The collaborative role of blockchain, artificial intelligence, and industrial internet of things in digitalization of small and medium-size enterprises

Scientific Reports, Год журнала: 2023, Номер 13(1)

Опубликована: Янв. 30, 2023

Due to digitalization, small and medium-sized enterprises (SMEs) have significantly enhanced their efficiency productivity in the past few years. The process automate SME transaction execution is getting highly multifaceted as number of stakeholders SMEs connecting, accessing, exchanging, adding, changing transactional executions. balanced lifecycle requires partnership exchanges, financial management, manufacturing, stabilities, along with privacy security. Interoperability platform issue another critical challenging aspect while designing managing a secure distributed Peer-to-Peer industrial development environment for SMEs. However, till now, it hard maintain operations SMEs' integrity, transparency, reliability, provenance, availability, trustworthiness between two different due current nature centralized server-based infrastructure. This paper bridges these problems proposes novel framework standardized hierarchy/lifecycle using collaborative techniques blockchain, internet things (IoT), artificial intelligence (AI) machine learning (ML). A blockchain IoT-enabled permissionless network structure designed called "B-SMEs" that provides solutions cross-chain platforms. In this, B-SMEs address lightweight stakeholder authentication well. For purpose, three chain codes are deployed. It handles participating registration, day-to-day information management exchange nodes, analysis exchange-related details before being preserved on immutable storage. Whereas AI-enabled ML-based neural networks utilized, aim handle optimize numbers transactions; so proposed consume fewer resources terms computational power, bandwidth, preservation-related issues during complete service deliverance. simulation results present highlight benefits B-SMEs, increases rate ledger optimization exchanging chains, which up 17.3%, reduces consumption system's down 9.13%. Thus, only 14.11% 7.9% B-SME's transactions use bandwidth storage capabilities compared mechanism SMEs, respectively.

Язык: Английский

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Navigating the manufacturing revolution: identifying the digital transformation antecedents

Management Decision, Год журнала: 2024, Номер 62(6), С. 1775 - 1805

Опубликована: Фев. 20, 2024

Purpose In the era of digitalization, digital technology has transformed businesses and created enormous opportunities for organizations worldwide. Unsurprisingly, research on transformation garnered significant interest among academics in recent decades. However, this study aims to recognize key holistic antecedents influencing manufacturing firms. This also investigates indirect relationships with firm performance. Design/methodology/approach The hypothesis was investigated using partial least squares structural equation modeling (PLS-SEM) approach. data collected from 279 employees through a self-administered survey Findings results described positive impact competitive pressure, leadership role, organization culture, mindfulness, government regulation, IT readiness Furthermore, partially mediates relationship between Originality/value finds perspective critical mediation role moderating effects agility. Additionally, all have association Firm Performance.

Язык: Английский

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Digital Commerce and MSMEs Output in Sub-Saharan Africa

Deleted Journal, Год журнала: 2025, Номер 18(1), С. 45 - 67

Опубликована: Фев. 6, 2025

In this paper, we assessed the impact of digital commerce on micro, small and medium enterprises (MSMEs) in sub-Saharan Africa using evidence from Nigeria. a descriptive research design, adopted both inferential statistics to answer three questions test corresponding hypotheses. Primary data gleaned sample 400 respondents selected across six geopolitical zones Nigeria multiple sampling techniques was used for study. Results logit model regression show that has made significant impacts performance, growth expansion, as well cost-effectiveness profitability MSMEs While study noted that, though litany challenges still confronts Africa, concluded any increase awareness adoption commercial activities by one unit an odd ratio about 10.1, hence, output will be 10 times likely improve increase. To this, recommended government other relevant stakeholders must partner ensure enabling environments are created sustainable commerce. This partnership function removing all bottlenecks especially it concerns infrastructural development, regulations improved financial inclusion.

Язык: Английский

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The Effect of Digital Marketing Adoption on SMEs Sustainable Growth: Empirical Evidence from Ghana

Sustainability, Год журнала: 2023, Номер 15(6), С. 4760 - 4760

Опубликована: Март 7, 2023

Online presence is fast becoming a marketing hub for contemporary businesses. Often known as digital marketing, the phenomenon offers several opportunities to Small and medium enterprises (SMEs) are using their online launch stern competitive promotions interact with consumers. Against backdrop of competition, being utilized drive sustainable strategies SMEs. This study leverages theory planned behavior explore impact adoption on growth SMEs in Ghana. Using structured questionnaire SmartPLS version 3.3 data analysis, 533 owners/managers Ghana were drawn administer questionnaire. Our findings suggest that, while attitudes toward did not influence intention use perceived control subjective norms found affect individuals’ intentions marketing. Additionally, results proved direct positive link between actual behavioral Finally, relationship SMEs’ was also proven positive, affirming that significantly improved developing countries. contributes multiplicity factors tendencies managers firms quest adopt platforms enhance growth. The study’s serve guidelines prospective adopters they develop sustainability strategies.

