The Impact of Digitalization on the Effectiveness of Financial Management in the Era of Industry 4.0 Transformation

Abstract

Digital transformation has become a key element in improving the effectiveness of financial management, especially in the Industry 4.0 era. This study aims to explore the impact of digitalization on efficiency, transparency, risk management, and financial inclusion. Using the literature study method, this study analyzed the findings of 10 scientific articles selected based on their relevance and credibility. The results show that digitalization significantly improves operational efficiency by accelerating financial processes through automation and cloud-based technologies. In addition, transparency is increased with the use of blockchain technology that ensures data integrity. Digitalization also strengthens risk management through artificial intelligence-based analytics, which enable early detection of potential financial threats. At the level of inclusion, digitalization provides wider access to finance for people in remote areas and supports the growth of SMEs. This research provides practical contributions for industry players in utilizing digital technology to increase competitiveness, as well as for policymakers in designing regulations that encourage innovation and data security.