Financial risks in the face of digital transformation

Public Law ◽  
2020 ◽  
pp. 43-49
Author(s):  
A. Kovalchuk ◽  
S. Stetsenko
Keyword(s):  
Digital Transformation ◽  
Financial Risks ◽  
The Face

scholarly journals Management of ICT Implementations in Enterprises in Poland

2019 ◽  
Vol 8 ◽  
pp. 61-75
Author(s):  
Bogusława Ziółkowska
Keyword(s):  
Information Technologies ◽  
Business Models ◽  
Business Processes ◽  
Value Added ◽  
Digital Transformation ◽  
Social Consequences ◽  
Resource Configuration ◽  
Strategic Approach ◽  
The Face ◽  
Distance Communication

In order to develop and be competitive, modern enterprises, which function in an environment that is globalised, dynamic and subject to strong digitalisation pressure, need to implement information technologies in a way that will allow them, as they achieve further levels of virtualisation, to maintain, and even enhance, their ability to create value added. As business activity is moved to a space shaped by computers and IT networks and distance communication tools and forms are developed, the importance of establishing contacts and relations in the organisation and execution of value-creation business processes increases. Digitalisation of the economy and society is one of the most dynamic changes of our times, opening up new opportunities to create business models, while bringing uncertainty and various threats connected, among other things, with social consequences of the automation of production processes and security in a broad sense. The aim of the presentation is to indicate areas of activity in which information technologies are most often implemented in enterprises in Poland as well as managers' strategic approach to this problem in the face of digital transformation. The paper presents the level of Polish enterprises’ engagement in the process of digital transformation and shows how the progress in terms of implementation of modern ICT in the aspect of customer contacts, managing and executing contacts with suppliers and recipients and resource configuration, impacts the effectiveness of the enterprises surveyed.

scholarly journals Social Impact Returns. Filling the Finance Gap with Data Value

2021 ◽  
Author(s):  
Amparo Marin de la Barcena Grau
Keyword(s):  
Climate Change ◽  
Artificial Intelligence ◽  
Social Impact ◽  
Resource Scarcity ◽  
Digital Transformation ◽  
Growth Strategy ◽  
Financial Risks ◽  
Common Value ◽  
Use Of Data ◽  
Data Value

Sustainability, regulation and environmental issues such as climate change and resource scarcity are emerging as key trends with decisive impact on company’s Risk management, value creation and growth strategy. This combination represents one of the biggest opportunities to Society as a whole, including organizations, Governments and citizens. Typically, companies possess vast amounts of data, most of it unutilized. Many are now making investments in digital transformation, which generates even more data. The issue is how to generate social impact returns. The use of data and data analytics is centuries old, but with Artificial Intelligence (AI), Machine Learning (ML), jointly with other distributed ledger technologies (Blockchain, Cloud) that are advancing rapidly, there are major opportunities to capture value better, cheaper and faster. Speed is of the essence, and success depends on how fast organizations understand the need for non-financial risks management and respond to data-driven intelligence by reallocating resources to accomplish what needs to be done more efficiently. The reason for impact returns is understanding the benefit as a common value, not exclusive to companies, but it also has to distribute value among individuals, communities, and why not, to contribute to regenerate our planet based on a new economy.

scholarly journals Analysis Of Changes In The Structure Of Household Finances Related To Having A Child - Valuation Of Loss Of Benefits

2019 ◽  
Vol 8 ◽  
pp. 76-90 ◽  
Author(s):  
Anna Jędrzychowska ◽  
Ewa Poprawska
Keyword(s):  
Information Technologies ◽  
Business Models ◽  
Business Processes ◽  
Value Added ◽  
Digital Transformation ◽  
Social Consequences ◽  
Household Finances ◽  
Strategic Approach ◽  
The Face ◽  
Distance Communication

  In order to develop and be competitive, modern enterprises, which function in an environment that is globalised, dynamic and subject to strong digitalisation pressure, need to implement information technologies in a way that will allow them, as they achieve further levels of virtualisation, to maintain, and even enhance, their ability to create value added. As business activity is moved to a space shaped by computers and IT networks and distance communication tools and forms are developed, the importance of establishing contacts and relations in the organisation and execution of value-creation business processes increases. Digitalisation of the economy and society is one of the most dynamic changes of our times, opening up new opportunities to create business models, while bringing uncertainty and various threats connected, among other things, with social consequences of the automation of production processes and security in a broad sense. The aim of the presentation is to indicate areas of activity in which information technologies are most often implemented in enterprises in Poland as well as managers' strategic approach to this problem in the face of digital transformation. The paper presents the level of Polish enterprises’ engagement in the process of digital transformation and shows how the progress in terms of implementation of modern ICT in the aspect of customer contacts, managing and executing contacts with suppliers and recipients and resource configuration, impacts the effectiveness of the enterprises surveyed.

