Sustainable Digital Transformation of Disaster Risk—Integrating New Types of Digital Social Vulnerability and Interdependencies with Critical Infrastructure

Digital transformation challenges in sustainable financial service systems using novel interval-valued Pythagorean fuzzy double normalization-based multiple aggregation approach

Recently, financial service systems have had essential impacts on public policies, the economic performance of firms, and all forms of industry and commerce. These systems play an important role in determining whether a society (which includes a wide range of members, from governmental institutions to individual consumers) has been successfully considered an environmentally sustainable path. The literature shows that the people who work in the financial sector are mostly unaware of the pressure and rationale behind sustainable development and its bearing on their work; however, those who work in the relevant research and policy areas generally ignore the vitality of the role of the financial sector in such a development. The study of interval-valued Pythagorean fuzzy sets (IVPFSs) indicates an urge for a decision approach to implementing the available information for rational decisions properly. Inspired by the advantage of IVPFSs, an extended decision methodology called the IVPF rank-sum weighting method (RSWM)-double normalization-based multi-aggregation (DNMA) is discussed. In this line, the IVPF-RSWM is applied to find the subjective weights of digital transformation challenges of sustainable financial service systems (SFSS), and the DNMA framework is developed to obtain the preferences of SFSSs in the banking sector. A case study to assess the main digital transformation challenges in SFSSs of the banking sector is undertaken. Further, comparison and sensitivity investigations are taken to illustrate the advantage of the presented approach.

A Framework for Scaling Urban Transformative Resilience Through Utilizing Volunteered Geographic Information

Resilience in the urban context can be described as a continuum of absorptive, adaptive, and transformative capacities. The need to move toward a sustainable future and bounce forward after any disruption has led recent urban resilience initiatives to engage with the concept of transformative resilience when and where conventional and top-down resilience initiatives are less likely to deliver effective strategies, plans, and implementable actions. Transformative resilience pathways emphasize the importance of reflexive governance, inclusive co-creation of knowledge, innovative and collaborative learning, and self-organizing processes. To support these transformative pathways, considering techno-social co-evolution and digital transformation, using new data sources such as Volunteered Geographic Information (VGI) and crowdsourcing are being promoted. However, a literature review on VGI and transformative resilience reveals that a comprehensive understanding of the complexities and capacities of utilizing VGI for transformative resilience is lacking. Therefore, based on a qualitative content analysis of available resources, this paper explores the key aspects of using VGI for transformative resilience and proposes a comprehensive framework structured around the identified legal, institutional, social, economic, and technical aspects to formalize the process of adopting VGI in transformative resilience initiatives.

The Degree of Contribution of Digital Transformation Technology on Company Sustainability Areas

The impact of new digital technologies creates challenges for the digital transformation process in company sustainability areas. The purpose of this study was to determine the degree of contribution of digital-transformation-enabling technologies to company sustainability areas of three pulp and paper manufacturing companies in Brazil and relate it to the UN Sustainable Development Goals (SDGs). Through a systematic literature review based on the PRISMA method, we sought to assess the key concepts of sustainability and the implementation of digital transformation (DT) through its enabling digital technologies. A field study was conducted in three Brazilian pulp and paper companies to assess the degree of contribution. They are leading companies in the paper and cellulose industry in Brazil. The results obtained indicate that the companies in this sample are still in a growth process regarding the use of digital technologies in their sustainability areas. Only one digital technology, cloud computing, appears relevant in one of the companies studied, which differs from the theoretical framework presented by the literature. To achieve the SDGs goals, countries, especially emerging ones, need to develop their technologies and their business and improve the results that relate to sustainability. The research method applied in this study can be replicated to other companies where the impact of digital transformation technologies on company sustainability is critical.

COVID-19 and Beyond: Employee Perceptions of the Efficiency of Teleworking and Its Cybersecurity Implications

The main idea of this research is to examine how teleworking has affected employee perceptions of organizational efficiency and cybersecurity before and during the COVID-19 pandemic. The research is based on an analytical and empirical approach. The starting point of the research is a critical and comprehensive analysis of the relevant literature regarding the efficiency of organizations due to teleworking, digital information security, and cyber risk management. The quantitative approach is based on designing a structural equation model (SEM) on a sample of 1101 respondents from the category of employees in Montenegro. Within the model, we examine simultaneously the impact of their perceptions on the risks of teleworking, changes in cyber-attacks during teleworking, organizations’ capacity to respond to cyber-attacks, key challenges in achieving an adequate response to cyber-attacks, as well as perceptions of key challenges related to cybersecurity. The empirical aspects of our study involve constructing latent variables that correspond to different elements of employee perception; namely, their perception of organizational efficiency and the extent to which the digital information security of their organizations has been threatened during teleworking during the pandemic.

Digital Transformation in Banking: A Managerial Perspective on Barriers to Change

The digitalisation of banks is seen as the omnipresent challenge which the banking industry is currently facing. In this digital change process, banks are facing disruptive innovation that requires adaptation of almost all cooperative processes. Digital transformation in the financial industry is associated with obstacles that seem to hinder smooth implementation of digital approaches. This issue has not been adequately addressed in the current academic literature. The main purpose of this qualitative exploratory study is to identify the main perceived obstacles to digital transformation in both the private and commercial banking sectors from a managerial point of view and to analyse them accordingly. The methodology is based on a methodological approach using a combination of contextual interviews with German board members of banks, inductive content analysis, and the exploration of best-practice approaches. The findings revealed that elements of strategy and management, technology and regulation, customers, and employees receive a high level of attention within the digital transformation. The other main barriers can be found in the areas of market knowledge and products, employee and customer participation, and public benefit. Each main barrier is characterised by several sub-barriers of varying importance for the digital transformation of banks and is described in detail.