Digital Economy

2022 ◽  
pp. 204-215
Author(s):  
Bilyaminu Auwal Romo
Keyword(s):  
Business Processes ◽  
Digital Technologies ◽  
Digital Economy ◽  
Blockchain Technology ◽  
The Status ◽  
Core Components ◽  
Digital Commerce ◽  
New Form ◽  
Digital Disruption ◽  
Old Economy

Digital technology-enabled business processes are integrated into the digital economy. Such technologies also enable the internet to conduct digital commerce in a trustless network and decentralized environment. This chapter also draws attention to the new form of economy, which focuses on the development and functions of the digital economy as a new growth engine for Society 5.0 and sheds light on emerging technologies and how the disruptive element of blockchain technology challenges the status quo of the old economy and the underpinning digital disruption imposed by decentralize platformisation. The core components of the digital economy, including digital technologies that serve as the new engine of growth for Society 5.0, were identified. The chapter concluded by highlighting the implications of digital technologies, and how standardisation, upgrading curriculum, legislative frameworks, and policies remedy the impediment of growing the digital economy for Society 5.0.

PROBLEMS AND PRIORITY AREAS FOR APPLYING DIGITAL TECHNOLOGIES IN RUSSIAN AGRICULTURE

2020 ◽  
Vol 10 (7) ◽  
pp. 1390-1398
Author(s):  
M A. Bryzgalina ◽  
Keyword(s):  
Mobile Communications ◽  
Business Processes ◽  
Agricultural Sector ◽  
Digital Technologies ◽  
Digital Economy ◽  
Economic Activities ◽  
Agricultural Enterprises ◽  
Livestock Breeding ◽  
Rational Version ◽  
Definition Of

This paper discusses the implementation of digital technologies in the production sector and business processes of agricultural enterprises in Russia. Implementation of digitalization into the economic entities’ business activity is necessary in order not only to increase the speed of their functioning several times, but also to open up new, broader opportunities for their development in the future. Currently, in the Russian Federation, the main leaders in the development of digital technologies are, first of all, IT companies, as well as organizations operating in the field of media, finance and insurance. The level of digitalization in the real sector of the economy is significantly lower, while the agricultural sector is in last place for this indicator. This article reflects the prerequisites for the development of the digital economy in the world, which include the automation of production technologies and business processes, as well as penetration into the social sphere of the countries of the global Internet and mobile communications. The author considered a number of interpretations of the concept of “digital economy”, of which, in her opinion, the most rational version of the definition of the term under consideration was selected. Within the framework of the study, the prerequisites for the effective implementation of innovative technologies in the economic and social spheres of enterprises’ activities were determined, and the main factors and conditions for the developing digital system of a particular country were established. In the presented work, the author identified a number of modern key problems that significantly impede the introduction of digital technologies in the production and economic activities of economic entities of Russia, especially in the field of agriculture. At the same time, quite popular and widespread advanced technologies are indicated, which are currently being successfully implemented in promising agricultural organizations of the country. With regard to the branches of agriculture in Russia, namely crop and livestock breeding, the most expedient areas for the introduction of advanced digital technologies into the business processes of agricultural enterprises are presented.

scholarly journals Development of the Logistics 4.0 Concept in the Digital Economy

2020 ◽  
pp. 85-96
Author(s):  
N. Trushkina ◽  
◽  
H. Dzwigol ◽  
O. Serhieieva ◽  
Yu. Shkrygun ◽  
...  
Keyword(s):  
Big Data ◽  
Customer Service ◽  
Industry 4.0 ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Economy ◽  
Digital Transformation ◽  
Digital Platforms ◽  
Delivery Times ◽  
Sustainable Logistics

The transition to a digital economy is becoming a key driver of GDP growth. This is due not only to the effect obtained from the automation of existing processes, but also from the introduction of new, breakthrough business models and technologies, including digital platforms, digital ecosystems, in-depth analytics of big data, Industry 4.0, Logistics 4.0. At the same time, digital transformation is seen as a radical change in the complex of business processes, from product development to customer service, as well as the introduction of modern digital technologies in the organization of business processes in enterprises. The purpose of the article is to analysis the features and trends of organizing logistics activities in the context of digital transformation of business processes; research of the main prerequisites for the formation of the Logistics 4.0 concept; determination of priority directions for its further development in the context of Industry 4.0. Based on the generalization of scientific approaches, the definition of the concept of "Logistics 4.0" has been clarified, which means the modern paradigm of managing logistic (material, financial, information, transport) flows and organizing a complex of logistics activities (purchase and delivery of material resources, warehousing, production, stock formation, recycling of industrial waste, customer service, transportation and sale of finished products) using breakthrough digital technologies and information systems. The priority areas of organizing the logistics activities of enterprises using digital technologies include the following: multichannel logistics; logistics marketplaces; rethinking the use of packaging; mass personalization; Silver Economy (new services for older clients and new opportunities for older workers); sustainable logistics; sharing economy; multi-supply; customer experience; smart containerization; big data analytics; augmented and virtual reality; cloud service applications and APIs; Internet of Things; robotics and automation; new generation wireless communication; blockchain; Artificial Intelligence; unmanned aerial vehicles or "drones"; 3D printing; unmanned vehicles; quantum computing; supergrid logistics; space logistics; the use of digital platforms that unite customers and transport and logistics companies (the parties can enter into digital contracts, exchange transport booking requests and electronic documents, control the delivery of goods in real time). All this can help to reduce costs by optimizing procurement; decrease in personnel costs and decrease in labour costs as a result of automation; reduction of errors in logistics; optimization of the supply process; efficient warehouse management; forecasting shipments; creation of optimal routes; operational planning of loads and control of delivery times; ensuring product delivery on time, improving customer loyalty; optimal interaction with customers on the "last mile".

