Innovative Activities in a Region in the Conditions of the Development of the Digital Environment

Abstract

In the conditions of the development of the digital environment, innovative activities become a priority area of economic development that draws not only substantial material and financial resources but also human capital. The existing models designed to assess innovative activities in a region do not give an assessment of conditions for innovative activities. The study aims to develop methods for the assessment of conditions for innovative activities in a region based on a complex consideration of knowledge management factors that allow determining priority areas of regional policy in the digital environment. With regard to the study problems, the authors used a set of basic general scientific methods: comparison, analysis, synthesis, systemization, formalization, statistical estimation, economic mathematical modeling, methods of verifying the reproducibility of the models used on calculation examples. The model presented in the article allows the authors to evaluate the very conditions of innovative activities from the position of knowledge management factors in the conditions of the digital environment. The model's practical application makes it possible to define priority areas for the development of the innovative sector. This, in turn, promotes the formation of the digital environment. The study results have been tested on the example of Russian constituent entities.

Building a Model for Financial Management of Digital Technologies in the Areas of Combinatorial Effects

“…One of the central concepts is the "digital space." It is under the influence of digitalization formed by the high-performance infrastructure, within which the scientific and technical apparatus for the maintenance, use, and application of innovative processes leading to a qualitative technological breakthrough is developed (Babskova et al 2019;Graham and Guy 2002;Schou and Hjelholt 2019). The authors interpret "digital space" as a system of intellectual resources, information, and data that ensures interaction with the material world through cyber-physical systems and with individuals through digital technologies.…”

“…Digital environment of the information society is formed at a high level of innovation, achieving what is impossible without attracting significant financial resources. The priorities of the national economic development on the basis of innovative elements lead to development of digital competencies in the human capital and to formation of digital entrepreneurship, the functioning of which is based on the use of digital technologies (Babskova et al 2019;Chae and Goh 2020). In this regard, the results of this study may find practical application in the implementation of management measures by the heads of foundations, corporations, and development agencies (Maydanova and Ilin 2019;Rodionov et al 2018), as well as individual business structures (Kolyasnikov and Kelchevskaya 2020;Maskuriy et al 2019) to identify key areas of investment.…”