Development of the Industrial Internet of things in Russia and China: Economic and legal aspects

Abstract

The main trends of digital economy transformation are the development of end-to-end technologies, in particular, artificial intelligence, cloud computing and the Internet of Things. The concept of the Industrial Internet of Things is aimed at increasing the efficiency of industrial and economic processes through automation and robotization of various spheres of activity. In this regard, the topic of the research that is devoted to the economic and legal aspects of the development of the Industrial Internet of Things in Russia and China is even more relevant. The article tackled the issue of in-depth economic analysis and legal regulation of the Industrial Internet of Things in Russia; the following theoretical provisions of the concept of the Industrial Internet of Things are developed - distinguishing the concepts of the Internet of Things and the Industrial Internet of Things, analyzing the key principles of the concept of the Internet of Things, identifying positive consequences and negative factors inhibiting the application of the Industrial Internet of Things, developing a model of the principles and levels of functioning of the Industrial Internet of Things, as well as an algorithm for making IIoT decisions, feasibility study of the business idea of building a Data Centre in the Russian Federation and in China, and the algorithm for assessing the level of “digital maturity” of Russian regions was specified. The results of the study may be useful for IT experts, specialists in economic analysis of private law, as well as for public authorities in the framework of implementing the priority national projects and programs for digital transformation of the Russian economy.