Preconditions  of  Effective  Development   of  Digital  Economy

Abstract

The objective modern conditions of digital economy include the necessity of the development of innovative sciencebased production, changes in organizational structures based on the integration of business processes of economic entities, the necessity of accelerating business processes and using them as a base for sustainable growth and increased effciency of economic development. Ongoing changes mean the permanent improvement of engineering, technology and organization of production, using big data when making managerial decisions to choose the best developments and practices of solving the tasks on the basis of comparative analysis. It will also help to justify the objective factors in order to realize these decisions and to identify the risky spheres of activity and in turn to choose the effective and feasible directions of development, provide rational for conditions and effectiveness of their implementation in separate economic subjects and the national economy as a whole. The purpose of the article is: to reveal the nature and essence of the digitalization process, its peculiarities in different spheres of economic activity and preconditions of their sustainable development; to identify and highlight the position and the role of digitalization of non-fnancial sector of economy; to systemize the experience useful for implementation of the digitalization project at the modern stage of information technology development; to justify the crucial importance of the development of the system of indicators to fully digitalize the considered modern processes which in turn would require the active development of the system of collection, processing and analysis of the information using information and communication technologies; to draw attention to the topical problem of due staff training both of software developers and IT users; to single out the problems the solution of which can currently determine the prerequisites of success of the “digital economy” project in Russia.

Digital Transformation Enablers and Barriers in the Economy of Kazakhstan

“…In contrast, in developing countries, population age and urban population are positively associated with the ICT adoption, while Internet costs impact negatively (Billon et al, 2009). In particular, income and education as well as research and innovation efforts explain the diffusion of the Internet, computers and mobile telephony in the European Union (Melnyk & Salin, 2018). ICT infrastructure and access are also supposed to be the most important factor influencing the ICT adoption and digital divide (Hanafizadeh et al, 2009).…”

“…For businesses, digitalization is an opportunity to increase efficiency by both reducing costs and implementing new business models. The main impact of the development of the digitalization on enterprises is associated precisely with changes in production processes that ensure a reduction in fixed costs (Melnyk & Salin, 2018), achieving higher overall organizational performance and creating competitive advantages that are equally important for both survival and growth (Peppard, 2016). It is worth noting, the return on investment in new digital technologies for industry leaders is 2.5 times higher than among followers (WEF, 2018).…”

“…For the digital transformation of the economy, recognition of the need for digitalization of socio-economic systems at the state level and the allocation of resources (Popkova et al, 2018), are key prerequisites for the development of innovation, in particular, the consistent development of innovative high-tech industries, the development of information and communication technology infrastructure (Melnyk & Salin, 2018;Nurlanova et al, 2019), the dynamic development of business, talents, and a favorable environment (WEF, 2017;Chulanova et. al., 2019).…”

New Infrastructure to Help High-Quality Development of Digital Economy in Jiangxi Province

“…The first stage is the development of the digital infrastructure, that is, the digitization of the information sector. The innovation and development of information technology has brought the economy into the digital age, laying the foundation for the development of the DE [8]; the first stage is the development of industrial digitalization, that is, the development of digital integration. Digitalization provides a new direction for economic development, especially for traditional industries; the third stage is digital transformation, that is, the stage of DE development.…”

Innovative Management Approach: Credential Digitalization

“…In this regard, rivalry (competition) between economic entities in territorial industry markets is intensifying. Modern business conditions determine new strategic development opportunities, which are based on a stream of innovations in various areas of production and circulation using strategic financial tools used to assess quantitative and qualitative parameters of performance [11][12]. One of the main tasks of Industry 4.0 is the active use of the most important domestic innovative tools for technological restructuring of industry, which contributes to the creation of new high-tech sectors of the economy, which requires innovative management [13][14].…”