Agile Business Analysis for Digital Transformation

2022 ◽  
pp. 1902-1926
Author(s):  
Busra Ozdenizci Kose
Keyword(s):  
Information Technology ◽  
Continuous Improvement ◽  
Business Models ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Continuous Learning ◽  
It Projects ◽  
Business Analysis ◽  
Agile Practices ◽  
Continuous Feedback

The use of cutting-edge digital technologies and the realization of right project, program, and portfolio (3P) initiatives can trigger the intended company-wide change and the digital transformation. Today, organizations need to increase their agility for managing their information technology (IT) projects and transforming their business models. The integration of agile perspective and business analysis (BA) approach has a great potential to increase the success of digital transformation. This study aims to provide an overview of state-of-the-art in agile business analysis in scope of digital transformation. In accordance with the well-known frameworks, general principles and promising techniques of Agile BA are highlighted and discussed. The regarding agile practices provide valuable guidelines for researchers and practitioners that how they can assist continuous feedback, continuous learning, continuous improvement, and continuous integration capabilities of organizations; and also how to maximize value to the stakeholders in agile project lifecycles and agile business transformations.

Agile Business Analysis for Digital Transformation

2021 ◽  
pp. 98-123
Author(s):  
Busra Ozdenizci Kose
Keyword(s):  
Information Technology ◽  
Continuous Improvement ◽  
Business Models ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Continuous Learning ◽  
It Projects ◽  
Business Analysis ◽  
Agile Practices ◽  
Continuous Feedback

The use of cutting-edge digital technologies and the realization of right project, program, and portfolio (3P) initiatives can trigger the intended company-wide change and the digital transformation. Today, organizations need to increase their agility for managing their information technology (IT) projects and transforming their business models. The integration of agile perspective and business analysis (BA) approach has a great potential to increase the success of digital transformation. This study aims to provide an overview of state-of-the-art in agile business analysis in scope of digital transformation. In accordance with the well-known frameworks, general principles and promising techniques of Agile BA are highlighted and discussed. The regarding agile practices provide valuable guidelines for researchers and practitioners that how they can assist continuous feedback, continuous learning, continuous improvement, and continuous integration capabilities of organizations; and also how to maximize value to the stakeholders in agile project lifecycles and agile business transformations.

Emerging trends in digital transformation: a bibliometric analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Raghu Nandan Chawla ◽  
Praveen Goyal
Keyword(s):  
Bibliometric Analysis ◽  
Business Models ◽  
Digital Technologies ◽  
Citation Network ◽  
Digital Transformation ◽  
Intellectual Structure ◽  
Future Research ◽  
Strategic Decisions ◽  
Content Type ◽  
Research Areas

PurposeUbiquitous digital technologies are driving organisations to embrace non-traditional digitally transformed business models incessantly. Heterogeneous literature contributions have resulted in a spur in the research related to business transformation driven by digital technologies in recent years; consequently, the research under the digital transformation (DT), even though becoming a hotspot, remains very fragmented. The authors endeavour to holistically present the literature's intellectual structure under DT as a concept, its evolving journey and the emerging research streams in the business and management domains using the techniques of bibliometric analysis.Design/methodology/approachBy performing bibliometric analysis on 234 research articles published over the last 20 years in the DT domain, retrieved from Thompson Reuters Web of Science TM, this study culls out thorough insights from the citation, co-citation and keyword analysis. Further emerging research streams were evaluated using VOSviewer software.FindingsThe study depicts an overall incremental trend of year-on-year publications, authors' performance, publication journals, associated institutions and research driving countries, along with key insights from co-citation network analysis. Furthermore, the study evaluates four research areas – organisational impacts, applied applications and insights, operational processes and social aspects, comprising eighteen research streams that comprehensively cover-up research under the DT domain.Research limitations/implicationsThe study contributes to the literature of DT by amalgamating the status of the present research, but more importantly, by deriving the research areas and research streams, which can be further expanded by researchers as future research streams.Practical implicationsFor the practitioners, the study aims to act as a ready reckoner repository with practice-oriented literature references to facilitate them building knowledge and taking effective strategic decisions to harness the benefits of DT more proficiently.Originality/valueThis study illustrates the bibliometric structure of the DT literature and presents insights from the growth of the literature year-on-year.

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 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.

How to Monetize Data

2021 ◽  
pp. 95-104
Author(s):  
Lokke Moerel
Keyword(s):  
Corporate Governance ◽  
Business Models ◽  
Ethical Dilemmas ◽  
Digital Technologies ◽  
Digital Transformation ◽  
The Road

This chapter is a continuation of the preceding chapter, where the author discussed the obstacles encountered by established companies when wishing to transform their business models and provides suggestions for improvement of their corporate governance to better navigate the digital transformation. In this chapter, the author provides practical rules of the road for how established companies can monetize their data including some pitfalls for established companies and discusses a number of ethical dilemmas that companies have encountered in practice when implementing new digital technologies and services.

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.

