The corona crisis as a catalyst for the digital transformation in the sanitary trade?

2020 ◽  
Vol 15 (4) ◽  
pp. 2-12
Author(s):  
Marcus Diedrich ◽  
Markus Peplinski
Keyword(s):  
Business Models ◽  
Industrial Revolution ◽  
Industrial Sector ◽  
Digital Transformation ◽  
Work Design ◽  
Fourth Industrial Revolution ◽  
Digital Infrastructure ◽  
The Future ◽  
Framework Conditions ◽  
Working World

The term Work 4.0 is connected with the discussion about the fourth industrial revolution, but focuses on modes of working conditions – not only in the industrial sector but also in the entire working world. The digital transformation is leading to profound changes in business models, organizations and work design. The working world of the future will be more digital, flexible and networked. The corona crisis has shifted the framework conditions with regard to communication both within the company and with customers. Many companies are becoming aware that too little money and time has been invested in digital infrastructure. The aim of this essay is to fnd out to what extent the corona crisis serves as a catalyst for the digital transformation in the specialist sanitary trade. The study carried out for this purpose leads to the result that the use of video conferences and home offces have increased and will also be used more frequently in the future. In contrast, the use of targeted multi-channel measures in the form of virtual showrooms is on the decline.

Digital Transformation and Industry 4.0

2021 ◽  
pp. 1-17
Author(s):  
Hanaa Abdulraheem Yamani ◽  
Waleed Tageldin Elsigini
Keyword(s):  
Customer Service ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Fourth Industrial Revolution ◽  
Industrial Companies ◽  
The Future ◽  
Information And Communication ◽  
Definition Of

The current era is witnessing many changes on various levels. The information and communication revolutions are considered one of the important changes which has cast a shadow over how different institutions in society work via the phenomenon of digitization. As some of the most important institutions of society, industrial companies have been responding to this phenomenon of digital transformation to improve products and customer service while achieving a significant profitable return. This response by these institutions to the digital transformation has resulted in the emergence of the so-called fourth industrial revolution. In this context, this chapter reviews the definition of digital transformation as well as its dimensions, benefits, and obstacles. It also comments on the future of digital transformation and its relationship with industry. Ultimately it presents the fourth industrial revolution in terms of its definition, history, criteria, benefits, and the challenges it faces moving into the future.

scholarly journals The analysis of the digital transformation trends in the Ukrainian economy

VUZF Review ◽  
2021 ◽  
Vol 6 (4) ◽  
pp. 136-144
Author(s):  
Hanna Snopenko ◽  
Olga Balueva ◽  
Olena Tanchyk
Keyword(s):  
Development Strategy ◽  
Business Models ◽  
Business Processes ◽  
Industrial Revolution ◽  
Digital Economy ◽  
Digital Transformation ◽  
New Production ◽  
Fourth Industrial Revolution ◽  
Digital World ◽  
The World

The consistent evolution of technology around the world creates new production tools and opportunities for different economic agents. As a result, new economic structures are emerging as a result of industrial revolutions. Today, the digital economy is seen as the backbone of the fourth industrial revolution, as there is a clear shift in the underlying technology and signs of a technological and economic paradigm shift. The current stage of the industrial revolution is associated with the Internet communication technologies development, which has significantly changed the technology of business processes and has been called "digitalisation". Thus, the fourth industrial revolution and the third wave of globalisation are based on the digital economy. The article explores trends in the development of the Ukrainian economy under the influence of ubiquitous digitalisation. Digital transformation changes traditional business models of organisations, allowing them to occupy profitable niches in global markets, raising the prestige of business and the state as a whole. In today's environment, the level of digitalisation illustrates the degree of companies' competitiveness and is a determining factor in development strategy. To analyse the processes of digitalisation and determine the place of Ukraine in the digital world, the article identifies and describes four zones of digital transformation, which are particular to the world economies. It is determined that Ukraine has fallen into a zone of prospective economies, where digital infrastructure is limited. Still, digital development is accelerating, indicating the potential for digitalisation to flourish, which will benefit economic recovery from the COVID-19 pandemic and long-term transformation. Ukraine's integral digital transformation index score is placed at 2.81 out of a possible 5 in 2021. It was determined that the main barriers to the digital transformation development in Ukrainian business include ineffective legislation, insufficient funding and low digital literacy of the population. However, the highest score among the index components was given to companies' overall level of digital transformation. A positive result of the survey is confirmation of increased investment in the digital technologies development in Ukraine: priority investments in this area include customer interaction, data analytics and HR management.

