Abstract

In today’s rapidly changing conditions of economic development, which entail the emergence of new growth drivers, as well as the rapid pace of technological changes, new megatrends, new threats to the economic security and stability of territories and regional markets are emerging. In such a situation, only new approaches to the formation of strategies and justification of management decisions will make it possible to turn new threats into new opportunities and competitive advantages. The paper studies the concept and essence of the potential of digitalization of industry as a factor of sustainable development of the territory. The analysis of the dynamics of digitalization of the Russian Federation and the regions of the Volga Federal District is presented, the structure of the digital potential of the territories and their economic entities is presented. A method for calculating the potential of digitalization of the industry in the regions is proposed, and the main problems of its implementation are identified.

Highlights

  • The competitiveness of territories and their economic entities directly depends on innovative activities based on the knowledge economy and modern communication and information technologies

  • The issues of ensuring digital potential and sustainable development of the digital economy are considered in the works of various scientists, there are analytical reviews of the processes of digitalization, the analysis of the level of digitalization of countries is carried out, but all these studies interpret these concepts differently and use different indicators for evaluation

  • If we proceed from the classical definition of the economy, the digital economy should be understood as "economic production, as well as a set of relations that develop in the system of production, distribution, exchange and consumption based on the use of digital technologies"

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Summary

Introduction

The competitiveness of territories and their economic entities directly depends on innovative activities based on the knowledge economy and modern communication and information technologies. "It is the innovative competitive advantages of the region, in contrast to the limited natural resources, that can ensure its sustainable progressive development in the present and future" [1]. The issues of ensuring digital potential and sustainable development of the digital economy are considered in the works of various scientists, there are analytical reviews of the processes of digitalization, the analysis of the level of digitalization of countries is carried out, but all these studies interpret these concepts differently and use different indicators for evaluation. A. consider as a digital potential a set of resources, internal capabilities of economic entities for the implementation of the stages of the cycle of development of information technologies and functional areas of activity in which information technologies can be used. B. define digital potential as an integral indicator that reflects the current level and future opportunities for the use of digital technologies by an economic entity, taking into account the conditions of the external environment

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