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All Journal Technomedia Journal Aptisi Transactions on Management Startupreneur Business Digital (SABDA Journal) International Transactions on Education Technology (ITEE) Blockchain Frontier Technology (BFRONT) Journal of Computer Science and Technology Application
Bennet, Daniel
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Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Library & Information Science Social Sciences Other

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Journal : Aptisi Transactions on Management

 1 
Navigating the Challenges of Digital Transformation in Traditional Organization Maratis, Jerry; Ramadan, Ahmad; Rahmania Az Zahra, Achani; Ahsanitaqwim, Ridhuan; Bennet, Daniel
APTISI Transactions on Management (ATM) Vol 8 No 3 (2024): ATM (APTISI Transactions on Management: September)
Publisher : Pandawan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33050/atm.v8i3.2349

Abstract

Digital transformation has become a critical strategy for traditional organiza- tions to maintain competitiveness in an increasingly technology-driven market. Technologies such as fintech, blockchain, artificial intelligence (AI), and cloud computing have significantly reshaped operational efficiency and customer en- gagement within these organizations. However, traditional organizations, characterized by their legacy systems and hierarchical structures, encounter various challenges in adopting these technologies. This study primarily aims to explore the key barriers that hinder digital transformation in traditional organizations and to propose effective strategies for overcoming these challenges. Utilizing a comprehensive literature review from 2018 to 2023, this research examines key studies on digital transformation in traditional business contexts. The find- ings reveal major challenges, including organizational inertia, skills gaps, de- pendency on outdated systems, and leadership deficiencies. To address these barriers, the study proposes strategies such as leadership development, work- force retraining, and investment in modern digital infrastructure. The results suggest that successful digital transformation requires a multifaceted approach, aligning technological adoption with organizational culture and sustainability goals. This research provides valuable insights for traditional organizations nav- igating the complexities of digital transformation.
Risk Management Strategies in Blockchain Adoption within Financial Institutions Analyzing Challenges and Opportunities Dewi, Susanti; Firasati, Aoliyah; Sitoayu, Laras; Bennet, Daniel
APTISI Transactions on Management (ATM) Vol 9 No 1 (2025): ATM (APTISI Transactions on Management: January)
Publisher : Pandawan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33050/atm.v9i1.2393

Abstract

The integration of blockchain technology in financial institutions has introduced both groundbreaking opportunities and significant risks, necessitating a comprehensive approach to risk management. Blockchain’s potential to enhance transparency, security, and efficiency in financial processes makes it an attractive technology for financial institutions. However, issues like regulatory uncertainty, data privacy, and technological readiness present unique challenges. This study aims to identify, evaluate, and provide insights into the primary risks associated with blockchain implementation in financial institutions, focusing on both challenges and opportunities to aid in effective risk management. Using the Structural Equation Modeling (SEM) technique with Partial Least Squares (PLS), also known as SmartPLS, this study examines data collected from financial industry stakeholders, including risk managers and IT experts. Variables assessed include data security, regulatory compliance, and technological infrastructure, allowing for a nuanced understanding of the risk dynamics within blockchain adoption. The analysis reveals that data security risks and regulatory concerns significantly impact blockchain implementation success, while technological readiness serves as a moderating factor, influencing the ease of adoption and operational success. Findings underscore the need for a balanced approach to blockchain integration in financial services, where risk management strategies address both regulatory and technological challenges. By identifying these core risks and their implications, this study contributes to the body of knowledge on blockchain risk management and offers practical recommendations for financial institutions aiming to adopt blockchain effectively while minimizing associated risks.
Co-Authors Ahsanitaqwim, Ridhuan Alwiyah Alwiyah Anjani, Sheila Aulia Aoliyah Firasati Bangun, Cicilia Sriliasta Daeli, Ora Pertiwi Dewi, Susanti Handra, Tessa Jati Kusumo, Ariya Maratis, Jerry Martono, Dedi Mulyati Mustofa, Kenny Ilyas Po Abas Sunarya Purnama, Suryani Rahmania Az Zahra, Achani Ramadan, Ahmad Santoso, Nuke Puji Lestari Saputra, Achmad Hidayat Dwi Sitoayu, Laras Untung Rahardja Victorianda Windiartono Putra, Souza Nurafrianto