Research from Financial University under the Government of the Russian Federation Broadens Understanding of Risk Management (Transformation of Business Models of Russian Industrial Companies Under The Influence of Digital Technologies): Insurance – Risk Management

2023 NOV 27 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Fresh data on risk management are presented in a new report. According to news reporting originating from Financial University under the Government of the Russian Federation by NewsRx correspondents, research stated, “The article presents the results of the influence of digital technologies on the transformation of industrial companies’ business models and its analysis.”

The news correspondents obtained a quote from the research from Financial University under the Government of the Russian Federation: “The author has conducted a survey of industrial companies, at which point the most used advanced technologies are identified, the amount of investments and the investment pattern in digital transformation are analysed, as well as the purchase of foreign and domestic technologies, equipment and software by enterprises. The criteria for classifying digital business models used by production companies are formulated and two clusters are specified: platform-based business models and business models of ‘Factories of the future’. For the first time business models of digital transformation of companies in the Russian industry are specified: digital ecosystems, platforms for joint value co-creation, the introduction of a customising product, smart factory, remanufacturing and digital engineering. Digital transformation strategies used by industrial companies are specified for each cluster.”

According to the news reporters, the research concluded: “The characteristics of digital transformation strategies are determined and the distribution of the strategies over manufacturing sectors are carried out.”

For more information on this research see: Transformation of Business Models of Russian Industrial Companies Under The Influence of Digital Technologies. Strategiceskie rešenia i risk-menedžment, 2023,13(4):384-397. (Strategiceskie rešenia i risk-menedžment - http://www.jsdrm.ru). The publisher for Strategiceskie rešenia i risk-menedžment is Real Economics Publishing House.

A free version of this journal article is available at https://doi.org/10.17747/2618-947X-2022-4-384-397.

Our news editors report that more information may be obtained by contacting A. S. Karikova, Financial University under the Government of the Russian Federation (Moscow, Russia).

(Our reports deliver fact-based news of research and discoveries from around the world.)