Transformation Of Human Capital Research Articles

The Impact of Digitalization and Financial Technologies on the Transformation of Human Capital in the Banking Ecosystem

This article examines the changes in the banking ecosystem under the influence of digitalization and financial technologies (FinTech), with a particular focus on the transformation of human capital. Key technologies such as artificial intelligence, big data, and blockchain, which are reshaping workflows and require new competencies from employees, are discussed. The article analyzes strategic partnerships with FinTech companies, changes in the organizational culture of banks, and the need to develop IT skills and innovation management to enhance competitiveness. Special attention is given to Uzbekistan’s experience in integrating digital technologies and formulating a strategy for human capital development in the context of digital transformation.

Evolusi Kepemimpinan Digital: Transformasi Modal Manusia dalam Era Artificial Intelligence

The technological revolution accelerated by Artificial Intelligence (AI) has fundamentally changed the paradigm of leadership and human resource management. Digital leadership is now an essential competency for organizations that want to survive and thrive in the face of the challenges of the technological disruption era. This research aims to understand the role of digital leadership in the human capital transformation process, especially in the context of AI adoption by modern organizations.The post-qualitative approach allows research to capture the evolving and diverse dynamics in a digitized organizational environment. It is more open to different forms of data, both structured and unstructured, and recognizes the complexity and ambiguity in digital leadership practices. This research utilizes open-ended interviews and participatory observation, facilitated by interpretive narrative to understand the process of human capital transformation. The main results of the study show that digital leadership plays a key role in facilitating human capital transformation, with an emphasis on adaptive skills development, data-driven decision-making and closer collaboration between people and technology. This transformation is not only technical in nature but also involves changes in organizational culture and structure. This research makes an important contribution by offering a new perspective in leadership studies through a post-qualitative approach.

Transformation of human capital of scientists-women in the Era of COVID-19 and digitalization

The paper reflects an analysis examining the human capital transformation among female scientists in STEM and NON-STEM sectors in the era of COVID-19 and digitalisation focusing on young scientists in Ukraine. The human capital of these young female scientists is categorised into three groups within Ukrainian science: Doctor of Sciences, PhD and scientists without a scientific degree. The research methodology includes the method of analysis and synthesis for the theoretical and statistical analysis of the sociological survey for the results. The main issues regarding the realisation of the potential of young female scientists in the era of COVID-19 and digitalisation are defined. Innovativeness is proven to be the key indicator in the context of digitalisation. The main limitation of the research is the COVID-19 restrictions present at the time of conducting the sociological survey.

Transformation of Human Capital as a Driver of Innovative Economy

The purpose of this study was to identify key factors that have a significant impact on the level of high-tech production in the region and the development of human capital in seven countries of the Caucasus and Central Asia. A comprehensive literature analysis was carried out to achieve this goal, including data from several countries of the Caucasus and Central Asia, including demographic data, education levels, labor market indicators, health indicators, and research activities. The authors constructed a model of multiple spatial regression, including seven spatial objects and a 5-time series. A qualitative model of cumulative panel regression without signs of multicollinearity was obtained as a result of the step-by-step elimination of collinear and nonessential variables. The results of the study revealed three key factors that are closely and directly related to the level of production of high-tech products. Two relate to the education sector – "the number of university graduates in the field of science and technology", and "the number of researchers per 1 million inhabitants" and one indicator characterizes the labor market – "the employment level in the economy". The authors did not identify a close relationship between the level of high-tech production and economic factors, such as cost and productivity, which contradicts the results of other research and requires more careful study. The results of the research can be useful in the development of measures to promote human capital and innovation policy of the countries of the Caucasus and Central Asia.
 
