DIGITALIZATION OF THE COUNTRY'S ECONOMY: TRENDS AND PERSPECTIVES

Abstract

Enhancing the competitiveness of enterprises and individual economies today largely depends on the level and efficiency of adopting advanced innovative technologies in various sectors such as manufacturing, service provision, healthcare, agriculture, education, defense, and more. The use of algorithms and computer systems to solve tasks that traditionally required human intellectual activity has long become the norm. The digital transformation of the economy influences labor markets, the operational efficiency of enterprises, innovation development, giving rise to additional demands for regulating specific aspects of digital technologies and addressing issues related to unauthorized dissemination of personal information – ensuring cybersecurity. Global trends indicate the ongoing development of digital technologies and their implementation across all facets of life, business, and governance. Therefore, the study of trends and prospects in the digitization of the country's economy will remain a relevant task for an extended period. The digital transformation of the economy is a key strategic direction for the country's development. Among the promising directions for the development of the digital economy, analysts highlight the security of 5G, virtual reality gaming, virtualization software, digital education, digitization of healthcare and vaccination, e-commerce logistics, alternative energy, and FinTech as a service. The adoption of technologies, the Internet of Things, artificial intelligence, and other innovative solutions contributes to increased productivity and competitiveness. Digital solutions are implemented to enhance efficiency across all economic sectors, utilized in public administration, and play a crucial role in societal activities. Challenges and risks associated with digital transformation include issues of cybersecurity, changes in organizational culture, and the need for continuous technological updates and innovation implementation. The process of implementing digital assets, solutions, and tools will gain momentum in the coming decade, making the formation of prospective industries essential for enhancing the country's competitiveness and ensuring its sustainable development.