Digital Transformation in the Event Industry

2021 ◽  
Author(s):  
Ioannis Karamitsos ◽  
Mohamed Salama
Keyword(s):  
Business Processes ◽  
Digital Technologies ◽  
Organisational Culture ◽  
Digital Transformation ◽  
Event Management ◽  
Digital Era ◽  
Use Of Technology ◽  
The World ◽  
The Internet Of Things ◽  
Corporate Information

Digital transformation (DT) is becoming an important topic for organisations and industries around the world (Kaufman & Horton, 2015; Von Leipzig et al., 2017). It is anticipated that some organisations will be unable to adapt easily to the new digital era, and executives are struggling to understand how digital transformation affects their organisations. Digital transformation is not only about investing in digital technology but refers to how organisations restructure themselves to adapt and shift organisational culture to enable developments that exploit technology and bring their businesses to new growth rates. Digital transformation has also appeared in the event industry, presenting digital solutions to optimise the event management process. The basic idea of the digital transformation comes from the blending of personal and corporate information environments and integrates the transformative effect of new digital technologies such as social, mobile, analytics, cloud and the Internet of Things (Kane et al., 2015.). A broad definition describes it as the integration of digital technologies and business processes into a digital economy (Liu et al., 2011). A similarly broad view holds that the use of technology can radically improve a business’s performance or impact (Westerman et al., 2014a).

scholarly journals Strategic development of scientific and technical potential of industry during the digital transformation of economy

2021 ◽  
Vol 14 (4) ◽  
pp. 410-417
Author(s):  
T. O. Tolstykh ◽  
S. E. Afonin
Keyword(s):  
Artificial Intelligence ◽  
Digital Technologies ◽  
Digital Transformation ◽  
The Internet ◽  
Strategic Development ◽  
Industrial Enterprises ◽  
Current State ◽  
Technical Potential ◽  
The World ◽  
The Internet Of Things

Currently the speeding up of digital transformation makes it obvious that application of digital technologies and the degree of involvement into digital transformation is an essential and significant aspect of scientific and technical potential of an industrial enterprise. The article is devoted to the analysis of trends and prospects of development of basic technologies which are the basis for digital transformation of the world economics: the Internet of things, artificial intelligence, robotization and technologies of the big data processing. The authors present the assessment of the current state of digitalization for Russian industrial enterprises by analyzing the data on the implementation of the above mentioned technologies in business-process.

Accelerating Digital Transformation in E&P Business

2021 ◽  
Author(s):  
Anak Karim
Keyword(s):  
User Interfaces ◽  
Business Processes ◽  
Economic Value ◽  
Digital Technologies ◽  
Oil Prices ◽  
Digital Transformation ◽  
The Internet ◽  
It Systems ◽  
Advanced Analytics ◽  
The Internet Of Things

Abstract What is Digital Transformation? The intersection and confluence of four technologies – elastic cloud computing, big data, artificial intelligence (AI), and the internet of things (IoT) write (Siebel, 2019) is fundamentally changing how business and governments operate in the 21st century. It is somewhat of necessity as to how the industry and markets must behave today and some describe using digital technologies and advanced analytics for economic value, agility, and speed. Industry analysts are in unison when they say that "investing in technology is not the same as digital transformation", it does not simply apply to changes in the company IT systems or simply the migration of company business processes, systems, and tools to funkier platforms with "cool" user interfaces. (Priyadarshy, February 2018) rightly said that while the E&P industry is more than 100 years old and has seen many ups and downs, the prolonged and cyclical impacts of decreased oil prices since 2014 warrants the need for transformational modification for the industry to remain operationally viable. The Upstream sector did start the digital journey from many decades ago and with incremental improvements. Among the first steps being the creation of data via traditional supervisory controls and data acquisition systems (SCADA) and ingestion of operations report which were not fully digital such as daily operations, drilling and log reports. Over the years after that, as further back as two decades ago, the E&P industry claims to have adopted digitization and digitalization in the form of digital oilfields, however, this has failed to generate significant economic value (Priyadarshy, February 2018).

scholarly journals Modern imperatives of system-innovative approach to the solution of organizational and management tasks of digitalization of business processes

2020 ◽  
Vol 18 (4) ◽  
pp. 601-605
Author(s):  
Irina Somina ◽  
Yury Doroshenko ◽  
Olga Nikulina
Keyword(s):  
Large Scale ◽  
Business Processes ◽  
Systems Approach ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Optimal Combination ◽  
Innovative Approach ◽  
Economic Systems ◽  
World Community ◽  
The World

