Agile methodologies in digital banking: Theoretical underpinnings and implications for customer satisfaction

Open Access Research Journal of Science and Technology, Journal Year: 2024, Volume and Issue: 10(2), P. 021 - 030

Published: March 26, 2024

This paper delves into the theoretical underpinnings of agile methodologies and investigates their potential to enhance customer satisfaction in digital banking. Theoretical foundations draw on several key frameworks complexity theory, complex systems, like banking ecosystems, exhibit emergent properties. Traditional linear approaches struggle predict these. Agile embraces iterative development cycles adaptability changing requirements, acknowledging this lean thinking, derived from manufacturing, thinking prioritizes eliminating waste maximizing value. translates by focusing short sprints, prioritizing features with highest impact, minimizing unnecessary functionalities co-creation, traditional models often distance customers process. emphasizes actively involving them design testing. fosters a deeper understanding needs leads more relevant satisfying experiences. practices encompass diverse practices. visual management system focuses workflow optimization. Promoting continuous flow work deployment user stories acceptance criteria, User Acceptance criteria define specific conditions feature must meet for approval. These ensure align expectations. hold significant promise enhancing digit allows banks deliver new faster, keeping pace evolving demands. Customers benefit quicker access innovative solutions that address financial needs. results experiences are intuitive, efficient, cater Increased Innovation, The nature learning experimentation. Banks can test features, gather feedback, rapidly iterate upon them, leading dynamic experience. Improved transparency trust, promote open communication collaboration between teams customers. kept informed updates have voice shaping process, fostering trust sense ownership.

Language: Английский

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THEORETICAL FRAMEWORKS SUPPORTING IT AND BUSINESS STRATEGY ALIGNMENT FOR SUSTAINED COMPETITIVE ADVANTAGE

International Journal of Management & Entrepreneurship Research, Journal Year: 2024, Volume and Issue: 6(4), P. 1273 - 1287

Published: April 25, 2024

In today's dynamic business environment, the alignment between information technology (IT) and strategy is critical for organizations seeking sustained competitive advantage. This paper presents a comprehensive examination of theoretical frameworks supporting this alignment, aiming to provide insights into how can effectively integrate IT capabilities with strategic objectives. The foundations explored include Resource-Based View (RBV), which emphasizes leveraging unique resources achieve Additionally, Dynamic Capabilities Framework underscores importance an organization's ability adapt innovate in response changing market conditions, highlighting role facilitating agility flexibility. Strategic Alignment Model offers structured approach ensuring coherence strategy, organizational infrastructure, enabling seamless integration alignment. Value Chain Analysis provides framework understanding add value across different stages chain, informing decision-making resource allocation. Moreover, Governance Frameworks, such as COBIT ITIL, offer guidelines effective management governance support Business Process Reengineering (BPR) also examined methodology redesigning processes align goals leverage capabilities. Through exploration these frameworks, aims equip knowledge tools necessary advantage through strategies. Keywords: Theoretical IT, Strategy Alignment, Sustained Competitive Advantage.

Language: Английский

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AI IN PROJECT MANAGEMENT: EXPLORING THEORETICAL MODELS FOR DECISION-MAKING AND RISK MANAGEMENT

Engineering Science & Technology Journal, Journal Year: 2024, Volume and Issue: 5(3), P. 1072 - 1085

Published: March 24, 2024

This paper explores the transformative potential of Artificial Intelligence (AI) in personalized marketing. It highlights how AI can analyze vast amounts customer data to create targeted messages, recommendations, and real-time interactions that resonate with individual needs preferences. approach fosters deeper consumer engagement, leading increased satisfaction, brand loyalty, business success. The discusses future shaping marketing experiences. However, responsible implementation will be paramount ensuring a positive for both brands consumers. Enhanced version abstract incorporating additional insights, this delves into power algorithms multitude points, including purchase history, website behavior, social media interactions. rich empowers highly By fostering AI-powered personalization unlocks pathway ultimately, significant growth. acknowledges ethical considerations accompany implementation. Responsible practices are paramount, security mitigating bias prevent discriminatory practices. Transparency is collected used builds trust consumers, mutually beneficial relationship. Looking ahead, Imagine Chat bot offering product recommendations real-time, or virtual reality experiences tailored lies creating genuine connections provides tools personalize journey at every touch point. navigating landscape prioritizing crucial consumers. Keywords: (AI), Personalized Marketing, Customer Engagement, Data, Marketing Strategy.