 Received: 7 September 2023 / Accepted: 19 October 2023 / Published: 5 November 2023

Program Management Within Digital Transformation: The Emerging Importance Of Technology Architecture, Product Management, and Human Capital Transformation

Organizations invest in digital transformation (DT) programs to digitize, digitalize, and integrate products, processes, services, and data. This research explores the management disciplines, both accepted and emerging, underlying program management in the context of DT. Case analyses from two DT programs explore program management elements. Findings suggest strong support for the existing program disciplines of governance, benefits management, and change management. Three disciplinary elements also emerged—aligning multiple digital architectures, developing product management capabilities, and transforming human capital in low-code environments. Research into DT programs has much to contribute to our understanding of program management and successful DT initiatives.

Disabled Entrepreneurship: Human Capital Transformation in the Context of Bangladesh

Disability directs the life of the sufferers to go through pitiful situation in every sphere of their lives. However, if proper supports could be made available for them, they can become successful in life and contribute to the overall economy of the country. From this viewpoint, this study has been prepared focusing on three objectives such as determining the status of the disabled entrepreneurs, identifying and evaluating factors that act as the success factors for them and proposing some policy implications for improving their situation. The study has followed mixed research methods for analyzing the survey results. Data collection has been done using in depth interview, focus group discussion and questionnaire survey. The study has showed the transformation of the disabled people into human capital for the country through identifying four success factor including personal factors, job factors, motivational factors and environmental factors that help them to get success. The study suggests some policies that can be implemented to improve the entrepreneurial performances of the disabled community. These policies will instigate the human capital transformation of the disabled people and will contribute to the inclusive development of Bangladesh economy.

ЦИФРОВІЗАЦІЯ РОЗВИТКУ ЛЮДСЬКОГО КАПІТАЛУ

The article analyses the processes of digitalization of the economy and information space as crucial factors of economic growth in a modern convergent society. Attention is paid to issues related to the quality of human capital development. The aim of the research is to analyze the development of human capital in the conditions of digitalization, the prospects for further deepening of digital transformations at enterprises, and the assessment of the readiness of the legislative framework and legal regulators in this area. Foreign and domestic studies of digitization with an emphasis on human capital are analyzed. It has been studied that the center of all changes in the information society is the process of human capital transformation. The significance of the role and development of human capital in the process of digitalization is proved by a great number of scientific research and specific surveys of different organizations and business structures. The opinion in our analytical research was formed that the formation of the human capital of enterprises may be a key factor of economic development because human resources play an important role in informatization, digitalization, and virtualization not only in the sphere of economics but also in other spheres. Implementing information technologies in the sphere of production, services, and trade is the basis for creating corporate networks and implementing data analysis with the help of artificial intelligence. Increasing the level of digitization of human capital can be developed by Ukrainian business entities at the level of highly developed countries of the world. According to the analysis, this condition can be reached with the implementation of governmental regulations on the macro level of the economics and then building the strategy for the digitalization of Ukrainian enterprises. It is noted that for the complex digitalization of the economics, there is also a need in changing the education system, including adaptation to global challenges, creation of new flexible specialties, and improving the requalification strategy of human resources.

Transformation of human capital in the context of a new technological order

Introduction. Digital technologies are increasingly spreading in agriculture, involving an growing number of production operations in transformational processes and significantly modifying them. This has a positive effect on the quality of products and leads to an increase in labor productivity. There is a growing demand for workers who not only have the competencies in the field of agricultural production, but also the knowledge necessary to work with digital devices and robotic systems. This, in turn, creates an urgent need for the formation and constant updating of these competencies among existing and potential industry employees.Purpose setting. In the context of the transition of the agricultural industry to digital-based production, the workforce must be characterized by mobility, flexibility and digital competence. There is a need for agricultural production to train workers with digital competencies. There is a necessity for rapid management decision-making by the heads of agricultural organizations. To date, the factor of production of information quite strongly affects the process of distribution, exchange and consumption of goods. The development of theoretical and methodological approaches and practical recommendations for the formation and development of human capital of the agrarian sphere in the context of digitalization of the economy is relevant and requires further in-depth research.Methods and methodology of the study. Depending on the tasks to be solved, research methods are used: monographic, graphic, abstract-logical, bibliographic. Results. The main stages of the formation of theoretical concepts of human capital are highlighted: the emergence of a scientific formulation of the definition of «human capital» in a narrower sense, from the point of view of knowledge, skills and abilities of a person; the structure of human capital is studied, are highlighted its components: investments in healthcare, culture, as well as vocational training and retraining of people; the allocation of human capital as a fundamental factor of production; quantitative and qualitative methods for measuring human capital at the micro and macro levels have been developed. The principles are proposed, the implementation of which will contribute to the formation and development of human capital in the context of the transition to agriculture based on the use of digital technologies.Conclusion. Humanity will increasingly be connected with digital technologies in all spheres of life. In the labor market, there will be a demand for workers with completely new competencies, and therefore only those employees whose competencies are focused on the intensive introduction and use of digital platforms and specialized equipment in agriculture will be able to solve the problems of digitalization.

