Trends In Digital Transformation Research Articles

Digital Transformation in Vietnam - Trends and Solutions in the Coming Time

Vietnam is a developing country but has a relatively high growth rate of the Digital Economy and digital transformation. Digital transformation helps businesses cut costs, optimize performance and labor productivity, in addition, this activity also promotes innovation, thinking, and creating new values. For that reason, digital transformation is the key for Vietnam to make changes and develop rapidly economically, realizing its strong aspirations. Therefore, identifying digital transformation trends is always an important in Vietnam and urgent issues for both the Government and businesses in Vietnam. The article has identified the main trends of digital transformation and recommended some solution implications for the Government and businesses to make the best use of these trends to achieve economic development goals and the society of the nation.

СОВРЕМЕННЫЕ ВЫЗОВЫ ЦИФРОВОЙ ТРАНСФОРМАЦИИ СТРОИТЕЛЬНОЙ СФЕРЫ

The impact of digitalization and digital transformation of the construction sector on the country's economy can hardly be overestimated, as it stimulates economic growth, improves production efficiency, increases labor productivity and reduces costs, and enables market players to form a competitive advantage. In 2024, the Russian construction sector is transitioning to the mandatory use of information modeling technologies, which indicates the progressive integration of digital technologies in construction. The purpose of this article is to identify the challenges and trends of digital transformation of the construction industry in 2024, formed by the conditions of the current turbulent economic situation in Russia. The article analyzes domestic and foreign scientific publications in the field of digitalization of construction, as well as current statistical and analytical data.

Современные тенденции цифровой трансформации в государственном управлении Республики Казахстан

В данной статье рассматривается уровень внедрения инновационных управленческих технологий в сфере государственного управления Республики Казахстан, по средствам применения цифровизации, а также проектного подхода в систему государственной службы Республики Казахстан. Изучены и рассмотрены основные нормативные правовые акты, методологические нормы, регламентирующие цифровую трансформацию в системе государственного управления Республики Казахстан. Автором проведен анализ основных технологий в сфере цифровизации и проектной деятельности. Использованы методы научного анализа, такие как контент-анализ, количественные данные по проектному управлению, которые отражают статистику по применению кросс-платформы «Easy project» в рамках исполнения национальных программ Республики Казахстан. В статье использовались первичные статистические данные за период с сентября 2019 года по май 2023 года на платформе «Easy project» по государственным стратегическим проектам в таких сферах, как здравоохранение, качественное образование, цифровизация и инновационная деятельность, развитие предпринимательства, энергетика и развитие регионов страны, а также в сфере сельскогохозяйства и агропромышленного комплекса. На основании статистических данных выявляется уровень внедрения проектного управления, как один из видов инновационных управленческих технологий. This article examines the level of implementation of innovative management technologies in the field of public administration of the Republic of Kazakhstan, by means of digitalization, as well as a project approach to the system of public service of the Republic of Kazakhstan. The main normative legal acts, methodological norms regulating digital transformation in the public administration system of the Republic of Kazakhstan have been studied. The author analyzes the main technologies in the field of digitalization and project activities, and also studied the international experience of using innovative management technologies in countries such as South Korea, the USA and others. The methods of scientific analysis, such as content analysis, quantitative data on project management, which reflect statistics on the use of the cross-platform "Easy project" in the framework of the implementation of national programs of the Republic of Kazakhstan, were used. The article used primary statistical data for the period from September 2019 to May 2023 on the "Easy project" platform for state strategic projects in such areas as healthcare, quality education, digitalization and innovation, entrepreneurship development, energy and development of the country's regions, as well as in the field of agriculture and agro-industrial complex. Based on statistical data, the level of implementation of project management is revealed as one of the types of innovative management technologies.

