Development of the information economy under the conditions of global economic transformations: features, factors and prospects


Keywords: information economy, features, conceptual approaches, factors, components, prospects, digital technologies

Abstract

The article provides a content structure of the information economy, including the main components and factors of the development. The factors of influence on the development of the information economy are identified. They are conditionally classified into five groups: research and development in the field of ICT; employee component; ICT sector development; digital technologies in business; information security. The dynamics of the development indicators of the information economy is analyzed. Prospective lines of the development of the information economy in the global cyberspace are identified, including the creation of a digital platform as a new business model; using the concept of Industry 4.0 and the “smart factory” as drivers for the digital transformation of industrial development; implementation of the “cyber physical system” as a single complex of information resources, systems and physical processes. A formula is proposed for evaluating the effect of the information economy development.

Downloads

Download data is not yet available.

References

Apalkova, V. V. (2015). Kontseptsiia rozvytku tsyfrovoi ekonomiky v Yevrosoiuzi ta perspektyvy Ukrainy [Concept of digital economy development in the European Union and prospects of Ukraine]. Visnyk Dnipropetrovskoho universytetu. Serііa: Menedzhment innovatsii – Bulletin of the Dnipropetrovsk University. Series: Innovation management, 4, 9-18 [in Ukrainian].

Bahl, M. (2016). The Work Ahead: The Future of Businesses and Jobs in Asia Pacific’s Digital Economy. Retrieved from https://www.cognizant.com/white-papers/the-work-ahead-the-future-of-business-andjobs-in-asia-pacifics-digital-economy-codex2255.pdf

Baranov, D. N. (2018). Sushchnost' i soderzhanie kategorii «tsifrovaya ekonomika» [The essence and content of the digital economy category]. Vestnik Moskovskogo universiteta. Seriia: Ekonomika i upravlenie – Bulletin of Moscow University. Series: Economics and Management, 2, 15-23 [in Russian].

Belikova, K. M. (2018). Tsifrovaya intellektual'naya ekonomika: ponyatie i osobennosti pravovogo regulirovaniya (teoreticheskiy aspekt) [Digital intellectual economy: concept and features of legal regulation (theoretical aspect)]. Nauka i obrazovanie: khozyaystvo i ekonomika, predprinimatel'stvo, pravo i upravlenie – Science and education: economy and economics, entrepreneurship, law and management, 8(99), 82-85 [in Russian].

Bilotserkivets, V. V. (2015). Nova ekonomika: istoriia ta suchasnist u definityvnomu vymiri [The New Economy: History and the Present in the Definitive Dimension]. Investytsii: praktyka ta dosvid – Investment: practice and experience, 5, 9-13 [in Ukrainian].

Boden, M., Cagnin, C., Carabias, V., & Haegeman, K. (2010). Facing the future: time for the EU to meet global challenges. European Commission Joint Research Centre Institute for Prospective Technological Studies European Union. Retrieved from http://www.et2050.eu/docs/2010-IPTS_ Facing_the_Future.pdf

Brynjolfsson, E., & Kahin, B. (2000). Introduction. Understanding the Digital Economy, (рр. 1-10). Cambridge: MIT Press.

Brynjolfsson, E., & Kahin, B. (2000). Understanding the Digital Economy: Data, Tools, and Research. Cambridge: MIT Press.

Bukh, R., & Heeks, R. (2017). Defining, Conceptualizing and Measuring the Digital Economy. Global Development Institute working papers, 68. Retrieved from https://diodeweb.files. wordpress.com/2017/08/diwkppr68-diode.pdf

Chumachenko, N. E. (2014). Informatsionnaya ekonomika i novaya ekonomika: obshchee i osobennoe, ponyatiynyy apparat i soderzhanie [Information economy and the new economy: general and special, conceptual apparatus and content]. Vestnik Saratovskogo gosudarstvennogo sotsial'no-ekonomicheskogo universiteta – Bulletin of Saratov State Socio-Economic University, 7, 35-39 [in Russian].

