Theoretical fundamentals of the formation of the digital economy: analysis of the conceptual apparatus

Abstract

Introduction. The formation of the digital economy requires analysis, study and understanding of a range of terms that cover various aspects of transformation processes. To ensure the smooth running of this process, it is necessary not only modern equipment and digital technologies, but also a clear presentation of results and business processes, which, in turn, requires in-depth study of terminology in this area and establishing links between certain terms and categories, such as "digitization", "digitalization", "digital transformation", "digital economy". The purpose of the paper is to study, clarify and establish the relationships between the basic concepts of the process of digital transformation in the modern economy. Results. Digital transformations, which is spreading now around the world, began their global expansion from developed countries: the European Union and the United States. Foreign scientists began to form the theoretical foundations of digital transformation processes, formulating the conceptual foundations of digital transformations, the study of which allowed to distinguish two approaches to the interpretation of the concept of "digital transformations": process and result. In our opinion, it is expedient to consider digital transformations from the angle of the process-result approach. A detailed analysis of existing interpretations of the concepts of "digitalization", "digital transformations", "digital development" and "digital economy" allowed to build a certain meaningful chain that illustrates the relationship between these concepts. Thus, digital transformations are a continuous process, the result of which is the transition to the latest economic model – the digital economy. Conclusions. The analysis of theoretical, legislative and scientific-practical sources allowed not only to provide a final definition of the considered categories, but also to clearly distinguish them. Prospects for further research will relate to the creation of an appropriate theoretical and methodological basis for the development of the latest economic model and its adaptation to Ukrainian realities.