Smart Economy Research Articles

The theoretical concept of economic development at the present stage is the process of smartization and digitalization

The principal trends in economic development at the advent of the 21st century evince substantial alterations occurring as a consequence of the advent of cutting-edge technologies, globalization, and social transformation. These developments contribute to the efficiency, productivity, and competitiveness of economies, while simultaneously creating new opportunities and challenges for business and society. The principal trends in economic development at this juncture are the processes of «smartization» and «digitalization,» which have become indispensable prerequisites for economic advancement across all sectors of production and social activity. The digital transformation entails the integration of digital technologies into all facets of business and social activities. This includes the automation of business processes, the development of e-commerce, and the use of big data. At the same time, the smartization of cities and economies involves the use of intelligent systems to improve the efficiency of urban management, energy, transportation, and other sectors. The development of information technologies and the growth of artificial intelligence create conditions for economic transformation, and the integration of digital technologies into all spheres of life and economy can lead to changes similar to those that occurred as a result of the Industrial Revolution. In the long run, the smart economy may change not only the ways of production and consumption, but also social structures and the interaction between humans and machines. However, this raises the need for society to adapt to the rapidly changing technological reality and the importance of developing the skills that will be needed in the future digital world.The article identifies the features of digitalization and smartization as socio-economic phenomena that characterize the current stage of development of the global economy. The article analyzes the conceptual differences between digitalization and smartization as basic concepts of economic development and the current stage of its development and identifies the key characteristics of their implementation.

Policy Text AI Mining Study —— A Comparative Analysis Based on U.S., U.K., and Chinese Policies

Artificial Intelligence (AI) has become a key strategic area to enhance national competitiveness globally. We adopts a textual analysis methodology, based on the three-dimensional framework of policy tools and the LDA thematic model, to conduct a systematic analysis and comparative study of the AI policy texts of the United States, the United Kingdom, and China. The study aims to reveal the policy stance, strategic planning, and challenges and opportunities faced by the three countries in the field of AI. Through the analysis, the study identifies the major themes in the policy texts of each country and maps them to the three dimensions of supply, demand, and environment of policy tools. The study finds that the US AI policy focuses on international cooperation, fair civil rights, and innovation ecology; the UK emphasizes ethical governance and legal regulation; and China highlights innovation-driven and smart economy development. In addition, all three countries emphasize building a stable, predictable and innovation-supportive policy environment. The study puts forward a series of comprehensive recommendations, including strengthening international cooperation, balancing innovation and regulation, optimizing a supportive innovation ecosystem, improving the legal system, focusing on talent cultivation, and building an AI innovation alliance. These recommendations aim to promote the healthy development of global AI technologies and maximize their positive contributions to the economy and society.

The Role of Digital Transformation in Enhancing Business Performance and Smart Economy Integration: A Case Study of Thailand’s Retail Industry

This research examines the relationship between digital transformation, business performance, and the smart economy. The study uses a purposive sampling method with a quota approach, targeting business owners or managers from traditional retail businesses in smart cities across Thailand. 389 usable responses were collected and analyzed in Structural Equation Modeling (SEM). Digital transformation positively correlates with business performance. Moreover, both digital transformation and business performance positively impact the smart economy. The findings support that digital transformation enhances business performance and contributes to the smart economy in retail operations, improving customer experiences and fostering smart economies. This study advances the academic understanding of digital transformation in Thailand’s retail sector, confirming the relevance of the TOE framework. The findings provide practical insights for retail businesses seeking to enhance performance and integrate with the smart economy through digital transformation.

