Abstract

Nowadays each country considers a direction of the digital economy development prioritized. The purpose of the research is to analyze and synthesize the existing prospects of databases development in the digital economy, as well as to identify key technologies and tools that will contribute to this development. Digital technologies are the foundation of a country's prosperity, as they create new opportunities in a rapidly changing world. Today Ukraine's rating on international indices of the global digital competitiveness is unstable. Currently the country is focused on the development of innovations, however, hasn’t used them to improve the economic performance yet. To ensure the operation with databases in modern information systems the database management systems are used. Today there are 378 database management systems in the world. The distinctive feature of the database is that the information within it is necessarily processed by electronic media with a subsequent systematization, which is a subject to certain rules. Designing a database is a complex and time-consuming process. The process of a designing the database means to create a database schema and determine the necessary information integrity constraints. Databases are used as a part of the information system: computer-aided design systems, data banks, information retrieval and expert systems, automated workstations, automated control systems. The process of a proper and timely development of the digital economy can significantly affect the production growth rate, quality of life, level of services. Any process requires special tools, methods and technologies. Regarding tools in the context of the digital economy, such concepts as the Internet of Things, big data, blockchain, neural networks, cloud computing and other tools are generally implied, where the main focus of them is to maximize the digitization of all the information flows for the creation of an information society. It is determined that databases as a powerful component of digital tools allow to combine production with individuality, reduce the development period of innovative ideas till the sale of finished products, provide an opportunity to achieve an effective adaptation to consumer requirements.

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