scholarly journals Digitainability: The Combined Effects of the Megatrends Digitalization and Sustainability

2021 ◽  
Vol 9 (2) ◽  
pp. 64-80
Author(s):  
Ulrich Lichtenthaler
Keyword(s):  
Cost Savings ◽  
Digital Transformation ◽  
Dark Side ◽  
Strategic Initiatives ◽  
New Business ◽  
Sustainability Initiatives ◽  
The Individual ◽  
Fertilization Effects ◽  
Individual Importance ◽  
Cross Fertilization

The concept of digitainability has recently been suggested to underscore potential cross-fertilization effects between digitalization and sustainability, which have often been neglected. This article draws on an innovation-based view to develop a conceptual framework for combining digitalization and sustainability in firms’ strategic initiatives. It distinguishes four settings depending on whether firms pursue either digitalization or sustainability – or both or none of them to a strong degree. Beyond the individual importance of the two megatrends, their potential positive and negative interdependencies will gain further importance, and this article underscores the need for overcoming a potential dark side of digital solutions in terms of their carbon footprint and energy consumption to enable a sustainable digital transformation. In addition, digitainability offers the opportunity to move beyond optimization and cost savings due to digitalization and sustainability initiatives in order to capture the cross-fertilization potential of these two megatrends for innovation and new business development.

scholarly journals Opportunities and Challenges of Green-Lean: An Integrated System for Sustainable Construction

2020 ◽  
Vol 12 (11) ◽  
pp. 4460 ◽  
Author(s):  
Mohammadsoroush Tafazzoli ◽  
Ehsan Mousavi ◽  
Sharareh Kermanshachi
Keyword(s):  
Cost Savings ◽  
Integrated Approach ◽  
Integrated System ◽  
Waste Minimization ◽  
Sustainable Construction ◽  
Future Research ◽  
Safety Improvement ◽  
The Individual ◽  
High Level ◽  
Industry Professionals

Although the two concepts of lean and sustainable construction have been developed due to different incentives, and they do not pursue the same exact goals, there exists considerable commonality between them. This paper discusses the potentials for integrating the two approaches and their practices and how the resulting synergy from combining the two methods can potentially lead to higher levels of fulfilling the individual goals of each of them. Some limitations and challenges to implementing the integrated approach are also discussed. Based on a comprehensive review of existing papers related to sustainable and lean construction topics, the commonality between the two approaches is discussed and grouped in five categories of (1) cost savings, (2) waste minimization, (3) Jobsite safety improvement, (4) reduced energy consumption, and (5) customers’ satisfaction improvement. The challenges of this integration are similarly identified and discussed in the four main categories of (1) additional initial costs to the project, (2) difficulty of providing specialized expertise, (3) contractors’ unwillingness to adopt the additional requirements, and (4) challenges to establish a high level of teamwork. Industry professionals were then interviewed to rank the elements in each of the two categories of opportunities and challenges. The results of the study highlight how future research can pursue the development of a new Green-Lean approach by investing in the communalities and meeting the challenges of this integration.

Digital Transformation of the Service Sector

2021 ◽  
pp. 41-54
Author(s):  
D. Shevchenko ◽  
V. Mihaylov
Keyword(s):  
Business Model ◽  
Service Sector ◽  
New Technologies ◽  
Rapid Development ◽  
Digital Transformation ◽  
Services Sector ◽  
Remote Maintenance ◽  
New Business ◽  
The Difference ◽  
Cloud Technologies

The article is devoted to the problems of digital transformation of companies in the service sector. The article describes the concepts of "digitization", "digitalization", "digital transformation", "automation". The analysis of the main sectors of the public services sector, the processes of transformation into a new business model of their development is carried out. Specific examples show the role of digital technologies implemented by individual companies, the leaders of their industry: "Internet of Things" (IoT); virtual diagnostics of the service; mobile applications and portals; artificial intelligence and machine learning (AI / ML); remote maintenance; UX design; virtual reality; cloud technologies; online services and others. The authors proceed from understanding the difference between automation and digitalization, the strategic goal of which is to create a new digital business model that creates new value. The result of digital transformation is the reconfiguration of processes that change the business logic of the company and the process of creating value. The article concludes that the rapid development of new technologies leads to the fact that companies face not only a dilemma when choosing the most suitable technologies for investment, but also the problem of staffing and finding an adequate organizational structure to create and maintain a new business model of the company.

