Features of testing in the financial sphere in the EMEA region 

Digital transformation, what is it?

By digital transformation, we usually mean the automation of processes that are routine and require significant effort.

Advantages and disadvantages of digital transformation.

A significant advantage is the reduction of bureaucratic costs (both time and money).

An important positive point is the prevention of the growth of corruption, which is associated with a reduction in the impact on the processes of the “human factor”.

The undoubted positive point is the greater availability and openness of data, which is due to a more transparent organization of all processes.

From the advantages, as always, there are disadvantages.

Namely, security also suffers due to greater openness and availability of data. This is an unpleasant side effect of the digital transformation process.

Due to the fact that digital transformation optimizes, above all, routine processes, we are faced with insufficient flexibility of processes, due to the clear algorithmization of programs.

The modern world and digital transformation

Knowing all the advantages and disadvantages of digital transformation, we can unanimously say that the modern world can not be imagined without this process, which is gaining momentum every year. If you want to find out more about IT, click here.

The onset of the COVID-19 pandemic has accelerated the digital transformation process. To prevent bankruptcies in many industries, most countries have realized more than ever the importance of digital transformation in all walks of life. Understanding this need has helped to solve current problems and issues, and should serve as a safeguard for the future.

To date, most countries in the EMEA region have established programs for the development of digital transformation at the state level, consolidating the necessary powers and functions for certain departments in the government. Thus, the development of this industry is an irreversible process, without which the modern future of any state is impossible.

The purpose of digital transformation is to bring all public services to people online, provide almost all institutions, with high-speed Internet, and integrate a significant number of citizens in the development of digital integration, increasing the share of information technology in gross domestic product. Here we recommend you use Managed Testing services by U-tor. 

For the countries of the EMEA region, all the announced goals and vectors of development are very important and priority areas.

What was and what awaits the country in the field of information transformation.

Yesterday we were amazed and delighted by such latest technologies such as high-speed Internet, smartphone, cloud media, personal computers, social networks, etc. Today, we are constantly surrounded by such familiar things: smart homes, nanotechnology, guided drones, smart cars, wearable gadgets, and sensors.

Looking to the future, it is quite clear that we will be surrounded by discoveries and achievements against the background of implantation, robotics, artificial intelligence, energy and alternative fuels, cryptocurrency market, printing press, etc.

What hinders the successful implementation of digital transformation and successful integration into the economy of any country.

Countries that are at the very beginning of this path face obstacles to a greater extent. However, we note the most common aspects of this problem.

-an imperfect system of data collection, storage, and processing at various industry levels

-an imperfect system of protection of rights (we are talking about the intellectual property)

-imperfection of security systems, which raises the issue of security in the world of digital technologies

-preparation of society for rapid change in this area (it is about the qualifications of people, the availability of sufficient experience, and sometimes the desire of an individual citizen

meet the needs of the modern world of technology)

Thus, digitalization is a continuously and rapidly gaining process. This will give us in the future the opportunity for more effective governance in society, and significantly expand access to medical services, education, banking, and more. It will allow optimizing most routine processes in the future, which will affect the cost of services, their optimization, and availability. It will make governance processes more transparent, preventing corruption at all levels of government.

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