Digital Transformation Of Economy Research Articles

Taxonomy of financial reporting in compliance with international standards: practical aspects

Financial reporting is an important part of economic life. The order of preparation and submission of financial reporting is formed under the influence of various factors, including the following ones: the state of the economy, the level of information technology development, the needs of stakeholders, and others. Strengthening of the trends in digital transformation of economy resulted in the emergence of new trends in financial reporting or certain modification of existing ones. The place and role of electronic format for submitting the financial recording according to XBRL Taxonomy in compliance with International Financial Reporting Standards are investigated in this paper. Creation of digital, unambiguous, accurate, and multiple versions of financial reporting is one of the main features of XBRL standard. Theoretical and methodological statements of XBRL format application for reporting based on IFRS Taxonomy are determined, its defining features and advantages are investigated. The prospects of XBRL technology use are proved, since business reports in this format facilitate the search of data for financial reporting on the Internet and the possibility of their automatic analysis. IFRS Taxonomy improves communication between compliers and users of financial reporting that comply with IFRS Standards. The distinctive feature of financial reporting based on XBRL electronic format is its flexibility, and therefore XBRL reporting is becoming more popular. The transition of domestic companies that are required to report under IFRS to statutory report in the XBRL Taxonomy format requires the assessment of their technical and resource capacities. Problematic issues on the way of introduction the taxonomy of financial reporting UA XBRL IFRS are outlined. Particularly, the need to develop software products adapted to the Ukrainian taxonomy is highlighted. Therefore, in Ukraine there is the growing need to train specialists with sufficient level of knowledge in both XBRL and IFRS. Further maintaining the trend of priority of the electronic reporting format will contribute.

Digital transformation of Ukrainian regions: objective need, digital development principles and regulation features

The purpose of the article is to investigate and substantiate the formation of objective need, development principles, and regulation features of digital transformation of Ukrainian regions. The general scientific methods, including generalization and the systematic approach, are used to determine the theoretical foundations and trends of the digital transformation of Ukrainian regions and to summarize the basic principles of the digital transformation. The benefits of digitalization for society and the economy as a whole are proven. The constant consolidation of power and business to implement and improve the quality of digitalization is today an important task, the solution of which will ensure a new level of competitiveness of the economy. The basic principles of digitalization at the global and national levels are explored. The regional level of development of digitalization shows that the Lviv region remains the leader among all. There is a Digital Transformation Program for 2016-2020 in Lviv aimed at achieving world standards of administrative and communal services, openness and accessibility of city authorities, efficiency of managing the city economy, using information technologies in all spheres of city life. In Ukraine, which ranks first in freelancing among European countries, there is an interesting distribution of digital platform workers in regions, most of which are centered in the Central Region. Even without Kyiv, the Central Region leads the share of freelancers together with the Southern Region (20% and 22% respectively). Digital platform workers in the Western region are slightly less represented (14%), and the least - in the East (11%), which is affected by the military conflict. Prospective research is to substantiate further directions and ways of developing the digital economy transformation at the regional level.

ОСВІТНЬО-НАУКОВА СИСТЕМА ФОРМУВАННЯ НАУКОВИХ ТА НАУКОВО-ПЕДАГОГІЧНИХ КАДРІВ ВИЩОЇ КВАЛІФІКАЦІЇ З ЦИФРОВОЇ ТРАНСФОРМАЦІЇ УКРАЇНСЬКОЇ ОСВІТИ І НАУКИ (до 20-ї річниці Інституту інформаційних технологій і засобів навчання НАПН України)

Training of highly qualified specialists is recognized as one of the most authoritative branches of the national educational system. At the Institute of Information Technologies and Learning Tools of the National Academy of Educational Sciences of Ukraine considerable attention is paid to the training of scientific and scientific-pedagogical staff of higher qualification, i.e., the center of training and certification of a new generation of scientific and scientific-pedagogical staff to ensure the process of education and science digitalization in Ukraine is postgraduate, doctoral and specialized scientific council. The article covers the experience of the Institute of Information Technologies and Learning Tools of the of the National Academy of Educational Sciences of Ukraine in the context of training and certification of scientific and scientific-pedagogical staff of higher qualification. The initiative to create a scientific specialty 13.00.10 - information and communication technologies in education, which is aimed at solving the problem of training postgraduate and doctoral students conducting research to ensure the process of digitalization of education, is described. The role of the Institute of Information Technologies and Learning Tools of the National Academy of Educational Sciences of Ukraine in the issues of digitalization of education and science of Ukraine is emphasized. The Concept of development of digital economy and society of Ukraine for 2018-2020 is analyzed and it is determined that it does not mention at all the importance of training the personnel for digital transformation of economy and society, in particular of those who will carry out these processes, also does not point out the importance of conducting previous scientific research to make these processes effective and efficient. Organizational and pedagogical conditions for providing effective training of scientific and scientific and pedagogical staff of higher qualification and experience of their implementation at the Institute of Information Technologies and Learning Tools of the National Academy of Educational Sciences of Ukraine are presented and analyzed. The educational and scientific system of formation of scientific and scientific-pedagogical staff of higher qualification on digital transformation of Ukrainian education and science and interaction of the Institute of Information Technologies and Learning Tools of the National Academy of Educational Sciences of Ukraine and other institutions in its implementation have been developed and substantiated.

