Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)

Digitalization of the social and economic processes in the Russian economy: the current situation and directions of development

Authors
I.V. Minakova, M.A. Parkhomchuk, T.N. Bukreeva
Corresponding Author
I.V. Minakova
Available Online May 2019.
DOI
10.2991/mtde-19.2019.8How to use a DOI?
Keywords
digital economy, digital infrastructure, digital technology, digital segment, virtual economy
Abstract

Widespread digitalization, automation and implementation of appropriate technologies is a natural and expected process, and therefore inevitable. By reducing information search costs, digital technologies significantly reduce the cost of economic and social transactions for firms, individuals, and the public sector. Digital technologies stimulate innovations, minimizing transaction costs. They increase efficiency: existing activities and services become cheaper, faster and more convenient. Finally, they promote integration: people get access to previously unavailable services. At the same time, in terms of digitalization, Russia is currently inferior to a number of developed countries, ranked in the third ten countries. But experts agree that Russia has necessary potential for digitalization. This potential can be realized through combining planned and market approaches with the preference to the planned approach. It is important to understand that digital technologies serve the real economic sector. Thus, the transition towards a digital economy is impossible without the developed manufacturing sector and industry. The integrated approach will allow being able to achieve large-scale digitization of social and economic processes in Russia.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
May 2019
ISBN
978-94-6252-721-8
ISSN
2352-5428
DOI
10.2991/mtde-19.2019.8How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - I.V. Minakova
AU  - M.A. Parkhomchuk
AU  - T.N. Bukreeva
PY  - 2019/05
DA  - 2019/05
TI  - Digitalization of the social and economic processes in the Russian economy: the current situation and directions of development
BT  - Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)
PB  - Atlantis Press
SP  - 41
EP  - 45
SN  - 2352-5428
UR  - https://doi.org/10.2991/mtde-19.2019.8
DO  - 10.2991/mtde-19.2019.8
ID  - Minakova2019/05
ER  -