Digital Transformation In Manufacturing: Drivers, Barriers, And Benefits

Сергеевна, Лола Инна; Bakeev, Murat

doi:10.2139/ssrn.3570342

Cited by 3 publications

(1 citation statement)

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“…Using the tools mentioned above, as well as the well-known classifications of banking innovations, modern banks implement various types of innovation strategy: process, technological; strategy of pursuit, double, subordination; hidden, leading, consolidated [18].…”

Section: Fig 2 List Of Areas Of Banking Innovationsmentioning

confidence: 99%

Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia

et al. 2021

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The institutional mechanism of the financial services market puts forward new requirements to the banking community, determining the need for innovations in products, technologies, services, and encouraging credit institutions to transform the declared strategy and implemented financial policy. In the present, the innovative factor is decisive in supporting the competitiveness of the bank, and the development of banking activities is determined by the degree of activity in promoting innovations. The article reveals the role, directions, tools of digitalization of the innovative development of a modern commercial bank, strengthening its competitive position.

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Section: Fig 2 List Of Areas Of Banking Innovationsmentioning

confidence: 99%

Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia

et al. 2021

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Digital economy in the Republic of Belarus: Current trends, challenges and prospects

Goloventchik

2022

Vestn. Ross. univ. družby nar., Ser. Èkon.

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In recent years, particular interest has been risen by digital economy as well as information and communication technologies which have given it unprecedented acceleration in the last decade. Among other things, this is due to the high export potential of the ICT sector. Currently Belarus is standing steadily in the global labour division among the countries which develop excellent software. The analysis of literary sources on the problems of the development of the Belarusian segment of digital economy confirms that, despite a certain clarification of this issue, a lot of points in this area require further research in accordance with the demands of the modern economy. The theoretical and practical significance of revealing the features of the development of the digital economy in the Republic of Belarus, as well as the incomplete study and incompleteness of a comprehensive analysis of its functioning and immediate prospects in modern international economic relations make the subject of the research topical. The article reveals the features of the functioning of digital economy in the Republic of Belarus, analyzes ICT services export volume dynamics, traces the history of the creation and evolution of the High Technology Park, reviews the results of monitoring separate industrial enterprises, and determines the immediate prospects for the development of the Belarusian digital economy. The methodological basis of the study is the use of general scientific approaches - systematic and integrated, analysis and synthesis methods, as well as comparative and economic-statistical analysis methods, the method of graphic images. The information base of the study consists of statistical materials of the National Statistical Committee and the National Bank of the Republic of Belarus as well as the High Technologies Park data.

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Specifics of business processes of petrochemical enterprises in the context of digitalization of the economy

Dolonina

Shinkevich

2021

Vestnik universiteta

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Digital transformation is more focused on the management aspects of digitalization. It is associated with a large-scale process of implementing digital technologies and corresponding organizational changes. The article reveals the features of designing business processes of petrochemical enterprises in the context of the transition to the digital economy and the introduction of new technologies in the production process. The paper identifies the main technologies of Industry 4.0 used in the chemical and petrochemical industries. The study analyses the key technologies and drivers of the development of traditional and digital production, as well as the barriers to their implementation. The author summarizes the key principles on which Industry 4.0 should be based in order to support effective decision-making in the industry. The paper notes that the design of business processes is determined by the production technology. In the direction of improving business processes, there is a need for wider use of decision support systems based on artificial intelligence and expert systems. The authors developed a model for the implementation of production processes that takes into account the design features of business processes of industrial enterprises in the conditions of digitalization of the economy. The distinctive feature of the presented model is the combination of the life cycle and the value stream with a structured approach to defining the components of Industry 4.0.

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Digital Transformation In Manufacturing: Drivers, Barriers, And Benefits

Cited by 3 publications

References 0 publications

Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia

Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia

Digital economy in the Republic of Belarus: Current trends, challenges and prospects

Specifics of business processes of petrochemical enterprises in the context of digitalization of the economy

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