Advanced Trends in ICT for Innovative Business Management
eBook - ePub

Advanced Trends in ICT for Innovative Business Management

  1. 298 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Advanced Trends in ICT for Innovative Business Management

About this book

This book contains a collection of scientific chapters addressing the emerging trends in IT and telecommunications, as well as the issues that accompany them in business. It addresses issues in cyber applications, ICT solutions and innovative cyber know-how, and demonstrates how high-tech IT communications resources can be used to improve business production, sales and service strategies, supply chains and logistics.

The book is based on articles from ICCMIT'20, extending their approach to specific chapters. The chapters cover issues such as financial management, technological upgrades, Industry 4.0 and the trend towards sustainable development. It utilizes examples of technologically advanced enterprises developing under Industry 4.0 assumptions at the stage of digital transformation, which integrate digital technologies and business processes.

In addition, this book discusses issues related to cyber risk management and the implementation of a number of safeguards for digitized enterprises. Enterprises that orient themselves towards technological innovations find that they can reach customers faster, are more effectively managed and can achieve a competitive advantage over other businesses. This book will be a great aid to professionals in such companies, both in IT departments and in the management team.

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Information

Publisher
CRC Press
Year
2021
eBook ISBN
9781000406016

Chapter 1

Investments in ICT software and equipment in the process of digital transformation of European Union enterprises

Katarzyna Szymczyk

CONTENT

  • 1.1Introduction
  • 1.2Methodology
  • 1.3Digitization, digitalization and digital transformation
  • 1.4The extent of EU enterprises' digitization
  • 1.5The state of digitalization of business in EU countries
  • 1.6Towards digital transformation
  • 1.7Conclusions
  • References

1.1 INTRODUCTION

In the current reality, companies that implement innovations and modern technological solutions, create internal IT teams and constantly acquire technological competence to respond to market needs faster gain a competitive advantage. Presently, it can be seen that not only organizational culture is important in the company, but also the so-called digital culture, which consists of better and definitely dynamic creation and improvement of technological solutions. The level of digitalization of the company translates into more efficient customer service and facilitates the work of employees. This means that not only employees of IT departments but also senior managers should be able to use and create even simple—but also important for the functioning of the company—applications, IT tools, programs or, for example, reporting solutions. Digitization of manual processes and workflows is an extremely important foundation for the effectiveness of today's enterprises, and in the near future it will affect all spheres of this functioning. In particular, in industrial production the automation of a process is necessary today for the company to be able to keep up with current market trends and competition. It is inevitable this will change the approach to production, in which the use of computer machines, digitized information and automatons will be much more important than human muscles. This is a huge challenge and opportunity for manufacturing companies (Heinze et al., 2018, Reinartz et al., 2019). Digitalization thus brings the need to look for employees with specialized, often narrowed skills such as the ability to learn and manage digital machines and solve complex process problems. This type of qualification will be necessary among the staff for the company to be successful. When it comes to the sphere of customer service, the ability to communicate, build relationships and manage digital solutions will play the biggest role. In the sphere of management and administration of a company, its department or office, the key competences will include the ability to communicate effectively, think critically, possess and use analytical reasoning and practise the skills of effective persuasion.

1.2 METHODOLOGY

The discussion of the topic is based on a comparative analysis of available statistical data, European Commission (EC) reports and scientific literature resources. The author explains the ambiguity of the meaning of digitization, digitalization and digital transformation expressions. She discusses the genesis of digital transformation of enterprises, and compares the access, scope and quality of used technological innovations, ITC solutions, digital software and hardware in companies in various sectors, and of different sizes and scope of functioning.

1.3 DIGITIZATION, DIGITALIZATION AND DIGITAL TRANSFORMATION

The 3Ds (Digitization, Digitalization, and Digital Transformation) are often used incorrectly and interchangeably without proper understanding, especially when one talks about business. First of all, it should be clarified that initially, two decades ago, in the era of the so-called digital age, business used be performed in an analog way, i.e., all information and tasks were done and delivered physically until computers entered business performance. Since then, information has been converted into digital forms (bits and bytes) and business processes became to be digitized, i.e., operated by computers rather than manually (Bounfour, 2016, Vogelsang, 2010, BarNir et al., 2003). So the digitization in business made it faster and more efficient, and today it is hard to imagine an entity using just pen and paper for daily purposes.
Thanks to digitization, business could become digitalized. Digitalization of business should, in fact, be understood as incorporation of digital information and technology, and automation of business processes. Digitalization changes business models, their organization, structure and operations, by using electronic devices, systems, applications and instruments that engender, store or process digitized data. The appearance of computers and introduction of the World Wide Web fundamentally accelerated digitalization of business and changed industry, markets, production, trade and services, life of societies, actions of governments, communication, administration, cultural life and, in general, all aspects of public and private sectors (Collin et al., 2015, Berman and Marshall, 2014, Heinze et al., 2018, Patel & McCarthy, 2000, Roy, 2006, Ramanujam, 2009, Baker, 2014).
Digitization and digitalization are the first and second steps of simplifying business processes and making business performance more effective and satisfactory. These steps are taken within the company. The following step is digital transformation—a holistic transformation of business and its surroundings to focus on the culture and customer experiences. Digital transformation can be understood as a complex process of improving the way of thinking of an enterprise, thanks to which it will be able to create a modern, completely integrated, customer-oriented strategic business. To make this possible, it is crucial to prepare people for the digital transformation. Focusing on customer needs is an essential aspect of this transformation. Understanding the customer's intentions and providing the personalized experience by the company must occur at all times of contact. The data-driven operating model used in the enterprise allows better understanding of the company's condition and increases employee productivity by eliminating the manual business process, and thanks to this the enterprise functions more efficiently, faster and with more agility, ...

Table of contents

  1. Cover
  2. Half Title
  3. Title Page
  4. Copyright Page
  5. Contents
  6. Preface
  7. Editors
  8. Contributors
  9. 1 Investments in ICT software and equipment in the process of digital transformation of European Union enterprises
  10. 2 The use of information and communication technologies in small and medium-sized enterprises in Poland
  11. 3 Approach to the voice control of IoT objects in ā€œsmart houseā€ systems
  12. 4 ICT as a component of the internationalization strategy of the enterprise
  13. 5 Automation of forming complex advertising products
  14. 6 Digital agriculture innovation: Trends and opportunities
  15. 7 Relevance of the completeness meter of transport services
  16. 8 Innovative and investment direction of farming enterprise development
  17. 9 Information technologies as support for knowledge management
  18. 10 Information technologies for the industrial management of objects in an innovative economy under conditions of instability and development of Industry 4.0
  19. 11 The role of organic brand in the development of farmers' association: Evidence from Ukraine
  20. 12 Economic security management: Innovative leadership
  21. 13 The impact of social media communication on the company's reputation
  22. 14 Higher education as a development actor: The case of Morocco
  23. 15 Extra-financial assessment of the immaterial capital (Case of large service company)
  24. 16 Research of classification approaches of digital marketing tools for industrial enterprises
  25. 17 Innovations in internet marketing of enterprises in Ukraine on the example of biological products manufacturers
  26. Index

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Yes, you can access Advanced Trends in ICT for Innovative Business Management by Katarzyna Szymczyk, Ibrahiem M. M. El Emary, Katarzyna Szymczyk,Ibrahiem M. M. El Emary in PDF and/or ePUB format, as well as other popular books in Business & Business Communication. We have over 1.5 million books available in our catalogue for you to explore.