INFLUENCE OF FINANCING INNOVATIONS ON INFORMATION SYSTEMS MANAGEMENT IN THE DIGITAL ECONOMY

Abstract

In this article, we elaborated on the features and effectiveness of financial support for innovations, which are connected with the improvement of information systems management in the digital economy. We considered the key aspects of the influence of funding for innovation on this process on the example of the leading companies in the sphere of innovative technologies (German SAP and Canadian Celestica). We established approaches of each studied company to the management of these processes and revealed characteristics and opportunities for achieving economic effectiveness within the directions for funding for innovation. The purpose of this research was to determine the character of the influence of financial support for innovations on the level of the management of information systems of the subjects. For this, we analysed the financial reporting of the companies and utilised the methods of comparative analysis, factor analysis, and correlation analysis. The novelty of this research lies in establishing the directions for the improvement of financing of innovations to raise the level of the management of digital information systems.

Keywords

• funding for innovation
• information systems management
• digital economy
• r&d
• intellectual property
• digital applications
• technologies