DIGITAL PLATFORMS AS TIMELY INNOVATIONS

According to the text of the Instruction of the Government of the Russian Federation of 28.07.2017 №1632-r, the term “digital economy” means “the program aimed at creation of eco-system in which the data in the digital form are the key production factor in all spheres of social and economic activity …» [1]. Digital platforms are the key tool of digital economy transformation. Now there is no uniform definition or approach to the concept of “digital platform”. We will consider only some of them.

Artificial intelligence and digital transformations in the society

The article describes the global trends in the digital economy development. The role of artificial intelligence for the formation of the institutional environment of ecosystems is highlighted. Tendencies of society’s institutional changes in connection with digital transformation of economy are described. New organizational forms of cooperation and the role of artificial intelligence for the formation of effective methods of organizations management that seek to build a strategy of interaction in the digital environment are described. The problems of transition to a new level of post-institutional economy development are highlighted. The paper describes the boundaries of the digital economy and the trends of changes in the institutional environment

Tools of quality economics: sustainable development of a ‘smart city’ under conditions of digital transformation of the economy

The article covers the issues of ensuring sustainable city development based on the achievements of digitalization. Attention is also paid to the use of quality economy tools in managing ‘smart’ cities under conditions of the digital transformation of the national economy. The current state of ‘smart’ cities and the main factors contributing to their sustainable development, including the digitalization requirements is analyzed. Based on the analysis of statistical material, the main prospects to form the ‘smart city’ concept, the possibility to assess such parameters as ‘life quality’, ‘comfort’, ‘rational organization’, ‘opportunities’, ‘sustainable development’, ‘city environment accessibility’, ‘use of communication technologies’. The role of tools for quality economics is revealed in ensuring the big city life under conditions of digital economy. The concept of ‘life quality’ is considered, which currently is becoming one of the fundamental vectors of the human civilization development, a criterion that is increasingly used to compare countries and territories. Special attention is paid to such tools and methods of quality economics as standardization, metrology and quality management. It is proposed to consider these tools as a mechanism for solving the most important problems in the national economy development under conditions of digital transformation.

Digital transformation of trade: problems and prospects of marketing activities

The article analyzes the basic concepts that characterize the problems of digital transformation of economy; identifies the main directions of the transformation of trade in the digital economy, characterized by increased competition, dramatically increased opportunities for collecting and processing data using artificial intelligence, changing consumer behavior in the digital environment. The key problems of the development of trade enterprises are formulated: improvement of digital methods for collecting, processing, analyzing marketing information; organization of interaction with consumers in the digital environment; automation of planning and implementation of marketing activities. Directions of improving the marketing activities of a commercial enterprise stipulated by the digital transformation are specified: in the development of product policy it is the emergence of fundamentally new ‘smart’ goods and services; modernization of traditional goods, aimed at implementing the functions of interaction in the digital environment at the level of goods-goods, goods-external environment, goods-people; formation of new markets for devices, equipment, systems of interaction of various objects; in the development of pricing policy, it is taking into account both the possibility of a ‘skimming’ strategy when introducing a product with new characteristics to the market, and a rapid price drop; accounting for the emergence of a large number of services, price comparison for goods and services, systems of interaction with the buyer in real time, offering goods and services in a given place at a given time and at the best prices; when developing a promotion strategy taking into account the factor of interaction in cyberspace.

Reducing global risks in the process of transition to the digital economy

In the context of starting period of implementation of a grand-scale comprehensive program for the development of a new technological generation economy, a detailed consideration of the possible scenarios of the digital economy transformation and study of various approaches to its implementation become fundamentally important. Presently a group of authors of Peter the Great St. Petersburg Polytechnic University have undertaken a comprehensive study dedicated to this issue. More than two hundred primary sources of reference have been analyzed. Several main groups of risks associated with the shift to global digitalization have been defined and classified with reference to the results of the research undertaken. In order to specify the ways of adaptation to the circumstances and facts of the digital economy, the researchers have analyzed the experience of several leading enterprises which use digital technologies in their work. The research results described in this article provide the basis for draft recommendations on reducing the likelihood of the occurrence of the risks revealed.

Теоретические основы взаимодействия цифровой трансформации и качества жизни населения

Теоретические основы взаимодействия цифровой трансформации и качества жизни населения

On-line shopping behaviour in the Czech Republic under the digital transformation of economy

On-line shopping behaviour in the Czech Republic under the digital transformation of economy