Analysis of European competitiveness based on its innovative capacity and digitalization level

Technology in Society, Год журнала: 2023, Номер 72, С. 102206 - 102206

Опубликована: Янв. 26, 2023

The competitiveness of countries can be measured through their innovative capacity and the level digitalization they have achieved. Technological advances proven to an engine economic growth, promoting employment sustainable development. In Europe, policies are being focused on investments make this "Digital Decade". Against backdrop, aim study is analyse 27 European Union by producing a synthetic indicator that includes factors relating innovation (measured Global Innovation Index) (based Digital Economy Society Index), which in turn yields annual ranking analysed economies between 2017 2021. Furthermore, second stage analysis, three panel data models estimated determine how economic, social environmental development foster technology innovation. multicriteria decision-making method Technique for Order Preference Similarity Ideal Solution (TOPSIS) applied establish EU members according innovation, while Prais-Winsten regression with Panel Corrected Standard Errors used obtain robust estimators. results indicate hold similar positions five years analysed, Sweden leading way throughout, reflects its stable terms A digital gap seen top bottom ranking, is, north-central south-eastern Europe. Finally, suggest governments should promote wealth, employment, research infrastructure order improve technological countries.

Язык: Английский

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An exploratory data analysis approach for analyzing financial accounting data using machine learning

Decision Analytics Journal, Год журнала: 2023, Номер 7, С. 100212 - 100212

Опубликована: Март 29, 2023

Analyzing financial accounting transactions is essential for gaining valuable hidden insights, optimizing performance, reducing expenses by identifying more efficient methods of conducting business operations, and improving profitability bottom line. This study uses exploratory data analysis to analyze data, including balance sheets, income statements, cash flow statement data. Such descriptive analytics considers various parameters, such as the Debt-to-Equity Ratio, Current Return on Capital Employed, Net Profit Margin, Inventory Turnover determine investment decisions. Afterward, predictive used predict total revenue a dependent variable. Four supervised machine learning models are employed: Linear Regression, K-Nearest Neighbor, Support Vector Regressor, Decision Tree. The results suggest that decision tree most model performance analytics. hyperparameter maximum depth tree, its optimal value nine determined using grid search.

Язык: Английский

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Opening the black box between strategic vision on digitalization and SMEs digital transformation: the mediating role of resource orchestration

Kybernetes, Год журнала: 2023, Номер 53(2), С. 580 - 599

Опубликована: Июнь 11, 2023

Purpose In the digital era, competitiveness of an enterprise is highly dependent on success its transformation. The effectiveness such transformation, in turn, relies heavily organization's strategic vision and resource fitness. Accordingly, authors aim to explore impact digitalization (SVD) transformation small- medium-sized enterprises (SMEs), drawing perspective orchestration theory. Design/methodology/approach Based first-hand interview data from 347 Chinese SMEs, research model was tested empirically by both Structural Equation Modeling Fuzzy Set Qualitative Comparative Analysis (fsQCA). Findings study results supported that positive effect SVD mediating (resource structuring, bundling leveraging) accounts for relationship between Further, fsQCA showed neither nor alone constitutes a necessary condition high elements constitute three configuration paths drive SMEs achieve high-level Originality/value To knowledge, this first kind theorize examine how affects addition, have highlighted importance forging link contributes theory literature provides guidelines can realize

Язык: Английский

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Identifying the enablers of HR digitalization and HR analytics using ISM and MICMAC analysis

International journal of organizational analysis, Год журнала: 2023, Номер 32(3), С. 504 - 521

Опубликована: Апрель 20, 2023

Purpose This study aims to identify the enablers of human resource (HR) digitalization and HR analytics. paper also build a relationship map using interpretive structural modeling. Design/methodology/approach A systematic literature review is used key Ten expert opinions have been taken from officials IT firms located in New Delhi North Central Region. Findings focused on It found that change management (CM) organization enabler implementing analytics an organization. However, other elements like learning culture, training development, E-learning transformation (HRT) play vital role artificial intelligence for practices ultimate goal every Research limitations/implications Management teams should focus continuous process The CM be expedited adoption Managers must go through ramification HRT, which possesses diligence intelligence. Originality/value explicitly talks about explores between enablers. describes driving dependence power all

Язык: Английский

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Innovation, researcher and creativity: A complex indicator for territorial evaluation capacity

Technology in Society, Год журнала: 2024, Номер 77, С. 102545 - 102545

Опубликована: Апрель 6, 2024

Innovation, research, and creativity are crucial elements to guarantee countries' competitiveness promote sustainable economic social progress. The evolution of these influences guides the strategic choices policymakers develop potential improvements. Measures well-being widely studied in literature as essential tools for understanding promoting more equitable, inclusive progress; they provide a complete holistic view people's well-being, enabling informed policies decisions that meet country's needs. Investments scientific research innovation, human capital available knowledge economy processes diffusion Information Communication Technologies fundamental development. highlights need indicators analyze efficiency levels activities guide better resource use. In light this, study aims formulate composite index summarizes "Innovation, creativity" dimension Equitable Sustainable Wellbeing (BES) Report. analysis focuses on Italy provides detailed measure situation creativity, which indirect determinants but authors propose an classifying Italian Regions by utilizing from BES Agenda 2030 employing hierarchical clustering associated with algorithm based P2 distance method. From broader perspective, work robust tool combines various measures into single value. This offers comprehensive complex allows identification general trends or changes over time. Furthermore, this enables targeted assessment goal achievement than analysing isolated individual variables. results show goodness robustness proposed index. Therefore, is valuable capable providing situation, identifying trends, regional national patterns, information governments strategies.