HUMAN CAPITAL TRANSFORMATION AND BUSINESS POTENTIAL UTILIZATION FACTORS IN THE AUTONOMOUS REPUBLIC OF ADJARA

იამზე სურმანიძე 
 ბათუმის შოთა რუსთაველის სახელმწიფო უნივერსიტეტი
 საქართველო
 
 სტატიის მიზანია აჭარის ავტონომიურ რესპუბლიკაში ადამიანისეული კაპი­ტა­ლის განვითარების პოტენციალის და მათი ეკონომიკური აქტივობის დონის შეფასება. სტა­ტიაში ჩამოყალიბებულია რეგიონში ადამიანისეული კაპიტალის ფორმირების თა­ვი­სებურებები, მისი განვითარების აუცილებლობა ბიზნესის პოტენციალის გამოყენების ფა­ქ­ტორებთან ერთად რეგიონის მდგრადი სოციალურ-ეკონომიკური განვითა­რე­ბის­ათ­ვის. 
 სტატიაში გამოკვეთილია ის საშიშროებები და საფრთხეები, რაც ემუქრება ადა­მია­ნი­სეული კაპიტალის და მცირე და საშუალო ბიზნესის სამომავლო განვითარებას აჭა­რა­ში, აღნიშნულია ადეკვატური ღონისძიებების განხორციელების აუცილებლობა. საბო­ლო­ოდ დადგინდა, რომ კონკურენტუნარიანი ადამიანისეული კაპიტალის ფორმირების და ეფექტური გამოყენების სწორი პოლიტიკა, ინოვაციური მეწარმეობის ხელშეწყობა, ად­გილობრივი რესურსული პოტენციალის ოპტიმალური გამოყენების და წარმოების მას­ტიმულირებელი პოლიტიკის განხორციელება არის რეგიონის განვითარების უმნ­იშვ­ნელოვანესი სტრატეგია.
 საკვანძო სიტყვები: ადამიანისეული კაპიტალი, რეგიონული ბიზნესი, ინო­ვა­ცი­უ­რი მეწარმეობა, ბიზნესის პოტენციალი, დემოგრაფიული რესურსი.

Intellectual capital and distance education: the experience of the open university of brazil in the municipality of Camaçari, Bahia

The main objective of this research is to evaluate the influence of intelectual human capital transformation, from the student´s perception, through the Open University of Brazil’s distance education in the municipality of Camaçari, which is an industrial hub in the metropolitan area of Salvador, Bahia. At this rate, education and development are closely connected, pondering previous studies where this approach is present. Meanwhile, distance education (DE) streamlines through its capillarity in several regions altering the perception and the way of transmitting knowledge. Additionaly, it enables significant changes if we relate the human capital and the field of study, considering cultural, ethical and social aspects. From a methodological point of view, descriptive research has been chosen, using qualitative inquiry. In relation to the methodological process, the Survey method research has been used. This study is justified due to the dimension in which the distance education has been widespread in Brazil and worldwide. As it is a regulated model by the superior instances of education in Brazil, and thus a more detailed one, it deserves more emphasis, once it often approaches DE, human capital and the region where it lies in. Following this understanding, studying the activities of the Open University of Brazil (OUB) in Camaçari, contributes to the perception of changes in the logic of education offer in the distance model, deployment in culture in a general scope and the perception of social freedoms in the object region of study. Hence, it is evident that the DE conducted by OUB in Camaçari gives rise to conditions for training and improving human capital taking into account its urban and social infrastructure, among other factors that combined, foster fertile ground to mitigate the social asymmetries while expanding individual freedoms and the progress of the region.