COMPARATIVE ANALYSIS OF SMART ECONOMY DEVELOPMENT IN SELECTED COUNTRIES OF SOUTHEAST ASIA

Research subject. The development of the global economy indicates the formation of a new trend in the formation of the smart economy, which currently covers both developed and developing countries. According to the analysis, developed countries are leaders in economic development precisely because of the development of technologies that are the basis for the formation of the smart economy and the smart intellectualisation of economic activity. The smart economy in Asia is actively developing due to the intensive introduction of the latest technologies, innovative management approaches, and increased resource efficiency. Asian countries such as China, Japan, South Korea, Singapore, and India are leaders in the development of the smart economy. At the same time, Asian countries have been demonstrating one of the highest rates of economic development since the beginning of the XXI century, which is primarily due to the active technologisation of production and the spread of communication technologies in all areas of economic activity. Several technology centres are emerging in Asia, concentrating technology companies and creating a favourable environment for the development of the smart economy. Methodology. The article conducts a comparative analysis of the factors contributing to the development of the smart economy in individual Asian countries, identifies the most influential factors and the degree of their impact on each country. The purpose of this study is to identify the factors influencing the development of the smart economy and compare their impact in the economies of China, India and Singapore. To achieve this goal, the following research objectives are envisaged: to identify factors that have a significant impact on the development of the smart economy in different countries; to assess the impact of individual factors on the development of the smart economy in China, India and Singapore; to compare the impact of individual factors of the smart economy on the economies of these countries; and to assess the models of smart economy development in China, India and Singapore. Conclusion. The smart economy in Asia is characterised by unique features that reflect the cultural, technological and economic conditions of the region. The key features of the Asian smart economy include a high level of digitisation and technological integration, active development of smart cities, financial technologies (FinTech), a focus on automation and robotics, innovation hubs and support for start-ups, environmental sustainability and green energy, and the digitalisation of governance and public services. Asian countries are also distinguished by the integration of smart technologies into the everyday life of citizens and the support of innovation ecosystems at the state level.

Transforming the Salitre campus into a smart campus: proposal of smart initiatives for the Gerardo Barrios University of El Salvador

This study proposes a set of initiatives to transform the Salitre campus of the Gerardo Barrios University in San Miguel, El Salvador, into a Smart Campus inspired by Smart City concepts. Through a documentary research, a detailed diagnosis of the campus and a SWOT analysis, several proposals were defined grouped in six axes: Smart Government, Smart Environment, Smart Living, Smart Economy, Smart People and Smart Mobility. The viability of the initiatives was evaluated considering their acceptance by the authorities and stakeholders, as well as a feasibility study. The results show that the transformation of the Salitre campus into a Smart Campus may be possible and would bring multiple benefits in terms of efficiency, sustainability, innovation and quality of life for the university community. The study establishes the basis for future projects and research, promoting digital and sustainable transformation in the educational and community environment of El Salvador.

Smart governance for smart cities and nations

There is an increasing emphasis on utilizing ICT to drive global governmental transformation to enhance efficiency and cost-effective service delivery. Smart governance represents a novel and data-driven progressive approach, prioritizing intelligence in operations, upholding an exceptional standard of public administration, and contributing to the development of smart cities and nations. A smart city uses advanced technology and innovation to augment urban life and efficiency to ensure sustainability and a smart nation extends these principles across regions. Although smart governance is a priority in building smart cities and nations, its challenges and strategies are still not well-defined from the perspective of developing a smart nation and city. Smart Bangladesh is an inclusive digital transformation initiative and a grand vision of the government, advancing towards becoming a developed, prosperous, and smart nation by focusing on four key pillars: smart citizens, smart government, smart economy, and smart society. This study involved interviews with multi-level stakeholders and served as a preliminary step toward providing insights into and understanding the significant challenges and priorities in transforming a smart country and building smart cities. The research identifies fourteen prime challenges of smart governance that are pivotal for transforming Bangladesh into a smart nation and creating smart cities. Among these, stakeholders particularly emphasize the need for administrative reform, robust smart infrastructure, finance, uninterrupted electricity, strong data privacy and security, and effective big data management as crucial to the success of the country's vision. The analysis proposes a conceptual framework based on stakeholders' priorities that can serve as a practical guideline for practitioners to develop a strategic roadmap for effective preparedness to transition to a smart nation and build smart cities. The study fills a research gap in governance theory concerning the evolution of transformative technology-based governance, particularly emphasizing the significance of smart governance in the development of smart nations and cities.

