Challenges of an innovative economy in the context of the growing competitiveness of the information services sector

Abstract

In the century of the global information society and innovation economy, the introduction of modern computer and telecommunication technologies in almost all spheres of human life and activities, has led to the formation of a single space using information services. In the context of information development in an innovative economy, information is becoming an increasingly important and integral part of every competitive company. In innovation economics, this component is becoming the subject of the rapid development of communications, telecommunications, computer and information technologies. By increasing information and intellectual abilities in various market spheres of economic activity of companies, an innovative economy increases its competitive advantages and, consequently, its competitive potential, since its elementary composition receives multilateral economic, personnel, organizational and information support. Information services are considered one of the most promising areas of an innovative economy and their further development is based not only on the timely creation, but also on the implementation of innovations.

Keywords

• innovations
• digital economy
• competitiveness
• economics
• information services
• risks
• digitalisation
• service innovation
• innovation activity