Since in the service sector 50% of employees in both the public and private sectors work under the distance work (teleworking) regime, companies are invited to redesign their workplaces for the post-Covid-19 era. Teleworking is a mainstream trend that will continue to exist after the end of the Covid-19 pandemic in companies operating in the …
Why Retail Success Is Based on Digital Transformation and Consumer Decryption
At the end of the Covid-19 era consumption will, to an exceptionally large extent, take place through online platforms for e-shops that will replace shopping streets and department stores through internet browsing. Essentially the consumption will be transferred in the context of satisfying the online purchases of this pleasant walk to the commercial department store. …
The Degree of Validity of Artificial Intelligence Systems Forecasts
As the application of artificial intelligence expands to support more and more critical decisions about the economy and society, the more concerns will grow as to whether the predictions of such systems are valid, impartial, and socially acceptable. The basis for the validity, reliability and acceptance of decisions based on artificial intelligence systems by Thanos …
The Criteria for Whether a Fiscal Adjustment Is Successful or Not
The term fiscal adjustment refers to all those policies implemented by a government to achieve a future stable economic orthodoxy, i.e. to improve the fiscal balance by drastically reducing the annual state budget deficits. The reduction of the state budget deficit must reach the level of 1.5% of GDP or 1.5% of GDP as a …
The Digital Transformation of Shipping Companies
As all sectors of the economy rapidly adapt to the digital future to gain a comparative advantage over their competitors, so the Shipping industry has slowly but steadily begun to adopt digital solutions and cutting-edge technology. This is evident in the construction of new ships, cyber security and the use of block chain technology to …
Factoring and Economic Growth
Factoring is a financial tool used by companies primarily to improve their liquidity, as it provides direct financing based on the volume of sales made by a business. Factoring is a relatively low-risk form of financing for both banks and businesses providing these services. In the UK factoring has another name i.e. receivable finance, invoice …
The Role of Internal Control in the Post-Covid-19 Era
To a significant extent, businesses have taken the right steps to limit as much as possible the negative effects during the Covid-19 pandemic in order to be able to cope with a changing and fluid environment of intense uncertainty that was occurring in front of them. These steps include: Accelerate the digital transformation of the …
The Vision and Direction of Digital Transformation for Banks
The post Covid-19 era has created new data where banks try in various ways through mainly reducing customer service costs and by offering new more profitable products and services. The core of the most necessary digital transformation is the change of mentality in terms of the type of financial contact and the bank-client relationship. The …
Τhe Role of the CFO in the Digital World of Business
Continuous digital upgrading in enterprises to be able to follow any developments in a fluid and ever-changing business environment forces both the financial departments of a company and their CFO to follow and adapt their services to new developments. What the CFO needs to do to succeed in its duties To respond to today’s developments, …
Supply Chain: Achievable Use Cases in SCOR Framework Areas
In the era of the Covid-19 pandemic, businesses are faced with an increasing degree of difficulty in achieving a high level of service combined with an efficient cost and resource utilization base. One solution is the increasing degree of digitisation of business operations and supply chains. This business strategy is based on a range of …