scholarly journals Digital Transformation of Business Analytical Processes

2021 ◽  
Vol 8 (2) ◽  
pp. 62-70
Author(s):  
O. E. Mikhnenko
Keyword(s):  
Big Data ◽  
Business Intelligence ◽  
Business Processes ◽  
Digital Technologies ◽  
Business Environment ◽  
Digital Economy ◽  
Digital Transformation ◽  
Management Decision ◽  
Control Apparatus

Current development and management of economic activity is largely associated with the implementation of the concept of the digital economy, which poses new challenges for business intelligence. The set of tasks is formed in order to develop business intelligence so that it matches the improved management of economic subjects, and to ensure the quality of business processes when digital technologies are introduced. Improved management based on the concept of the business environment implies that monitoring principles are used to analyze the behavior of external business environment participants with the purpose to build a rational partnership relationship. The digital economy creates information opportunities in this area, as it provides the access to Big Data and their processing using Big data analytics technologies. With regard to the requirements of management, the article analyzes the behavior of elements of the internal business environment to develop a management solution to improve the effectiveness of their behavior. The high quality of the solution is provided by the information model being a highly adequate image of a particular object under control and the ability of the control apparatus to fully realize the volume of its inherent functions. Under these conditions, the digital transformation of analytical processes is based on its own information platform, which should use breakthrough digital technologies. The research uses such methods as systemic analysis to generalize the modern concepts of economic system management, development of digital technologies and their introduction into management decision-making processes.

scholarly journals Digital Technologies in Supply Chain Management in Production

2020 ◽  
Vol 159 ◽  
pp. 03006
Author(s):  
Roman Veynberg ◽  
Marina Koslova ◽  
Gani Askarov ◽  
Asan Bexultanov ◽  
Zarema Yussupova
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Information Technologies ◽  
Business Management ◽  
Digital Technologies ◽  
Digital Economy ◽  
Chain Management ◽  
Logistics Systems ◽  
Blockchain Technology ◽  
Management Processes

The article discusses the prospect of using digital technologies in supply chain management, as well as the main trends and features of the development of supply chain management at the plant. The article deals with issues related to the integration of blockchain technologies in the field of logistics and supply chain management. The article suggests using blockchain information technologies to optimize supply chain management processes in the context of enterprise virtualization and digital economy development. The study revealed the advantages of this approach over traditional business management technologies and logistics systems. The prospects for using blockchain technology in logistics and supply chain management are also analyzed.

THE FACTORS INFLUENCING THE SUCCESS OF INTRODUCTION OF DIGITAL TECHNOLOGIES INTO THE ACTIVITIES OF RUSSIAN ENTERPRISES

2021 ◽  
pp. 93-110
Author(s):  
Tatiana V. Gudkova ◽  
Alisa S. Kasparyan
Keyword(s):  
Regression Analysis ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Economy ◽  
Digital Transformation ◽  
Market Conditions ◽  
Industrial Enterprises ◽  
Factors Influencing ◽  
Modern Technologies ◽  
The Way

Currently, increased competition in all industries encourages enterprises to look for new ways to improve their competitiveness. Today, in the conditions of the digital economy, digital transformation, implying the introduction of modern technologies into all business processes, can become a key tool that allows you to quickly adapt to changes in market conditions. In this study, on the basis of regression analysis, the factors contributing to the success of the introduction of digital technologies at industrial enterprises in Russia, as well as the barriers that arise in the way of their digital transformation, are identified.

