Akademik Məlumat İdarəetmə Sistemi
Economic and Social Development 70 the International Scientific Conference on Economic and Social Development - Book of Proceedings. Baku, vol.11, pp.283-293, 2021 (Conference Book)
The problem of digitalization of the economy, the challenges facing business, the state and society as a whole in this regard, the challenges posed by the digital economy, and the opportunities it provides are the object of intensive reflection. Its importance is reflected in the launch of the Global Digital Competitiveness Rating, which is focused on assessing the availability of opportunities and the degree of readiness of the countries included in the rating for digital transformation. The assessments of the progress achieved, as well as bottlenecks and problem areas of the transition to the DE, contained in the rating, are of undoubted interest both for politicians and for business, including in Azerbaijan. Analyzing the formation of the digital economy as a key area of the 4th industrial revolution, it is necessary to dwell on its structural characteristics, without understanding which it is difficult to organize effective management of the relevant processes by regulatory bodies, taking into account their innovative nature. The answer to this question is also important for enterprises (organizations), helping them navigate the radical transformations taking place in the economy, and not only for those of them that belong to the high-tech core of the modern economy. As for the technologies on which the DE development is based, then, according to the well-established ideas among experts, they include the following main ones: analytics of large databases, advanced robotics and sensors, neuroethologies and artificial intelligence, the Internet of things and the industrial Internet, virtual and augmented technologies. reality, cloud computing and a number of others. Meanwhile, for economic analysis, as well as for the orientation of business, and, we will repeat once again, not only the part of it that is employed in the information and communication sector, but also for those working in other, including traditional, sectors of the economy, the first is of considerable interest. from the levels highlighted above for the deployment of the 4th industrial revolution and the formation of the DE, namely, the level of markets and sectors of the economy