scholarly journals Seeking Consensus: A New Approach

2010 ◽  
Vol 138 (12) ◽  
pp. 4402-4415 ◽  
Author(s):  
Paul J. Roebber
Keyword(s):  
Minimum Temperature ◽  
Forecast Accuracy ◽  
Cost Savings ◽  
Absolute Error ◽  
Electricity Production ◽  
Forecast Errors ◽  
Consensus Forecasts ◽  
Temperature Forecast ◽  
Model Output Statistics ◽  
The Individual

Abstract Simulated evolution is used to generate consensus forecasts of next-day minimum temperature for a site in Ohio. The evolved forecast algorithm logic is interpretable in terms of physics that might be accounted for by experienced forecasters, but the logic of the individual algorithms that form the consensus is unique. As a result, evolved program consensus forecasts produce substantial increases in forecast accuracy relative to forecast benchmarks such as model output statistics (MOS) and those from the National Weather Service (NWS). The best consensus produces a mean absolute error (MAE) of 2.98°F on an independent test dataset, representing a 27% improvement relative to MOS. These results translate to potential annual cost savings for electricity production in the state of Ohio of the order of $2 million relative to the NWS forecasts. Perfect forecasts provide nearly $6 million in additional annual electricity production cost savings relative to the evolved program consensus. The frequency of outlier events (forecast busts) falls from 24% using NWS to 16% using the evolved program consensus. Information on when busts are most likely can be provided through a logistic regression equation with two variables: forecast wind speed and the deviation of the NWS minimum temperature forecast from persistence. A forecast of a bust is 4 times more likely to be correct than wrong, suggesting some utility in anticipating the most egregious forecast errors. Discussion concerning the probabilistic applications of evolved programs, the application of this technique to other forecast problems, and the relevance of these findings to the future role of human forecasting is provided.

scholarly journals Legacy Digital Transformation: TCO and ROI Analysis

2021 ◽  
Vol 12 (3) ◽  
pp. 163-170
Author(s):  
Ravi Kiran Mallidi ◽  
Manmohan Sharma ◽  
Jagjit Singh
Keyword(s):  
Return On Investment ◽  
Business Models ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Digital World ◽  
New Business ◽  
Core Elements ◽  
Business Needs ◽  
Security Organizations

Legacy Digital Transformation is modernizing or migrating systems from non-digital or older digital technology to newer digital technologies. Digitalization is essential for information reading, processing, transforming, and storing. Social media, Cloud, and analytics are the major technologies in today's digital world. Digitalization (business process) and Digital Transformation (the effect) are the core elements of newer global policies and processes. Recent COVID pandemic situation, Organizations are willing to digitalize their environment without losing business. Digital technologies help to improve their capabilities to transform processes that intern promote new business models. Applications cannot remain static and should modernize to meet the evolving business and technology needs. Business needs time to market, Agility, and reduce technical debt. Technology needs consist of APIs, better Security, Portability, Scalability, Cloud support, Deployment, Automation, and Integration. This paper elaborates different transformation/modernization approaches for Legacy systems written in very long or End of Life (EOL) systems to newer digital technologies to serve the business needs. EOL impacts application production, supportability, compliance, and security. Organizations spend money and resources on Digital Transformation for considering Investment versus Return on Investment, Agility of the System, and improved business processes. Migration and Modernization are critical for any Legacy Digital Transformation. Management takes decisions to proceed with Digital Transformation for considering Total Cost Ownership (TCO) and Return on Investment (ROI) of the program. The paper also includes a TCO-ROI calculator for Transformation from Legacy / Monolithic to new architectures like Microservices.

The Dark side of helping: Escalation of commitment

2021 ◽  
Author(s):  
Rahul Patel ◽  
Matthias Spitzmuller
Keyword(s):  
Real World ◽  
Dark Side ◽  
Escalation Of Commitment ◽  
The Real ◽  
External Resources ◽  
Course Of Action ◽  
Helping Behaviours ◽  
The Individual ◽  
Available Resources

In the real world, employees may be presented with difficult tasks that could be tackled in multiple ways and with available resources. On top of this, with deadlines, few external resources, and other tasks that employees typically face, thinking tends to be narrowed and so do the actions that follow. This could lead to a persistent course of action that leads to failure. We call this situation escalation of commitment. When our coworkers offer help and we are stuck and have invested time and effort into near-impossible tasks, is it worth accepting this offer of help? Or, would we rather risk more time and resources and instead persist in solving this near impossible problem? In the latter option, the individual may experience burnout and stress. For the organization, deadlines would not be met, and objectives could not be accomplished. My research looks at these helping behaviours and whether they lead others astray in an escalation of commitment. Specifically, I predict that individuals who have invested in a failing course of action are less likely to abandon this path when they receive help from others. This intersection of escalation and helping behaviours are important because when employees attempt to help a coworker who is invested in an extremely difficult task, they may be doing more harm than good.

