Management of digital business transformation

The article analyzes the importance of digital transformation as an integral part of modern business and the role of effective change management in its implementation. Digital transformation is radically changing traditional business models, creating new opportunities for growth, adapting to rapid t...

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Main Authors: Maksym Babenko, Tetyana Novikova, Olena Khrystoforova, Timur Malafieiev
Format: Article
Language:English
Published: V. N. Karazin Kharkiv National University 2025-04-01
Series:Фінансово-кредитні системи: перспективи розвитку.
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Online Access:https://periodicals.karazin.ua/fcs/article/view/26377
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author Maksym Babenko
Tetyana Novikova
Olena Khrystoforova
Timur Malafieiev
author_facet Maksym Babenko
Tetyana Novikova
Olena Khrystoforova
Timur Malafieiev
author_sort Maksym Babenko
collection DOAJ
description The article analyzes the importance of digital transformation as an integral part of modern business and the role of effective change management in its implementation. Digital transformation is radically changing traditional business models, creating new opportunities for growth, adapting to rapid technological change, and securing competitive advantages in the digital economy. The success of such transformations largely depends on change management, which helps organizations to smoothly integrate innovations, adapt staff to new approaches, and maintain corporate culture.  The article discusses in detail the main aspects of digital transformation, including the impact of digital technologies on business efficiency, increasing customer focus and process optimization. The article highlights modern approaches to change management, such as creating leadership teams, staff training, developing digital skills, and implementing analytical solutions. Examples of successful cases of digital strategies implementation are provided, which demonstrate the positive impact of transformation initiatives on the market positions of companies.
format Article
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institution DOAJ
issn 2786-4995
2786-5002
language English
publishDate 2025-04-01
publisher V. N. Karazin Kharkiv National University
record_format Article
series Фінансово-кредитні системи: перспективи розвитку.
spelling doaj-art-500771d2b91148ab861a1e33e82d90ca2025-08-20T03:20:58ZengV. N. Karazin Kharkiv National UniversityФінансово-кредитні системи: перспективи розвитку.2786-49952786-50022025-04-0111615016310.26565/2786-4995-2025-1-1226377Management of digital business transformationMaksym Babenko0Tetyana Novikova1Olena Khrystoforova2Timur Malafieiev3V. N. Karazin Kharkiv National UniversityV. N. Karazin Kharkiv National UniversityV. N. Karazin Kharkiv National UniversityV. N. Karazin Kharkiv National UniversityThe article analyzes the importance of digital transformation as an integral part of modern business and the role of effective change management in its implementation. Digital transformation is radically changing traditional business models, creating new opportunities for growth, adapting to rapid technological change, and securing competitive advantages in the digital economy. The success of such transformations largely depends on change management, which helps organizations to smoothly integrate innovations, adapt staff to new approaches, and maintain corporate culture.  The article discusses in detail the main aspects of digital transformation, including the impact of digital technologies on business efficiency, increasing customer focus and process optimization. The article highlights modern approaches to change management, such as creating leadership teams, staff training, developing digital skills, and implementing analytical solutions. Examples of successful cases of digital strategies implementation are provided, which demonstrate the positive impact of transformation initiatives on the market positions of companies.https://periodicals.karazin.ua/fcs/article/view/26377digital transformationinnovationdigital technologiescustomer experiencecultural changeartificial intelligencedata analyticsblockchaininternet of things (iot)production efficiencyleadershiporganization adaptationstaff trainingchange management
spellingShingle Maksym Babenko
Tetyana Novikova
Olena Khrystoforova
Timur Malafieiev
Management of digital business transformation
Фінансово-кредитні системи: перспективи розвитку.
digital transformation
innovation
digital technologies
customer experience
cultural change
artificial intelligence
data analytics
blockchain
internet of things (iot)
production efficiency
leadership
organization adaptation
staff training
change management
title Management of digital business transformation
title_full Management of digital business transformation
title_fullStr Management of digital business transformation
title_full_unstemmed Management of digital business transformation
title_short Management of digital business transformation
title_sort management of digital business transformation
topic digital transformation
innovation
digital technologies
customer experience
cultural change
artificial intelligence
data analytics
blockchain
internet of things (iot)
production efficiency
leadership
organization adaptation
staff training
change management
url https://periodicals.karazin.ua/fcs/article/view/26377
work_keys_str_mv AT maksymbabenko managementofdigitalbusinesstransformation
AT tetyananovikova managementofdigitalbusinesstransformation
AT olenakhrystoforova managementofdigitalbusinesstransformation
AT timurmalafieiev managementofdigitalbusinesstransformation