Empirical analysis of the relationship between the corporate innovation activity and investments in the human capital transformation

Empirical analysis of the relationship between the corporate innovation activity and investments in the human capital transformation

INDUSTRY 4.0: CHALLENGES, OPPORTUNITIES, AND STRATEGIC SOLUTIONS FOR BANGLADESH

In the recent decade, the term Industry 4.0 or Fourth Industrial Revolution is a common buzzword represents the adoption of disruptive digital technologies (Internet of things, Big Data, 3D printing, Cloud computing, Autonomous robots, Virtual reality, Augmented reality, Self-driving car, Cyber-physical system, Artificial intelligence, Smart sensors, Nanotechnology, Drones, and Biotechnology, etc.) in the production process which is transforming the manufacturing units into smart factories and experiencing a great change in the global value chain. Moreover, these revolutionary digital technologies have a profound impact on the economy, growth, globalization, governments, international trade, global supply chain, and human capital transformation, etc. The present review study aims to explore the impact, challenges, and opportunities of the fourth industrial revolution based on empirical findings specially and extensively in the context of Bangladesh. The study finds regardless of having enormous potentiality, the application of the fourth industrial revolution is far lagging for some challenges i.e. lack awareness, insufficient capital, lack of infrastructure, lack of skilled human capital, and some socio-economic challenges. This review paper will also develop conceptual links with the relevant aspect of strategic planning and application of key industry 4.0 technologies and help to formulate future policy guidelines regarding opportunities, application, and strategic decision making for the fourth industrial revolution in Bangladesh.

The Impact of Digitalization on the Transformation of Human Capital during the Development of Industry 4.0

The Impact of Digitalization on the Transformation of Human Capital during the Development of Industry 4.0

Knowledge management, intellectual capital and entrepreneurship: a structured literature review

Knowledge management, intellectual capital and entrepreneurship: a structured literature review

ФОРМИРОВАНИЕ ЧЕЛОВЕЧЕСКОГО КАПИТАЛА В ПАРАДИГМЕ ЦИФРОВОЙ ТРАНСФОРМАЦИИ

The article highlights the problems of the impact of "digitalization" of society on the formation and transformation of human capital, and above all, the development of new competencies, knowledge and skills. The main components of human capital in the modern era, the features of the formal and informal educational process are clarified and disclosed. The necessity of minimizing the precariat class is proved. The main directions of qualitative improvement of human capital adequate to the challenges of the digital age and globalization are defined.

Conceptual scheme of the analytical system of migration management based on the interests of the key territorial stakeholders