DIGITAL TRANSFORMATION OF SOCIO-ECONOMIC RELATIONS AND THE PROBLEM OF THEIR LEGAL REGULATIONS

2021 ◽  
Author(s):  
Ольга Юрьевна Колесникова
Keyword(s):  
Artificial Intelligence ◽  
Coordinate System ◽  
Legal Regulation ◽  
Digital Transformation ◽  
Legal Regulations ◽  
Work Analysis ◽  
Economic Relations ◽  
The Individual

Актуальность работы обусловлена цифровой трансформацией социально-экономических отношений и необходимостью исследований их правового регулирования в системе координат “индивидуум - общество - цифровизация - роботы - искусственный интеллект”. Цель работы: анализ тенденций цифровизации социально-экономических отношений и предопределяемой этими отношениями проблемы их правового регулирования. The relevance of the work is due to the digital transformation of socio-economic relations and the need to research their legal regulation in the “individual - society - digitalization - robots - artificial intelligence” coordinate system. Purpose of the work: analysis of trends in the digitalization of socio-economic relations and the problem of their legal regulation predetermined by these relations.

The Transformation of Traditional TVs Into Digital Platforms

2021 ◽  
pp. 102-114
Author(s):  
Hayat Ayar Senturk
Keyword(s):  
Customer Value ◽  
Business Models ◽  
Business Processes ◽  
Digital Transformation ◽  
Competitive Strategies ◽  
Business Decisions ◽  
Digital Platforms ◽  
Competition Analysis ◽  
Growth Opportunity ◽  
New Business

Digital transformation means developing new business models, unforgettable customer experiences, and competitive strategies by using digital technologies, thus creating efficiency in business processes and providing better customer value. While digital transformation is one of the important business decisions, more specifically, the pandemic and the increase in time spent at home have created a substantial growth opportunity for digital broadcast service providers. In this regard, the fact that an already growing market has increased its growth momentum with the effect of the pandemic has made the digital transformation of traditional TV media inevitable. In this study, digital broadcasting sector in Turkey has been examined in the context of strategic marketing management. In this way, by conducting the situation and competition analysis, suggestions were made regarding marketing strategies for Turkish digital platforms that have just entered the market.

scholarly journals Digital transformation: harnessing digital technologies for the next generation of services

2019 ◽  
Vol 33 (4) ◽  
pp. 429-435 ◽  
Author(s):  
Mohamed Zaki
Keyword(s):  
Business Models ◽  
Digital Technologies ◽  
Customer Experience ◽  
Digital Transformation ◽  
Data Driven ◽  
Next Generation ◽  
Content Type ◽  
New Business ◽  
Market Opportunities ◽  
New Business Models

Purpose The purpose of this paper is to discuss digital transformation and its four trajectories – digital technology, digital strategy, customer experience and data-driven business models – that could shape the next generation of services. This includes a discussion on whether both the market and organizations are all ready for the digital change and what are the opportunities that will enable firms to create and capture value though new business models. Design/methodology/approach Providing services is a proven and effective way to secure a competitive position, deliver long-term stable revenues and open up new market opportunities. However, it is also clear that some organisations are struggling to digitally transform. Therefore, the commentary provides a brief insight into how firms explore the possibilities of digital transformation and navigate these uncharted waters. Findings Today’s digital technologies affect the organisation outside and in, enabling the creation of new business models and transforming the customer experience. The incumbents are acutely aware that they need to transform strategically – to build new networks and value chains. Originality/value This commentary extends earlier work exploring the digital disruption within services to highlight a number of connected areas: the challenges and opportunities of digital transformation at a strategic level, as well as understanding and enhancing the customer experience and seeing how new data-driven business models can underpin service transformation.

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