Effects of the economic space digitalization in the context of modern society transformation

Polozhentseva, Yulia; Klevtsova, Maria; Leontyev, Evgeniy

doi:10.21003/ea.v180-09

Cited by 7 publications

(1 citation statement)

References 3 publications

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“…The modern economy is at the stage of digital development. The rapid development of digital technologies has led to the emergence of the phenomenon of the "digital economy" [1,2,3,4,5,6,7,8], which is a consequence of the "fourth technological revolution" [9,10]. Digital transformations affect all areas of economic and social activity [11,12,13,14,15,16,17,18,19]: production, logistics, marketing, services, public administration, etc.…”

Section: Introductionmentioning

confidence: 99%

The financial technologies transformation in the digital economy

2021

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The fourth industrial revolution is changing the technological face of the economy. Digital technologies are especially widespread in it. They affect all areas of the economy. These changes require in-depth research. The purpose of the article is to analyze financial technologies considered as a factor in the development of the financial sector in the digital economy. To achieve this goal, methods of institutional, retrospective and comparative analysis, modeling and forecasting were used. As a result of the research, theoretical approaches to the study of digital financial technologies have been systematized; perspective areas of their application are considered; the prerequisites, factors and risks of their application in the financial sector are determined. The main trend in the considered area is the intensification of competition between banks and IT companies, which makes it necessary for banks to change the traditional banking business model. Banks will transform into IT companies. And IT companies will penetrate deeper into the financial sector using fintech start-ups. It is expected that the convergence of these sectors of the economy will increase, which will lead to the formation of new integral industries based on digital and platform fintech technologies. Comprehensive support for the development of new digital financial technologies is needed. The tools of such support are support for the creation and implementation of digital financial innovations, stimulation of digital start-ups, support for companies in the implementation of digital financial technologies, the formation of a digital market, etc.

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Section: Introductionmentioning

confidence: 99%

The financial technologies transformation in the digital economy

2021

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The impact of digitalization on the Russian economy

Gasanov

2022

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Subject. This article discusses the development of digital technologies and their impact on workforce productivity and economic growth in Russia. Objectives. The article aims to assess the impact of digital technologies on labor productivity and economic growth in Russia. Methods. For the study, I used regression estimation using the two-stage least squares method. Expenditures on information and communication technologies (ICT) and investments in assets for the acquisition of ICT equipment were used as baseline variables. The Rosstat, Bank of Russia, World Bank, and the International Data Corporation data have been considered. Results. The article presents the results of an assessment of the impact of ICT development on labor productivity and economic growth in Russia. Conclusions and Relevance. The article establishes the positive impact of growth in spending and investment in ICT on labor productivity and economic growth in Russia. The hypothesis of a positive impact of ICT infrastructure development on these indicators is not confirmed. The results of the study can be used by market participants and public authorities when making decisions on investing in the ICT sector.

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Presentation of Digital Duplicates’ Prototypes for Management Processes

Rodina¹,

Zubarev²

2020

Proceedings of the International Conference Digital Age: Traditions, Modernity and Innovations (ICDATMI 2020)

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Effects of the economic space digitalization in the context of modern society transformation

Cited by 7 publications

References 3 publications

The financial technologies transformation in the digital economy

The financial technologies transformation in the digital economy

The impact of digitalization on the Russian economy

Presentation of Digital Duplicates’ Prototypes for Management Processes

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