A Study on the Digital Transformation Trends in Financial Management for Small and Micro Enterprises

This paper explores the impact of digital transformation trends on the financial management practices of small and micro enterprises (SMEs). It delves into the profound effects these trends have had on how SMEs handle their finances, from enhanced efficiency and transparency to new opportunities and challenges posed by technological advancements. The paper discusses how digital transformation has revolutionized the way SMEs collect, store, and analyze financial data, and how it has increased the transparency of SMEs’ financial operations. It also highlights how the application of digital technologies in financial management has opened up new avenues for SMEs to access financing and facilitated their integration into the global economy. However, the paper also acknowledges the challenges that come with the digital transformation of financial management in SMEs, such as data security concerns and the cost of adopting and maintaining digital financial management systems. Despite these challenges, the paper concludes that the overall impact of digital transformation on SME financial management has been overwhelmingly positive. It also discusses the significant impact of digital transformation on the way SMEs conduct their financial planning and budgeting. The paper further explores the various applications of digital technologies in the financial management of SMEs, focusing on areas such as automation, data analytics, cloud computing, blockchain, and artificial intelligence. It emphasizes the importance of integrating these technologies to create a comprehensive financial management system that is both efficient and effective. Finally, the paper explores the primary challenges encountered during digital transformation and outlines effective strategies for advancing this process in SMEs. It concludes that by adopting cost-effective solutions, seeking external expertise, fostering a culture of change, and prioritizing data standardization, SMEs can successfully navigate this transformation and reap the benefits of increased efficiency, transparency, and competitiveness.

IOT Based Cashless Petrol Pump

The integration of IoT technology with petrol pumps has revolutionized the fueling industry, introducing efficient, secure, and convenient payment methods. This abstract presents an IoT-based cashless petrol pump system utilizing RFID cards for streamlined transactions. Customers authenticate themselves by tapping their RFID cards on readers connected to a central IoT platform, which verifies and authorizes transactions in real-time. The system supports multiple payment methods linked to RFID cards, ensuring flexibility for users. Security measures like data encryption and robust authentication protocols safeguard transactions. The IoT infrastructure enables remote monitoring and management of petrol pumps, facilitating predictive maintenance and targeted marketing strategies. Overall, this system offers a seamless and secure fueling experience, aligning with digital transformation trends in the automotive industry.

Are digital trends driving corporate environmental, social, and governance practices? Evidence from China

AbstractThis paper aims to explore whether the trend of digital transformation is driving companies to engage in environmental, social, and governance (ESG) practices. The impact of strategic transformation on firms is all‐encompassing, making it difficult to capture the mechanisms of impact on corporate ESG practices. To this end, we construct a new theoretical framework that combines slack resources and stakeholder theory. This framework attributes the heterogeneity of ESG practices to differences in the ability and willingness of companies. Using data from Chinese listed companies, we find that the digital transformation is improving ESG performance. The mechanism is that digital transformation increases the availability of long‐term slack resources and strengthens the connection with stakeholders. However, there is insufficient evidence that digital transformation contributes to greater transparency in corporate disclosure. We also find that this effect is larger for firms with less risk‐responsiveness and firms with international connections, but smaller for firms with political connections. Our findings affirm the advantages of contemporary trends in corporate digital transformation for ESG practices and offer a new theoretical framework to investigate the factors influencing ESG practices.

Preservation of writing sources as part of cultural heritage and information resource of the country in the digital era

The integration of the country into the processes of digitalization and the emerging information landscape requires significant attention to solving problems and implementing a set of systemic measures to ensure the preservation of document collections as part of the country's cultural heritage. The relevance of the research presented by the author is to generalize the trends of digital transformation of cultural institutions, in particular their document arrays, focused on improving the quality of user service, ensuring the safety of document collections, increasing the possibilities of distributing information about collections, exhibits outside the cultural institution, providing operational access to remote resources.

Current trends in digital transformation and their impact on the national economy

In today’s realities, digital transformation plays a very important role in the economic development of the country. This is due both to the high rate of scientific and technological progress and to the common within the economic relations, consumer preferences. Thus, it remains important to assess the impact of digitalization on the welfare of international and national economies. The research examines the current situation in Azerbaijan, one of the countries in which the principles of digital transformation are being actively implemented. The main research methods were analysis, induction, as well as methods of statistical data processing. The research assessed the main reason for the acceleration of the pace of digital transformation in the world and Azerbaijan, that being the beginning of the COVID-19 crisis. Although it was a problem for many companies at the initial stage, subsequently it allowed them to fit into the new economic realities. Thus, at the moment in Azerbaijan, there is a fairly well-developed system for managing the processes of digitalization. The national policy of the country is aimed at motivating enterprises to change the principles of their functioning into more innovative ones, which is quite well received by the institutions responsible for this. A particularly important role is played by financial and non-financial support for small and medium-sized enterprises, the provision of educational programs for citizens in terms of increasing literacy about the latest digital technologies, and the introduction of digital technologies in public administration processes, in which Azerbaijan has been able to achieve significant success. However, there are still various problems that require a solution from the authorities in the shortest possible time. Thus, this study brings new knowledge to the theory of modern digital transformation and allows us to consider the current state of the Azerbaijani economy in more detail

