Transformation With Trustworthy Digital: Policy Desiderata for Businesses in Post Covid-19 World

Abstract

This paper discusses the global Digital Transformation trends in this pandemic and the state of end users' trust in digital offerings of businesses. It depicts the key factors and dimensions that impact digital trust and are necessary to succeed in post COVID-19 world. It then highlights the policy recommendations and way forward for businesses to ensure digital trustworthiness.

Digitization, Digital Twins, Blockchain, and Industry 4.0 as Elements of Management Process in Enterprises in the Energy Sector

“…With the growing access to renewable energy sources and the fast, ubiquitous connection of everything (peer to peer), the traditional one-way energy flow from centralized generation to end-users will give way to a two-way energy flow with a multidirectional energy network between central grids and distributed prosumers [50]. Digital systems integrating various energy sources will be increasingly used to manage energy distribution by monitoring and controlling its production and demand.…”

“…An extensive discussion of key infrastructures was foreseen to present how the digitization and decentralization of EI transactions are being implemented, including "advanced metering infrastructure" last mile (AMI), renewable energy integrator "smart inverter", energy flow regulator "energy router", and coordinator "microgrids". Challenges and future trends are discussed from a broad perspective, including physical energy space, data cyberspace, and human social space [50].…”

Do Digital Technologies Influence the Relationship between the COVID-19 Crisis and SMEs’ Resilience in Developing Countries?

“…Ref. [18] claims that some Chief Executive Officers (CEOs) of multinational corporations have expressed discontent with the configuration of their global communication networks with some of the most widely utilized local communication technologies. Moreover, the lack of appropriate communication network infrastructures and the relatively high cost of equipment, out of reach for the vast majority of the population, complicate the dilemma for developing countries.…”

“…Ref. [18] conducted a study in France with 1574 teleworkers. Their findings show that one of the most significant barriers to telework adjustment is a lack of contact and informal relationships with co-workers, and overall input from the manager and the business.…”

“…Adopting digital technologies improves the company's competitiveness, productivity, and profitability while also ensuring its survival [16]. Digital technologies comprise such categories as the Internet of Things (IoT), artificial intelligence, big data analytics, advanced tracking and tracing technologies, wearables, and additive manufacturing [17][18][19].…”