IMPACT OF DIGITAL TRANSFORMATION ON STRATEGIC RENEWAL OF COMPANIES

DOI: 10.36871/ek.up.p.r.2021.09.03.014
UDC 378.1

Authors

S. M. MOLCHANOVA,
Candidate of Economic Sciences, Associate Professor of the Department of Economics of High-Tech Production, Saint-Petersburg State University of Aerospace Instrumentation, Saint-Petersburg, Russia

Abstract

The article examines the impact of digital transformation on the strategic renewal of companies. Problems in the diffusion of technological innovations caused by the lack of a coordinated national policy in the field of Industry 4.0 are identified. The influence of the modern development of digital technologies on modeling in the design and operation of production systems, the sustainability and flexibility of the supply chain and the automation of existing activities and business processes is emphasized. Realizing the potential of digital trans-formation is associated with a change in innovation ecosystems, redesign of the management structure, trans-formation of business strategy and changes associated with the acceleration of technological cycles, the fu-sion of science and artificial intelligence.

Keywords

digitalization, Industry 4.0, big data, artificial intelligence, industrial revolution, business pro-cess, supply chain, innovation change, performance indicator, technology cycle.