A Review of Research on Digital Transformation in Construction Enterprises

In the context of the national "14th Five-Year Plan", digital transformation is a necessary path for the high-quality development of the construction industry. Taking the 210 related literature searched and selected from China Knowledge Network as the primary data, Citespace was used to visualize and analyze the research hotspots, clustering changes, and evolutionary trends of digital transformation of construction enterprises. Combining the knowledge graph analysis and article review, the co-occurrence frequency and mediated centrality of hot keywords are derived, and the clustering analysis of the mediated centrality of keywords yields nine clustering units with the most excellent attention, which identifies the focuses and deficiencies of the research on the digital transformation of construction enterprises, and puts forward the outlook in terms of the paths and methods, benefits and costs, risks, case studies, as well as data, evaluation, and feedback.

The Impact of Trust and Quality of Electronic Services on Digital Bank Customer Satisfaction with the Bank Image as a Mediator

The COVID-19 pandemic and the development of information technology use in recent years have caused changes in people's behavior patterns and preferences in using digital services. This indirectly encourages the emergence of an accelerating trend of digital transformation in the bank sector in 2022, where banks massively optimize the use of digital technology in both customer products and services. This research is motivated by the development of digital banks which have become a phenomenon in the financial industry in recent years, with the needs of customers who want the speed and flexibility of bank services that are available anywhere and anytime. Customer satisfaction not only supports the survival of the bank, but also the development of the bank. Customer satisfaction in the bank is influenced by many factors such as trust because the bank operates based on the principle of customer trust, the quality of service that must be provided continuously and without interruption, and the image or image of the bank itself. Based on the above phenomenon, this study aims to analyze the role of the bank's image as a mediator of the impact of trust and quality of electronic services on digital bank customer satisfaction. The population of this study is digital bank customers located in DKI Jakarta, with a sample of 190 people. The data analysis method using the Structural Equation Model (SEM) is processed with SmartPLS version 3.29. In this study, it is known that trust does not affect customer satisfaction, the factors that make customers satisfied are the quality of service and the image of the bank.

The main aspects of the digital economy impact on the construction industry

Digital economy is developing rapidly and has a deep degree of influence on the national economy sectors as a whole, including the construction industry. Based on the fact that the digital economy contributes to large-scale changes in methods, management, lifestyle and is a key force in the reorganization of global elements and resources, the article analyzes current trends in implementation, ways and problems of digital transformation of the construction industry that arose in the period 2022–2023. Considering that one of the most important development goals of the construction industry digital transformation is the implementation of industrial intelligence, digital innovations have a significant impact on the business development speed, open up opportunities for continuous improvement of business processes. The article outlines the current trends in the digital transformation of the construction industry of the Russian Federation, methods of their implementation, their interrelation, problems, possible directions and applications. Along with the theoretical analysis practical introduction aspects of digital transformation trends in the construction industry of the Russian Federation are demonstrated. To achieve a technological breakthrough, recommendations are proposed for the transformation of the construction industry, considering the use of digital construction, digital architecture, and intelligent systems. The main impact aspects of the digital economy on the construction industry are formulated. The fact that the transformation of the construction industry in the era of the digital economy needs a deep adaptation to new technological processes indicates the relevance of research in this direction.