Development of the national economy is determined by the dynamics of socio-economic processes in its regions. At the same time, a high level of territorial differentiation by a significant number of parameters can lead to increased social unrest, exacerbation of contradictions between the center and regions, the city and the rural periphery, and population conurbation in large cities. One of the key factors in the country development is human capital, in particular, its territorial distribution. The current trends of population resettlement in unregulated migration conditions determine the feasibility of implementing measures to manage migration processes in the framework of migration and economic state policy. In our opinion, migration is presented not only as a social process, but also more as an economic process because of the movement of labor resources, their professional knowledge and skills, consumers, financial resources of the population and other economic components. In this context, management involves creating the conditions for attracting the population in the territory that experiences a deficit of labor and other resources. In this regard, there is a need for systematization and generalization of knowledge about the mutual influence of migration and economic development and the formulation of a generalizing concept. Within the framework of this concept, migration management will allow taking into account the interests of all the interested parties — an individual, businesses, localities, (city, village, and region), and the macro-system (country, global territory). Effective tools for managing the territorial system and, in particular, migration processes today should include modern information analysis systems and methods based on simulation modeling among others. In this aspect, the patterns of migration, their impact on the economy, as well as the population, its types and structure, demographic behavior are considered in the studies of both Russian and Western economists. In particular, the authors study it in the framework of developing an impact model of the human capital transformation on the spatial and economic development of the territorial systems, involving the creation of appropriate model tools. An important structural element of this toolkit is the control unit for migration processes because of realization of stakeholder’s interests of the territory. The proposed conceptual approach to the development of migration management information system will provide information support in the development of practical measures in the implementation of migration and demographic policy at the regional level.

ТРАНСФОРМАЦІЯ ЛЮДСЬКОГО КАПІТАЛУ В УМОВАХ ЦИФРОВОЇ ЕКОНОМІКИ

У зв’язку з поширенням цифрових технологій основними вимогами до сучасного суспільства є зміна характеру праці, зокрема підвищення ролі інтелектуальної творчої праці, зміна характеру зайнятості, підвищення загальних вимог до рівня освіти та професійної кваліфікації. Досвід розвинених країн світу показує, що в умовах цифровізації економіки найвище ціняться знання, інформація та творчість, а також уміння їх своєчасно обробити, подати та використати. Цифрові технології трансформують людський капітал, висуваючи нові вимоги до освіти. У зв’язку з цим постає потребу у реформуванні системи підготовки, перепідготовки та підвищення кваліфікації кадрів, а також сприянні розвитку креативних здібностей людського капіталу відповідно до потреб цифрової економіки.

Management problems in the context of conceptual transformation of human capital

The article discusses the features of the transformation of the concept of human capital in the context of modern ideas about the development of socio-economic relations. The attention is paid to significant changes in the nature of human capital, which are influenced its further intellectualization and creativity. It also analyses the problems of human capital from the position of further perspective of alienation overcoming what at one time wrote Marx. It analyses the social ideas of Toffler in the context of opposition of three waves of civilization in modern Ukraine. Results of the study of the essence of human capital give reason to believe: the role of managing the process of its development is important.

The Human Capital: Transformations in the Mental Space

The paper investigates self-developing “human-dimensional” systems in the modern economic paradigm in a multidimensional space. The mental space, in the authors’ concept, is a part of the stratified space in which the process of forming a system of values, goals and motivations occurs. Five types of the value-orientated personal development concept evolution were identified. Transformation of the human capital in the material space appears as a change of demographic variables and of the qualitative structure of the population. On the basis of the multivariate statistical analysis of motives of the Russian human capital quantitative component change, three types of mentality were identified: socio-natural person, person-worker and economic person. The results of the analysis indicate the stability of mentality types from 2005 to 2012. These types serve as the units of the mental space analysis. Directions of human capital transformation were identified in the mental space, such as strengthening of the mentality type manifestations and of the person-worker orientation on innovative values, as well as leaching of social security motives from the socio-natural human mentality.

VAIC™ Method – Identifying Links Between Human Capital Investment and the Efficiency of Creating Added Value by Enterprise Assets

This paper explores the connection between investments in human capital (trainings and inservice courses) and efficiency in creating added value by tangible and intangible assets of enterprise conditioned by resource leverage (transformation of human capital in structural one). Implementing the research objectives, the Value Added Intellectual Coefficient (VAICTM) was used, the comparative analysis of indicators and indices was made (188 business entities traded on the Warsaw Stock Exchange) and in enterprises selected due to investment intensity in development of human capital. The method of comparative analysis was used. The research was carried between 1998 and 2003. This measuring model would be also useful to estimating efficiency of added value by tangible and intangible assets in Ukrainian enterprises.