Current Processes of Digital Transformation of High-Tech Engineering Enterprises Economy

Abstract

Nowadays, a considerable number of production processes depends on the development of information technology. At the same time, almost every market participant has the opportunity to use digital transformation, which makes this process not only useful, but also affordable. At the same time, there is an increase in labor productivity and a decrease in costs, which, ultimately, positively affect the final cost of the manufactured product. It means that while maintaining the quality of products, an increase in its competitive advantage is achieved by reducing costs. An analysis of the available sources shows that Russia has a stable indicator in the global ranking of digital competitiveness, but its place is far from being the leading one. Obviously, there is an acute need to accelerate the digital transformation of the domestic economy. In this regard, in order to accelerate digital transformation, it is advisable to develop appropriate national regulatory legal acts. The article draws attention to the fact that with the full-scale introduction of the latest information technologies, systematic training of personnel will be required; a due respect should be paid to veteran workers. In the course of digital transformation, it is proposed to develop, first of all, a typical digital industrial platform of an enterprise, which could solve not only routine business processes of an enterprise, but also optimize management as a whole. For all the importance and relevance of the study of this problem, at present, the major statistical studies can be found mostly in the consulting agencies' reports and not in research literature. The article discusses the definitions of the digital economy and analyzes the tasks that can be solved using digital transformation, which is especially significant for high-tech engineering enterprises. The research resulted in developing recommendations for the digital transformation of high-tech engineering enterprises.

Impact of Digital Transformation of Engineering Enterprises on Enterprise Performance Based on Data Mining and Credible Bayesian Neural Network Model

“…By encouraging the intelligent upgrading of businesses and completing the DT, Chinese engineering companies can accomplish the transformation of old and new kinetic energy and advance towards a stage of high-quality development. Under the tide of digital economy, digital technology gives engineering enterprises a great opportunity to innovate and upgrade [2]. Service innovation has broken through the traditional strategic logic of product innovation relying on technological development, and under the competitive logic of service-led competitive paradigm and customer value as the core, it has become an important strategic goal of engineering enterprises [3].…”

“…Based on the already available research on the fnancial efects of big data application, intelligence, and networking, it shows the trajectory of the infuence of DT on business performance. (2) In this paper, a performance prediction method of innovative project portfolio based on Bayesian network and PLS is proposed. It not only expands the application of Bayesian network in performance prediction, but also provides decision support for innovative project portfolio management of enterprises.…”