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This paper delves into the integration of Intelligent Process Automation within the domain of business continuity auditing, with a focus on the Portuguese banking sector. In an era marked by rapid technological advancement, organizations are increasingly leveraging automation to reinforce operational efficiency and realize substantial cost savings. Concurrently, auditors play a pivotal role in ensuring seamless transitions amid technological transformations to safeguard business continuity. This research endeavors to bridge the realms of business continuity and intelligent automation, culminating in a comprehensive application that streamlines the audit process. The implemented solution encompasses the automation of critical audit activities, including communication, information requests, and final report submissions, liberating auditors from the chains of repetitive tasks. The incorporation of business intelligence augments this automation framework, enabling a meticulous analysis of key performance indicators within the audit department. This ensures a continuous evaluation of the efficacy of the Annual Audit Plan. Empirical validation of this initiative was achieved through surveys conducted with audit teams from four prominent Portuguese banks. The results unequivocally affirm the potential benefits of this implementation, extending invaluable support to management in the decision-making process, while concurrently alleviating auditors of routine tasks inherent to the audit process. This study not only underscores the transformative potential of intelligent process automation in the audit domain but also offers a replicable framework for organizations seeking to fortify their business continuity efforts through technological integration. The findings hold implications for businesses navigating the dynamic intersection of technology and audit practices, providing a blueprint for harnessing automation for enhanced operational resilience. [ABSTRACT FROM AUTHOR]

This study aims to investigate the factors of renewable energy consumption in the fifth Technology Revolution with specific evidence from ASEAN countries. The study applies an autoregressive distributed lag (ARDL) approach. The paper also uses the unrestricted fixed and random panel data methods. The manuscript identifies significant factors such as technological innovation, governmental policies, public awareness, electricity consumption, country population, foreign direct investment inflows, imports, exports, and economic growth that have influenced the renewable energy sector in these nations. This study also investigates the determinants that influence renewable energy in the context of international integration and the fifth technology revolution in ASEAN countries. The research analyzes data spanning two decades, from 2000 to 2022, through a combination of econometric modeling and machine learning techniques. Preliminary findings indicate that technological innovation, government policies, and public awareness significantly affect renewable energy consumption in these countries. The empirical results offer insights for policymakers and stakeholders in leveraging technological advancements for sustainable energy development. The findings from this study on the determinants of renewable consumption in the context of the Fifth Technology Revolution in ASEAN countries also have several important policy implications for the sustainable development goal. • This study aims to investigate the factors of renewable energy consumption in the fifth Technology Revolution. • The study uses panel data analysis, and the paper identifies significant factors that have influenced the renewable energy sector. [ABSTRACT FROM AUTHOR]

Sharia accounting has undergone significant development along with the advancement of technological innovation and dynamics in the Islamic business world. The purpose of this study is to investigate and review the literature on sharia accounting and financial innovation to identify relevant sharia accounting models to be developed that can be integrated with financial innovation. This study also provides suggestions for future sharia accounting research. The method used in this research is a systematic literature review method that involves the analysis and synthesis of relevant literature. The findings of this study indicate that the development of an sharia accounting model in the perspective of financial innovation, makes sharia accounting more competitive, by offering fast and accurate preparation and presentation of financial statements, improving the operational efficiency of Islamic business entities, especially SMEs, in terms of financial reporting, compliance with sharia principles, and meeting the organization's social obligations. This research provides a positive contribution for policy makers such as regulators and investors in making policies, making regulations and preparing infrastructure that can support the development of sharia accounting models in the future. The limitation of this research is that the design is still qualitative so that it still requires more comprehensive and practical analysis, and encourages further research involving wider variables, such as the quality of human resources, Islamic financial inclusion and literacy, and the role of the government in strengthening the development of sharia accounting based on financial innovation. [Display omitted] [ABSTRACT FROM AUTHOR]

The empowerment of small and medium economic enterprises will drive economic growth. The purpose of this study is to analyze (1) how economic growth works as a determinant of increasing the productivity of small and medium enterprises; (2) the influence of government policies, business capital support, and the strengthening of human resource capacity on the development of small and medium enterprises (SMEs); and (3) strategies to increase business productivity and the sustainability of SMEs. We used a sequential explanatory design, which is a combination of quantitative and qualitative research, and data were obtained through observation, in-depth interviews, surveys, and documentation. The results of the study indicate that economic growth coupled with technological innovation will boost the productivity of economic enterprises and increase people's welfare. Government policies, business capital support, and human resource capacity strengthening simultaneously have a positive effect on the development of SMEs, with a determination coefficient of 97.6%. Based on the results of this study, an economic growth strategy based on technological innovation is recommended for government decision making as an effort to increase the productivity of community economic enterprises in Makassar City, Indonesia. [ABSTRACT FROM AUTHOR]

