Digital Transformation of Business Structures in Ukraine: The Barriers and Drivers

Abstract

In recent decades, one of the main trends in the economy and society has been the penetration of information technology in various fields of human activity. The digital transformation of the economy poses challenges to economics and governance as the socio-economic institutions of society change dramatically, as do the conditions and ways of doing business under the influence of technological change in the economy. These problems are that traditional economic laws (economies of scale, value chains) no longer work, and new economic actors (digital companies) are emerging that do not fit into traditional efficiency and business models. In addition, in the context of digitalization of the economy, the management of economic entities is an urgent issue. In order for a country to play a dominant role in the global computer economy, special attention must be paid to the production of innovation and employment opportunities in the country. For each country, the production and maintenance of technical skills is an important component of economic development, employment, economic growth and development. The article analyzes the development trends and size of the digital economy in Ukraine and other countries. The key trends that will determine the direction of this type of economy have been identified. It is proved that digitalization should be carried out in accordance with the principles of equal access, benefits, economic growth, promoting the development of the information society and the focus on cooperation. The advantages of digitalization of the Ukrainian economy are given, as well as the threats and risks that will arise as a result of this process. Thus, the developmental role of many countries, including Ukraine, is associated with unrestricted access and transformation of new forms of economic development, taking into account the use of intellectual skills.