Articles in English
The Successful Business Magazine is publishing a renewed set of propositions (released in December 2020), calling for immediate action to Restart Cyprus: Now. We have prepared a summary of the report. You may find the full version on www.pwc.com.cy. PUBLIC SECTOR REFORM.  1. Modernise the public administration to achieve efficiency and effectiveness.  Proceed with horizontal reforms in human resource management of the public sector. The civil service needs to shift away from traditional people management practices to attract needed talent and…
2021 continues the new era of social distancing and remote communication. Reliance on technology keeps increasing in both professional and personal contexts. With the help of AI-driven technologies, the line between physical space and virtual will forever be blurred. Products traditionally sold offline, in 2020 were increasingly selling online. As companies strived to find new ways of delivering service to customers amid lockdowns, they began to consider how to deliver some of the services through virtual interfaces, using technology such…
According to www.fintechfutures.com, the following trends will play an important role in the nearest future. 1. CUSTOMER-CENTRIC APPLICATIONS The proliferation of fintech solutions has brought customers to the forefront of every financial organisation’s thoughts. Where the financial industry once designed processes and applications to suit their own needs, today they must focus on delivering a high-quality customer experience if they want to remain competitive in a crowded marketplace. Eliminating manual processes, cutting down on external software dependencies, and automating routine…
Successful Business offers to its readers an overview of the trends that are expected to change the banking industry landscapes in 2021. NEW TECHNOLOGIES ACCELERATE THE DIGITAL BANKING REVOLUTION Kanika Hope, Global Strategic, Business Development Director, Temenos This year’s Economist Intelligence Unit (EIU)’s report “Forging new frontiers: advanced technologies will revolutionise banking” based on a global survey of over 300 senior banking executives, highlights the role of new technologies in driving the digital transformation of banks in the coming years…
The new bill on Blockchain technology, two solutions for e-justice, management of governmental microservices, introduction of digital culture, and many other new and important subjects were discussed during the interview with Kyriakos Kokkinos, Deputy Minister to the President of Cyprus for Research, Innovation & Digital Policy. My first question would be about the year 2020 – the first year for the Deputy Ministry. I would like you to present an outlook, an overview of the most important achievements the ministry…
As someone with a keen interest in the business management science, I always keep an eye on the latest decision-making theories. Simply speaking, making a decision is rarely easy. Or at least if we are talking of a good decision. To make a good decision, we need to be able to collect, interpret and analyse a load of information, and at the same time not to lose track of our goals. Management education is dedicated to this purpose of improving…
The explosive growth of digital technologies is spurring debates in the areas of data privacy and security. Despite the accelerating regulatory environments, it is only the tip of the privacy iceberg, both from a regulatory and consumer standpoint. Three aspects come to the forefront. The first is the privacy-enhancing technology that provides a trusted environment in which sensitive data can be processed or analysed. The second performs processing and analytics in a decentralised manner. The third encrypts data and algorithms…