Digitalization of the service economy: advantages and threats

2020 ◽  
Vol 26 (9) ◽  
pp. 111-120
Author(s):  
N. Tarkhanovа ◽  
◽  
V. Romanov ◽  
Keyword(s):  
Service Sector ◽  
Business Models ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Economy ◽  
Doing Business ◽  
New Business ◽  
Consumer Segment ◽  
Reducing Costs

Recently, the number of businesses using digital technologies has increased. The service sector is no exception. The article is devoted to the use of digital technologies in the service sector. The authors reviewed the advantages and threats of digitalization. As a result of the analysis, the concept of “digital economy” and “service sector” is clarified, and the need for digitalization is justified. The advantages obtained through the use of innovative technologies, both for the industry and for individual enterprises, are indicated. In relation to the industry, this will include: the use of new business models and forms of doing business; increasing the availability and promotion of services on the market up to the world; the emergence of new types of services; the use of control systems that replace humans. As a result of the analysis, the concept of “digital economy” and “service sector” has been clarified, and the need for digitalization is justified. For a single service enterprise, the benefits of implementing digital technologies can be expressed in: reaching the optimal consumer segment; determining the customer’s need for certain services; designing more flexible services; improving the quality of service by improving control of business processes; minimizing the time for services to enter the market; reducing costs by accelerating business processes; minimizing costs; increasing the availability of services through the dissemination of information in social networks; eliminating intermediaries in the delivery of services to the consumer and reducing costs, reducing the number of personnel performing routine operations. Digitalization provides not only the benefits but also pose a threat. These include various types of fraudulent schemes, an underdeveloped regulatory framework, a reduction in the number of employees, and changes in the labor market. As a result, there are increasing requirements for planning at the strategic, tactical and operational levels. Otherwise, the benefits of implementing digital technologies may be lost

Infrastructure Support for the Innovative Transformation of Business Structures in the Digital Economy

2021 ◽  
Vol 26 (11) ◽  
pp. 1210-1216
Author(s):  
N. P. Golubetskaya ◽  
A. V. Kurlov
Keyword(s):  
Business Processes ◽  
System Analysis ◽  
Consumer Preferences ◽  
Digital Technologies ◽  
Economic Security ◽  
Digital Economy ◽  
Global Market ◽  
Regional Economic ◽  
Information And Communication ◽  
Business Structures

Aim. The presented study aims to develop conceptual approaches to the formation of infrastructure for the innovative transformation of entrepreneurship in the digital economy, which would make it possible to optimize the management system of regional economic entities aimed at creating a favorable climate for the generation, development, and implementation of innovations in the Russian socioeconomic system.Tasks. The authors analyze conceptual approaches to the formation of a system of infrastructural support for the innovative transformation of business structures based on a comprehensive analysis of the parameters of its subsystems; substantiate priority directions for the development of regional infrastructure with a view to ensuring sustainable operation of economic entities; propose scenarios for the formation of regional infrastructure based on digital technologies for the transformation of innovation activities of companies.Methods. This study is based on the classical corporate life cycle theory, which includes mechanisms and organizational structures that facilitate the sustainable development of business structures in the digital economy. Theoretical and practical recommendations for innovation management and system analysis of the formation of competitive advantages of regional economic entities are used with allowance for current trends in the world economy and geopolitical risks.Results. Infrastructure support for the innovative transformation of business structures in the digital economy should allow for the reloading of the logistical, technological, financial, economic, informational, personnel, and communication units of the company’s integrated functioning system. Digital technologies transform system-wide, strategic, marketing, information, and communication methods of development and implementation of management decisions within regional socio-economic systems.Conclusions. Infrastructure support for the innovative transformation of business structures largely depends on the use of digital methods that allow for the implementation of information and communication platforms making it possible to optimize the organizational management structures of companies. The effectiveness of innovative transformation can be increased by accelerating and simplifying business processes; increasing the level of transparency and reliability of procedures performed on the web and implemented in business applications; structural transformations of forms of interaction with customers based on modern interfaces and access to complete information about consumer preferences; ensuring the availability of services provided on a cloud platform; achieving a high level of security of the knowledge base. Digital technologies have made the effectiveness of company management more dependent on the parameters of economic security and indicators of the quality of the information and communication infrastructure used at all stages of the functioning of the regional socio-economic system. Business communications in the global market of goods and services are accelerating and simplifying.

CURRENT TRENDS OF DIGITALIZATION OF THE ECONOMY: PROBLEMS AND PROSPECTS OF DEVELOPMENT

2017 ◽  
Author(s):  
Nataliia Havrylenko ◽  
◽  
Iryna Tarasenko ◽  
Keyword(s):  
Information And Communication Technologies ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Economy ◽  
Influential Factors ◽  
Global Trends ◽  
Global Era ◽  
New Business ◽  
Information And Communication ◽  
Visualization Of Data