Western economies nowadays are confronted with a predicted productivity slowdown resulting in diminishing rates of economic growth. While some scholars see these developments as an indication of the approaching end of growth due to fully exploited technological opportunities, this article contends that the possibilities for radical, paradigm changing innovations are far from being exploited. Building on contributions from Schumpeter and Georgescu-Roegen, we argue that the human capacity to expand technological and intellectual frontiers must not be underestimated. In a selective retrospect, our narrative identifies and describes four historical incidents reflecting different perceptions of the power of the human mind. It synthesizes the mentioned economists' viewpoints with the effects of these incidents to reproduce the intellectual roots of the recently developed concept of Dedicated Innovation Systems (DIS).We conclude that traditional macro-level indicators are not suitable to capture transformation processes, which is why we propose to interpret growth indicators and the alleged productivity slowdown quite differently. We argue that human ingenuity and transformation processes dedicated to sustainability will open up new opportunity spaces, thereby combining an increase in economic welfare and social justice with a reduction of negative environmental impact. [ABSTRACT FROM AUTHOR]

The wire and cable market has experienced a significant upsurge in demand, driven by its integration with industries such as electronics, telecommunications, infrastructure construction, and electronic equipment manufacturing. This study aims to investigate the linkages between investment decisions, open innovation practices, and firm performance in Vietnam's wire and cable market. In this study, Data Envelopment Analysis (DEA) models, specifically the super-slacks-based measures (Super-SBM) and the Malmquist index, were applied to evaluate the profitable efficiency, position, technical innovation, and technological innovation of the top ten wire and cable firms in Vietnam from 2017 to 2020. The main results revealed that EC-07 emerged as the most efficient firm in terms of overall efficiency, while EC-04 and EC-05 exhibited substantial potential for development. Moreover, the key findings identified a critical gap in the area of technical and technological innovation, which hampers the continuous advancement of technical capabilities and overall productivity improvement in this industry. Therefore, the outcomes of this study have practical implications for enterprises in Vietnam's wire and cable market, offering insights to improve their innovative skills, cost reduction efforts, and overall profitability. The study underscores the importance of integrating open innovation practices into investment decisions as a means to enhance business performance, including the enhancement of innovative capabilities, cost reduction, and profit maximization. Furthermore, the findings of this study provide valuable insights for policymakers and regulators, offering a deeper understanding of the influence of open innovation and investment decisions on Vietnam's economic development, particularly leveraging these insights to support the growth and development of Vietnam's wire and cable industry. [ABSTRACT FROM AUTHOR]

Innovation is critical to technological progress and has many theories to explain its processes. Organised competition has been shown empirically to provide an alternative pathway for innovation within an industry, increasing innovation rates and radicalness. This research introduces and develops the new staged competition innovation theory which builds on the well-understood diffusion of innovation theory and the Technology–Organisation–Environment framework to explain how decision-making and technological, organisational, and environmental characteristics of industry-based competition can drive innovation activity. The new theory comprises three principles that demonstrate how a well-designed staged competition provides: (1) a unique innovation mechanism away from parent industry constraints, (2) a unique agile environment that can increase innovation development, and (3) a return pathway for adoption back to the parent industry. Principle 2 addresses the specific competition environment criteria required to drive innovation, beginning with a co-dependency between organiser and teams in providing team confidence and a mutually beneficial outcome for both parties. Relative advantage drives teams to innovate by generating competitive pressure, while a variable solution space due to competition specific rules and competition brief clarity direct innovation efforts. Finally, competition repetition provides ongoing innovation transfer between teams within the competition and to the parent industry. [ABSTRACT FROM AUTHOR]

Over the past few years, the internet and omni-channel domains have created a new economy that is growing rapidly and shifting the way in which businesses operate due to the influence of technological advancements and innovations. Now customers are embracing technology more than ever, user experience is becoming a crucial factor of the customer journey and remaining competitive in any industry is becoming increasingly difficult due to this. These changes have forced many businesses to rethink their presence, whether this is physically or digitally. In order to gain an understanding of how this should be approached, this paper focuses on demonstrating a critical understanding of innovation theories and concepts, which are utilised to enhance value for business. As well as this, web-based technologies and User Experience (UX) principles will be outlined and applied in order to create an online presence for a prototype supermarket, which will be then be reflected upon against PESTLE factors. From this, an innovative strategy will be formulated and evaluated for a new technology-based product/venture. [ABSTRACT FROM AUTHOR]

In the era of economic globalization, small and medium enterprises (SMEs) are recognized as an engine of sustainable economic development in both the developed and developing world. In literature, three competitive challenges—the sustainability challenge, the global challenge and the technological challenge—faced by industrial entities in the current globalized economy, are categorized. Of them, this paper undertakes a systemic review of the literature covering the theme of SMEs and technology in order to identify how technological progress in the SMEs, correlates with SMEs survival improvement in the global competition. The review identified six driving forces—social capital, link with Multi-National Corporations (MNCs) and Transnational Corporations (TNCs), innovation, sharing and networking, information technology, and adoption of productivity-enhancing technology—influencing technological upgrade in the SMEs. The review also identified two conditions for successful technological adaptation in the SME sector—availability of technologically skillful workforce in the economy, and identification of opportunities of new technologies in the competition. These conditions could be viewed in the macro environment and emphasize the need for the economies' readiness towards SMEs' success. [ABSTRACT FROM AUTHOR]