The relationship between smart digitization applications and financial decisions in the presence of cloud computing - an applied study in a sample of Iraqi banks
DOI:
https://doi.org/10.31272/jae.i138.1103Keywords:
smart digitization applications, financial decisions, cloud computingAbstract
Financial decisions are by their nature very complex, as a poor organization and the increasing volume of data require scientific analysis and smart systems and technologies are well suited to this type of challenge, including smart digitization techniques and cloud computing in supporting these decisions. The research problem is embodied in an attempt to find out whether the Iraqi private banks under study are actually testing cloud solutions as a way to reduce information technology costs and the suitability of smart digital applications (components of smart digitization, electronic payment systems, information systems applications, and digital archiving) for making financial decisions. The banking sector is represented by the dimensions (finance, investment, and profit divider) with the presence of cloud computing represented by the dimensions (public, private, community, and hybrid cloud).
In this research, the analytical descriptive approach was adopted by employing the questionnaire as a tool to collect information on the study sample, which consists of (203) individuals working in the Iraqi banks under study, which are (12) Iraqi private banks, where the statistical program was employed (Stata v.17) to extract results. Among the most important conclusions obtained is the existence of a statistically significant correlation between smart digitization applications and financial decisions in banks with the presence of cloud computing. However, Iraqi institutions still need a lot of time to educate their relevant employees about the benefits and risks of cloud computing and ways to apply it.
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