The Strategic Tech Horizons: A Comprehensive SWOT Analysis of Organizational Technology Integration
Keywords:
Technology Integration, Digital Banking, Fintech Partnerships, CybersecurityAbstract
This article conducts a comprehensive SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis focused on the strategic integration of technology within Bank BJB, Garut. The strengths identified include the bank's established local presence, a robust customer base, and a strong financial position. However, the analysis reveals weaknesses, including limited experience in digital banking, reliance on traditional processes, and potential resistance to change. Opportunities lie in the growing demand for digital banking services, collaborative partnerships with fintech companies, and regulatory support for technological advancements. On the flip side, the bank faces threats such as intense competition from national and global banks, cybersecurity risks, and the risk of rapid technological obsolescence. The discussion emphasizes the need for strategic initiatives to capitalize on strengths, address weaknesses, seize opportunities, and mitigate threats. In conclusion, recommendations are provided, urging Bank BJB to invest in digital literacy, establish strategic fintech partnerships, fortify cybersecurity measures, and foster a culture of innovation to navigate the dynamic landscape of technology integration successfully.
Downloads
References
Abujaber, A. A., Abd-alrazaq, A., Al-Qudimat, A. R., & Nashwan, A. J. (2023). A Strengths, Weaknesses, Opportunities, and Threats (SWOT) Analysis of ChatGPT Integration in Nursing Education: A Narrative Review. Cureus, 15(11). https://doi.org/10.7759/cureus.48643
Agustian, K., Pohan, A., Zen, A., Wiwin, W., & Malik, A. J. (2023). Human Resource Management Strategies in Achieving Competitive Advantage in Business Administration. Journal of Contemporary Administration and Management (ADMAN), 1(2), 108–117. https://doi.org/10.61100/adman.v1i2.53
Ali, M. Y., Naeem, S. Bin, Bhatti, R., & Richardson, J. (2022). Artificial intelligence application in university libraries of Pakistan: SWOT analysis and implications. Global Knowledge, Memory and Communication. https://doi.org/10.1108/GKMC-12-2021-0203
Asomah, R. K., Agyei, D. D., & Assamah, G. (2022). A SWOT Analysis of E-Learning Integration in University of Cape Coast. European Journal of Education and Pedagogy, 3(4), 1–8. https://doi.org/10.24018/ejedu.2022.3.4.373
Babu, S., Zhou, Y., & Koever, L. (2020). Youth entrepreneurship in agribusiness. October, 1–54. https://www.syngentafoundation.org/sites/g/files/zhg576/f/2020/10/13/nigeria_youth_entrepreneurship_in_agribusiness_2020.pdf
Canhoto, A. I., Quinton, S., Pera, R., Molinillo, S., & Simkin, L. (2021). Digital strategy aligning in SMEs: A dynamic capabilities perspective. Journal of Strategic Information Systems, 30(3). https://doi.org/10.1016/j.jsis.2021.101682
Dagnino, G. B., Picone, P. M., & Ferrigno, G. (2021). Temporary Competitive Advantage: A State-of-the-Art Literature Review and Research Directions. International Journal of Management Reviews, 23(1), 85–115. https://doi.org/10.1111/ijmr.12242
Kapassa, E., Touloupou, M., & Themistocleous, M. (2021). Local electricity and flexibility markets: SWOT analysis and recommendations. 2021 6th International Conference on Smart and Sustainable Technologies, SpliTech 2021. https://doi.org/10.23919/SpliTech52315.2021.9566362
Kvítková, Z., & Masárová, Š. (2021). Using Google Trends for Measuring the Influencer’s Impact on the Demand in Tourism and Its Limits. In Smart Innovation, Systems and Technologies (Vol. 205). https://doi.org/10.1007/978-981-33-4183-8_63
Latan, H., Chiappetta Jabbour, C. J., Lopes de Sousa Jabbour, A. B., de Camargo Fiorini, P., & Foropon, C. (2020). Innovative efforts of ISO 9001-certified manufacturing firms: Evidence of links between determinants of innovation, continuous innovation and firm performance. International Journal of Production Economics, 223. https://doi.org/10.1016/j.ijpe.2019.107526
Liu, M., Fang, S., Dong, H., & Xu, C. (2021). Review of digital twin about concepts, technologies, and industrial applications. Journal of Manufacturing Systems, 58(July), 346–361. https://doi.org/10.1016/j.jmsy.2020.06.017
Moinzad, H., & Akbarzadeh, M. H. (2022). How to improve information technology strategic planning effectiveness using balanced scorecard, risk and maturity analysis, case study health information technology? A qualitative study. Health Science Reports, 5(6). https://doi.org/10.1002/hsr2.926
Murtinger, M., Jaspaert, E., Schrom-Feiertag, H., & Egger-Lampl, S. (2021). Cbrne training in virtual environments: Swot analysis & practical guidelines. International Journal of Safety and Security Engineering, 11(4), 295–303. https://doi.org/10.18280/ijsse.110402
Nikjow, M. A., Liang, L., Qi, X., & Sepasgozar, S. (2021). Engineering Procurement Construction in the Context of Belt and Road Infrastructure Projects in West Asia: A SWOT Analysis. Journal of Risk and Financial Management, 14(3). https://doi.org/10.3390/jrfm14030092
Nurfaiziya, S., Ningrum, S., Munajat, M. D. E., & Nurasa, H. (2023). Evaluating the Impact of Environmental Management Policies on Communities in the Leather Tannery Industrial Area of Garut Regency. Society, 11(1), 106–121. https://doi.org/10.33019/society.v11i1.478
Rimita, K. (2019). Leader Rediness in VUCA Business Environment. Leader Readiness in a Volatile, Uncertain, Complex, and Ambiguous (VUCA) Business Environment, 1–196. https://scholarworks.waldenu.edu/cgi/viewcontent.cgi?article=8999&context=dissertations
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Paroli Paroli, Jajang Sugiat, Suca Rusdian
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