Казанская агломерация в системе пространственного развития России

Urban agglomeration, depending on the stage of development, plays a key role in the system of spatial development in Russia. The Kazan agglomeration is a monocentric post-industrial agglomeration, including the cities of Kazan and Zelenodolsk, Vysokogorsky, Pestrechinsky, Laishevsky, and Verkhneuslonsky municipal districts located within an hour’s transport accessibility from the central communication center, i.e., Kazan. According to the 2030 Development Strategy, Kazan should have a high-quality transport and communication system that ensures the accessibility of transport within a certain time frame. Today, Kazan is a major tourist and cultural center, as well as a center for scientific and technical development. The Kazan agglomeration has a developed social infrastructure. Modern medical and educational institutions are actively functioning here, providing high-quality services to the population. The cultural sphere is also at a high level. The city of Kazan is famous for its museums, theaters, and architectural monuments, which attract tourists and people of different cultures. The economic potential of the Kazan agglomeration reflects its importance and role in the development of the Russian economy. The territory of the agglomeration has actively developing industries, especially automotive, chemical, manufacturing, and construction ones. The agglomeration is also a major scientific and educational center, which attracts innovations to the region and develops them. The Kazan agglomeration is a powerful engine of Russia’s development, actively introducing innovations, developing production, and providing favorable conditions for the life and work of its residents. Due to its diverse development, the Kazan agglomeration deserves to be considered one of the key factors in the spatial development of Russia. The key role of the Kazan urban agglomeration in the spatial development of the Russian Federation is the smart economy.

Sztuczna inteligencja w naukowym i technologicznym paradygmacie gospodarki światowej

The article examines the impact of artificial intelligence (AI) technologies on global sustainable development. Artificial intelligence affects all three pillars of sustainable development: economic, social, and environmental. Based on the generalization of academic works and authoritative expert assessments, it is shown that this impact is ambiguous. By increasing technological capabilities and enhancing the efficiency of business, public administration, and the provision of administrative and social services, AI creates a number of socio-economic problems, primarily in the labor market, when hundreds of professions are discredited and may disappear. It has been confirmed that almost all sectors of the economy, including education and medicine, are subject to the large-scale impact of AI. AI is able to optimize the use of resources and increase energy efficiency, reducing waste, thus affecting the environmental pillar of sustainable development. The purpose of the article is a systematic study of the intellectual and technological landscape of the global economy with a cross-country analysis of its key indicators using the Kohonen algorithm. The author has positioned artificial intelligence in the technological paradigm of the twenty-first century. If scientific progress in materials science, energy, and mathematical computing led to the digital transformation with the emergence of Industry 4.0, then in synergy with bio- and quantum technologies, AI will form Industry 5.0, i.e., essentially a smart economy, through a technological explosion. To recreate the current global intellectual and technological landscape, the study used the Kohonen algorithm with the Deductor Studio package to analyze 128 countries by 5 indicators. The modeling allowed us to group them into 5 clusters, which makes a real comparative analysis possible. Similar modeling with the implementation of the AI indicator (number of robots per 10,000 population) for 18 countries allowed them to be grouped into 3 clusters according to the level of readiness of governments and society to interact with AI.

MANAGEMENT OF INNOVATIVE DEVELOPMENT OF ENTERPRISES IN THE SMART ECONOMY

In the contemporary economic landscape, the concept of a smart economy has emerged as a critical framework for fostering innovation and enhancing the competitiveness of enterprises. This article explores the management of innovative development within enterprises operating in the smart economy, characterized by the integration of digital technologies, intelligent systems, and data-driven decision-making processes. Through a comprehensive examination of existing literature and a mixed-methods research approach, this study analyzes the strategies, tools, and practices essential for enterprises to thrive in a continuously evolving digital environment. The article provides a comparative analysis of domestic and foreign research, highlighting the practical focus of Ukrainian scholars on implementing innovative technologies and managing processes, contrasted with the theoretical perspectives of international researchers on competitive strategies and open innovation. A detailed comparison between the development of the smart economy in Ukraine and Europe is presented, showcasing key metrics, achievements, and challenges. Furthermore, the discussion addresses the positive and negative features of the smart economy, such as enhanced efficiency and productivity, innovation and competitiveness, and issues like digital divide and cybersecurity concerns. The study offers recommendations for improving the mechanisms of managing smart economy development, emphasizing investments in digital infrastructure, promoting digital literacy, fostering public-private partnerships, and ensuring inclusive access. Finally, the article proposes an adaptive mechanism for managing innovative development, incorporating external environment analysis, organizational flexibility, human capital investment, open innovation, and advanced information technology solutions. These insights and recommendations aim to guide enterprises in effectively harnessing innovation to achieve sustainable success in the smart economy.

