The Impact of Digital Business on Corporate Financial Performance

Digital Business &
New Technologies
(The impact of digital business on the
corporate financial performance)

Table of Contents
Introduction......................................................................................................................................1
Part 1................................................................................................................................................1
Why is this topic important....................................................................................................1
How has topic developed........................................................................................................1
A detailed description of the technology used in this topic and what it is used for...............2
What technological platforms and software are used in the topic..........................................2
What type of business and organisation uses the technology.................................................2
How is it used as business tool and is this effective...............................................................3
Part 2................................................................................................................................................3
Theories, models and concepts of digital technology............................................................3
Impact of digital technology on an industry...........................................................................4
Conclusion.......................................................................................................................................5
References........................................................................................................................................6

Introduction
The topic chosen for the current report is based on the “The impact of digital business on
the corporate financial performance”. Financial industry in UK is chosen to undertake the current
report for better analysis of the digital business and its financial performance while adopting the
emerging technologies within an organization. Technology used is the Hybrid cloud servers and
cybersecurity in the digital financial businesses. The following discussion is based on the
importance and development of topic chosen along with the technological platforms used in the
financial business as an effective tool. Moreover, theories and its impact of finance industry is
also discussed.
Part 1
Why is this topic important
The impact of digital business on the corporate financial performance is important
because digital business uses several emerging technologies which directly affects the profits of
the organization. The reason being is that technologies such as hybrid cloud servers and cyber
security are taking the finance industry up to the next level of its operations and strong security
of its financial information in a more potential manner. That is why this topic is deemed to be of
importance. There is a positive impact of digitalization of business on the financial performances
of the firm because it provides accuracy and improved productivity or strategic decision making
process which ultimately benefits the industry in the generations of their sales, revenues and
profits (Ukko, Nasiri, Saunila and Rantala, 2019).
How has topic developed
This topic is developed due to several reasons. Such as when the business were operating
in a traditional manner, they were facing the problem of accuracy and fast working of the
company and also the security of the data was the major concerns. Finance industry stores big
amount of data and personal records of various clients which incudes the private credentials of
the customers as well. Is this type of data is leaked the the company can suffer the great loses and
the bad reputation in the market place. Therefore, due to all such reasons, development of such
topic is emerged in order to take out the solutions of the problems faced by the finance industry.
Hybrid cloud servers and cybersecurity are the important technologies which must be used by the
1