Digital Experience: How to Find a Tool for Evaluating Business Economic Risk

Lyukevich, Igor; Agranov, Anton; Львова, Надежда Алексеевна; Guzikova, Liudmila

doi:10.14716/ijtech.v11i6.4466

Cited by 11 publications

(8 citation statements)

References 14 publications

(15 reference statements)

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“…The developed framework for the digital development of industrial systems in the strategic drift of the Industry 5.0 shift allows to correlate the stages of digital strategizing with the stages of digital development, milestones of industrial revolutions and their corresponding objects and tools. The framework is expected to serve as a basis for a multi-perspective concept of digital strategizing in industrial systems, which will allow industrial systems management and decision-makers to design a digital development strategy, as well as to form a platformoperating model to increase the level of digital maturity (Kvint et al, 2022;Agus et al, 2021;Bencsik, 2020;Lyukevich et al, 2020). Based on the framework (Figure 6), the authors present Industry 5.0 as a Nooindustry 5.0, with reference to the terms "noosphere" (Jaseckova et al, 2022), and "nooeconomics" (Bodrunov, 2019).…”

Section: Resultsmentioning

confidence: 99%

A Framework for Digital Development of Industrial Systems in the Strategic Drift to Industry 5.0

Бабкин¹,

Shkarupeta²,

Kabasheva³

et al. 2022

IJTech

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Industry 5.0 is an integral driving force for industrial development to overcome a resurgent strategic drift. This solution is a perfect tool to ensure a sustainable, human-centered, and resilient industry and encourage man-machine collaboration within intelligent cyber-social systems. A complete shift to Industry 5.0 is only feasible when industrial systems apply digital strategizing to enhance digital development. That would invite technologies and humans to facilitate all operational and customer dealings, significantly increasing the rate of innovation. This research aims to articulate a multi-perspective conceptual framework based on the premises of digital development of industrial systems in the strategic drift to Industry 5.0. The methodology implied in this research rests on an interview with industry experts, a case study of digitalization leaders in 2021, extensive and systematic literature review and scientometric analytical tools, content analysis and foresight. In this paper, the authors reframe the concept of digital strategy and consider it as a notion independent of digitalization strategy and digital transformation strategy that is traditionally based on the formation of digital thinking, implementation of digital behavior patterns, the transformation of mindset, and strategic wisdom. As a result, a brand-new perspective on Industry 5.0 is suggested -Nooindustry 5.0. This digital development framework provides grounds for a digital business strategy to advance and shapes a platform-operating model to nurture the digital maturity of industrial systems. This research identifies key strategies for the transformation of an industrial system into a bionic one to sail through the current strategic drift. Further scientific work has to be carried out in order to assess the impact and effects of digital development of industrial systems while shifting to Industry 5.0.

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Section: Resultsmentioning

confidence: 99%

A Framework for Digital Development of Industrial Systems in the Strategic Drift to Industry 5.0

Бабкин¹,

Shkarupeta²,

Kabasheva³

et al. 2022

IJTech

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“…The choice of indicators of digital and financial access in relation to such significant factors as the level of disposable incomes of the population requires special attention (Miroshnichenko et al, 2022). Besides, the problems of regulating financial access in the aspect of digitalization are not limited to the household sector, as it generates new opportunities and risks for the corporate sector (Lyukevich et al, 2020). Thus, in the program documents of the Bank of Russia, the enhancement of financial access for business is given no less high importance than for households 42 .…”

Section: Discussionmentioning

confidence: 99%

Digital accessibility in the context of preference for financial services

Иванов¹,

Львова²,

Saksonova³

et al. 2023

SUJES

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The paper addresses the question of how digital access is related to the preference for financial services. The purpose of the research was to reveal the main types of interrelationships between digital and financial access by dividing and comparing countries with different corresponding characteristics. The research hypothesis suggested a negative correlation would exist between digital access and penetration of traditional financial services. To test this hypothesis, data from countries with advanced and developing markets were analyzed. The share of the population with Internet access was used as an indicator of digital access. To evaluate the availability of financial services, the IMF financial access index was considered. The countries were ranked by the level of digital and financial access, which allowed them to be divided into four groups according four sub-hypotheses: low financial and high digital penetration, high digital and financial penetration, low digital and high financial penetration, and low digital and financial penetration. The correlation analysis of the obtained data revealed a weak negative relationship between digital and financial access for each of the groups, and confirmed the tested hypotheses. It was concluded that digital access by itself is not a driver for expanding the availability of financial services, but it can contribute to innovative financial development through the formation of alternative financial services. This research contributes to the understanding of the ambiguous relationship between digital and financial access and, ultimately, to the criticism of the optimistic perception of digital finance, which has practical significance for financial regulation.

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“…Based on research conducted by (Lyukevich et al, 2020), evaluating the project's economic risk can use an algorithm method that is faster with accurate results. This is very important because the calculation of techno-economic analysis, evaluation of economic risk is needed to assess risk factors in developing a project.…”

Section: Project Economymentioning

confidence: 99%

Comparison of Gross Split Production Sharing Contract and Taxation Aspects for Economic Incentives in Indonesia

Permatasari¹,

Ambia²,

Kusrini³

et al. 2023

IJTech

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The objective of this study is to evaluate the comparison of economic incentives from the aspect of production sharing contract gross split, and taxation, especially to determine the balance of incentives that the government can provide either in taxation or additional discretion splits to contractors in the Alfa working area, which is an oil and gas operational work area located in Kalimantan. The method used in this study is a quantitative method, by performing calculations using a gross split profit sharing scheme to observe the economic comparison of Alfa working area without discretion, with additional discretion and a combination of tax percentages, with various combinations, it provides 25 (twenty-five) scenarios for economic calculations to the Alfa working area. Based on the economic calculation in Alfa's work area, the profitability index (PI) value is 1.09, where this value shows the minimum economic value of the contractor. Based on these scenarios, an economic analysis was obtained with a combination of indirect tax 0-100% and additional discretion split of 0-100%. According to the study's results, if the additional discretion incentive was less than 50%, the contractor's NPV value was negative. On the other hand, 75% discretion was given with indirect tax between 0-50%, and 100% discretion was offered. Through scenario simulation calculation with a PI target of 1.09, the optimum result was obtained with a balanced incentive amount at 50% indirect tax and an additional 92% split discretion.

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Digital Experience: How to Find a Tool for Evaluating Business Economic Risk

Cited by 11 publications

References 14 publications

A Framework for Digital Development of Industrial Systems in the Strategic Drift to Industry 5.0

A Framework for Digital Development of Industrial Systems in the Strategic Drift to Industry 5.0

Digital accessibility in the context of preference for financial services

Comparison of Gross Split Production Sharing Contract and Taxation Aspects for Economic Incentives in Indonesia

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