Abstract
The purpose of the article is to present the essence and significance of the digital economy, to analyze the work done in the field of digital economy in the Republic of Armenia, to present clear proposals for the development of the digital economy in the Republic of Armenia. In order to achieve the set goal, the article presented the researches of Armenian and foreign authors on digital economy, the positive-negative sides of digital economy, the work carried out in the field of digital economy, as well as a number of problems hindering the development of digital economy in Armenia. As a result of the studies and analyzes, clear recommendations were presented, the application of which will contribute to the development of the digital economy in the Republic of Armenia.
Highlights
Digitalization is one of the strongest trends that are changing the global economy today
The era of digitalization is slowly and surely, and at the same time inevitably changing the face of the industry, the structure of economies, and the whole way of life and thinking[1]
The driving forces behind this emergence are economic and political, but they have roots in technological innovation
Summary
Digitalization is one of the strongest trends that are changing the global economy today. In the 1990s, economic changes were associated mainly with emergence of the Internet, and this remains a foundation for growth of the digital economy. During the 2000s and 2010s a succession of new information and communication technologies (ICTs) has diffused and underpinned economic change. This includes the embedding of connected sensors into more and more objects (the Internet of things); new end-user devices (mobile phones, smartphones, tablets, netbooks, laptops, 3D printers); new digital models (cloud computing, digital platforms, digital services); growing intensity of data usage through spread of big data, data analytics and algorithmic decision-making; and new automation and robotics technologies[2]
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