This article substantiates the feasibility of applying systematic, integrated, factorial and process approaches to solving relevant organizational and managerial tasks of digitalization aimed at improving the efficiency of innovation and the competitiveness of economic systems. Substantial foundations of the implementation of a systems approach in the field of digital transformation of business processes were revealed. The advantages of digitalization were presented, possible basic problems associated with its implementation were systematized, and factors that have a significant impact on their solutions were analyzed. It is obvious that the exciting new possibilities of digital technologies are open to the world community and the urgent need for their large-scale implementation manifested itself, but taking into account the optimal combination of various factors that have a significant impact on the development of socio-economic systems.

scholarly journals Accelerated Process of Digital Transformation - The Impact and Consequences of Covid-19

2021 ◽  
Vol 22 (2) ◽  
Author(s):  
Mihajlo Travar ◽  
Igor Dugonjić ◽  
Saša Ristić
Keyword(s):  
Business Processes ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Remote Work ◽  
Public And Private ◽  
Value Innovation ◽  
Daily Work ◽  
Economic Progress ◽  
The World ◽  
The Impact

Due to the current pandemic caused by the COVID-19 virus, the world is changing rapidly along with digital technologies that transform every aspect of life, society and the economy. To prevent a complete collapse and suspension of all business processes, companies were forced to organize remote work, i.e. workers perform their daily work activities from their homes. The situation in which the world is currently in clearly indicates that digital transformation is something that should be a priority. Digital transformation is changing the way of doing and developing the business, new opportunities for economic progress in the public and private sectors. It allows companies to survive and focus on innovation, increasing their competitiveness. We can say with certainty that digital transformation means much more than complete integration of digital technologies. It also means digitalization and business processes and models automation, marketing, sales, digital purchase, Big Data, and related processes, and is based on five different areas, which include customers, competition, value, innovation and data.

scholarly journals Digital technologies: problems and trends

2021 ◽  
Vol 101 ◽  
pp. 02006
Author(s):  
Rizvan Ramzanovich Turluev ◽  
Zalina Musaevna Mutsurova
Keyword(s):  
Business Model ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Digital Tools ◽  
School Closures ◽  
Daily Lives ◽  
Use Of Technology ◽  
The World ◽  
The Future ◽  
Large Groups

If “necessity is the mother of invention”, then the 2020 Pandemic (COVID-19) has forced many people around the world to rethink our daily lives from work to school and play. In response to travel bans, school closures, and advice not to gather in large groups and stay away from other people to limit the spread of the virus, many people have turned to digital tools to maintain some semblance of normality. Digitizing our workplaces and education is essential for us to be effective. Those companies that can make good use of technology to continue to evolve and rethink their business model for the future through rapid digital transformation will stay ahead of their competitors. So, the purpose of this article is to consider how digital technologies have transformed since 2020.

scholarly journals Analysis of prospects for development of digital economies: Russian and global trends

2020 ◽  
Vol 2020 (4) ◽  
pp. 25-36
Author(s):  
Tatiana Aleksandrovna Levchenko ◽  
Dmitriy Maksimovich Levchenko
Keyword(s):  
Value Chain ◽  
Business Processes ◽  
Driving Forces ◽  
Digital Technologies ◽  
Digital Economy ◽  
Digital Transformation ◽  
Digital Platforms ◽  
Global Trends ◽  
The World ◽  
The Republic

The article describes the digital economy as the most important trend in the world economic development in recent decades. Digital technologies have embraced the lives of individuals around the world, changed business processes and the activities of government bodies. There have been examined the main approaches to defining the essence of the digital economy, their transformation over the past 30 years and the formation of modern views, within which three main approaches to defining the digital economy have been identified: reproductive, cyber-system and institutional. The analysis of the development of the digital economy in the world was carried out using various indicators (business digitalization index, Information Communication Technologies development index, the level of digital competitiveness and others). As for the most digitally advanced countries, there can be mentioned the Scandinavian states, the Netherlands, the Republic of Korea, Hong Kong, Japan, Great Britain, and Switzerland. The largest digital economy in the world is in China. There are considered the main driving forces of the digital economy: a new data value chain and an increase in the number of digital platforms, accompanied by an increase in their quality. The main tendencies of digitalization processes in Russia are revealed: improvement of positions in world rankings, an increase in the proportion of economic entities actively using digital technologies. The development of the digital economy in Russia is constrained by a number of factors, which determines the need to use the successful experience of other countries in the following main areas: the development of digital platforms, the digital transformation of industry, and the improvement of the digital entrepreneurship ecosystem. The prospects for the development of the digital economy at the global and Russian levels are outlined: the growth in the rate of digitalization and its contribution to global economic growth and GDP, changes in the structure of employment, strengthening of the digital transformation of public administration.

