacturing Resource

Enterprise resource planning (ERP) is a state-of-the-art approach to running organizations with the help of comprehensive information systems, providing support for key business processes and more general, for electronic business (e-business). ERP has evolved from earlier approaches, in particular, materials requirement planning (MRP) and manufacturing resource planning (called MRP II) in the 1980s.

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