Practice of Cultivating Composite Talents for Intelligent Operation and Management of Urban Railway Transportation under the Trend of Digital Transformation

Practice of Cultivating Composite Talents for Intelligent Operation and Management of Urban Railway Transportation under the Trend of Digital Transformation

Mapping the Trend of Digital Transformation in Omni-Channel Retailing: A Bibliometric Analysis

The omnichannel, a new concept in retailing, has surpassed the genre of electronic business (e-commerce) and has significantly influenced consumer thoughts and decisions. This approach refers to a retailing approach that has transformed the way customers shop, seamlessly transitioning between online and offline platforms due to the increased usage of smartphones and tablets. Presently, retailers are focusing on delivering excellent service experiences. However, despite being a prominent topic in the retail sector, bibliometric and systematic reviews exploring omni-channels are scarce. To contribute to further research collaboration and expand knowledge in this subject area, a bibliometric study was conducted to examine omni-channel research trends, including publication outputs, notable journals, top-performing authors, leading countries, and author keywords. A total of 773 articles were acquired from Scopus databases from 2013 to March 2023. The findings revealed a continuous increase in the number of omni-channel publications each year, indicating its growing relevance in the retail industry. Among the 61 countries analysed, Chile had the highest number of active paper publications, followed by Sweden and Spain. The systematic analysis conducted using VOSviewer identified 2103 keywords. This research explores focal points in research, evaluates trends in evolution, visualizes collaboration networks, and identifies a prominent topic in the field of omni-channel research. Cluster analysis revealed prominent topics of interest within the omni-channel context, including the grocery, fashion, luxury, and tourism domains. As a result, this study provides an information and implementation direction for the development of omni-channel retailing.

An empirical assessment of the influence of digital transformation on sports corporate sustainability.

The trend of digital transformation fosters enterprise change, helps cultivate enterprises' own competitive advantages and is crucial to the advancement of sports enterprises' sustainable development in the framework of the emerging digital economy as a national strategy. However, there have been few empirical studies on the microlevel of digital transformation and its impact on the sustainability of sports organizations. Therefore, the sustainable growth dynamic model is used to construct indicators of corporate sustainability by referencing 48 sports corporations listed on Shanghai and Shenzhen A-shares markets and the New Third Board in China from 2012 to 2021. The intrinsic relationship between digital transformation and the sustainable development of sports enterprises and the underlying mechanism of action are explored by constructing a panel fixed effects model, a chain mediating effects model, and a panel threshold model. The most important contribution is as follows: To provide a useful reference for analyzing enterprise digital transformation, a more complete indicator indicating the extent of corporate digital transformation is built. The micro viewpoint broadens our awareness of sustainable development in sports organizations and deepens our understanding of the interaction model between sustainable development and enterprise digital transformation. This study provides methodical evidence and insights for an accurate understanding of digital transformation for sustainable enterprise development, looking into the "black box" of the mechanism between digital transformation and sustainable business development. The results show that digital transformation significantly aids sports enterprises in their pursuit of long-term sustainability. Heterogeneity tests demonstrate the pivotal role of digital transformation in advancing the sustained growth of sports firms and high-tech sports enterprises situated in the eastern region of China. Regarding transmission mechanisms, the chain mediating effect of enterprises' digital transformation on improved technological innovation and TFP, which in turn promote long-term business growth, has yet to be validated. Further examination exposes that within the context of the correlation between digital transformation and the sustainability of corporations, there is a single threshold effect based on financing restrictions and operational costs and a double threshold effect based on operational efficiency.

The Main Scientific and Practical Directions and Priorities of Management and Development of the Digital Economy at the Enterprises of Modern Shipbuilding

Theoretical reference: The article outlines some of the main theoretical and empirical aspects of studying the process of digitalization and human capital management of industrial economic entities, including considering the main structural elements of human capital formation/functioning, and the synergistic effect of various structural elements of human capital. Method: The article discusses some main analytical methods for assessing the effectiveness of digitalization processes, including the market capitalization method, a method for assessing intellectual capital based on average annual return on assets (ROA), and a method for estimating the cost of human resources based on computational and analytical indicator of information productivity. Results and Conclusion: The article discusses results around trends in digital transformation for shipbuilding companies and conclusions that the digital economy determines the new role of human resources and capital and that people remain a key success factor for digital enterprises. Implications of research: The research helps outline the main directions and priorities of human resource management and digital economy development at modern shipbuilding enterprises. Originality and value: The research provides a comparative analysis of theoretical and empirical aspects of digitalization and human capital management in the context of the shipbuilding industry, examining computational methods for evaluation. This contributes new perspectives and analysis specific to this industry context.