Risks of the Digitalization of Life of the Population and Ways of Decreasing Them

2021 ◽  
Vol 13 (4-1) ◽  
pp. 180-203
Author(s):  
Elena Stukalenko ◽  
Keyword(s):  
Quality Of Life ◽  
Digital Technologies ◽  
Well Being ◽  
Digital Economy ◽  
Digital Transformation ◽  
Negative Consequences ◽  
Short Period ◽  
The World ◽  
The Impact

Digital technologies, ubiquitous in our daily life, have radically changed the way we work, communicate, and consume in a short period of time. They affect all components of quality of life: well-being, work, health, education, social connections, environmental quality, the ability to participate and govern civil society, and so on. Digital transformation creates both opportunities and serious risks to the well-being of people. Researchers and statistical agencies around the world are facing a major challenge to develop new tools to analyze the impact of digital transformation on the well-being of the population. The risks are very diverse in nature and it is very difficult to identify the key factor. All researchers conclude that secure digital technologies significantly improve the lives of those who have the skills to use them and pose a serious risk of inequality for society, as they introduce a digital divide between those who have the skills to use them and those who do not. In the article, the author examines the risks created by digital technologies for some components of the quality of life (digital component of the quality of life), which are six main components: the digital quality of the population, providing the population with digital benefits, the labor market in the digital economy, the impact of digitalization on the social sphere, state electronic services for the population and the security of information activities. The study was carried out on the basis of the available statistical base and the results of research by scientists from different countries of the world. The risks of the digital economy cannot be ignored when pursuing state social policy. Attention is paid to government regulation aimed at reducing the negative consequences of digitalization through the prism of national, federal projects and other events.

TECHNOLOGICAL TRANSFORMATION AND DIGITALIZATION OF HOTEL BUSINESS: OPPORTUNITIES AND PERSPECTIVES

2020 ◽  
Author(s):  
Iliya Ivanov ◽  
Keyword(s):  
21St Century ◽  
Hotel Industry ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Technological Transformation ◽  
The World ◽  
Business Opportunities ◽  
Digital Generation ◽  
Scientific Report ◽  
The Way

At the advent of the 21st century, digital technologies have changed the way that hotel industry brings value to tourists around the world. The aim of this scientific report is to present the opportunities and perspectives for hotel business for digital transformation, as a crucial instrument for the growth of the industry and for meeting the needs of the new digital generation of consumers. With its potential, digital transformation is reshaping the industry, giving strategic advantages to companies focused on digital transformation of the business.

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.

scholarly journals E-Leadership: The Implication of Digital Transformation for Leadership in Organizations in Africa

2020 ◽  
Author(s):  
Fetnani Cecilia
Keyword(s):  
South African ◽  
Large Scale ◽  
Business Processes ◽  
Digital Technologies ◽  
Structuration Theory ◽  
Leadership Competencies ◽  
Digital Transformation ◽  
Scale Transformation ◽  
Network Systems ◽  
Case Study Methodology

The paper discusses electronic leadership (e-leadership) competencies that would ensure organizational competitiveness in the digital transformation of an organisation or a unit of an organisation. Like any other large-scale transformation of a business that has high failure rates, digital transformation can fail and it is failing in organisations in Africa; making them bankrupt requiring business rescue or taking them completely out of business. Digital transformation is considered as the process of using digital technologies (integrating cyber-physical systems (CPS) i.e., (intelligent network systems) and business processes) to create and improve production, sustain customer experiences; thus, the use of digital technologies to integrate business process, office automation, industrial process and factory automation to transform business. It is therefore argued that most African organizations are currently faced with the critical challenge of determining the pre- convergence and convergence of technologies, their alignment with strategy and their integration with business processes and systems to build digital business infrastructure for competitiveness. The concept of enactment of technology-in-practice derived from Adaptive Structuration Theory was used as a lens through which to understand and interpret the implications of the digital transformation on leadership competencies to derive e-leadership profile to lead African businesses in the digital age. As such the objective of this paper is to determine the competencies of e-leadership to lead digital transformation agenda of an organization in a highly and digitally competitive marketplace. It is a qualitative study, using an interpretative paradigm in a case study methodology where semi- structured interviews were used to collect data from each unit of analysis representing specific South African based businesses. The selected Cases in South African were extensively investigated. The enactment of e-leadership derived from AST is proposed to lead digital transformation. The implication is that the deployment of e-leadership in an organization has a potential to yield benefits such as the creation of higher organisational flexibility, empowerment of staff and strategic/competitive advantages for the organization. This paper proposes that having effective e-leaders in an organisation would lead to adequate appropriation of digital technologies to digitally transform an organisation.

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