Abstract
The race of states for digital leadership faces the challenges of digital transformation foresight, providing combinatorial effects and acceleration of digitalization processes, contributing to a more efficient allocation of limited financial resources. This situation determines the relevance of the authors’ study, which aims to develop an appropriate model for the allocation of funds for digital technologies. The methodology of the study is based on the concepts of technological modes and cyclical development of the economy. The paper presents the authors’ definition of the concept “digital space,” which is new to Russian scientific literature. The key research method is mathematical modeling. The scientific novelty of the paper is chronological architectonics of digital transformations, built by the authors, and the model of distribution of financing under the investment constraints due to the trust limit of the society institutions, the time of fluctuations of the system of technological adaptation, and the response of the institutional environment to the digital limits of the transformations. The practical significance of the proposed models is the identified tandem interconnected digital technologies of the areas of combinatorial effects that accelerate the dynamics of Industry 4.0, as well as the resulting tools for the effective management of digital technology financing. The obtained theoretical and empirical results are desirable for the heads of government agencies, foundations, corporations, and development agencies, as well as enterprises interested in accelerating digital transformation and increasing strategic competitiveness in the digital space.
Highlights
Trends of digital transformations of national economies during the period of intensified sanctions, i.e., the critical spread of the COVID-2019 pandemic, the isolation of state structures, increased protectionism in the functioning of the national economy, the fluctuations of free trade, and the negative manifestation of dysfunctions of public institutions, lead to intensified rates of introducing digital transformations and new business models and technologies in all areas of the economy and life
Digital technologies are becoming the basis of the economy in the context of the fourth industrial revolution, the change of technological modes, the formation of a new type of society and noonomics
The digital economy and its regulation are becoming an agenda for developed countries, which are competing for economic leadership in the world based on digital technologies, the fifth and sixth technological modes
Summary
Trends of digital transformations of national economies during the period of intensified sanctions, i.e., the critical spread of the COVID-2019 pandemic, the isolation of state structures, increased protectionism in the functioning of the national economy, the fluctuations of free trade, and the negative manifestation of dysfunctions of public institutions, lead to intensified rates of introducing digital transformations and new business models and technologies in all areas of the economy and life. The presence of imbalances and uneven development of intellectual capital does not ensure realization of the economic potential for many business entities, which poses serious barriers to the maintenance of sustainability and stability of the national economy (Dmitriev 2018; Rayevnyeva and Touzani 2021). All this determines the relevance of forming a scientific basis for the management of cash flows to develop digital technologies
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