Dahlman, C., Mealy, S., & Wermelinger, M. (2016). Harnessing the Digital Economy for Developing Countries. Paris: OECD. Retrieved from http://www.oecd-ilibrary.org/docserver/download/ 4adffb24-en.pdf

Dashchenko, Yu. Yu. (2018). Tsifrovaya ekonomika kak ekonomika budushchego [Digital economy as the economy of the future]. Tendentsii razvitiya nauki i obrazovaniya – Trends in the development of science and education, 35(1), 18-19 [in Russian].

Dyatlov, S. A., Maryanenko, V. P., & Selishcheva, T. A. (2016). Informatsionno-setevaya ekonomika: struktura, dinamika, regulirovanie [Information and network economy: structure, dynamics, regulation]. Moscow: INFRA-M [in Russian].

Dźwigoł, H. (2019). Research methods and techniques in new management trends: research results. Virtual Economics, 2(1), 31-48. https://doi.org/10.34021/ve.2019.02.01(2)

Elmasry, T., & et al. (2016). Digital Middle East: Transforming the Region into a Leading Digital Economy. New York: McKinsey & Company. Retrieved from http://www.mckinsey.com/global-themes/middle-east-and-africa/digital-middle-east-transforming-the-region-into-a-leading-digital-economy

Gronlund, L. (1898). The New Economy. A Peaceable Solution of the Social Problem. Chicago, New York: Herbert S. Stone & Company.

Gudz, O. Ye. (2018). Tsyfrova ekonomika: zmina tsinnostei ta oriientyriv upravlinnia pidpryiemstvamy [The Digital Economy: Changing the Values and Landmarks of Enterprise Management]. Ekonomika. Menedzhment. Biznes – Economy. Management. Business, 2(24), 4-12 [in Ukrainian].

Hasanov, T. A., & Hasanov, G. A. (2017). Tsifrovaya ekonomika – kak novoe napravlenie ekonomicheskoy teorii [Digital economy – as a new area of economic theory]. Regional'nye problemy preobrazovaniya ekonomiki – Regional problems of economic transformation, 6(80), 4-10 [in Russian].

Ivanov, V. V., & Malinetskiy, G. G. (2017). Tsifrovaya ekonomika: ot teorii k praktike [Digital economy: from theory to practice]. Innovatsii – Innovation, 12, 3-12 [in Russian].

Kit, L.Z. (2014). Evoliutsiia merezhevoi ekonomiky [Evolution of network economy]. Visnyk Khmelnytskoho natsionalnoho universytetu. Seriia: Ekonomichni nauky – Bulletin of Khmelnitsky National University. Series: Economic sciences, 2(3), 187-194 [in Ukrainian].

Knickrehm, M., Berthon, B., & Daugherty, P. (2016). Digital Disruption: The Growth Multiplier. Dublin: Accenture. Retrieved from https://www.accenture.com/_acnmedia/PDF-4/Accenture-Strategy-Digital-Disruption Growth-Multiplier.pdf

Koliadenko, S. V. (2016). Tsyfrova ekonomika: peredumovy ta etapy stanovlennia v Ukraini i u sviti [The Digital Economy: Prerequisites and Stages of Formation in Ukraine and in the World]. Ekonomika. Finansy. Menedzhment: aktualni pytannia nauky i praktyky – Economy. Finances. Management: topical issues of science and practice, 6, 105-112 [in Ukrainian].

Kuzior, A., Kwilinski, A., & Tkachenko, V. (2019). Sustainable development of organizations based on the combinatorial model of artificial intelligence. Entrepreneurship and Sustainability, 7(2), 1353-1376. http://doi.org/10.9770/jesi.2019.7.2(39)

Kwilinski, A. (2018a). Mechanism of modernization of industrial sphere of industrial enterprise in accordance with requirements of the information economy. Marketing and Management of Innovations, 4, 116-128. http://doi.org/10.21272/mmi.2018.4-11

Kwilinski, A. (2018b). Trends of development of the informational economy of Ukraine in the context of ensuring the communicative component of industrial enterprises. Economics and Management, 1(77), 64-70.