Language: Английский

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ADVANCEMENTS AND CHALLENGES IN AI INTEGRATION FOR TECHNICAL LITERACY: A SYSTEMATIC REVIEW

Engineering Science & Technology Journal, Journal Year: 2024, Volume and Issue: 5(4), P. 1415 - 1430

Published: April 17, 2024

This systematic review explores the advancements and challenges associated with integration of artificial intelligence (AI) in promoting technical literacy. Technical literacy is increasingly important today's digital age, where understanding utilizing technology are essential skills. AI has potential to enhance by providing personalized learning experiences, facilitating hands-on learning, offering innovative tools resources. However, education also presents challenges, such as ensuring equitable access, addressing ethical considerations, overcoming barriers. The examines a range studies literature related for literacy, focusing on key themes tools. It highlights transform tailored experiences that cater individual needs preferences. AI-driven tools, simulations, virtual laboratories, intelligent tutoring systems, have been shown student engagement concepts. Despite benefits, identifies integration, including need teacher training, concerns about data privacy, risk reinforcing existing inequalities. Addressing these requires careful planning, collaboration between educators developers, commitment access educational Overall, this provides insights into current state opportunities approach. By leveraging AI, can prepare students success technology-driven world. Keywords: Advancement, Challenges, Integration, Literacy.

Language: Английский

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ECONOMIC THEORY AND PRACTICAL IMPACTS OF DIGITAL TRANSFORMATION IN SUPPLY CHAIN OPTIMIZATION

International Journal of Advanced Economics, Journal Year: 2024, Volume and Issue: 6(4), P. 95 - 107

Published: April 26, 2024

Digital transformation has emerged as a critical driver of innovation and efficiency in supply chain management, reshaping traditional economic paradigms yielding profound practical implications. This paper delves into the theory underpinning digital optimization explores its impacts on businesses industries. In terms theory, we examine evolution from models to digitally-enabled ecosystems. The integration technologies such big data analytics, artificial intelligence, blockchain revolutionizes dynamics, enhancing efficiency, reducing costs, mitigating risks. Drawing game applications, elucidate strategic interactions among stakeholders implications their decision-making processes. Turning impacts, investigate how enables enhanced visibility, real-time tracking, predictive fostering agility responsiveness operations. Automation AI-driven insights empower decision-makers optimize resource allocation mitigate disruptions effectively. Through case studies, illustrate tangible benefits advantages accrued by organizations embracing transformation. However, this is not devoid challenges. Cybersecurity threats, privacy concerns, complexities legacy systems pose significant hurdles. Addressing these challenges necessitates holistic approach encompassing technological innovation, regulatory frameworks, workforce development. Looking ahead, future trends integration, IoT sustainability initiatives promise further advancements optimization. underscores imperative for ongoing research adaptation harness full potential management. Keywords: Economic Theory, Practical Impacts, Transformation, Supply Chain Optimization.

Language: Английский

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Theoretical frameworks in AI for credit risk assessment: Towards banking efficiency and accuracy

International Journal of Scientific Research Updates, Journal Year: 2024, Volume and Issue: 7(1), P. 092 - 102

Published: March 26, 2024

This paper delves into theoretical frameworks in AI for credit risk assessment, exploring how these enhance banking efficiency and accuracy. It discusses various techniques such as machine learning algorithms, neural networks, natural language processing, their application assessment. Furthermore, it examines the challenges opportunities presented by frameworks, highlighting potential to revolutionize sector. Revolutionizing Credit Risk Assessment Banking, The Role of Artificial Intelligence In dynamic realm finance, assessment stands a fundamental pillar institutions. Traditionally, this process has heavily relied on statistical models historical data. However, emergence (AI) catalyzed transformative shift domain. elucidates underpinnings employed investigates profound implications enhancing accuracy operations. exploration begins delineating pertinent Leveraging processing techniques, offer innovative approaches evaluate creditworthiness. Unlike conventional methods, AI-driven possess capacity ingest vast datasets, identify intricate patterns, adapt dynamically evolving market dynamics. Such capabilities empower banks make more informed timely decisions regarding lending activities. Moreover, practical Through case studies empirical evidence, advanced methodologies enable mitigate risks while maximizing profitability. By harnessing AI, financial institutions can optimize scoring processes, defaulters with greater accuracy, customize terms based individual profiles. Additionally, facilitates real-time monitoring portfolios, allowing proactive management interventions prevent adverse outcomes.

