Diversification and its Role in Improving Hotel Industry Businesses Competitiveness

In the conditions of market relations transformation, it is important to develop a methodology of optimal resource use for the organizations of the agricultural sector of the economy, as well as for other industries. The urgent need for this is explained by the fact that modern organizations and enterprises are in the conditions of optimizing resource use to maintain economic stability and ensure the growth of profitability (works, services). In this connection, the article considers the main directions of optimizing the resource use on the example of organizations of meat production sub-complex.

Section: Figure 2 -Positive Financial Results Formation Factors Of Meamentioning

confidence: 99%

Methodology of Optimal Resource Use in the Conditions of Market Relations Transformation

Ziuzya*,

Voronkova,

Tsareva

et al. 2019

“…Another challenge of digital transformation is to keep up with the latest technologies, and the flip side of the coin is to preserve the transformations that have occurred inside. Today, new problems have appeared: how to use artificial intelligence, machine learning and the Internet of things [32][33][34][35][36][37][38][39][40][41][42][43][44][45].…”

Section: Discussionmentioning

confidence: 99%

Security of Digital Transformation of the Financial Market

Avdeev*,

Gumerova,

Vankovich

et al. 2019

Successful digital transformation requires paying increased attention to security. Some of the world's largest companies have been victims of cyberattacks. Internet Protocol addresses, personal information and finance are constantly at risk. In the digital world content, corporate networks of the past no longer exist. Security must be built directly into all applications. However, many companies delay the strengthening of their security systems until it is too late. According to Gartner, until 2020, 99% of vulnerabilities in operating systems have been known to IT security specialists for at least a year. This means that companies must first eliminate the existing vulnerabilities that they know. According to some estimates, almost 85% of the participants in the financial market call digital transformation the main priority for the next 3–4 years, because they see in it not only cost reduction, but also the possibility of creating new business models, new communication with the client, and, in fact, new sources of income. Recently, the financial system of Russia has been catching up with the West in terms of digitalisation and now it is developing faster than Western markets. All this suggests the need for closer attention to ensuring the security of transformation processes taking place in the financial market

“…And this is only a part of new innovative companies whose role in the country's economy is growing at a faster pace [51][52][53][54][55][56][57][58].…”

Section: Discussionmentioning

confidence: 99%

The Role of the State in Creating an Innovative Economy

Vakhrushev*,

Tretyak,

Zhukovsky

et al. 2019

Creating and ensuring sustainable development is impossible without active innovation in all areas of social production. Today, our country has achieved high and even record-breaking indicators in certain industries. All this happens, including through innovation. Technological competition is a key factor in the global competition between the States. However, technological pessimism remains the prevailing sentiment among groups of domestic experts. It is aggravated by the sanctions policy of Western countries and the risks of further isolation. Thus, further breakthrough development of the Russian economy is possible only with comprehensive support from the state and a systematic orientation towards the creation of an innovative economy