Kwilinski, A. (2018c). Mechanism of formation of industrial enterprise development strategy in the information economy. Virtual Economics, 1(1), 7-25. https://doi.org/10.34021/ve.2018.01.01(1)

Кwilinski, A. (2019). Implementation of Blockchain Technology in Accounting Sphere. Academy of Accounting and Financial Studies Journal, 23(SI2), 1528-2635-23-SI-2-412: 1-6. Retrieved from https://www.abacademies.org/articles/Implementation-of-Blockchain-Technology-in-Accounting-Sphere-1528-2635-23-SI-2-412.pdf

Kwilinski, A., & Trushkina, N. (2019). Informational economy in the global digital environment: trends and development priorities. Education, Law, Business, (pp. 20-23). Cartero Publishing House, Madrid, Spain.

Kwilinski, A., Dalevska, N., Kravchenko, S., Hroznyi, I., Kovalenko, I. (2019b). Formation of the entrepreneurship model of e-business in the context of the introduction of information and communication technologies. Journal of Entrepreneurship Education, 22(SI1), 1528-2651-22-S1-337: 1-7. Retrieved from https://www.abacademies.org/articles/Formation-of-the-entrepreneurship-model-of-e-business-1528-2651-22-S1-337.pdf

Kwilinski, A., Volynets, R., Berdnik, I., Holovko, M., & Berzin, P. (2019c). E-Commerce: Concept and Legal Regulation in Modern Economic Conditions. Journal of Legal, Ethical and Regulatory Issues, 22(SI2), 1544-0044-22-SI-2-357: 1-6. Retrieved from https://www.abacademies.org/articles/E-Commerce-concept-and-legal-regulation-in-modern-economic-conditions-1544-0044-22-SI-2-357.pdf

Kwilinski, A., Tkachenko, V., Kuzior, A. (2019d). Transparent cognitive technologies to ensure sustainable society development. Journal of Security and Sustainability Issues, 9(2), 561-570 http://doi.org/10.9770/jssi.2019.9.2(15)

Kwilinski, A., Trushkina, N., & Rynkevich, N. (2019). Kontseptual'nye podkhody k opredeleniyu termina “Informatsionnaya ekonomika” [Conceptual Approaches to Defining the Term “Information Economy”]. Problemy ekonomiki – The Problems of Economy, 3, 147-155. https://doi.org/10.32983/2222-0712-2019-3-147-155 [in Russian].

Lakhno, V., Malyukov, V., Bochulia, T., Hipters, Z., Kwilinski, A., & Tomashevska, O. (2018). Model of managing of the procedure of mutual financial investing in information technologies and smart city systems. International Journal of Civil Engineering and Technology, 9(8), 1802-1812. Retrieved from http://www.iaeme.com/MasterAdmin/UploadFolder/IJCIET_09_08_181/IJCIET _09_08_181.pdf

Lane, N. (1999). Advancing the digital economy into the 21st century. Information Systems Frontiers, 1(3), 317-320.

Liashenko, V. I., & Vishnevskyi, O. S. (2018). Tsyfrova modernizatsiia ekonomiky Ukrainy yak mozhlyvist proryvnoho rozvytku [Digital modernization of the Ukrainian economy as an opportunity for breakthrough development]. Kyiv: Institute of Industrial Economics of NAS of Ukraine [in Ukrainian].

Machlup, F. (1962). The Production and Distribution of Knowledge in the United States. Princeton, New Jersey: Princeton University Press.

Machlup, F. (1973). The Production and Distribution of Knowledge in the United States. New Jersey, Princeton.

Machlup, F. (2014). Knowledge: Its Creation, Distribution and Economic Significance. In Knowledge and Knowledge Production. New Jersey: Princeton.

Margherio, L., & et al. (1999). The Emerging Digital Economy. Washington, DC: Department of Commerce. Retrieved from http://www.esa.doc.gov/sites/default/files/emergingdig_0.pdf

Matveeva, I. V., & Khomenko, E. B. (2017). Stanovlenie kontseptual'nykh polozheniy teorii informatsionnoy ekonomiki: metodologicheskie i prakticheskie aspekty [Formation of the conceptual provisions of the theory of information economy: methodological and practical aspects]. Vestnik PNIPU. Sotsial'no-ekonomicheskie nauki – Bulletin of PNIPU. Socio-economic sciences, 1, 136-146. http://doi.org/10.15593/2224-9354/2017.1.11 [in Russian].

MIT Sloan Management Review, Strategy, Not Technology, Drives Digital Transformation – Becoming a Digitally Mature Enterprise (2015).

