scholarly journals Accelerated Process of Digital Transformation - The Impact and Consequences of Covid-19

2021 ◽  
Vol 22 (2) ◽  
Author(s):  
Mihajlo Travar ◽  
Igor Dugonjić ◽  
Saša Ristić
Keyword(s):  
Business Processes ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Remote Work ◽  
Public And Private ◽  
Value Innovation ◽  
Daily Work ◽  
Economic Progress ◽  
The World ◽  
The Impact

Due to the current pandemic caused by the COVID-19 virus, the world is changing rapidly along with digital technologies that transform every aspect of life, society and the economy. To prevent a complete collapse and suspension of all business processes, companies were forced to organize remote work, i.e. workers perform their daily work activities from their homes. The situation in which the world is currently in clearly indicates that digital transformation is something that should be a priority. Digital transformation is changing the way of doing and developing the business, new opportunities for economic progress in the public and private sectors. It allows companies to survive and focus on innovation, increasing their competitiveness. We can say with certainty that digital transformation means much more than complete integration of digital technologies. It also means digitalization and business processes and models automation, marketing, sales, digital purchase, Big Data, and related processes, and is based on five different areas, which include customers, competition, value, innovation and data.

Risks of the Digitalization of Life of the Population and Ways of Decreasing Them

2021 ◽  
Vol 13 (4-1) ◽  
pp. 180-203
Author(s):  
Elena Stukalenko ◽  
Keyword(s):  
Quality Of Life ◽  
Digital Technologies ◽  
Well Being ◽  
Digital Economy ◽  
Digital Transformation ◽  
Negative Consequences ◽  
Short Period ◽  
The World ◽  
The Impact

Digital technologies, ubiquitous in our daily life, have radically changed the way we work, communicate, and consume in a short period of time. They affect all components of quality of life: well-being, work, health, education, social connections, environmental quality, the ability to participate and govern civil society, and so on. Digital transformation creates both opportunities and serious risks to the well-being of people. Researchers and statistical agencies around the world are facing a major challenge to develop new tools to analyze the impact of digital transformation on the well-being of the population. The risks are very diverse in nature and it is very difficult to identify the key factor. All researchers conclude that secure digital technologies significantly improve the lives of those who have the skills to use them and pose a serious risk of inequality for society, as they introduce a digital divide between those who have the skills to use them and those who do not. In the article, the author examines the risks created by digital technologies for some components of the quality of life (digital component of the quality of life), which are six main components: the digital quality of the population, providing the population with digital benefits, the labor market in the digital economy, the impact of digitalization on the social sphere, state electronic services for the population and the security of information activities. The study was carried out on the basis of the available statistical base and the results of research by scientists from different countries of the world. The risks of the digital economy cannot be ignored when pursuing state social policy. Attention is paid to government regulation aimed at reducing the negative consequences of digitalization through the prism of national, federal projects and other events.

scholarly journals Skilling digital technologies in the labour sphere: experience of empirical research in Minsk and Saint Petersburg

2021 ◽  
pp. 84-92
Author(s):  
Larissa G. Titarenko ◽  
Ruben V. Karapetyan
Keyword(s):  
Information And Communication Technologies ◽  
Large City ◽  
Digital Transformation ◽  
Remote Work ◽  
Saint Petersburg ◽  
The World ◽  
Information And Communication ◽  
Digital Knowledge ◽  
The Impact ◽  
Urban Professionals

Article is written on the basis of an analysis of empirical data obtained in 2021 from sociological studies conducted in Saint Petersburg and Minsk – cities with a population of one million, which served as the object of research of the current digital transformation. A feature of both samples was the large percentage of people with higher education among the employed population. In fact, we studied a group of urban professionals. The authors identify trends in the world of work that detail digital transformation processes. The purpose of the article is to describe the trends in the digitalisation process in the world of work in a large city and to reveal how relevant these trends are for the Belarusian and Russian professionals. The authors show the level of digital acquisition of the employed urban population today, as well as the impact on this process of the previous year associated with the pandemic and the inevitable transition of a part of the employed population to remote work. The article presents the factors that determine the labour motivation of urban professionals of different levels in their mastering of information and communication technologies, reveals the development trends of labour digitalisation processes and their impact on certain groups of professionals employed in both production and non-production spheres. It is concluded that the motivation of the employed population to master new digital knowledge directly depends on how much a person needs it in the workplace, contributes to his career advancement or helps to keep the workplace.

scholarly journals FEATURES OF ENSURING ECONOMIC SECURITY OF ENTREPRENEURIAL ACTIVITY IN THE EPOCH OF DIGITAL TECHNOLOGIES

2020 ◽  
pp. 53-59
Author(s):  
O. V. Korotkova
Keyword(s):  
Communication Systems ◽  
Business Processes ◽  
Digital Technologies ◽  
Economic Security ◽  
Digital Transformation ◽  
Entrepreneurial Activity ◽  
Information And Communication ◽  
The Impact ◽  
Functional Components ◽  
Transformation Processes

