DIGITALIZATION AS A FACTOR IN THE TRANSFORMATION OF BUSINESS PROCESS MANAGEMENT

Author(s): Anisimov A.Yu., Malinovsky M.O.

Rubric: Management

DOI: 10.21777/2587-554X-2023-1-77-84

Release: 2023-1 (44)

Pages: 77-84

Keywords: digital economy, digitalization, management transformation, e-commerce, business processes, information and communication technologies

Annotation: The study of the directions of digital technologies influence on the transformation of business processes is undoubtedly relevant at the present time. The 21st century is the century of digital technologies in the socio-economic development of society. The introduction of digital technologies has spread to all sectors of the economy, without any exception. Digitalization, as a new form of economy, leads to a significant transformation of business processes, their transformation, an increase in the volume and speed of data transfer, which improves the quality and relevance of management decisions. The ability of organizations to quickly restructure their current business model to meet the demands of the digital economy is an important competitive advantage. The purpose of the article is to study the role of digitalization in economic development, the ability of organizations to transform existing business processes in accordance with new economic requirements. The results of the study showed that digitalization is the driving force behind the development of modern business, because, first, it gives a clear incentive for the development of the company, second, it removes the restrictions on obtaining large amounts of data, and third, it requires the introduction of innovations at the institutional level.

Bibliography: Anisimov A.Yu., Malinovsky M.O. DIGITALIZATION AS A FACTOR IN THE TRANSFORMATION OF BUSINESS PROCESS MANAGEMENT // Economics and Management. – 2023. – № 1 (44). – С. 77-84. doi: 10.21777/2587-554X-2023-1-77-84