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Digital changes in the economy: advanced opportunities for digital innovation

The present study was carried out using the methods of system approach, as well as statistical and economic analysis. Over the past two decades, Industry 4.0, having impact on organizations, industries, and consumer markets, has created new models of interaction between market participants, i.e. the business environment. | Digital changes in the economy advanced opportunities for digital innovation International Journal of Management IJM Volume 11 Issue 3 March 2020 pp. 457 466 Article ID IJM_11_03_049 Available online at http www.iaeme.com ijm issues.asp JType IJM amp VType 11 amp IType 3 Journal Impact Factor 2020 10.1471 Calculated by GISI www.jifactor.com ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication Scopus Indexed DIGITAL CHANGES IN THE ECONOMY ADVANCED OPPORTUNITIES FOR DIGITAL INNOVATION Olga Vladimirovna Glinkina Russian New University 22 Radio St. Moscow 105005 Russia Svetlana Aleksandrovna Ganina Russian New University Moscow Russia Anna Viktorovna Maslennikova Russian New University Moscow Russia Tatyana Anatolevna Solostina Russian New University Moscow Russia Marina ViktorovnaSoloveva Financial University under the Government of the Russian Federation Leningradsky Prospekt 49 Moscow 125993 Russia ABSTRACT The article considers the main changes taking place in the economy due to the development of information technologies. Industry 4.0 the fourth industrial revolution the digitalization of the economy and digital management are exactly the new realities in management that are rapidly changing the social production and the life of society in general. Many researchers speak of an unprecedented rate of change. But in order to be able to take advantage of progress one needs a flexible environment ready for constant updates. At that the main components of such an environment should be innovative technological infrastructure and psychological readiness of contemporary society business and the state to master advanced technologies and use them in their activities. It is these factors that influence digitalization as a phenomenon that creates a new level of development of the economic and social sector the effectiveness of public administration corresponding to the concept of Smart State. The present study was carried out using the methods of system approach