Improving business efficiency: The contribution of the latest digital technologies

2021 ◽  
pp. 69-81
Author(s):  
A. Shvetsov
Keyword(s):  
Life Cycle ◽  
Information Systems ◽  
Economic Activity ◽  
Product Life Cycle ◽  
Digital Technologies ◽  
Processing Data ◽  
Global Trend ◽  
Production Distribution ◽  
Business Efficiency ◽  
Information And Communication

The global trend of the current decade is the «digitalization of the economy», which means the introduction of digital technologies into economic activity. Digital technologies used in the economy primarily include information and communication (information-computer) technologies, which are used to build information systems at various stages of the product life cycle. Such systems perform the tasks of collecting, transmitting and processing data coming from the production, distribution, exchange and consumption of products. A brief look at digital technologies used in modern industry.

Digitalization of the economy and digital technologies

2021 ◽  
pp. 116-127
Author(s):  
V.N. Rysina
Keyword(s):  
Life Cycle ◽  
Information Systems ◽  
Economic Activity ◽  
Product Life Cycle ◽  
Digital Technologies ◽  
Product Life ◽  
Processing Data ◽  
Global Trend ◽  
Production Distribution ◽  
Information And Communication

The global trend of the current decade is the «digitalisation of the economy», which means the introduction of digital technologies into economic activity. Digital technologies used in the economy primarily include information and communication (information-computer) technologies, which are used to build information systems at various stages of the product life cycle. Such systems perform the tasks of collecting, transmitting and processing data coming from the production, distribution, exchange and consumption of products. A brief look at digital technologies used in modern industry.

APPROACHES TO MANAGING THE MATERIALAND TECHNICAL SUPPORT OF A DIGITAL ENTERPRISE AT PRODUCT LIFE-CYCLE STAGES GIVEN DESIGN-TO-COST AND TIM

2021 ◽  
Vol 2 (6) ◽  
pp. 18-23
Author(s):  
A. A. ALESHIN ◽  
◽  
Yu. D. MYAKISHEV ◽  
N. E. PARMANOVA ◽  
M. A. M. A. ◽  
...  
Keyword(s):  
Life Cycle ◽  
Product Life Cycle ◽  
Technical Support ◽  
Product Life ◽  
Business Transformation ◽  
Life Cycle Stages ◽  
Global Trend ◽  
Digital Enterprise ◽  
New Look

The global trend of digital business transformation forces a new look at many traditional disciplines and methodologies, in particular, the management of the logistics of a digital enterprise at the stages of the cycle of creating products for a given cost and in a given time. In order to achieve the desired competitiveness of production, it is necessary to manage the material and technical support of the digital enterprise at the stages of the cycle of creating products at a given cost and in a given time, in order to constantly find reserves for improvement.

Interoperable Process Engineering System for Collaborative Optimization of Product Life-Cycle

2014 ◽  
pp. 166-191 ◽  
Author(s):  
Alberto Armijo ◽  
Mikel Sorli
Keyword(s):  
Life Cycle ◽  
Information Systems ◽  
Data Management ◽  
Product Life Cycle ◽  
Process Management ◽  
Business Processes ◽  
Collaborative Optimization ◽  
Market Conditions ◽  
Product Life ◽  
Business Agility

Most of the industrial organizations, including SMEs, need to quickly react and adapt to the changing market conditions imposed by globalization, such as new sustainability directives or new type of customers. The fulfillment of these requirements on time is a must so as to remain competitive in the global markets. Since data management information systems are already present in almost all the corpus of industrial enterprises as custom developments or standard PLM solutions, the natural technical evolution that aims to provide an effective answer to these changing market conditions comprises the shifting from a data management perspective towards a process management view. Hence, the challenge is how to manage business processes that build upon existing information systems so as to encourage business agility, efficiency, and interoperability. The proposed approach roots on the Business Process Management (BPM) discipline and leverages process optimization through the systematic modeling and reengineering of business processes accompanied by supporting interoperable and configurable eco-services, which are conceived as sustainability-aware services designed to optimize some aspects of the product life-cycle through eco-constraints management.

