The Essence and Substantive Features of the Digital Development of Economic Systems

Abstract

The processes of digitalization that we are noting all over the world today radically change the principles of functioning of individual social systems and are so ingrained in their development that it is difficult to imagine such systems without actively using the potential of information and communication technologies. Digital technologies play a special role in the development of economic systems. Thanks to these very technologies today an active development is going on in a significant number of industries and spheres of the national economy, new promising directions for the development of enterprises are being formed, and economic potential is created for the further development of the country’s economy. This determines the importance of understanding the essence of digital development and its peculiarities within economic systems. The article considers the theoretical provisions of the process of digital development of economic systems. This was implemented on the basis of an analysis of scientific conceptions for the interpretation of such categories as «digitalization», «development», «economic development». As a result, it was found out that digitalization is a process of active use of information and communication technologies in the functioning of systems of different nature, which contributes to their further transformation in accordance with the new challenges of modern social relations. Economic development is a process of qualitative changes in the functioning of economic objects, economic relations, which is irreversible, associated with positive transformations of such objects. As a result, it is established that the digital development of economic systems is a complex process of qualitative transformations of economic systems that arise and occur due to the influence of information and communication technologies on economic relations that are formed in society as a result of production, exchange, distribution, and consumption. The carried out substantiation of the content of the digital development of economic systems also made allowed to distinguish and systematize the features of such development

Keywords

• digitalization
• development
• digital development
• economic system