scholarly journals The Effects of the COVID-19 Pandemic on the Work and Financial Outcomes of Older Black and Hispanic Adults

2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 24-24
Author(s):  
Kendra Jason ◽  
Dawn Carr ◽  
Zhao Chen
Keyword(s):  
Older Adults ◽  
Work Engagement ◽  
Financial Risks ◽  
Theoretical Frameworks ◽  
Financial Outcomes ◽  
Logistic Regression Models ◽  
Hispanic Adults ◽  
The Face ◽  
And Coping ◽  
Future Work

Abstract This study investigates how older Black and Hispanic adults’ work engagement is impacted by the effects of COVID-19. Using intersectionality and cumulative (dis)advantage as complementing theoretical frameworks, data from the Health and Retirement Study, and series of logistic regression models, we measure work engagement changes pre- and post- COVID-19. Preliminary findings suggest that net of other controls, there were no substantial or significant reductions in resilience as the result of COVID-19 itself for any racial/ethnic group. White older adults, and to some degree Hispanics older adults, experienced erosion in resilience related to financial hardships, but the resilience of Black older adults remained stable in the face of increased hardship. Future work in this area will improve our limited understanding of older Black and Hispanic adults’ experiences of managing and coping with COVID-19- related work and financial risks– information that will be critical for planning intervention and support services.

scholarly journals Are incumbent banks bygones in the face of digital transformation?

2020 ◽  
Vol 46 (1) ◽  
pp. 60-69
Author(s):  
Ioannis Krasonikolakis ◽  
Michalis Tsarbopoulos ◽  
Teck-Yong Eng
Keyword(s):  
Digital Technologies ◽  
Organizational Outcomes ◽  
Retail Banking ◽  
Digital Transformation ◽  
Theory Approach ◽  
Information Communication ◽  
Social Informatics ◽  
The Face ◽  
Rapid Deployment ◽  
Retail Banks

Digital transformation has received considerable scholarly attention in areas of management, business, information systems, information technology and marketing. In particular, retail banks have been at the forefront of technological revolution characterized by rapid deployment and innovation of digital services, exponential pace of change and innovative breakthroughs that alter conventional banking practice. However, the term digital transformation is often misunderstood as a straightforward deployment of the latest information communication technologies. In practice, technological investments entail not only risk but also require an understanding of the relationship between technological, organizational culture and institutional change within certain boundaries of regulatory framework. Digital transformation is far from simple, certain or predictable and likely to be disruptive or transformative with immutable impacts upon associated organizational outcomes related to technical capabilities and behaviours. The present study attempts to explore and develop a framework for understanding digital transformation by examining the development, deployment and use of digital technologies in retail banking. Within a social informatics perspective, this study examines the effects of digital technologies on retail banks operations, structure and capabilities of those who deploy, implement and use it. Using a grounded theory approach, the study explores theoretical constructs by reviewing the literature and analysing primary field data including data from retail banks and interviews with senior professionals. The findings provide the pitfalls and successful approaches towards the digital transformation journey. This includes the ordinary dilemmas that the managers face to deliver the projects at hand.

Digital teams: contemporary anywhere office work model for MIL cities

2021 ◽  
pp. 198-211
Author(s):  
F. Ortiz ◽  
M. Cipolla
Keyword(s):  
Organizational Culture ◽  
Virtual Teams ◽  
Information Literacy ◽  
Participant Observation ◽  
Digital Transformation ◽  
Office Work ◽  
New Learning ◽  
The Face ◽  
Work Model

In this article we analyze the main characteristics of virtual teams and associations as a contemporary Anywhere office modality that will grow more and more in the face of digital transformation and its impact for MIL cities. The levels of development of virtual associations are de­ scribed according to various authors and the growing need to imple­ ment virtualization and the management of new learning and workforce is addressed in order for collaborators/citizens to develop and continue to deliver results. The objective of this work is to show the main char­ acteristics of these virtual teams, as well as the challenges that imply developing organizational culture with parameters of MIL Cities, using a philosophy of media and information literacy so that the inclusion of technology for employees is more covered. The methodology used was a theoretical­pratical, based on the bibliographic review of the topic and the participant observation of the authors during their consultations in the companies which they operate.

