Akademik Məlumat İdarəetmə Sistemi
Proceeding book. The 70th International Scientific Conference on Economic and Social Development. Baku, 25-26 June 2021, p.1063-1068, Baku, Azerbaijan, 25 - 26 June 2021, pp.1063-1065, (Full Text)
To ensure socio-economic development in the world, it is necessary to achieve positive changes in certain territories. Regional development is a complex process and should be considered using a multidimensional approach and assessing the impact of factors on the level and quality of life of the population, the dynamics of economic growth. The digitalization of the economic sphere currently has a significant impact on the development of territories. Digital transformations form new conditions for the functioning of regional socio-economic systems, the unique features of which in different territories require study. The digital economy is based on the deep penetration of digital technologies, that is, the use of hardware and software for collecting, processing and transmitting digital information, in all spheres of economic activity and social relations. The digitalization of society creates new opportunities for business entities, which can be realized through the creation and implementation of innovations in the business sector and public administration. Innovations in management, production or in the goods and services themselves are the main conductors of digital achievements in the activities of business entities and the mechanism for their transition to the digital economy. Innovation, like other types of economic activity, undergoes significant transformations in the context of digitalization, consisting in the expansion of the types of innovative resources and subjects. The digital economy expands the development potential of the region, makes it possible to overcome resource constraints. It is advisable to explore aspects of regional development through the functioning of digital platforms that integrate economic, social and technological processes that form digital service ecosystems. The phenomenon of the digital economy requires scientific understanding and assessment to be used as a factor in the development of the economy of the territories. Keywords: Regional development,