This scientific article examines the impact of the development of information and communication technologies on the field of management. The author examines how technological progress in the field of information technologies affects the efficiency and competitiveness of enterprises. Among the main problems associated with the introduction of ICT in the field of economy, the author singles out the following: difficulties in choosing the optimal software and equipment that will meet the needs of the enterprise; preservation and security of information, as a large amount of data is stored using modern technologies; the implementation of ICT requires additional investments, which becomes an important factor for many business entities. The article considers various aspects of the impact of ICT on economic activity. The author notes that the use of modern technologies allows enterprises to improve management processes, optimize production processes, reduce costs, and ensure increased profitability. The author claims that thanks to the use of digital technologies, enterprises can automate many routine processes and provide more accurate demand forecasting, inventory and production management. The article analyzes the judicial practice of the impact of the development of information and communication technologies on the sphere of business. The analysis of judicial practice shows the need to apply means of protection of commercial information that can be obtained with the help of information and communication technologies. Challenges and opportunities brought by digital technologies to enterprises in the field of economy are considered. The author notes that the development of ICT opens up new opportunities for enterprises in the market, while simultaneously presenting them with new challenges related to digital competition and cyber security. On the basis of the conducted research, conclusions were formed regarding the influence of the development of information and communication technologies on the sphere of management. The author sees the study of cyber security and its impact on business as one of the prospects for further research.