Change Management in the Digital Transformation Projects

2021 ◽  
pp. 91-97
Author(s):  
Nuno Geada
Keyword(s):  
Change Management ◽  
Digital Age ◽  
Digital Economy ◽  
Digital Transformation ◽  
Growth Potential ◽  
The Face ◽  
Huge Impact ◽  
Great Growth

Digitization is currently radically and exponentially changing business across all sectors. Organizations are facing the challenge of managing all rapid and repetitive adaptation in the face of changing infrastructures in order to correspond with the needs of the digital age, so organizations must be aware to avoid unnecessary disruptions to business. The digital economy shows great growth potential in the scope of transactions between companies. Today, consumers have a huge impact on the economy, as we are in a society that is always “online” and well informed.

Digital Transformation in the Energy Industry

2021 ◽  
pp. 97-111
Author(s):  
Emiliano Sola ◽  
Viviana D'Angelo ◽  
Francesca Capo
Keyword(s):  
Business Models ◽  
Oil And Gas ◽  
New Technologies ◽  
Customer Experience ◽  
End Users ◽  
Digital Transformation ◽  
Energy Industry ◽  
Wide Range ◽  
The Face ◽  
The One

In recent years, digital transformation has begun to significantly affect the business landscape, disrupting existing business models. In the midst of this revolution, oil and gas retail companies are experiencing a strong transformation of the whole industry, which is also driving the transformation of their processes, assets, and people. In this chapter, the authors explore how oil and gas retail companies are trying to redefine their business models by providing end-users with a wide range of smart and connected solutions. The main purpose of this work is to analyse, in the face of the digital transformation era, the potential that new technologies can unleash in mature and commoditized industries such as the one of oil and gas retail. In particular, the present work focuses on the digital transformation strategy of fuel retail companies based on the improvement of customer experience.

¿Cómo de lleno está el vaso?

Tábula ◽  
2021 ◽  
pp. 25-40
Author(s):  
Adrian Cunningham
Keyword(s):  
Big Data ◽  
Digital Transformation ◽  
The State ◽  
Wicked Problem ◽  
Years Of Experience ◽  
Work Processes ◽  
Apparent Lack ◽  
Emerging Trends ◽  
The Face ◽  
Silver Bullet

Este artículo revisa los treinta años de experiencia de los profesionales de los documentos respondiendo al desafío de la transformación digital de los procesos de trabajo, con especial referencia a Australia. Mantiene que el desafío ha demostrado ser un problema perverso, que ha impedido una fácil resolución. Aunque se han identificado algunas estrategias útiles y se han logrado algunos avances, la situación general es que la situación de la gestión de documentos digitales continúa deteriorándose. Se apuntan varias razones para esta aparente falta de progreso, al igual que las tendencias y problemas emergentes, como el ‘big data’. El autor sostiene que no existen soluciones rápidas o “soluciones mágicas” y que deberíamos reducir nuestras expectativas de éxito. Sin embargo, mantiene que ahora existe una gama de buenos estándares, herramientas y modelos que se pueden implementar para tratar de lograr resultados de gestión de documentos ‘suficientemente buenos’, pero que nuestra profesión debe ser resiliente, flexible, realista y decidida a enfrentarse a las inevitables frustraciones y contratiempos. This paper reviews 30 years of experience of records professionals responding to the challenge of digital transformation of work processes, with particular reference to Australia. It argues that the challenge has proved to be a wicked problem, which has defied easy resolution. Although some useful strategies have been identified and some progress has been made, the overall situation is that the state of digital recordkeeping is continuing to deteriorate. Various reasons for this apparent lack of progress are discussed, as are emerging trends and issues, such as ‘big data’. The author argues that there are no quick fixes or ‘silver bullet’ solutions and that we should lower our expectations of success. He argues, nevertheless, that there now exists a range of good standards, tools and models that can be deployed to try to achieve ‘good enough’ recordkeeping outcomes, but that our profession has to be resilient, flexible, realistic and determined in the face of inevitable frustrations and setbacks. TRANSFORMACIÓN DIGITAL | DATOS | AUSTRALIA | GESTIÓN DE DOCUMENTOS DIGITALES

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