Язык: Английский

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Evolution of digital transformation in SMEs management through a bibliometric analysis

Technological Forecasting and Social Change, Год журнала: 2023, Номер 199, С. 123014 - 123014

Опубликована: Дек. 5, 2023

Язык: Английский

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Unlocking the potential: the impact of digital leadership on firms' performance through digital transformation

Journal of Business and Socio-economic Development, Год журнала: 2023, Номер 4(2), С. 161 - 177

Опубликована: Дек. 18, 2023

Purpose This study aims to investigate the impact of digital leadership (capabilities, experience, predictability and vision) green organizational culture on firms' transformation financial performance. Additionally, research evaluate mediating role in relationship between Design/methodology/approach A purposive sampling technique was employed identify select individuals with relevant expertise experiences field transformation. total 164 responses were collected, questionnaire designed based a five-point Likert-type scale. The data analyzed using SmartPLS 4 (Statistical Software for Structural Equation Modeling). Findings findings indicate that capabilities, vision do not directly However, there is an indirect influence performance through While both (GOC) positively performance, GOC, leader results confirm mediates Research limitations/implications highlights strategic capabilities can enhance value-added processes during transformation, contributing sustainability era. Overall, this significantly advances theoretical understanding practical applications context its firms. Limited stages among Malaysian firms research, some entities cautious about disclosure having limited cooperation researchers. Gathering from diverse sources would have strengthened methodological rigor multilevel study. Despite these limitations, offers fresh insights into different facets their enhances existing knowledge challenges assumptions transformational theory (TLT) framework. Practical implications opens door further distinct components effects similar context. By highlighting positive it expands empirical scope realm leadership. These encourage critical examination, refinement evolution TLT, providing leaders managers as they navigate digitalization, within organizations. In era play central building psychologically safe environment nurturing digitally skilled teams capable managing technological changes. Leaders should possess necessary drive mitigate potential threats adapt dynamic landscape. Social support government initiatives accelerate digitalization Industry 4.0 implementation. Collaboration private organizations essential create policies practices facilitate broad participation programs. Policymakers must adopt proactive approach address issues related Internet accessibility, trade barriers, financing access resource reallocation. aim ensure high-quality affordable infrastructure, cultivate trust technologies equip skills. Originality/value provides valuable practitioners As contribution, study’s inform how better manage key resources GOC foster improve

Язык: Английский

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Social media adoption in smes sustainability: evidence from an emerging economy

Cogent Business & Management, Год журнала: 2023, Номер 10(1)

Опубликована: Фев. 26, 2023

Social media is constantly changing the business landscape across all economic sectors. Given this, small and medium enterprises (SMEs) are leveraging this to give their businesses a new trend. In emerging economies, however, rate of adoption integration social among appears have lagged due multitude factors. Drawing on technology organization environment (TOE) framework, purpose study was investigate factors affecting application impact SMEs' sustainability in Ghana's context. Data collected from 430 managers SMEs Ghana using structured questionnaire analyzed PLS-SEM. Findings revealed that cost-effectiveness, customer pressure, employees' competence, financial resource availability, leaders' support positively influence adoption, while also impacts SME firms' sustainability. A negative effect was, observed for like industry perceived complexity, relative advantage, compatibility. This contributes rising deployment by improve competitiveness. The implications research discussed.

Язык: Английский

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Digital transformation in an emerging economy: exploring organizational drivers

Cogent Social Sciences, Год журнала: 2024, Номер 10(1)

Опубликована: Янв. 30, 2024

While there is sufficient evidence from empirical studies that digital technologies are strategic resources for value creation, existing literature on the theme lacks general concepts explore an organization's concerning orientations and transformation initiatives. This study hence builds a resource-based view with orientation to conceptualize novel concept understand attitude toward innovation integration among firms in emerging developing country. tests new conceptual framework using survey data 472 employees of small-to-medium-sized service-based employing structural equation model analysis variance-based SEM approach. Our results showed IT infrastructural availability investment significant organizational drivers have direct relationship whereas competencies, management, knowledge not integration. More importantly, our findings advance firm's bring realms strategy closer together. The provides valuable insights management shareholders regarding specific affect adoption SMEs economies.

Язык: Английский

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Toward SMEs digital transformation success: a systematic literature review

Information Systems and e-Business Management, Год журнала: 2024, Номер unknown

Опубликована: Июль 24, 2024

Abstract The core success of digital transformation among small and medium enterprises (SMEs) still needs to be clarified comprehensively discussed. Meanwhile, SMEs cannot exploit advantages due their limited strategic empirical practical knowledge. This study aims (1) describe the research pattern in SME’s digitalization area; (2) identify factors SMEs' gain business success; (3) search for relevant aspects that are necessary SME transformation; (4) develop further agenda field SMEs’ transformation. uses a systematic literature review thematic analysis determine suggested by primary studies. suggests should consider baseline, limitation, idiosyncratic an aligned strategy; starting with incremental gradually improving digitalization; commit investing education continuous learning.

Язык: Английский

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Navigating Digital Transformation and Knowledge Structures: Insights for Small and Medium-Sized Enterprises

Journal of the Knowledge Economy, Год журнала: 2024, Номер unknown

Опубликована: Янв. 25, 2024

Abstract In today’s rapidly evolving business landscape, digital transformation has become synonymous with the strategic integration of cloud computing, mobile internet, social media, and big data. This paradigm shift reshaped traditional models, presenting organizational challenges opportunities. Small medium-sized enterprises (SMEs), in particular, face a unique set obstacles as they navigate complexities this revolution. research paper delves into intricacies within SME context. It acknowledges significance for enhancing core competencies sustainable development, emphasizing convergence strategy technological advancement. To provide comprehensive understanding, study employs bibliometric analysis using CiteSpace, shedding light on underappreciated procedures, steps, data related to SMEs’ transformation. A systematic literature review extracts theoretical framework, offering valuable insights guidance SMEs operating an increasingly digitalized environment. The contributes ongoing global discussion highlights differences similarities across various domains. identifies thematic clusters such “Digital SMEs,” “Industry 4.0,” “Adoption paths,” “Business model,” revealing trends, themes, shifts studying worldwide. provides synthesis previous accomplishments, implications academia practical managerial insights. emphasizes importance collaborative mechanisms networks, fostering knowledge exchange driving innovation field SMEs, both nationally internationally.

Язык: Английский

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