Digital Transformation

2021 ◽  
pp. 16-31
Author(s):  
Chandra Sekhar Patro ◽  
K. Madhu Kishore Raghunath
Keyword(s):  
Business Models ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Product Reviews ◽  
Business Units ◽  
New Business ◽  
Modern Business ◽  
Business Enterprises ◽  
High Level ◽  
Effective Use

Digital transformation and innovative business models are enabling a high level of competition among business enterprises. The worldwide adoption of the internet and an increasing number of associated technologies have strengthened the digital transformation. Digital technologies allow the customers to co-create value by designing and customizing products, perform last-mile distribution activities, and help other customers by sharing product reviews. Digital transformation is an enterprise-wide phenomenon that leads to the development of new business. This is intrinsically linked to strategic changes in the business model as a result of the implementation of digital technologies models, which may be new to the focal business units or industry. The chapter articulates the influence of digital transformation on the performance of business enterprises in the competitive environment. It analyzes the barriers to the effective use of digital technologies and also the digital transference initiatives of modern business enterprises.

scholarly journals How digitalization affects insurance companies: overview and use cases of digital technologies

2020 ◽  
Author(s):  
Christian Eckert ◽  
Katrin Osterrieder
Keyword(s):  
Business Models ◽  
Insurance Industry ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Use Cases ◽  
Insurance Companies ◽  
Comprehensive Overview ◽  
Industry Studies ◽  
Digital Strategy ◽  
It Departments

Abstract The digital transformation is of increasing relevance for insurance companies’ business models. It leads to opportunities as well as challenges, especially for IT departments as core enablers or preventers. Against this background, the aim of this paper is to provide a comprehensive overview of digital technologies (e.g., artificial intelligence, cloud computing) and the resulting use cases for the insurance industry. To this end, we conduct a review of academic articles, industry studies and publications of the supervisory authorities. We point to the resulting requirements for an insurer’s IT and find many interdependencies between the digital technologies. Our results therefore emphasize the importance of a holistic digital strategy.

scholarly journals Knowledge creation in IT projects to accelerate digital innovation: two decade systematic literature review

F1000Research ◽  
2021 ◽  
Vol 10 ◽  
pp. 1040
Author(s):  
Tung Soon Seng ◽  
Magiswary Dorasamy ◽  
Ruzanna Razak ◽  
Maniam Kaliannan ◽  
Murali Sambasivan
Keyword(s):  
Information Technology ◽  
Literature Review ◽  
Social Science ◽  
Knowledge Creation ◽  
Digital Technologies ◽  
Research Community ◽  
Research Subject ◽  
It Projects ◽  
Digital Innovation ◽  
Online Databases

The interactivity and ubiquity of digital technologies are exerting a significant impact on the knowledge creation in information technology (KC-IT) projects. According to the literature, the critical relevance of KC-IT is highly associated with digital innovation (DI) for organisational success. However, DI is not yet a fully-fledged research subject but is an evolving corpus of theory and practise that draws from a variety of social science fields. Given the preceding setting, this study explores the interaction of KC-IT with DI. This work provides a systemic literature review (SLR) to examine the literature in KC-IT and its connection to DI. A SLR of 527 papers from 2001 to 2021 was performed across six online databases. The review encompasses quantitative and qualitative studies on KC-IT factors, processes and methods. Three major gaps were found in the SLR. Firstly, only 57 (0.23%) papers were found to examine the association between KC and IT projects. These works were analysed for theories, type of papers, KC-IT factors, processes and methods. Secondly, the convergence reviews indicate that scarce research has examined TMS and trust in KC-IT as factors. Thirdly, only 0.02% (5) core papers appeared in the search relevant to KC in IT projects to accelerate DI. The majority of the papers examined were not linked to DI. A significant gap also exists in these areas. These findings warrant the attention of the research community.

scholarly journals PROSPECTS FOR THE DEVELOPMENT OF THE LIVESTOCK INDUSTRY IN TERMS OF DIGITALIZATION

2021 ◽  
pp. 178-185
Author(s):  
Yuliya Synyavina ◽  
Tеtyana Butenko
Keyword(s):  
Information Technology ◽  
Production Efficiency ◽  
Digital Technologies ◽  
Animal Husbandry ◽  
Digital Transformation ◽  
Livestock Industry ◽  
Agricultural Enterprises ◽  
Current State ◽  
Modern Period ◽  
Information Materials

The article is devoted to unlocking the potential of digital technologies in agriculture, in particular in animal husbandry. Digital technologies in animal husbandry allow at the current level to collect and analyze information for production and management decisions aimed at improving production efficiency and profitability of the enterprise. The aim of the article is to study the current state of digitalization of livestock in Ukraine and determine the prospects for the introduction of digital technologies in the practice of agricultural enterprises. The subject of research is the processes of digital transformation of animal husbandry. On the basis of theoretical generalization, methods of analysis and synthesis the approaches of scientists to aspects of agricultural production in the conditions of digital transformation are investigated. Information materials were used in the research, including from the sites where the results of research and information on the digitization of the livestock industry are presented. The current state of the livestock industry is analyzed. The necessity of revival and ensuring sustainable development of the industry is proved. On the basis of the conducted analysis the estimation of application of digital technologies at the agricultural enterprises of branch of animal husbandry in the modern period is given. The need to increase the level of digitalization, using the latest advances in information technology. An assessment of the level of development of information technology used in different countries to ensure the digitalization of animal husbandry. Examples of introduction of digital technologies in large Ukrainian agricultural holdings are given. Based on the analysis, an assessment of the use of digital technologies in agricultural enterprises in the modern period is given. Factors that slow down the introduction of digital technologies have been identified. Promising digital solutions for the livestock business are considered. It is noted that digitalization should optimize and simplify many production processes, increase profitability and profitability of the business. Need a thorough analysis and in-depth research on the cost-effectiveness of the introduction of digitization tools in the livestock sector. Areas for further work to identify measures that could be taken into account in order to expand the introduction of digital technologies in agriculture, including farms.

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