2021•˜The œEuropean Proceedings of Social & Behavioural SciencesOpen access

National Models Of The Digital Economy And Development Mechanisms

E.A. Hasanov

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Abstract

The article attempts to analyze the development of the digital economy, its models, as well as the possibility of stimulating small venture entrepreneurship as a factor of innovative development of the digital economy. The dominant trend in the development of a global digital society is the crystallization of the essence of the digital economy. In modern conditions, the digital economy has become a development trend and determines the configuration of emerging industries. The development of the digital economy is accelerated within the third stage and is due to the increasing role of those economic activities that are associated with the production of digital goods and services. the Diffusion of digital technologies causes corresponding structural changes in the economy. The functioning of the digital economy reflects the recognition that digital transformation directly determines the parameters of its continuous growth. This creates the fundamental factors for a continuous innovation process. The core of the development of this economy is, first of all, the expansion of digital platforms and technologies, artificial intelligence, the formation of new industries with the technological reconstruction of existing production facilities. The digital economy model is based on digital technologies, platforms that include modern innovations such as cloud computing, big data, business Analytics, and others. New sources and factors of production are coming to the fore: information, various forms of intangible accumulation, digital platforms, technologies, etc. At the same time, the supporting structures of the market economy in developed countries are being transformed.

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What this paper is about

The article attempts to analyze the development of the digital economy, its models, as well as the possibility of stimulating small venture entrepreneurship as a factor of innovative development of the digital economy. The dominant trend in the development of a global digital society is the crystallization of the essence of the digital economy. In modern conditions, the digital economy has become a development trend and determines the configuration of emerging industries. The development of the digital economy is accelerated within the third stage and is due to the increasing role of those economic activities that are associated with the production of digital goods and services. the Diffusion of digital technologies causes corresponding structural changes in the economy. The functioning of the digital economy reflects the recognition that digital transformation directly determines the parameters of its continuous growth. This creates the fundamental factors for a continuous innovation process. The core of the development of this economy is, first of all, the expansion of digital platforms and technologies, artificial intelligence, the formation of new industries with the technological reconstruction of existing production facilities. The digital economy model is based on digital technologies, platforms that include modern innovations such as cloud computing, big data, business Analytics, and others. New sources and factors of production are coming to the fore: information, various forms of intangible accumulation, digital platforms, technologies, etc. At the same time, the supporting structures of the market economy in developed countries are being transformed.

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Available abstract

The article attempts to analyze the development of the digital economy, its models, as well as the possibility of stimulating small venture entrepreneurship as a factor of innovative development of the digital economy. The dominant trend in the development of a global digital society is the crystallization of the essence of the digital economy. In modern conditions, the digital economy has become a development trend and determines the configuration of emerging industries. The development of the digital economy is accelerated within the third stage and is due to the increasing role of those economic activities that are associated with the production of digital goods and services. the Diffusion of digital technologies causes corresponding structural changes in the economy. The functioning of the digital economy reflects the recognition that digital transformation directly determines the parameters of its continuous growth. This creates the fundamental factors for a continuous innovation process. The core of the development of this economy is, first of all, the expansion of digital platforms and technologies, artificial intelligence, the formation of new industries with the technological reconstruction of existing production facilities. The digital economy model is based on digital technologies, platforms that include modern innovations such as cloud computing, big data, business Analytics, and others. New sources and factors of production are coming to the fore: information, various forms of intangible accumulation, digital platforms, technologies, etc. At the same time, the supporting structures of the market economy in developed countries are being transformed.

Key concepts: Digital economy, Digital transformation, Information economy, Big data, Production (economics), Economy, Post-industrial economy, Cloud computing

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