STRATEGIC INSIGHTS: NAVIGATING DIGITAL TRANSFORMATION AND CUSTOMER-CENTRICITY FOR ENHANCED BUSINESS SUCCESS

This paper examines the impact of digital transformation and customer-centricity on the processes businesses use to create customer value in today's business world. It discusses the opportunities digital transformation presents to businesses and explores strategies for increasing customer value to achieve success in the current business environment. Additionally, the text offers practical illustrations of theoretical concepts using anecdotal evidence and real-life cases. Finally, through an analysis of emerging digital transformation trends and their potential benefits for companies striving to enhance customer value, it presents businesses with a strategic outlook.

VIRTUAL TRAVEL DOCUMENTS MANAGEMENT SYSTEM: DIGITAL TECHNOLOGY APPLICATION SOLUTIONS OF VINH UNIVERSITY

Developing digital infrastructure and promoting the application of digital technology in the management of training institutions is currently an urgent issue for universities associated with the trend of digital transformation in the field of education and training towards building a smart university. Vinh University, with more than 1,000 officials, annually pays an average of more than 2,500 travel documents in many different fields of work. The manual issuance and approval process is a waste of time and resources, has posed the problem of applying digital technology in online travel document management, improving management efficiency. This article presents the results of research and application of the online travel document management system, one of the digital technology application solutions of Vinh University.

Развитие горно-геологической информационной системы в современных реалиях российской горнодобывающей отрасли

The article presents an approach to the development of the MINEFRAME mining and geological information system. The current situation in the mining industry, the foreign policy challenges require to use digital technologies as a driver to improve labor productivity and industrial safety. One of the most important classes of software used at mining enterprises are mining and geological information systems, i.e. the information systems that offer complex automation in solving geological, mine surveying and technological tasks when working with the vector, wireframe and block models of mining system facilities. The mining and geological information systems make it possible to have reliable knowledge of the deposit at each stage of exploration, design and operation of the mine through the use of 3D geological and geomechanical models, determination of distribution patterns for useful and harmful components of minerals for comprehensive analysis of scenarios of the sequence of field development, selection of the most efficient mining technologies and equipment, assessment of the risk level for design solutions and their economic efficiency. This approach fully corresponds to the trends of digital transformation declared by the government of the Russian Federation and represents a new stage of automation and informatization of economic activities and transition to digital technologies.

Краткосрочное планирование открытых горных работ в горно-геологической информационной системе MINEFRAME

One of the levels in planning of surface mining operations is short-term planning during the mining phase of the deposit reserves. Algorithms and software tools for the module of automated planning of surface mining operations have been developed as part of the task to enhance the efficiency of short-term planning in the MINEFRAME mining and geological information system. This module allows to make a comparative analysis of the selected structure of complex mechanization, as well as to optimize the operation of the in-pit transport based on simulation modeling of technological processes in surface mining. The module for planning of surface mining operations increases efficiency, timeliness and accuracy of planning based on input data and limitations that characterize the operation of the enterprise. Selection of the optimal structure for complex mechanization is made based on the analysis of the received reporting data of each planning scenario according to the performance indicators of the machinery and equipment. This approach fully corresponds to the trends of digital transformation declared by the government of the Russian Federation and represents a new stage of automation and informatization of economic activities and transition to digital technologies.

Dirençli Punta Kaynağı Prosesinin KNN ve CART Makine Öğrenimi Teknikleri ile Değerlendirilmesi

Spot welding, a type of resistance welding, is a welding application widely used in the production area and it is a common method for joining metal sheets. The spot-welding process is widely used in many production areas, especially in the automotive industry, radiator, and wire mesh production. Spot welding in car production lines is mainly performed by robotic applications. Industry 4.0 and digital transformation trends have led to unprecedented data growth. Nowadays, the manufacturing industry benefits from the power of machine learning and data science algorithms to monitor production processes and make predictions for quality, maintenance, and production optimization. Applying machine learning algorithms reduces the duration and cost of experiments. This study aims to confirm whether the spot welding, applied by robotic arms, is within the ideal spot-welding norms, in real production area. The ideal parameter norms were evaluated by using KNN and CART machine learning algorithms. To use real production data, this study was executed in the body production assembly line, which is selected as the pilot area, at TOFAŞ factory. The data set used in this research consists of the welding parameters of the current year, 2023. By running machine learning algorithms on the dataset, the performance evaluation of each algorithm was examined and the most appropriate estimation method was determined. In the experiments, the best F1-Score value was obtained by the CART model with 93%.