Economics and Business Management

Impact of digitalization on society's innovative environment

N. Reznik, A. Zahorodnia
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Abstract

It has been proven that over the past several decades, national and international initiatives of many countries have been aimed at the development of the information society and the creation of IT infrastructure, which provides citizens, enterprises and state administration bodies with access to IT and information resources. It is highlighted that today the IT society through the «Internet» network is united as a single information system. Thanks to this, new resources for creating innovations appear, the use of which should become the basis for the development of the digital domestic economy. The necessity of forming an innovative environment of the digital economy was emphasized in order to ensure access to a wide range of economic entities for the achievements of digitalization of society. The author's research was conducted, which revealed the relevance of modern digitalization with its sequential development of individual stages of IT use in the economy according to the processes of automation and informatization. A distinctive feature of digitalization as a stage is the possibility to use a significant part of the IT infrastructure and information resources. A new stage in the application of IT was characterized, which opened up new opportunities to use the totality of IT accumulated by society in its innovative activities. Digitization of society creates conditions for the further spread of digital platform technologies, the Internet of Things, and the processing of large volumes of data

Keywords

digitization; digital economy; innovations; innovative activity; innovative environment; information technologies

Suggested citation
Reznik, N., & Zahorodnia, A. (2022). Impact of digitalization on society's innovative environment. Economics and Business Management, 13(1), 45-55. https://doi.org/10.31548/bioeconomy13(1).2022.39-48
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