Язык: Английский

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Digitalization and Artificial Intelligence: A Comparative Study of Indices on Digital Competitiveness

Information, Год журнала: 2025, Номер 16(4), С. 286 - 286

Опубликована: Апрель 2, 2025

The digital economy, driven by innovative technologies and artificial intelligence (AI), is transforming economic systems increasing the demand for accurate assessments of competitiveness. This study addresses inconsistencies in country rankings derived from global indices aims to determine whether these differ due methodological variations. It also examines correlate significantly across different evaluation frameworks. research focuses on 29 European countries analyzes four widely recognized indices: World Digital Competitiveness Ranking (WDCR), Network Readiness Index (NRI), AI (AIRI), Quality Life (DQLI). To assess consistency variability 2019 2024, applies Friedman’s ANOVA Kendall’s coefficient concordance. results demonstrate strong correlations at level rankings, indicating a high degree consistency, but confirm statistically significant differences among indices, which reflect diversity their conceptual foundations. Countries such as Finland, Netherlands, Denmark consistently achieve top convergence, while more observed like DQLI. These findings highlight importance rank-based, multidimensional evaluating They support use policy tools monitoring progress, identifying gaps, promoting inclusive development.

Язык: Английский

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Comprehensive Assessment of Enterprise Digital Competitiveness

Prague Economic Papers, Год журнала: 2024, Номер 33(2), С. 220 - 243

Опубликована: Май 3, 2024

There are studies investigating a country's digital competitiveness; however, there is lack of research examining competitiveness at the enterprise level. Hence, current study aims composing an index (EDCI), which provides possibility to assess level and could be used by policymakers in development strategy for transitioning economy. The CRITIC COPRAS approaches employed construction. criteria subcriteria provided Eurostat (2022) as antecedents EDCI. results indicate that Nordic countries have reached highest competitiveness. mentioned countries' GDP per capita top 5 among EU countries, while with lowest show

Язык: Английский

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Role of digital transformation for sustainable competitive advantage of SMEs: a systematic literature review

Cogent Business & Management, Год журнала: 2024, Номер 11(1)

Опубликована: Окт. 24, 2024

The digital revolution has fundamentally changed how businesses create value. Small and medium enterprises (SMEs), with their limited resources, must adapt to this new landscape maintain a competitive edge through transformation (DT). This paper explores SMEs can build sustainable advantage (SCA) via DT. Using the WOS Core Collection database, we conducted comprehensive review bibliometric analysis, examining 1,856 articles on SCA, detailed focus 57 that specifically address findings show DT enhances SMEs' innovation dynamic capabilities, helping them overcome resource constraints better respond market shifts. Key technologies such as big data, artificial intelligence, platforms are crucial in driving these results. Practical insights also offered for managers tailor strategies, optimize operations, SCA.

Язык: Английский

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Effectiveness of Using Mental Maps Using the Mindomo Mobile Application in the Training of Biology Teachers

International Journal of Educational Reform, Год журнала: 2024, Номер unknown

Опубликована: Янв. 10, 2024

In this article, the authors investigated effectiveness of using mental maps Mindomo mobile application. As an evaluation criterion, we used average percentage correct answers to test on studied topic immediately after end module and again 3 months. The results indicate such a tool as in learning, including long term; however, for long-term storage information, manual method drawing turns out be more effective than

Язык: Английский

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Digitalization and Firm Performance: Empirical Evidence from Forbes-listed Companies

Journal of Innovation Management, Год журнала: 2024, Номер 11(4), С. 124 - 142

Опубликована: Янв. 26, 2024

As the world goes digital, many companies have found that their performance improves when they digitize operations. This is especially true in light of COVID-19 pandemic, as must rely more on digital tools to survive. Our paper aims examine connection between competitiveness and financial 86 businesses at country level before, during, after pandemic over period 2017--2021. Unlike previous findings relied qualitative methods, our research relies quantitative methods. More precisely, we empirically impact (i.e., an index) measured by return assets) through linear regression models panel data regressions for three specific periods (2017-2019 pre-pandemic, 2020 2021 post-pandemic). We allows firms adopt digitalization. specifically, comparing periods, discovered positively influences business post-Covid era. Looking ahead world, it clear prioritize ensure long-term success. Governments can learn important lessons from this how help digitize."

Язык: Английский

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