Digital Transformation of Media: Challenges and Opportunities

Abstract

This paper is the result of the analysis of the evolution of media landscape in the context of the development and spread of digital technologies. The article exam­ines the qualitative impact of digitalization on the business and operational models of traditional print media in the context of the obvious need for organizations in this field to adapt to the requirements of the digital age. The research emphasizes the importance of trust as a cultural phenomenon and its key role in decision-making under conditions of information overload. Using analytical and systemic approaches, the authors of the study explore the scale and multidimensionality of the evolution of the media industry in a multifaceted way. The article also analyzes the current state and prospects of AI integration in media activities, in particular, such technology products as predictive analytics and content personalization, which are significantly changing the processes of information content creation and distribution. The authors also con­sider the shift from hierarchical content distribution to a model of co-production and co-consumption, and highlight the importance of content personalization and the impact of the platform economy on the business models of modern media. The authors conclude that, despite the challenges, print media can remain relevant and successful if they can pay sufficient attention to the quality and uniqueness of their content to maintain the trust of an audience that needs to effectively navigate the competitive digital environment.