Bìznes Inform (Jul 2023)
The Impact of Digital Transformation on the Formation of the Enterprise’s Economic Security System
Abstract
The article is aimed at studying the features of formation of the system of economic security of enterprise, taking into account the risks that arise under conditions of digital transformation. When analyzing, systematizing and generalizing scientific works of many domestic and foreign scholars, the features of the digital transformation of the enterprise and its impact on the components of the overall system of economic security of the enterprise were considered in detail. As result of the study, the main problems and risks faced by the majority of enterprises in the process of digital transformation were identified and summarized, in particular, the following groups were allocated: technological, operational, managerial, financial and risks to privacy. The negative impact of the novel risks associated with digital transformation on the financial, technological, informational, personnel, and intellectual subsystems of the general system of economic security of enterprise is determined. It is substantiated that the effects of materialization of new risks can be destructive in relation to the activities of the entire economic entity and lead to significant financial, economic and organizational losses of enterprise. The step-by-step risk management in the system of economic security of enterprises undergoing digital transformation has been proposed, which includes: identification and diagnosis of further risks; risk optimization; monitoring of the state of economic security of the enterprise. In order to ensure the normal functioning and also to minimize the effect of negative factors and risks of digital transformation, the following proposals are formed: introduction and use of an integrated automated system of management and rationalization of business processes; use of cloud computing and SaaS solutions; development of necessary materials for staff training; use of new information-communicative and analytical technologies; ensuring investment in the development of digital skills; concluding agreements with technology partners; development of a culture of innovation and adaptability. Prospects for further research in this direction are the definition and quantitative assessment of the impact of digital transformation on the system of economic security of enterprise, as well as the development of approaches to managing a new system of economic security based on the use of the latest technologies of artificial intelligence and digitalization of business processes.
Keywords