scholarly journals DIGITAL GLOBALIZATION IN THE ERA OF THE FOURTH INDUSTRIAL REVOLUTION: POTENTIAL FOR TRANSFORMATION

2021 ◽  
Author(s):  
Olena Dovgal ◽  
◽  
Georgiy Dovgal ◽  
Keyword(s):  
International Trade ◽  
Business Models ◽  
Industrial Revolution ◽  
Production Costs ◽  
Fourth Industrial Revolution ◽  
Digital Infrastructure ◽  
The World ◽  
New Business ◽  
The Impact ◽  
New Business Models

The article considers the potential for transformation of the world economy under the influence of digital globalization in the era of the fourth industrial revolution. It is substantiated that within the framework of digital globalization the paradigm of organization of production, configuration and content of international trade are changing. At the same time, the process of digitalization leads to qualitative changes in all spheres of production, economic and trade activities around the world. Formation of production technological processes using the Internet of Things, modules of artificial intelligence and 3D-printing allows to reduce production costs and increase the competitiveness of products. Attention is focused on the essence of the changes taking place, the directions of the vectors of economic development in the context of the changing digital space. Particular attention is paid to the functioning of new business models (in particular, digital platforms), the transformation of the structure, configuration, forms and methods of international trade, as well as the impact of ongoing processes on international competitiveness. An important place is given to the problems of e-commerce, the content of the processes taking place in this segment of international economic relations. Some approaches to solving the problems of digitalization at the international and national levels are proposed. In the global dimension, it is important to ensure, through the adoption of binding legal documents for WTO member states on the freedom of information exchange, aimed at stimulating innovative development, promoting the removal of barriers in the e-commerce segment, encouraging investment in digital infrastructure and human capital. . The development of the country's digital potential and digital infrastructure involves the implementation of localization measures, ie requires the creation of national platforms for the accumulation and storage of information. It is concluded that the global process of digitalization creates the potential for dynamic development of new business models, stimulates productivity and increases competitiveness.

scholarly journals A framework for digital transformation and business model innovation

2020 ◽  
Vol 25 (2) ◽  
pp. 111-132
Author(s):  
Chanté van Tonder ◽  
Chris Schachtebeck ◽  
Cecile Nieuwenhuizen ◽  
Bart Bossink
Keyword(s):  
Conceptual Framework ◽  
Business Model ◽  
Business Models ◽  
Industrial Revolution ◽  
Business Model Innovation ◽  
Digital Transformation ◽  
Bibliographic Databases ◽  
The Third ◽  
Fourth Industrial Revolution ◽  
Customer Centricity

With the advent of the Fourth Industrial Revolution, businesses are adapting to the use of digitalisation which requires the digital transformation of their existing business models. However, there is limited empirical research on this phenomenon. The purpose of this study is twofold: (i) to develop a framework for businesses to digitally transform their business models and (ii) to examine literature in order to identify and analyse the constructs underlying the three concepts of Digitalisation, Digital Transformation and Business Model Innovation. The study is qualitative in nature and is based on a narrative review. Relevant articles were identified by using international bibliographic databases and scrutinised using thematic analysis. The findings reveal that the first two constructs require digital capabilities and a digital strategy. The third construct requires digital transformation in the realm of customer-centricity, resources, processes and profit. A set of propositions was formulated and the commonalities were mapped. Based upon this map, a conceptual framework was developed. The findings will assist in the development of future instruments that can guide businesses to digitally transform existing business model elements. This study aims to fill the gap on how business model innovation should be pursued through digital transformation by developing a conceptual framework.

scholarly journals The Fourth Industrial Revolution and the Future of Engineering Education in South Africa

2020 ◽  
Vol 9 (7) ◽  
pp. 1116-1120
Keyword(s):  
South Africa ◽  
Business Models ◽  
Industrial Revolution ◽  
Local Development ◽  
Economic Policies ◽  
New Techniques ◽  
Development Models ◽  
Fourth Industrial Revolution ◽  
Agrarian Economy ◽  
The Future

The process of change from a crude, agrarian economy to one dominated by industry and heavy machineries has taken a new facelift in the fourth industrial era. This era has in it a fusion of technologies in the physical, digital and biological sphere which can have profound impact on all industries and cause a shift in the models of business globally. There is a shift in the order of events and the fourth industrial revolution has with it velocity and exponential rate, breadth, and depth of convergence and its attendant import on industries, firms, government and the society at large. This research was framed as a qualitative study and a theoretical approach was used in providing support for the major thematic areas in this research article. A review of relevant pieces of literature in line with the topic under consideration was done to address the topic critically. This study reveals that there is a need for change along engineering lines since the traditional development models that have contributed to growth in the past might not be appropriate to maintain growth in the future. Exposing the need to have new techniques and business models that will influence present and future processes, this study recommends a rapid adaptation to global breakthroughs by South Africa, in order to ensure that all stakeholders vital to the educational, political and economic policies in South Africa, synergize to have in place factors that will ensure rapid uptake and local development of this emerging innovations.

