The theoretical fundamentals of the transformation of the development of the digital economy

Abstract

This study reveals the essence and importance of the digital economy as a major factor in socioeconomic development. The benefits of digitalization for society and the economy in general have been proven, as users of digital services and products have the ability to gain high-speed Internet access and improve their information and knowledge base, making life more comfortable and convenient. It is proved that Ukraine ranks first regarding freelancers among European countries, and therefore improving the legal and regulatory framework for this type of activity will improve the socioeconomic standard of living. The aim of this work is to reveal the theoretical and practical foundations of the importance of the digital economy as a factor in the socioeconomic development of the state. The paper notes that the modern global labor market is a complex, multi-component and dynamic system that is permanently affected by information technology, which, in turn, entails changes in the content of the labor process, its organization, employment structure, social and labor relations, and also requires the formation of fundamentally new competencies of the employee. Digital technologies have created a very specific process of labor and have changed all of its elements: the subject, means, technology, organization and results of labor. The impact of new technologies on human resources is unpredictable. This process is complex because it is not so much about innovative technologies as about how people are going to use them. This paper contains an economic analysis of the main trends, problems and prospects of the digital economy in Ukraine in terms of key sectors, namely: telecommunications, IT technology and information services. It is established that these industries are developing quite rapidly and show relatively strong economic results. This contributes to increasing the investment attractiveness of enterprises, in particular for external investors. Prerequisites for the development of the digital technology sector in Ukraine are the growing market of information services, the availability of human capital, and minimal government intervention in the functioning of the industry. These scientific research results are focused on developing a set of modern economic instruments and identifying promising areas of digital transformation of economic systems, including conceptual approaches to the transformation of the digital economy, which, unlike existing approaches, take into account the components of stimulation, motivation, and indicators of digital economy development.