The article is described the issue of «digital economy» and highlights its role in modern economic and social development of society, in particular the ability to implement simultaneous management of all sectors of the economy; the level of formation of the digital economy in Ukraine, the main threats and opportunities of digitalization and the readiness of Ukraine to introduce and using digital technologies are studied. Analyzing the current state of Ukraine's economy and global trends in the field of digital transformation, digitalization of all sectors of the economy should become a priority for the state. The main prerequisites for the formation of the global era of digital economy are information and communication technologies, which are one of the most influential factors in economic growth and welfare. Nowadays, Ukraine is one of the European country that does not have a sufficient digital resource of its own. In recent years, Ukraine is actively forming information infrastructure as an integrated set of computers and communications equipment, telecommunications networks, databases, information technology, information and analytical centers of various levels, which aims to ensure the effect of innovative economic development. Digitization processes are extremely important for the Ukrainian economy. The digitalization is a modern stage in the development of informatization, the characteristics of which are the predominance of digital technologies for the collection, processing, transmission, storage and visualization of data. The article identifies the relationship between Internet availability and the development of the digital economy, as well as identifies the main type of Internet that affects the level of digitalization of the national economy and its quality. Analyzing the trends of the digital economy in Ukraine, it should be considered as the economy of new business processes and new markets that provide a competitive offer using the latest ICT.

scholarly journals Digitalization of Commercial Activity of Russian Companies as a Factor of Their Competitiveness

2021 ◽  
Vol 15 (3) ◽  
pp. 131-143
Author(s):  
Galina G. Deryabina ◽  
◽  
Nina V. Trubnikova ◽  
◽  
Keyword(s):  
Economic History ◽  
Computer Literacy ◽  
Business Processes ◽  
Predictive Analytics ◽  
Digital Technologies ◽  
Field Studies ◽  
Digital Economy ◽  
Commercial Activity ◽  
Business Partners ◽  
The Impact

Study of the impact of modern technologies and, in particular, digitalization, on the transformation and future development of industries, as well as changes in economic and marketing models within industries and their impact on business competitiveness is one of the new areas of research in the economic sciences. The purpose of this study is to apply the latest digital trends to modern commercial systems (B2B and B2B2C) of Russian companies to improve their competitiveness in an open digital economy. This work includes the authors’ own developments and field studies of digitalization of commercial functions, with a comparative analysis of the launches of B2B and B2B2C digital CRM systems in 2017 and 2020. The authors analyze materials on economic history and economic development impacted by technological progress, as well as recent researches in the field of digital technologies. This comparison reveals an understanding of the development of digital technologies in business aiming to increase its competitiveness in an open digital economy and to reveal the perception of these technologies by consumers and business partners of companies in Russia. Among the major digital trends that companies are rapidly adopting into their current business processes, including sales and marketing, the authors highlight the growing use of AI, voice search, 5G, AR technologies, chatbots, programmatic advertising, predictive analytics, omnichannel marketing, digital video marketing, blockchain. The field study revealed some progress in the level of digitalization and its perception in the country, starting with the dissemination of modern equipment to the increase in the computer literacy of the population and its openness to work with digital tools, both at the end-user level and at the level of business partners. That confirms the prospect of digitalizing the fieldwork for companies and leveraging the personalization component of marketing to improve the competitiveness of companies in an open digital economy.

scholarly journals Revisiting Indonesia’s Economic Diplomacy in the Age of Disruption: Towards Digital Economy and Innovation Diplomacy

2020 ◽  
Vol 8 (1) ◽  
pp. 15
Author(s):  
Defbry Margiansyah
Keyword(s):  
Foreign Policy ◽  
Digital Technologies ◽  
New Economy ◽  
Digital Economy ◽  
Economic Activities ◽  
Economic Diplomacy ◽  
Essential Variable ◽  
Development Agenda ◽  
Digital Disruption ◽  
Innovation Diplomacy

With the rise of digital technologies and innovation disrupting the economy, the global phenomenon challenged the current concept and strategies of “conventional” economic diplomacy that have increasingly gained importance in contemporary foreign policy, including Indonesia. In the meantime, the digital economy had been significantly growing as a potential driver of growth and an inclusive economy which becomes central in the Indonesian development agenda. A new or innovation-based economy such as the digital economy did not only become one of the priorities in national policies but also emerge to be an essential variable to the foreign policy of Indonesia amid diplomatic deficit. This research examines Indonesia’s economic diplomacy in optimizing the potential of digital and new economic activities in facing the challenges of digital disruption. By employing integrative diplomacy concept, this research argues that Indonesia’s government should pursue intermestic, comprehensive and integrative strategies in its economic diplomacy by integrating new economy through the construction of “innovation diplomacy.” This research finds that the existing economic diplomacy is strongly directed to “conventional” commercial diplomacy, while it gives insufficient space for a new economy to develop significantly, due to the absence of concept supporting the operation of innovation-focused economic diplomacy. Consequently, it is suggested that Jakarta urgently has to reconceptualize its economic diplomacy more strategically in order to achieve “diplomatic sophistication,” by way of constructing “innovation diplomacy” as a subset of economic diplomacy.

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