mLAC Journal for Arts, Commerce and Sciences (m-JACS) ISSN: 2584-1920

IMPACT OF DIGITALIZATION ON SOCIETY: A CRITICAL STUDY

Sushma S Naik, Onkaragouda Kakade — Tue, 10 Dec 2024 00:00:00 +0000

The digitalization process began in the 20th century which is considered the digital revolution in the nation. Digitalization is the process of converting analog processes to digital forms in all the fields such as healthcare, banking, education, business, media, etc. Now a day, we all are dependent on digital technologies which spread in every aspect of human life and society as well. Digital technologies such as Artificial Intelligence, Drones, the Internet of Things, Robotics, 3-D technologies, and much more help to generate, store and process related data with the help of electronic tools and devices. The innovation of digitalization has rapidly increased in society which also has both positive and negative impacts on society. It plays an important role in the social and economic development of the nation. The advantages of the digitalization process include the increase in efficiency, productivity, improved communication skills, increase in transparency, helps for fast decision making, help in the social and economic progress of the nation; offers more job opportunities, and so on. It also has negative impacts like the problem of data security, increases in terrorism and crime, privacy issues, manipulation of data, copyrights, etc. Thus, the present study aims to find out the impact of digitalization on society. For the present research “Random Sampling Technique” is used to choose the samples. This study will be conducted in Vijayapura city of Karnataka State with 180 respondents. The primary data will be collected with the help of a structured questionnaire.

AN EMPIRICAL ANALYSIS OF DIGITAL TRANSFORMATION IN THE ACCOUNTING FIELD AND ROLE OF ACCOUNTANTS: A REVIEW OF LITERATURE

Jayashree R, S. Jayakani — Tue, 10 Dec 2024 00:00:00 +0000

In today's rapidly evolving business landscape, digital transformation has emerged as a crucial force reshaping various industries, including accounting. This empirical study delves into the profound impact of digital transformation on the accounting field and the evolving roles and responsibilities of accountants within this dynamic context.

Through a comprehensive analysis of empirical data and case studies, this research investigates the multiple facets of digital transformation in accounting. It scrutinizes the adoption of advanced technologies such as Artificial Intelligence (AI), Blockchain, Cloud Computing, and Big Data Analytics, and their influence on the accounting ecosystem. The study uncovers the ways in which these technologies streamline processes, enhance accuracy, and improve decision-making in accounting practices.

This research sheds light on the changing roles of accountants. It reveals that accountants are transitioning from traditional number-crunchers to strategic advisors and data analysts. The study highlights the importance of digital literacy and adaptability as critical skills for accountants in this new era.

This empirical analysis highlights the necessity for accounting professionals and firms to embrace digital transformation to remain competitive and relevant in the modern business environment. It offers valuable insights for policymakers, educators, and industry practitioners to navigate the evolving landscape of accounting in the digital age.

AN EXECUTION OF PROJECT BASED LEARNING IN LANGUAGE EDUCATION

Merlin S — Tue, 10 Dec 2024 00:00:00 +0000

Problem-Based Learning (PBL) has gained popularity in Engineering and Linguistics, particularly language education. PBL is students- centered, characterized by activity-based and group-based learning. This paper reviews several PBL language education, observing their principles and features. PBL is mainly applied in activity-based learning and group-based learning, such as writing papers by title or working in groups. Further, this paper compares traditional education and PBL results, analyzing differences in outcomes. PBL can deepen students' understanding of knowledge and stimulate learning motivation, addressing the problem of superficial knowledge and mechanized learning in traditional education. Overall, PBL offers advantages in language education, offering great development prospects in the linguistics field.

SECURING DIGITAL WALLETS: THREATS AND COUNTERMEASURES

lakshmi R, S. Vennila Fathima rani — Tue, 10 Dec 2024 00:00:00 +0000

Digital wallets have become essential instruments for today's financial transactions, providing users all over the world with efficiency and ease. Cybercriminals, however, have also become more aware of these platforms due to their broad adoption, and they are constantly looking for ways to exploit weaknesses and jeopardise their security. This study looks at the different hazards that digital wallets face, such as phishing and malware assaults, data breaches, illegal access, and dangers associated with NFC/contactless payments. Additionally, it suggests a thorough set of defences to successfully lessen these risks. These countermeasures include user education programmes, regulatory compliance, and technology solutions like encryption, multi-factor authentication, and secure communication protocols. Digital wallet providers and users may protect the integrity and reliability of digital payment ecosystems by implementing a multi-layered security strategy and cultivating a culture of alertness and resilience.

NAVIGATING THE RESOLUTION A STUDY ON THE IMPACT OF ARTIFICIAL INTELLIGENCE ON BUSINESS OPERATIONS

Keerthiga Devi — Tue, 10 Dec 2024 00:00:00 +0000

The business landscape is rapidly changing across industries due to artificial intelligence (AI). This study examines the complex effects of artificial intelligence (AI) on a range of company activities, from automation and efficiency gains to strategic decision-making and improved customer experiences. This research explores the benefits and obstacles presented by AI adoption in enterprises by a thorough assessment of the current literature, case studies, and interviews with industry professionals. Important discoveries highlight how AI plays a vital role in process optimization, fostering creativity, and transforming organizational structures. The report also looks into future trends, labor consequences, and ethical issues related to integrating AI into business operations. Through shedding light on the revolutionary potential of AI, our research seeks to assist organizations in efficiently utilizing its potential to provide competitive advantage and long-term prosperity in the digital era.

Message from Editorial Desk

Dr. Sushil Kumar Middha — Tue, 10 Dec 2024 00:00:00 +0000

We are delighted to announce the release of the 5th issue (Vol. 2 No. 4, 2024) of mJACS Journal. With this milestone, we are now eligible to apply for inclusion in the UGC CARE List, and, as shared earlier, our application is under review with results expected soon. This represents a pivotal step in advancing academic excellence.

The Maharani Lakshmi Ammanni College for Women, publisher of mJACS, reaffirms its dedication to fostering inquiry despite challenges. We deeply appreciate the overwhelming contributions from authors and extend heartfelt thanks to Dr. Parwinder Kaur, our esteemed Guest Editor, for her invaluable insights into Global Economic Trends.

Your support inspires our mission to innovate and advance academic research. Thank you for being part of our journey.

Warm regards,

Dr. Sushil Kumar Middha

Editor-in-Chief

mJACS

December 10, 2024