Effectiveness of Digital Integration in the Economy and Society Amid Ongoing Economic Transformation

Abstract

Researching the effectiveness of digital adaptation of the economy and society at the current stage of economic transformation is relevant because countries seeking to strengthen their positions in the global economy are increasingly interested in effective mechanisms of digital adaptation aimed at increasing productivity and innovation and achieving long-term sustainable development of society. The main aim of this research article is to study the effectiveness of the digital adaptation of the economy and society at the current stage of economic transformation. The study used several general scientific methods of cognition, including synthesis of literature sources, comparative analysis, methods of systematisation and generalisation, and statistical data analysis, to form the initial data of regression analysis, which identified the relationships between dependent and independent variables and forecast trends in the growth of Ukraine's digital adaptability. According to the results of the regression analysis, the model that takes into account social indicators (M0) has a high level of correlation but needs to improve the forecast accuracy. The model that considers economic indicators (M1) has the highest correlation and explanatory power and demonstrates high forecast accuracy. The model that views all possible variables (M2) has benchmark values of correlation and explanatory power, but the inclusion of additional indicators can reduce the forecast accuracy in general. The level of digital adaptability will significantly impact Ukraine's economic and social stability in the future. However, facing current challenges requires strengthening infrastructure and institutional capacity and focusing on integrating digital technologies into all spheres of life.