FINANCIAL MANAGEMENT OF ENTREPRENEURIAL UNIVERSITIES IN THE CONDITIONS OF DIGITALIZATION, SMART ECONOMY AND THE DEVELOPMENT OF EDUCATIONAL TOURISM

The article defines the key aspects of methodical support of financial management of entrepreneurial universities in the conditions of digitalization, smart economy and development of educational tourism. Attention is focused on the fact that at this time Ukraine faced complex phenomena caused by the invasion of the Russian Federation on the territory of our state, which caused powerful changes in all sectors, industries and industries of Ukraine. It was noted that against the background of active digitalization and financial instability, migration shifts and the flow of human resources took place. In this context, there is a need for an active policy of creating and evaluating the effectiveness of the concept of financial management of entrepreneurial universities in the conditions of digitalization, smart economy and the development of educational tourism, taking into account the challenges faced by the modern economy of Ukraine. With the use of methods of production functions, the article proposes an assessment of the financial management of entrepreneurial universities. It was noted a need to increase the financial support of entrepreneurial universities, which is important for improving the quality of education and tax revenues at the regional and state levels. Attention is focused on the phenomenon of increased outflow of students outside of Ukraine with the simultaneous outflow of teaching staff abroad. It was noted that it is the effective financial policy of supporting entrepreneurial universities that can reduce negative phenomena in education.

Shaping future home: understanding quality of life and citizenship in smart cities

PurposeThis study aims to examine the effects of technology-, organisation- and environment-readiness, smart economic development, change valence, social cohesion and quality of life on citizenship in the context of smart cities.Design/methodology/approachThe study employed a customized questionnaire which was completed by 280 residents of China’s first-tier cities. This study tested the framework using the partial least squares structural equation modelling (PLS-SEM) technique.FindingsThe results indicated that smart economy development, social cohesion, change valence, technological readiness, organizational readiness and environmental readiness have a significant impact on the quality of life. Quality of life has a positive impact on citizenship.Originality/valueThis study adds new insights to smart city academic discussions. The study addresses a critical gap identified in existing literature which urges the need for a balance between user-centric, organization-centric and technology-centric approaches. It offers a fresh perspective on how the smart economy, social cohesion and readiness factors are interlinked. These elements together shape urban living experiences. For policymakers and urban planners, our findings provide clear guidance. They highlight the complex dynamics that must be considered to build more unified, inclusive and sustainable smart cities.

Initiation Of Smart Village Development In Lerep Tourism Village

Lerep Village, West Ungaran District, Semarang Regency is a tourist village that is widely known regionally and nationally.in the post-covid 19 pandemic era, the development of the Lerep tourism village has begun to rise. Along with the PPKM policy, this Tourism Village must be able to utilize information and communication technology (ICT) in order to be able to promote tourism objects to the wider community. The existence of the Smart Village concept is expected to be able to encourage the development of the Lerep Tourism Village, without eliminating local wisdom.Implementation of smart village through an approach that includes smart government, smart community, smart living, smart economy, smart environment, and smart mobility.The problem is the readiness and ability of the community and officials have not fully implemented the concept.The purpose of this research is to identify and analyze Smart Village initiatives in the management of the Lerep Tourism Village. The research was conducted in Lerep Village, West Ungaran District, Semarang Regency. with rationalistic qualitative deductive methods, descriptive analysis techniques. Conclusion Lerep Village already has an initiation of its smart village elements by not abandoning the local wisdom system at every village event. Keywords: initiation, smart, village, tourism

