KEY FACTORS AND STRUCTURES OF THE DEVELOPMENT OF THE DIGITAL TRANSFORMATION OF THE ECONOMY
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2024-01-28
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Věda a perspektivy
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The article explores the impact of technological innovations on the economy and business in the context of digital transformation. It is investigated that key technological trends, such as 5G, Wi-Fi, energy-efficient processing, advanced data recognition, and intellectual data processing, cloud, and edge computing, converge to form the technological foundation necessary for successful digital transformation. As a result, digital transformation is often accompanied by significant losses, and costs exceeding the planned ones, and many projects lead to changes that do not justify expectations from the use of information technologies. Investments in analytics are necessary but do not guarantee a global restructuring of the business, its core transformation, during which even a minor error can halt the supply chain, destroy a product, or even put an end to the business. It is noted that to achieve success, it is necessary to prioritize strategy over technology. Under these conditions, the task of goal-setting comes to the forefront – it is necessary to start with defining the ultimate goal of the business (profit, perspective, strengthening market position, etc.) and only then move on to the search for technology that will allow achieving it. As businesses focus on providing greater mobility for employees, moving most corporate workflows to cloud storage, digitization provides staff with access to what they need and when they need it, supporting a high level of productivity regardless of location. The article also examines the constructs of economic development in the context of information technologies, focusing on the development of ecosystems of crypto assets, metaverses, and non-fungible tokens (NFTs), central bank digital currencies (CBDC), institutional investments in the digital economy, and tokenization of traditional funds. It is emphasized that these technological and economic transformations define new directions of development and require increased attention to cybersecurity, technological infrastructure, and collaboration between business and technical teams
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Bobro N.S. KEY FACTORS AND STRUCTURES OF THE DEVELOPMENT OF THE DIGITAL TRANSFORMATION OF THE ECONOMY // Věda a perspektivy. 2024. № 1(32). P. 9-14.