Global trends and prospects in digital economy

Authors

  • A. Sailybayev
  • A. Ongdash
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Abstract

The article examines how the topic of digitalization is covered by foreign authors, what our partner competitors in foreign companies and countries are doing in this direction. The next step was the analysis of publications of various analytical centers demonstrating trends in the development of digital technologies in the world and in Kazakhstan. The available foreign experience connected with the use of information technologies was analyzed. The article presents an overview of the digital segment of the economy that has become relevant due to the qualitative changes that have taken place in the economy and society, new technologies and platforms that allow management of enterprises and individuals to reduce the transaction costs of interaction on an increasing scale and to make closer contact with economic entities and state structures. The results of the analysis make it possible to believe that with a high degree of probability already in the near future the level of digitalization will determine the competitiveness of not only business but also entire countries. At the same time, only those countries and companies that will be able to adapt quickly and maximize the benefits of the changes that have taken place have achieved a sustainable competitive advantage.
Key words: Digital economy, global trends, digitalization, digital transformation, big data, industry 4.0.

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How to Cite

Sailybayev, A., & Ongdash, A. (2018). Global trends and prospects in digital economy. International Relations and International Law Journal, 82(2), 144–151. Retrieved from https://bulletin-ir-law.kaznu.kz/index.php/1-mo/article/view/794