Language: Английский

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CONCEPTUALIZING AGILE DEVELOPMENT IN DIGITAL TRANSFORMATIONS: THEORETICAL FOUNDATIONS AND PRACTICAL APPLICATIONS

Engineering Science & Technology Journal, Journal Year: 2024, Volume and Issue: 5(4), P. 1524 - 1541

Published: April 26, 2024

Agile development has emerged as a prominent approach in digital transformations due to its flexibility and adaptability changing requirements. This review explores the theoretical foundations practical applications of agile context transformations. Theoretical stem from iterative incremental methodologies that prioritize customer collaboration, adaptive planning, continuous improvement. principles, outlined Manifesto, emphasize individuals interactions over processes tools, working software comprehensive documentation, collaboration contract negotiation, responding change following plan. These principles are supported by various frameworks methodologies, such Scrum, Kanban, Extreme Programming (XP), which provide specific practices guidelines for implementing Practical diverse impactful. enable organizations respond quickly market demands needs, allowing faster delivery value-added products services. practices, daily stand-up meetings, sprint retrospective reviews, promote among cross-functional teams foster culture also enhances project transparency stakeholder engagement through regular demonstrations feedback loops, ensuring final product meets expectations. Overall, conceptualization is characterized enabling adapt change, deliver value, collaboration. Understanding underpinnings implications crucial seeking leverage their transformation efforts. Keywords: Conceptualizing, Development, Digital Transformation, Foundations, Applications.

Language: Английский

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Securing the digital supply chain: Cybersecurity best practices for logistics and shipping companies

World Journal of Advanced Science and Technology, Journal Year: 2024, Volume and Issue: 5(1), P. 026 - 030

Published: March 30, 2024

The review investigates the pressing need for robust cybersecurity measures within logistics and shipping sector, where digital supply chain is vulnerable to a myriad of cyber threats. paper delves into specific challenges faced by companies, including interconnectedness global chains, reliance on technologies operations, high value goods in transit. It explores multifaceted nature risks, encompassing threats such as ransomware, phishing attacks, data breaches, disruptions, which can have far-reaching consequences business continuity reputation. Through detailed analysis, study elucidates best practices tailored industry, both technical solutions organizational policies. These include implementing authentication access controls, encrypting sensitive transit at rest, establishing secure communication channels, conducting regular vulnerability assessments penetration testing. Furthermore, emphasizes importance fostering culture awareness among employees through comprehensive training programs incident response drills. also discusses role regulatory compliance frameworks GDPR, CCPA, industry-specific standards like ISO 27001 guiding efforts ensuring adherence practices. By providing actionable recommendations insights garnered from real-world case studies, equips companies with knowledge tools needed bolster their defenses, safeguard critical assets, maintain trust ecosystem.

Language: Английский

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Leveraging technology and financial literacy for women’s empowerment in SMEs: A conceptual framework for sustainable development

Global Journal of Engineering and Technology Advances, Journal Year: 2024, Volume and Issue: 18(3), P. 020 - 032

Published: March 13, 2024

In the landscape of small and medium-sized enterprises (SMEs), fostering women's empowerment through technology financial literacy emerges as a pivotal strategy for sustainable development. This abstract presents conceptual framework delineating integration to empower women entrepreneurs within SMEs, economic growth, societal advancement. The begins by recognizing significance leveraging catalyst empowerment. Technology adoption facilitates access markets, networks, resources, leveling playing field entrepreneurs. Through digital platforms, can overcome geographical barriers, tap into global enhance their competitiveness in economy. Moreover, emphasizes critical role enabling SMEs. Financial equips with knowledge skills manage finances effectively, make informed decisions, capital markets. By enhancing literacy, navigate complex landscapes, secure funding business mitigate risks. Central is intersectionality synergistically driving serves an enabler initiatives, providing accessible scalable platforms delivering education services Conversely, enhances ability leverage maximizing benefits tools growth sustainability. underscores importance ecosystem support facilitating Collaboration among government agencies, institutions, providers, civil society organizations essential creating environment that fosters resources. partnerships collaborations, stakeholders amplify impact initiatives aimed at promoting development conclusion, holistic approach offering insights interconnectedness adoption, outcomes. Implementing this requires concerted efforts from across sectors create inclusive supportive where thrive contribute

Language: Английский

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VIRTUAL PRIVATE NETWORKS (VPN): A CONCEPTUAL REVIEW OF SECURITY PROTOCOLS AND THEIR APPLICATION IN MODERN NETWORKS

Engineering Science & Technology Journal, Journal Year: 2024, Volume and Issue: 5(4), P. 1452 - 1472

Published: April 26, 2024

Virtual Private Networks (VPNs) play a crucial role in ensuring secure communication over public networks. This concept paper provides comprehensive review of security protocols used VPNs and their application modern The begins by defining explaining importance securing data transmission untrusted It then discusses the evolution VPN technology, highlighting transition from traditional IPSec SSL/TLS to more approaches such as WireGuard QUIC. also examines VPNs, including IPSec, SSL/TLS, newer like Each protocol is analyzed terms its features, performance, suitability for different use cases. Furthermore, explores networks, remote access, site-to-site connectivity, cloud-based services. challenges considerations involved deploying managing today's complex network environments. In conclusion, emphasizes highlights need organizations carefully evaluate requirements choose appropriate technologies protect Keywords: VPN, Security, Applications, Network.

Language: Английский

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