The article is devoted to the study of theoretical and applied aspects of the impact of digital technology on business and the process of ensuring the economic security of enterprises. It is shown that a significant aspect of maintaining an enterprise in a state of economic security is the ability to adapt to the changing external environment in which the enterprise operates. The paper considers the main functional components of the economic security of enterprises. The features of the influence of digital technologies on the effectiveness of individual functional components of economic security are investigated. The list of objects of digital transformation processes for enterprises is determined in order to ensure economic security. Digital transformation objects are grouped into three blocks: the infrastructure for ensuring economic security using digital technologies, information and communication systems, business processes and management systems. The features of economic security of entrepreneurial activity and the main factors of the introduction of digital technologies in enterprises are highlighted. The author formulated the main tasks of the economic security system of an enterprise in the context of digital transformations. The basic requirements for creating the appropriate conditions for ensuring transformational information and technological processes are determined.

Digital Transformation in the Event Industry

2021 ◽  
Author(s):  
Ioannis Karamitsos ◽  
Mohamed Salama
Keyword(s):  
Business Processes ◽  
Digital Technologies ◽  
Organisational Culture ◽  
Digital Transformation ◽  
Event Management ◽  
Digital Era ◽  
Use Of Technology ◽  
The World ◽  
The Internet Of Things ◽  
Corporate Information

Digital transformation (DT) is becoming an important topic for organisations and industries around the world (Kaufman & Horton, 2015; Von Leipzig et al., 2017). It is anticipated that some organisations will be unable to adapt easily to the new digital era, and executives are struggling to understand how digital transformation affects their organisations. Digital transformation is not only about investing in digital technology but refers to how organisations restructure themselves to adapt and shift organisational culture to enable developments that exploit technology and bring their businesses to new growth rates. Digital transformation has also appeared in the event industry, presenting digital solutions to optimise the event management process. The basic idea of the digital transformation comes from the blending of personal and corporate information environments and integrates the transformative effect of new digital technologies such as social, mobile, analytics, cloud and the Internet of Things (Kane et al., 2015.). A broad definition describes it as the integration of digital technologies and business processes into a digital economy (Liu et al., 2011). A similarly broad view holds that the use of technology can radically improve a business’s performance or impact (Westerman et al., 2014a).

IMPACT OF DIGITAL TRANSFORMATION ON STRATEGIC RENEWAL OF COMPANIES

2021 ◽  
Vol 3 (9) ◽  
pp. 82-86
Author(s):  
S. M. MOLCHANOVA ◽  
Keyword(s):  
Business Strategy ◽  
Business Processes ◽  
Production Systems ◽  
National Policy ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Technological Innovations ◽  
Strategic Renewal ◽  
Modern Development ◽  
The Impact

The article examines the impact of digital transformation on the strategic renewal of companies. Problems in the diffusion of technological innovations caused by the lack of a coordinated national policy in the field of Industry 4.0 are identified. The influence of the modern development of digital technologies on modeling in the design and operation of production systems, the sustainability and flexibility of the supply chain and the automation of existing activities and business processes is emphasized. Realizing the potential of digital trans-formation is associated with a change in innovation ecosystems, redesign of the management structure, trans-formation of business strategy and changes associated with the acceleration of technological cycles, the fu-sion of science and artificial intelligence.

scholarly journals Remote work : the necessity of today

2021 ◽  
Author(s):  
Inese Abolina ◽  
◽  
Andzela Veselova ◽  
Keyword(s):  
Work Organization ◽  
Secondary Data ◽  
Professional Lives ◽  
Remote Work ◽  
Public And Private ◽  
Global Pandemic ◽  
The World ◽  
Private Sector Organizations ◽  
Public And Private Sector ◽  
The Impact

Global pandemic COVID-19 has increased the level of digitalization which allows public and private sector organizations in the world to employ people remotely outside office premises and crossing borders of the world. Remote work is one of the new employment forms caused by the impact of digitalization, which keeps conquering and strengthening the positions on our daily professional lives. It means extended use of different new employment forms, including the digital transition of administration processes and business management, improvement of digital skills and competences, contributing to development of areas of services and products with higher benefit (Breaugh, Farabee, 2012). Research aims to study basic principles and tendencies of remote work organization based on theoretical aspects, draw conclusions and elaborate proposals for improvement of remote work. In order to achieve the goal, the tasks are as follows: 1) provide the explanation of remote work organization; 2) describe secondary data from a conducted survey by Milasi, S., Fernandez – Macias, E., Gonzalez-Vazquez, I. 2020, European Commission; 3) conduct survey about remote work