Maturity in Outsourcing Relationships

2010 ◽  
pp. 98-117
Author(s):  
Hans Solli-Sæther ◽  
Petter Gottschalk
Keyword(s):  
Life Cycle ◽  
Information Systems ◽  
Product Life Cycle ◽  
Growth Models ◽  
It Outsourcing ◽  
Growth Stages ◽  
Stage Model ◽  
Stages Of Growth ◽  
Systems Planning ◽  
Living Organisms

Stages of growth models have been used widely in both organizational research and information technology management research. According to King and Teo (1997), these models describe a wide variety of phenomena – the organizational life cycle, product life cycle, biological growth, stages of growth in information systems, growth model for integration between business planning and information systems planning, electronic commerce evolution, stages of knowledge management technology, and a number of other interesting developments in time perspectives. These models assume that predictable patterns (conceptualized in terms of stages or levels) exist in the growth of organizations and organizational parts, the sales levels of products, and the growth of living organisms. These stages are (1) sequential in nature, (2) occur as a hierarchical progression that is not easily reversed, and (3) evolve a broad range of organizational activities and structures. This chapter starts with an introduction to stages of growth models. In the following sections we present the three-stage model for the evolution of IT outsourcing relationships (Gottschalk & Solli-Sæther, 2006). The three stages are labelled cost stage, resource stage, and partnership stage respectively. Theory-based benchmark variables for measuring maturity in IT outsourcing relationships are presented, followed by the stage hypothesis and a description of how benchmark variables are used to indicate characteristics at each stage of growth. Finally in this chapter, we present results from an exploratory study testing the stage model. The purpose of this chapter is to develop a framework for improved understanding of the current situation in an IT outsourcing relationship in terms of a specific stage, to develop strategies for moving to a higher stage in the future, and to learn from earlier stage experience.

Information Systems Governance

2019 ◽  
pp. 260-286
Author(s):  
Almiro de Oliveira ◽  
Pedro Fernandes Anunciação
Keyword(s):  
Cloud Computing ◽  
Corporate Governance ◽  
Information Systems ◽  
Information And Communication Technologies ◽  
Economic Activity ◽  
Communication Technologies ◽  
New Approaches ◽  
Economic Organizations ◽  
Governance Practices ◽  
Information And Communication

The complexity of the environment and economical operation, tightly integrated with information and communication technologies, have challenged the management to adopt new paradigms and new approaches associated with new operating models. Internet of things, cloud computing, governance, and urbanism are some examples of new paradigms and new approaches in the area of information systems, which highlight the information as a basic resource for economic activity and justify the need to ensure appropriately the functions of production, storage, and distribution insofar as of its quality and availability depends on the effectiveness of corporate governance. This chapter, carried out by the European Club for Information Systems Governance in 2011 and 2012, provides evidence about the governance practices adopted in the area of information systems by large economic organizations in Portugal.

The role of logistics information system in the business-decision process

2007 ◽  
Vol 13 (3) ◽  
pp. 571-582
Author(s):  
Vlado Galicic ◽  
Ljubica Pilepic
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Decision Process ◽  
Business Systems ◽  
Business Decision ◽  
Logistics Information System ◽  
Business Efficiency ◽  
Information And Communication ◽  
Logistics Information ◽  
Efficiency And Productivity

The development of logistics information systems that support decision-making, together with the use of business intelligence, provides assistance and support to logistics managers in the decision process, thereby impacting on the quality of business and productivity. Being better informed and having greater intelligence for decision-making can help to create new value and gain competitive advantage. Logistics business systems in a tourism destination appreciate the importance of information and communication technology in the decision process and seek to develop efficient logistics information systems that will make it possible to take better and more appropriate decisions directly aimed at improving business efficiency and productivity.

scholarly journals Conceptual Approaches to Defining «E-commerce»

2020 ◽  
Vol 4 (46) ◽  
pp. 231-240
Author(s):  
N. V. Trushkina ◽  
◽  
O. R. Serhieieva ◽  
Y. O. Shkrygun ◽  
◽  
...  
Keyword(s):  
Public Relations ◽  
Information And Communication Technologies ◽  
Economic Activity ◽  
Digital Technologies ◽  
Communication Technologies ◽  
Electronic Interaction ◽  
Activity Type ◽  
Commercial Activity ◽  
Analysis And Synthesis ◽  
Information And Communication

