Effects of Digitalizaton on Ukrainian Economy

Abstract

The article deals with questions of digitazation of Ukrainian economy. The world has entered a new era in which the impact of digital technology is increasingly felt in all sectors of the economy. Digitalization is dramatically changing traditional industries and sectors. Cardinal changes are also taking place in those sectors that are considered basic for the Ukrainian industry-metallurgy, oil and gas, energy, agro-industrial complex, etc. The aim of the article is to determine the tendencies, perspectives and threats of Ukrainian economy digitalization process and effects of introduction of industry 4.0 elements in the reality of manufactury production. To achieve this purpose such tasks were solved. The main theoretical aspects about industry 4.0 were indicated. The central role of digitalization nin development of Ukrainian economy and social sectors was pointed out. The main concepts of industry 4.0 in current Ukrainian circumstances were described. It was found, that the development of the digital economy and society of Ukraine is a crucial factor for the success of not only all reforms, but also Ukrainian business on the world stage. Ukraine is an important player in the global digital market, but unfortunately, solely as an exporter of IT services and brains. The legal basis, finansial requerements and infrastructure readiness were examined. Such support was compared with programmes in EU that support digitalization. Such comparison shows the existance of gaps in legislation, in governance of digitalization process on state and industrial levels. The matrix of SWOTanalysis of the prospects for implementing the industry 4.0 in the reality of industry in Ukraine was created. The main strengthes in Ukrainian digitalization process lies in a field of quallified personnel and advanced educational and scientific basis, high-developed IT sector. Weakness-in poor infrastructure