DEVELOPMENT OF THE SMART ECONOMY AS THE MAIN SOURCE OF COMPETITIVENESS AND SUSTAINABLE DEVELOPMENT

The development of the smart economy is a topic of great relevance in the contemporary world, particularly in the context of rapid technological advancement and digital transformation. The smart economy is predicated upon the utilisation of sophisticated technologies, including artificial intelligence, the Internet of Things, data analytics, blockchain, and others, with the objective of optimising processes across a multitude of domains, including production, transportation, healthcare, education, energy, trade, and others. The principal advantages of the advancement of the smart economy are that the utilisation of the most recent technologies permits the automation of processes, the optimisation of resources and the enhancement of production efficiency. Those countries and companies that adopt smart technologies proactively can secure a competitive advantage in the market through innovation supported by digital solutions. The objective of this article is to conceptualise the development of the smart economy as the primary source of competitiveness and sustainability. The successful development of the smart economy requires the right management strategy, investment in innovation and education, and partnership between public authorities, the private sector and the public. The growing role of the smart economy defines it as a key factor of competitiveness and sustainability for countries and companies in the modern world. The research methodology includes the integration of different philosophical methods (axiological, systemic, synergistic) with the Agile methodology, which has made it possible to comprehensively analyse the development of the smart economy as the main source of competitiveness and sustainability. Agile methodology, as a methodology of complex adaptive systems, flexible management and innovative components, has allowed to show the practical levers of using mechanisms to ensure sustainable growth, the role of information technologies in the development of a smart economy to achieve the goals of ESG (environmental, social and corporate management) of sustainable development. Research results. The emergence and development of the smart economy as an economy of knowledge, innovation, science and progress, based on intelligent machines and information networks, platforms and tools, which is an integral part of the innovative economy, is presented; the criteria and advantages of the smart economy are defined. The directions of development of the smart economy, its potential impact on competitiveness and sustainability are identified. Among the directions of development of the smart economy, the symmetric economy is distinguished, which is based on symmetric relations between economic subjects and objects, which are the driving force of economic development. The symmetry of the economic structure is a model for the development of a smart economy, a source of economic development, a subject-centred smart economy. It turns out that the smart economy includes the development of the main trends of the latest technologies, such as artificial intelligence, the Internet of Things (IoT), blockchain and data analytics, to optimise production, manage resources and create effective business models.

Artificial Intelligence in Smart Cities—Applications, Barriers, and Future Directions: A Review

As urbanization continues to pose new challenges for cities around the world, the concept of smart cities is a promising solution, with artificial intelligence (AI) playing a central role in this transformation. This paper presents a literature review of AI solutions applied in smart cities, focusing on its six main areas: smart mobility, smart environment, smart governance, smart living, smart economy, and smart people. The analysis covers publications from 2021 to 2024 available on Scopus. This paper examines the application of AI in each area and identifies barriers, advances, and future directions. The authors set the following goals of the analysis: (1) to identify solutions and applications using artificial intelligence in smart cities; (2) to identify the barriers to implementation of artificial intelligence in smart cities; and (3) to explore directions of the usage of artificial intelligence in smart cities.

ІННОВАЦІЙНИЙ РОЗВИТОК ПРОМИСЛОВИХ ПІДПРИЄМСТВ В УМОВАХ УПРАВЛІННЯ ПРОЕКТАМИ ТА СМАРТ-ЕКОНОМІКИ

The article examines the issues of innovative development of industrial enterprises in terms of project management and smart economy. Researched scientific works on selected issues. The expediency of using a taxonomic index in the analysis of innovative development of industrial enterprises in terms of project management and smart economy was determined. Attention is focused on the fact that there is a trend of decreasing innovative development in Ukrainian industry, which can be caused by various factors that affect both the internal environment of the enterprise and external conditions. Strategic directions for increasing innovativeness in industry in terms of project management and smart economy are proposed. The expediency of combining smart approaches and project management has been proven. It was noted that the use of project management methods allows to effectively implement new ideas and technologies, shorten the time from idea to release to the market, and also reduce development and production costs. The smart economy opens up new opportunities for industrial development, taking into account the use of smart technologies, data exchange and process automation. It is noted that the integration of these approaches allows creating a favorable environment for the creation and introduction of innovative products and services, which contributes to the growth of the competitiveness of industrial enterprises in the global market environment

Implementing the Smart Village Concept for Disaster Relocation Area : A case Study of Mount Semeru Eruption Relocation Settlements in Lumajang Regency

The eruption of Mount Semeru was able to attract national attention, raising the assumption that early warning conditions for the community were considered poor. This was motivated by the unpreparedness of residents in carrying out self-evacuation so many victims were lost and the community had to be homeless. The research location is in Sumbermujur Village, Candipuro District, Lumajang Regency with an area of 81 Ha. This study aims to determine the conditions, priority aspects, and adaptation strategies of the community and government in areas affected by the eruption of Mount Semeru. The method used in this study is a multilevel Analytical Hierarchy Process (AHP) to determine development priorities that can be carried out in implementing the smart village concept in the Mount Semeru relocation residential area. The smart village components studied include Smart Economy, Smart People, Smart Government, Smart Environment, and Smart Living. The results showed that the priority variable is smart People, with priority indicators on each variable being the use of information technology in production, distribution, and consumption schemes; level of education; Integrated online-based public services; Application of regulations related to sustainable villages; Educational facilities.