At the present stage of rapid formation of the digital space, the problems of e-commerce development are becoming relevant. The article aims at generalizing and systematizing the existing scientific approaches to the interpretation of the "e-commerce" concept, and substantiating the author’s approach to defining the essence and content of this term. To achieve this goal, methods of analysis and synthesis, comparison, structural and logical generalization, and classification are used. It has been found out that most researchers identify e-commerce with such concepts as e-business, Internet business, IT business, e-marketing, e-trading, digital marketing, Internet-marketing, Internet-trading, Internet-commerce, e-retail, virtual trading, distance trading, electronic trading. Scientific approaches to formulating the term "e-commerce" can be systematized according to classification groups: part of e-business; type of economic activity; economic activity; commercial activity; type of electronic commercial activity; type of entrepreneurship; specific type of trade; marketing strategy; type of business process; electronic interaction of economic entities; type of trade through information and communication technologies; electronic commercial agreement; type of public relations for the sale of goods; a set of rules for the implementation of electronic relations for the purchase and sale of goods. Summing up the results of scientific research on the conceptual framework, the author interprets the term "e-commerce" as a component of e-business, the essence of which is to strengthen partnerships in buying and selling products using digital technologies and information systems; as an effective form of organizing logistics activities of enterprises by using information and communication technologies and systems; as a tool for promoting products in the market using digital technologies.

scholarly journals Developing an Environmental Performance Index (EPI): a focus on impacts of information and communication technology use

2011 ◽  
Vol 7 (1) ◽  
Author(s):  
C Mbohwa ◽  
J Agwa-Ejon
Keyword(s):  
Life Cycle ◽  
Information And Communication Technology ◽  
Performance Measures ◽  
Communication Technology ◽  
Performance Index ◽  
Technology Use ◽  
Environmental Performance ◽  
Product Life Cycle ◽  
Environmental Performance Index ◽  
Information And Communication

There is a growing need for environmental performance measures that can be used by all stakeholders like surrounding communities, customers, suppliers and shareholders to gauge the environmental performance of organizations. The environmental performance measures that are used worldwide are normally not suitable for benchmarking organizations. This paper develops an environmental performance index using indicator and weight matrices of the full life cycle phases of an organization’s energy use for environmental management system activities. This work is transdisciplinary in nature and applies mathematical matrices and environmental productivity approaches, and borrows from the development of quality indices to consider a variety of impacts that cut across various phases of a product life cycle and different functions within an organization. The focus is on information and communication technology use in these systems. The model is applied to the Japanese automotive industry and the findings show that it is feasible and effective for comparing the environmental performance of companies in the same sector using the same weight matrices and indicators agreed to. The work informs decision making on the development of environmental performance measures that have worldwide applications, across many disciplines, in situations where suitable data are recorded. It also contributes to efforts on economic and social sustainability. Research efforts in similar areas in Southern Africa can benefit from the development and improvement of the proposed methodology.Keywords: Environmental performance index, indicator and weight matrices, benchmarkingDisciplines: Information and Communications Technology Studies (ICT), Environmental Studies, Economics, Sustainability Studies

Real Options and Its Suitability in Assessing International Digital Investment

2020 ◽  
pp. 235-258
Author(s):  
Jorge Tarifa-Fernández ◽  
Ana María Sánchez-Pérez ◽  
Salvador Cruz-Rambaud
Keyword(s):  
Artificial Intelligence ◽  
Life Cycle ◽  
Real Options ◽  
Product Life Cycle ◽  
Digital Technologies ◽  
Payment Systems ◽  
Global Issues ◽  
Real Options Approach ◽  
Informed Decisions ◽  
Strategic Perspective

Firms have experienced extreme competition because of changes in technological and global issues. Globalization of manufacturing has arisen through a faster transfer of materials, complex payment systems, and compression of product life cycle. Eventually, firms need the integration of technologies to meet the increasingly sophisticated customers' needs. Among the technologies, artificial intelligence has attracted much of the attention as it has been foreseen to have a major impact on all industries. Real options approach may be applied to make informed decisions concerning digital technologies investments. Therefore, firms could decide to defer the option of investing in artificial intelligence for the sake of finding a more favorable future environment. This chapter provides an adequate tool to reduce uncertainty in deciding whether to implement artificial intelligence in their companies. This tool comprises the strategic perspective of the investment in digital technologies that makes it suitable to be incorporated as a part of the set of strategic tools.

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