Transformation of the Management of Industrial Companies in the Context of Digitalization

Abstract

Management of industrial enterprises is changing significantly in the context of the development of digital technologies. The article examines the directions of management development in modern conditions of digital transformation, explores the possibilities of using new technologies to improve the organization's management system. The strategic technological directions, their role and methods of interference in the management system of industrial enterprises have been studied. The active development of digital technologies simultaneously with the destruction of existing systems creates conditions for the development of promising projects based on innovative ideas and technologies. The introduction of innovations based on the capabilities of digital technologies has become an effective tool for increasing efficiency in Such conditions provoked a redistribution of shares between participants in a competitive market. Changes in technology and the development of scientific and technological progress over time cause the transformation of the entire market. Currently, many economic chains have been destroyed or changed; in such conditions, domestic industrial enterprises find themselves in a difficult situation. Currently, many industrial enterprises occupying leading positions in the world market are engaged in independent development and development of technologies in order to maintain their market positions and create a vector for further development in their field.