Barakov V.S. DIGITALTRANS FORMATION OF INDUSTRIAL ENTERPRISES AND ECONOMIC GROWTH
DOI: https://doi.org/10.15688/ek.jvolsu.2023.4.8
Vladislav S. Barakov
Candidate of Sciences (Economics), Associate Professor, Department of Economic Theory, Regional Economics and Entrepreneurship, Senior Researcher, Department of Economic Theory, Regional Economics and Entrepreneurship, Volgograd State University, Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0009-0006-7639-0377
Abstract. The article examines the features of the digital transformation of industrial enterprises in the Russian Federation at the present stage of their development. The empirical part of the study is focused on examining the growth rates of large enterprises representing various sectors of the country’s national economy (EvrazHolding, Sukhoi Company, and Gazprom Neft) and their transformation as part of the digitalization of the domestic economic system. Their benefits from the introduction of digital technologies into production processes, including ecosystem purposes, which simplify the process of selling products without loss of quality, ensuring a high level of cooperation between platform participants and high market transparency, are considered. The indicators of profitability and business activity of the above companies (2017–2021) were studied as part of the digital transformation of these enterprises. The problems of introducing digital technologies are identified: high risks of data leakage when introducing online technologies; high costs of introducing digital technologies; changes in the labor market; customer privacy costs; errors in device operation, calculations, and software. In accordance with the above-identified problems, ways to resolve them have been developed based on a strategic approach to the digital transformation of the financial and economic activities of enterprises: preparation of production in accordance with the requirements of the digital passport of the Ministry of Industry and Trade; drawing up an investment schedule; preparation of a business process reengineering schedule; determination of strategic directions for R&D to improve the quality of products and increase labor productivity through digital technologies.
Key words: digital transformation of the economy, economic growth, industrial enterprises, economic growth indicators, digitalization.
DIGITALTRANS FORMATION OF INDUSTRIAL ENTERPRISES AND ECONOMIC GROWTH by Barakov V.S. is licensed under a Creative Commons Attribution 4.0 International License.
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