World fintech: main trends

2021 ◽  
pp. 14-26
Author(s):  
Yuliya Viktorovna Evdokimova ◽  
Olga Vladimirovna Shinkareva
Keyword(s):  
Mergers And Acquisitions ◽  
Banking Industry ◽  
Digital Technologies ◽  
Digital Transformation ◽  
The World ◽  
The Subject ◽  
Coronavirus Infection ◽  
Basic Characteristics ◽  
The Impact ◽  
New Criteria

Recently, digital technologies in the fi nancial sector have been actively developing. The pandemic of a new coronavirus infection COVID-19 only spurred this process. The result of these events was the structural transformation of the global fi nancial services market, which is the object of this study. The subject of the study is the processes taking place in this market as a result of its digital transformation and the development of fi nancial technologies. Analysis, synthesis, induction, deduction were used as research methods. The multidisciplinary nature of the study should be noted due to the interconnection of sectors such as information technology, fi nancial technology, economic aspects. The study examines the basic characteristics of fi ntech solutions introduced into the practice of the world business, an ecosystem of fi nancial services, reveals the features of such models of the development of fi nancial innovations as USChinese, European and Russian. The impact of the pandemic of a new coronavirus infection of COVID-19 on the fi nancial services market was analyzed, it was noted that fi nancial and technological leaders of this sector of the economy can benefi t from the current situation. New criteria for the optimality of fi nancial services are highlighted, in particular, international nature, round-the-clock access, instant conversion with minimal costs and the presence of both fi at money and cryptocurrency. The volume of the global fi ntech market was analyzed, as well as forecasts regarding its development in the future, the volume of global investments in fi ntech in the fi eld of mergers and acquisitions was considered. The main directions of the fi ntech segment development according to the results of the 2019 study were considered and the countries in which this segment is developing most actively were highlighted. The evolution of traditional banks and revealed fi ntech trends in the banking industry in 2020.

scholarly journals Modern imperatives of system-innovative approach to the solution of organizational and management tasks of digitalization of business processes

2020 ◽  
Vol 18 (4) ◽  
pp. 601-605
Author(s):  
Irina Somina ◽  
Yury Doroshenko ◽  
Olga Nikulina
Keyword(s):  
Large Scale ◽  
Business Processes ◽  
Systems Approach ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Optimal Combination ◽  
Innovative Approach ◽  
Economic Systems ◽  
World Community ◽  
The World

This article substantiates the feasibility of applying systematic, integrated, factorial and process approaches to solving relevant organizational and managerial tasks of digitalization aimed at improving the efficiency of innovation and the competitiveness of economic systems. Substantial foundations of the implementation of a systems approach in the field of digital transformation of business processes were revealed. The advantages of digitalization were presented, possible basic problems associated with its implementation were systematized, and factors that have a significant impact on their solutions were analyzed. It is obvious that the exciting new possibilities of digital technologies are open to the world community and the urgent need for their large-scale implementation manifested itself, but taking into account the optimal combination of various factors that have a significant impact on the development of socio-economic systems.

scholarly journals THE IMPACT OF DIGITALIZATION ON THE EFFICIENCY OF THE SALES CYCLE

2021 ◽  
Vol 9 (7) ◽  
pp. 204-206
Author(s):  
D. M. Kongo
Keyword(s):  
Business Processes ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Scientific Article ◽  
Construction Sector ◽  
Construction Company ◽  
Russian Economy ◽  
The Impact ◽  
Research Analysis

The scientific article is devoted to the research analysis of promising directions for improving the work of the sales department of a construction company through the digital transformation of business processes and the implementation of ready-made IT solutions. The relevance of the study is due to the digital transformation of the construction sector of the Russian economy, which is why an increasing number of competing organizations are introducing the latest technologies in managing the efficiency of their sales. Within the framework of the article, the characteristics of the directions of digitalization of the company's commercial sales cycle are considered. The advantages and efficiency, which is formed through the use of digital technologies and ready-made IT solutions, are analyzed.

scholarly journals Digital economy. IT strategy of the company development

2018 ◽  
Vol 170 ◽  
pp. 01034 ◽  
Author(s):  
Alexandra D. Borremans ◽  
Irina M. Zaychenko ◽  
Oksana Yu. Iliashenko
Keyword(s):  
Economic Development ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Transformation ◽  
It Strategy ◽  
Strategy Formation ◽  
Social And Economic Development ◽  
Socio Economic Development ◽  
The Russian Federation ◽  
The Impact

The article describes the impact of digital technologies on the level of social and economic development of the society, provides a rating of the largest IT companies in terms of the volume of business capitalization. The necessity of digital transformation of the management of the socio-economic development of society and organizations is substantiated. The problems of transition to a digital basis for managing the economy in the Russian Federation are revealed. The model of IT strategy formation for digital transformation of business processes at the enterprise is formed. As a tool for selecting the most preferred IT strategy of an enterprise in any industry, a matrix of possibilities for implementing an IT strategy for the enterprise is proposed.

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