The need for an integrated model of smart warfare

Unfortunately, the war in Ukraine and many other events or processes taking place all over the world show us that perhaps there can be no smart peace unless we are ready to fight a smart war. Both against conventional or unconventional enemies, both regarding symmetrical or asymmetrical warfare. And if we are beginning to see our society in terms of smart governance, smart education, smart economy or smart people, which means we see it in terms of smart peace and smart society, then there is definitely the need to see war and conflict in an integrated, compact vision of smart war. We use observation to point out how a large series of contemporary events and processes, starting from cybersecurity issues, aerial, terrestrial, or maritime drones, electronic warfare equipment meant to counter these drones, propaganda, and disinformation easily spread through rapid smart means of worldwide mass communication, and of course, Artificial Intelligence, microprocessors, or fledgling space warfare where satellites can be used to attack rival satellites, need to be addressed in an inclusive, integrated conceptual approach of smart warfare focused on the future and not as separate events or developments patched up upon conventional warfare equipment or thinking. We need to understand that “smartness” is all about peace, but all about war as well, if we want a smart peace to last or if we want to be able to defend it, as Romania has a definitely defensive strategy. We are building a smart peace, but we have to prepare for a smart war as well.

Communicating The Smart City Concept to The SME Community

The smart city concept has been used by many cities in Indonesia as means to ease people lives. Yogyakarta, as the province with the highest ratio of area and number of tourism visits in Indonesia, is a province that has been quite hit by the COVID-19 pandemic. One of the affected parties are Small and Medium Enterprises (SMEs). To anticipate this, the Yogyakarta City Government launched the Jogja Smart Service (JSS) application. JSS was launched with the aim of facilitating public services, and one of its features namely Gandeng Gendong to bring together the SMEs community with potential buyers. This paper will describe the communication process of JSS application by Yogyakarta City Government and SMEs actors. This research departs from the impact of the Covid-19 pandemic felt by the SMEs of Yogyakarta City on the economy in their lives. After the pandemic, the Yogyakarta City Government tried to foster smart economy as one of the smart city branch concepts. Nonetheless, there are still many challenges. In anticipation of a repeat of the economic impact of the COVID-19 pandemic, the SMEs actors must be able to quickly adopt the Jogja Smart Service application. The results of the research obtained are the process of communication by Yogyakarta City Government and SMEs actors in the early majority stage. The SMEs actors are at the confirmation stage. The confirmation determines that SMEs actors continue to use the Jogja Smart Service application but need more socialization and training.

The Science Fiction of the Past, the Reality of the Present – Smart Cities

The concept of “smart cities” has gained recognition in the last few years because of the increasing urban population coupled with rise in the number of urban problems. Smart cities – usage of information and communication technology (ICT) to enhance the standard of living, thereby, represents a digital solution for the urban communities that aims for economic growth and sustainability. The present paper offers an overview of this innovative concept. Smart Mobility, Smart Economy, Smart People, Smart Environment, Smart Living and Smart Governance are the six pillars of a smart city. However, the article puts an emphasis on smart governance, while providing a brief description of all the other dimensions. By highlighting some of the benefits and challenges that smart governance offers to urban citizens, it presents the significance of collaboration between different stakeholders including citizens, public institutions and government officials. In conclusion, the study argues smart governance is essential for promoting good governance practices but there is a need to consider the other factors such as social inclusion and basic human rights while adopting this new method in decision-making process. Keywords: smart governance, smart cities, sustainability, technology

Beyond boundaries: Navigating smart economy through the lens of tourism

Beyond boundaries: Navigating smart economy through the lens of tourism