Mesenbourg, T.L. (2001). Measuring the Digital Economy, US Bureau of the Census, Suitland. https://www.census.gov/content/dam/Census/library/working-papers/2001/econ/umdigital.pdf

Pająk, K., Kamińska, B., & Kvilinskyi, O. (2016). Modern trends of financial sector development under the virtual regionalization conditions. Financial and Credit Activity: Problems of Theory and Practice, 2(21), 204-217. https://doi.org/10.18371/fcaptp.v2i21.91052

Panshin, B. (2016). Tsifrovaya ekonomika: osobennosti i tendentsii razvitiya [Digital economy: features and development trends]. Nauka i innovatsii – Science and innovation, 3(157), 17-20 [in Russian].

Pashkus, V. Yu. (2006). Novaya ekonomika: ponyatie i prichiny vozniknoveniya. Stanovlenie informatsionnoy ekonomiki: teoriya i praktika [New economy: concept and causes. The formation of the information economy: theory and practice], (pp. 24-27). St. Petersburg: Nestor [in Russian].

Pidoymo, L.P., & Buturlakina, E.V. (2010). Suschnost kategoriy «informatsionnoe obschestvo», «informatsionnaya ekonomika» [The Essence of Definitions «Information Society» and «Information Economy»]. Sovremennaya ekonomika: problemyi i resheniya – Modern Economics: Problems and Solutions, 4(4), 112-118. Retrieved from https://meps.econ.vsu.ru/meps/article/view/824/431 [in Russian].

Porat, M.U. (1977). The information economy: definition and measurement. Washington: U.S. Dept. of Commerce, Office of Telecommunications.

Shkarlet, S. N. (2014). Informatsionnaya ekonomika kak osnova sotsial'no-ekonomicheskoy regeneratsii Ukrainy [Information economy as the basis of socio-economic regeneration of Ukraine]. Ekonomika Ukrainy – Economy of Ukraine, 11(628), 51-60 [in Russian].

Tapscott, D. (1996). The Digital Economy: Promise and Peril in the Age of Networked Intelligence. New York: McGraw-Hill.

Tapscott, D., & Williams, E.D. (2009). Wikinomics: How Mass Collaboration Changes Everything. New York: BestBusinessBooks.

Teslenko, I. B., & et al. (2016). Tsifrovaya ekonomika [Digital economy]. Moscow: Rusains [in Russian].

Tkachenko, V., Kwilinski, A., Klymchuk, M., & Tkachenko, I. (2019a). The economic-mathematical development of buildings construction model optimization on the basis of digital economy. Management Systems in Production Engineering, 27(2), 119-123. http://doi.org/10.1515/mspe-2019-0020

Tkachenko, V., Kwilinski, A., Korystin, O., Svyrydiuk, N., Tkachenko, I. (2019b). Assessment of information technologies influence on financial security of economy. Journal of Security and Sustainability, 8(3), 375-385. http://doi.org/10.9770/jssi.2019.8.3(7)

Tkachenko, V., Kwilinski, A., Tkachenko, I., & Puzyrova, P. (2019c). Theoretical and methodical approaches to the definition of marketing risks management concept at industrial enterprises. Marketing and Management of Innovations, 2, 228-238. http://doi.org/10.21272/mmi.2019.2-20

Tkachenko, V., Kuzior, A., & Kwilinski, A. (2019d). Introduction of artificial intelligence tools into the training methods of entrepreneurship activities. Journal of Entrepreneurship Education, 22(6), 1-10. Retrieved from https://www.abacademies.org/articles/Introduction-of-artificial-intelligence-tools-1528-2651-22-6-477.pdf

Tugui, A. (2015). Meta-Digital Accounting in the Context of Cloud Computing. Encyclopedia of Information Science and Technology (3rd ed.), (pp. 20-32). USA: IGI Global.

Abstract views: 380
PDF Downloads: 200
Published
2019-10-27
How to Cite
Trushkina, N. (2019). Development of the information economy under the conditions of global economic transformations: features, factors and prospects. Virtual Economics, 2(4), 7-25. https://doi.org/10.34021/ve.2019.02.04(1)
Section
Articles