scholarly journals Required competencies for successful digital transformation

Ekonomika ◽  
2020 ◽  
Vol 66 (3) ◽  
pp. 47-54
Author(s):  
Vanja Erceg ◽  
Tihomir Zoranović
Keyword(s):  
Intellectual Capital ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Global Market ◽  
Digital Transformation ◽  
Business Culture ◽  
Fourth Industrial Revolution ◽  
Digital Strategy ◽  
The Internet Of Things

In the middle of the Fourth Industrial Revolution there is a digital transformation that will completely change our understanding of business. The development of Industry 4.0 with technologies such as Cloud computing, the Internet of Things, and artificial intelligence will significantly impact on current business models. In order to successfully implement the digital transformation and survive in the global market, companies must own adequate intellectual capital. Apart from technical skills, employees will need to adapt to the new digital strategy, organizational structure, and business culture. In response to this trend, there is a need to establish new professions in companies. The aim of this paper is to try to find the answers to the next questions: which professions are needed to be introduced to companies that are digitally transformed and what is their role, as well as what competencies are necessary for company executives to successfully slow down digital transformation.

Understanding the paradigm shift in maritime education

2020 ◽  
Vol 12 (1) ◽  
pp. 90-97 ◽  
Author(s):  
Erica Simmons ◽  
Grace McLean
Keyword(s):  
Industrial Revolution ◽  
Digital Transformation ◽  
Education Sector ◽  
Maritime Industry ◽  
Content Type ◽  
Maritime Education ◽  
Fourth Industrial Revolution ◽  
Starting Point ◽  
The World ◽  
The Future

Purpose The purpose of this paper is to examine the changes that will impact learners and learning in the Fourth Industrial Revolution and provide recommendations for transforming education to meet the needs of the maritime industry. Design/methodology/approach The paper reviews the definition of the Fourth Industrial Revolution and the changes that have occurred in industry as a result. It looks at key Fourth Industrial Revolution technologies and its impacts on the maritime industry. It then presents some strategies for how the maritime education sector can begin to address the paradigm shifts that will be needed to transform education so as to focus on the advantages that can be derived from the Fourth Industrial Revolution. Findings Rapid technological advances are transforming the process of education around the world and will continue to disrupt not only the education sector but entire industries – education being only one of them. The maritime sector has some specific technologies that will drive digital transformation of business models. Maritime educational institutions around the world will need to be prepared to respond rapidly to this paradigm change and provide the skilled labour the industry will require to remain competitive. Research limitations/implications While the technologies that are impacting the Fourth Industrial Revolution have clearly been identified, the education sector still needs practical applications and integration into curriculum and learning to truly embrace the opportunities for the development of workforce competencies in this new age. Practical implications The maritime education sector must now start implementing strategies to expose students to new Fourth Industrial Revolution technologies such as artificial intelligence, machine learning, robotics, blockchain and automation technology and how they are changing the future of work. A new shift in the conscious application of these game-changing technologies will be required, and examples of integration are discussed as a starting point for building a long-term plan. Social implications The development of the human capital needed in the Fourth Industrial Revolution must begin now, and it presents challenges to those in the maritime education sector. It, therefore, requires that a digital transformation strategy is in place to deliver the specialized skills and new knowledge workers will need in the future. Originality/value This paper discusses the disruption that the Fourth Industrial Revolution technologies will bring to maritime education. One of the findings demonstrates that it clear that it is no longer competitive to ignore the disruption that is happening, and action is needed now.

Desserts With Oasis—SkillGap Analysis Into Dubai’s Labour Intensive Market

2019 ◽  
Vol 118 (11) ◽  
pp. 533-541
Author(s):  
Dr. Premila Koppalakrishnan
Keyword(s):  
General Population ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Digital Revolution ◽  
Scholarly Community ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Basic Level ◽  
The Revolution

The world stands on the precarious edge of an innovative transformation that will on a very basic level modify the manner in which we live, work, and identify with each other. In its scale, degree, and unpredictability, the change will be not normal for anything mankind has encountered previously. We don't yet know exactly how it will unfurl, however one thing is clear: the reaction to it should be incorporated and exhaustive, including all partners of the worldwide nation, from the general population and private segments to the scholarly community and common society. It is The Fourth Industrial Revolution, the digital revolution. The digital revolution has opened way for many impacts. All of the emirates are experiencing the effects of the “Fourth Industrial Revolution.” This revolution reflects the velocity, scope, and systems impact of a digital transformation that is changing economies, jobs, and work as it is currently known. Characteristics of the revolution include a fusion of technologies across the physical, digital, and biological spheres.

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