Digitalization and ITS relationship with innovative development of the economy

Keywords: digital economy, innovations, innovative products, industry, level of manufacturability, agri-food sector, assessment, exports, gross domestic product, forecast, development prospects

Abstract

The study is based on a systematic approach to the conditions for the formation and evaluation of the innovative development of the economy. A methodological approach to the innovative development of the economy was developed based on the construction of forecast models that reflect the share of shipped innovative products (foodstuffs), the export of agricultural products and food products, which contribute to the maximum profit of innovatively active organizations and the gross domestic product (GDP) of the agro-food sector. The modern mechanism for increasing the competitiveness of industrial enterprises in the European market is based on an innovative digital model of economic development, the activation of innovative and investment activities, the constant adaptation of enterprises to the conditions of the internal and external environment, taking into account risks and new conditions of digital transformation. It allows you to conduct a comprehensive trend analysis using the selected estimated indicators and taking into account various factors, which allows you to identify reserves for activating the innovative development of the national industrial complex in the context of the formation of the digital economy, in conjunction with the expansion of the use of information and communication services, to justify the areas for the development of innovative activities under conditions of digital transformation of production. The distinction lies in the development of the theoretical and methodological basis of the relationship between the digital transformation of the economy and the innovative development of industry, including the agri-food sector, and in the development of predictive trends.

Author Biographies

Bartosz Mickiewicz, West Pomeranian University of Technology

Doctor of Economics, Professor

Katsiaryna Volkava , Belarusian State University of Food and Chemical Technologies

Ph.D. in Economics, Associate Professor

References

State Program of Innovative Development of the Republic of Belarus for 2021–2025 [Electronic medium]. – Access mode: https://president.gov.by. – Access date: 12.02.2022.

Achapovskaya, M. (2019). Digitalization of the Economy as a Driver of Innovative Development // Bank Bulletin– P. 52–58.

Nekhorosheva, L.N. (2020). Designing the Future: New Risks, Promising Business Models, Economic Intellectualization Strategies. // World Economy and Business Administration of Small and Medium-sized Enterprises: materials of the 16th International Scientific Workshop held within the framework of the 18th International Scientific and Technical Conference “Science for Education, Production, Economy,” – Minsk, 2020. – p. 28–31.

Gospodarik, E.G., Kovalev, M.M. (2015). EAEU-2050: Global Trends and Eurasian Economic Policy. Minsk: BSU Publishing Centre.

Shumilina, A.G., Gusakova, V. G. (2020). On the State and Prospects for the Development of Science in the Republic of Belarus Following the Results of 2019: an analytical report /– Minsk: SU “BelISA”– 396 p.

Gnatyuk, S.N. (2020). Digital Economy as a Driver of Sustainable Development of Belarus // Modern Problems and Ways to Improve the Competitiveness of Business: materials of the International Research-to-Practice Conference – M.: Autonomous non-profit organization of higher education “Institute of Business and Design”. P. 8–17.

Saiganov, A.S., Panteleeva, I.I. (2019). Theory and methodology of improving the economic mechanism of innovative development of processing organizations of agro-industrial complex: monograph. Smolensk. 256 p.
Science and Innovation Activity in the Republic of Belarus, (2020). [Electronic medium]. – Access mode: https://www.belstat.gov.by/. – Access date: 11.02.2022.

Digital transformation, European Commission [Electronic medium]. – Access mode:https://www.eurasiancommission.org/ru/act/dmi/workgroup/material/dokumen. – Access date: 12.02.2022.

Mickiewicz, В., Efimenko, А., Volkova, Е. (2021). Innovative Development of the Food Sector in the Republic of Belarus and Poland: Status and Current Development Trends // European Research Studies Journal, Volume XXIV, Issue 3– S. 774–784.

Abstract views: 36
PDF Downloads: 25
Published
2022-06-27
How to Cite
Mickiewicz, B., & Volkava , K. (2022). Digitalization and ITS relationship with innovative development of the economy. VUZF Review, 7(2), 41-52. https://doi.org/10.38188/2534-9228.22.2.04
Section
Articles