Digitalization and its impact on regional economy transformation mechanisms

Abstract

This study aimed to identify which digital transformation areas are prioritized in regions with different levels of innovative development. Based on the analysis of statistical information presented in reports on the control indicators of regional economy transformation, the most innovative regions were distinguished. The study scrutinized the correlation of regional economic development with the presence/absence of high-tech industries in the area, as well as compared digital skills of residents of innovation clusters with residents of other regions using data structuring and the method of analytical studies. To achieve the ultimate study goal, a number of freelancers’ profiles available on freelance marketplaces was analyzed in terms of the following categories of digital skills: programming (regardless of the programming language), translation, copywriting, SEO and SMM, design, engineering services. The sample included only the profiles of individuals registered no later than 2018 who successfully completed at least three projects. An in-depth consideration of all these data allowed developing recommendations on digitalization of the regional economy, taking into account the number of inhabitants in the region and their density. As a tool for the transformation, this study proposed the four-stage Smart Region model. In sum, the carried-out investigation revealed that the benefits of digitalization are more visible in innovative regions. Correspondingly, the regions with innovative industries are characterized by higher digital skills in the field of engineering. The obtained findings can be used as a basis for management decisions by politicians and IT industry workers striving to promote the implementation of modern technologies.

Customer Satisfaction is Part of Industrial Business Excellence in the Industrial Revolution Era 4.0

“…Hal ini dapat dilakukan dengan bantuan teknologi informasi, salah satunya adalah mempromosikan produk dengan beberapa situs web [36]. Saat sekarang ini tidak ada yang tidak bisa dicari dengan cara berselancar didunia maya [37]. Berdasarkan hal inilah perusahan-perusahaan melakukan inovasi terbaik mereka dalam menunjukkan keistimewaan produk sebagai bagian dari kepuasan pelanggan yang diinginkan [38], [39].…”

Russian Volga federal district regions’ digitalisation as a factor of their sustainable development

“…With the emergence and rapid improvement, distribution and implementation of end-toend technologies (e.g., big data technologies, virtual and augmented reality technologies, neurotechnology and artificial intelligence, distributed registry systems (blockchain) and others), the innovative development of territories is gaining momentum, resulting in the gradual formation of territorial development programmes that include such concepts as "smart region", "digital region" and "digital economy" [10][11][12]. The above-mentioned crosscutting technologies and socio-economic programmes of strategic development with a special focus on digitalisation help in the implementation of regional management with the help of innovation and communication technologies and technologies and allow in the long term to improve the state of such important systems as economic (in particular, production and technological sectors), social and environmental [13][14][15], as well as to assess the quality of life of the population and the sustainability of the territory's development [16][17][18].…”

Socio-economic digitalisation development in the Volga federal district regions of Russia

“…While traditional factors of production included physical assets such as buildings and machinery, the era of globalisation and technology highlights the growing importance of intangible productive forces such as human capital, information, communication and digital technologies [1][2][3]. It is vital for science and practice to actively research, develop and promote these technologies.…”