Proceedings of the International Conference on Digital Technologies in Logistics and Infrastructure (ICDTLI 2019)

Comparative analysis of innovative activity of large business in Russia and the United States in terms of digitalization of the petrochemical industry

Authors
Irina V. Bagaeva, Galina N. Larionova, Yana R. Bagaeva
Corresponding Author
Irina V. Bagaeva
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DOI
https://doi.org/10.2991/icdtli-19.2019.55How to use a DOI?
Keywords
innovation, digital economy, innovation activity, innovative behavior, research and development, digitalization of the petrochemical industry
Abstract
The relevance of the study is that the innovations in the oil and petrochemical industries are not only a way to increase production of raw materials and reduce losses when searching and developing new unconventional fields, but also a tool to increase the competitive advantages of vertically integrated oil companies that are increasingly interdisciplinary. Russian petrochemical manufacturers are seeking to bring advanced digital innovations to the local market - it is obvious that technology is the key to the high competitiveness in the global market. The Russian company Rosneft PJSC and the American ExxonMobil are no longer just oil-producing corporations. The scope of their activities includes such areas as deep processing of petroleum products, gas production, the production of synthetic and alternative fuels, clean energy and other areas that are characterized as the industry of the future. These areas of business require significant R&D investments, which in the future will provide companies with competitive advantages.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
International Conference on Digital Technologies in Logistics and Infrastructure (ICDTLI 2019)
Publication Date
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ISBN
978-94-6252-799-7
DOI
https://doi.org/10.2991/icdtli-19.2019.55How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

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AU  - Irina V. Bagaeva
AU  - Galina N. Larionova
AU  - Yana R. Bagaeva
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TI  - Comparative analysis of innovative activity of large business in Russia and the United States in terms of digitalization of the petrochemical industry
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PB  - Atlantis Press
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