Digital transformation management of Ukraine’s economy
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Advanced Science and Technology
Abstract
Over the last decades, we have been able to witness a real information revolution, a radical
transformation of society, when not only the technical characteristics of goods and services but also
the models of interaction and relations between people, as well as new values and patterns of their
behaviour are formed. The main value instead of natural resources is the information which, unlike
the minerals, which are limited and constantly decreasing, has unique characteristics for its own
conservation and multiplication. The more a society works with information, uses it, the faster it
accumulates, and the greater value is given to humanity, which, under the influence and accumulation
of that information, continues to transform itself from an industrial to an information society.
The economic basis for the formation of this information society is digital capital embodied in
relevant technologies, human skills, databases, computing power, and computational algorithms. In
Ukraine, all this is, but at the same time, there is an unresolved problem of its effective use, which
requires a proper understanding by economists in close collaboration with the digital sphere, which is
understood in the modern technological trends, as well as sociologists, political scientists and
philosophers who are oriented in modern social transformation. This is very important, given that the
revolution is not only ample opportunity but also a variety of risks and threats, both man-made and
humanitarian. Therefore, their timely identification and localization are only possible through the
fruitful cooperation of the entire scientific community.
Description
According to some estimates, the share of the global information economy is now 22.5% of the world
economy, taking into account digital skills and digital capital. But digitization, unfortunately, is still
largely bypassing Ukraine, making it impossible to comprehensively receive additional “digital”
dividends for the population, business and government. Unlike economically developed countries, the
industrial age-oriented structure of Ukraine's economy does not allow the creation of sufficient high-
tech goods and services that would be a competitive and in-demand global market. As a result, high-
tech exports of goods are declining, traditional sectors of the economy have been losing ground in
recent decades, and economically active people are seeking employment opportunities outside
Ukraine. The system of education and reproduction of human capital, while remaining focused on the
existing morally outdated sectors of the economy, also “preserve” the structural and technological
backwardness.
Keywords
digital transformation, global market, digital platforms, global technological trends, digitalization catalysts, innovative resources
Citation
S.Smerichevskyi, N. Kasianova, O.Klimova, Y. Kolbushkin. Digital transformation management of Ukraine’s economy // International Journal of Advanced Science and Technology. Vol. 29, No. 8s, (2020), pp. 2391-2398