Impact of Digitalization on the Industrial Enterprises Activities

Abstract

The relevance of the study is determined by the change of technological structure of the Russian economy: digital technologies are becoming an integral part of the fulfilling life of both individual and legal entities. The use of digital technologies in the activities of manufacturing enterprises allows them to become more competitive. However, the change in almost all processes of an enterprise because of digitalization simplifies some of them and reduces their cost but complicates others and makes them more expensive. In addition, the digitalization leads to the emergence of new processes at enterprises that often means the emergence of new risks and additional costs.

Digitalization of the financial subsystem of industrial enterprise: points of implementation

“…As we have mentioned earlier, digitalization affected service and banking sectors more than the production enterprises, but nowadays it is hard to talk about their further development without the use of digital technologies, especially not only in the conditions of fierce competition for consumers and limited resources, but due to the pandemic restrictions all over the world connected with COVID-19 [9]. The task of one other research was to find out an optimal variant of bank resources formation.…”

“…However, purchasing and application of different software is costly for the enterprise, it requires both capital and current costs. There is a good background about all these in the scientific research of A. Chudaeva, V. Mantulenko, P. Zhelev, R. Vanickova [9]. In modern conditions, companies seek to increase productivity not by increasing output, but by optimizing the structure of the enterprise and the number of staff.…”

“…For this it was developed a conceptual model of agro-digital cooperation platform and balancing of agricultural production. Digitalization in industrial enterprises can be viewed from two sides [9]: -on the one hand, іt іs the productіon of new products thаt dіd not exіst before (іncludіng the productіon of dіgіtаl technologіes themselves). Such types of productіon аre іnіtіаlly creаted on the technologіcаl bаsіs correspondіng to the modern development level of scіence аnd technology (іn fаct -to а new technological order which doesn't have any common аnd by everybody аccepted nаme аt present); -on the other hand, іt іs the productіon of goods fаmіlіаr to the mаrket for а long tіme but on а new technologіcаl bаsіs wіth the іntroductіon of new methods іn the exіstіng productіon, іmprovement/modernіzаtіon of exіstіng productіon processes.…”

Digitalization of the Marketing Activities of Enterprises: Case Study

“…They focus on different aspects and analyze the topic from different points of view. In particular, the influence of digitalization on the activity of the enterprise is raised by Chudaeva et al [11]; Trasca et al [12]; Lerch and Gotsch [13]; Brennen and Kreiss [14]; Verhoef et al [15]; and Singh and Hess [16]. In turn, Majerova [17]; Rachinger et al [18]; and Verhoef and Bijmolt [19] investigate its innovative and digital business models.…”

Ways To Improve The Company Competitiveness In The Conditions Of Economy Digitalization

“…The study is based on a survey of more than 10,400 CEOs and HR services in 140 countries. Among the areas of the company digitalization, they identified the following: strengthening the importance of human resources, the implementation of cognitive recruitment, the development of digital leadership, continuous training of employees (Levchenko, 2018;Chudaeva, Mantulenko, Zhelev, & Vanickova, 2019).…”