DIGITALIZATION AS A NEW PARADIGM OF SOCIO-ECONOMIC DEVELOPMENT

DOI: 10.36871/ek.up.p.r.2020.11.05.001
UDC 330.34

Authors

T. S. KOLMYKOVA,
Doctor of Economics, Professor, Head of Department of Finance and Credit, Southwest State University, Kursk, Russia
S. V. KLYKOVA,
Postgraduate Student, Southwest State University, Kursk, Russia
N. Yu. MAKAROV,
Postgraduate Student, Southwest State University, Kursk, Russia

Abstract

The article examines the substantive aspects of digitalization as a new paradigm of technical and technological development. The features that distinguish the digital economy are structured. Information, knowledge and digital data are key production factors. Digitalization is considered as a modern tool for ensuring economic growth. It leads to the emergence of positive effects: the emergence of new business models, the creation of a basis for breakthrough innovations, and ensuring competitiveness in the long term. The important role of the state in the implementation of largescale investments, which are the drivers of the development and implementation of digital technologies, was noted.

Keywords

innovation, management, economic growth, investment, digitalization.