Plan:
Introduction
1. Basic concepts of digital transformation.
2. Theoretical basis how digital transformation impacts
business growth.
3. Conditions for implementation of digital
transformation in enterprises.
4. Empirical studies showing the importance of digital
transformation in the economy of enterprises.
Conclusion
References
Introduction
The Digital Age is a challenge for companies. It has
transformed the way companies interact with their customers,
changing the processes and business models.
The digital disruption can change businesses according
to digital transformations. With the development of digital
technologies, the classical system of doing business has been
disrupted and many companies have to react to digitalization.
The digital transformation brings innovations not only into
the delivering of product. But also, companies are trying to
rebuild a business approach to agile by using a new
innovative business model.
Digital transformation is the application of technology
to build new business models, processes, software and
systems that results in more profitable revenue, greater
competitive advantage, and higher efficiency. Businesses
achieve this by transforming processes and business models,
empowering workforce efficiency and innovation, and
personalizing customer experiences.
Digital transformation uses the following technologies:
cloud, mobile, social, big data analysis, internet of thing, (and
industrial internet of things), cognitive science. Companies
using these have more efficiency, higher revenues, and a
bigger market valuation than the competitors.
John Chambers, the former executive chairman and
CEO of Cisco Systems, predicts: more than one-third of
businesses today will not survive the next 10 years. The only
ones that will survive will turn their companies into digital,
techie versions of themselves, and many of will fail trying.
The good business answer is to manage digital change in an
incremental manner, adopting new strategies one at a time
and integrating them with the staff slowly, but productively.1
2020 has been declared the "Year of Science,
Enlightenment and Digital Economy Development" in our
country, and great work has begun in this regard. In
particular, on April 28, the decision of the head of our state
"On measures for the wide introduction of digital economy
and electronic government" was adopted.
“Leaders of the network and region must understand
that there will be no results or development without
digitization. Leaders at all levels should set this as a daily task
and thoroughly study the field of digitization, starting with
1
https://www.proudpen.com/book/strategic-management-in-the-age-of-digital-
transformation/the-impact-of-digital-transformation-on-business-a-detailed-review/
the alphabet. There is no future for the country's economy
without a digital economy,” - says Shavkat Mirziyoyev.2
This coursework is concentrated on textual analysis to
assess enterprise digitalization. Moreover, it aims at exploring
the effect of firm digital transformation (DT) on productivity.
To achieve this goal, the following tasks are set in the
work:
- find out about economic benefits of digital transformation in
firms and organizations;
- to study the theoretical foundations of implementing digital
transformation;
- to analyze statistic data taken by real life practices and give
conclusions;
- propose new ways to achieve more rapid digital
transformation.
1. Basic concepts of digital transformation.
2
From the video selector meeting chaired by the President of the Republic of
Uzbekistan Shavkat Mirziyoyev on September 22, 2020 on the issues of digital
economy and introduction of e-government in networks and regions
In order to remain competitive and to create higher
value added, companies need to implement technological
innovations and at the same time to attract and train
employees to meet the new requirements imposed by the
Fourth Industrial Revolution (so-called Industry 4.0), An
essential component of which is the digitalization of business
in all its aspects.
Digital transformation means doing things in a new,
digital way and is very closely connected with the digital
revolution. The latter brings enormous opportunities and
formidable challenges in the areas of the economy,
innovation, education, health, governance, and lifestyles. It
has its roots in the 1950s with the history-making invention
of the transistor, but it did not truly blossom until the 1990s.
Less than 1 per cent of technologically processed information
worldwide was in digital format in the late 1980s, surpassing
more than 99 per cent by 2012. 3
In the economy, the digital revolution begins on a large
scale at the end of the 20th century, when the Internet was put
into economic use. The positive effects of the digital
3
“Digital transformation and economic growth – DESI improvement and
implementation” article by Faculty of Management and Economics, Gdańsk
University of Technology, 2022.
economy can be seen on countless fronts. First of all,
digitalization supports economic growth, but the power of
influence depends on the research methodology applied in the
study and geographical configuration. It also strongly changes
the labor market structure by reducing the demand for routine
work and low-skilled workers. Additionally, digitalization
transforms how businesses operate and connect with their
customers and suppliers. It has a considerate impact on
improving the effectiveness of business operations.
The digital revolution also has a tremendous effect on
society by revolutionizing how people interact and how
governments interact with citizens through e-government
platforms. It improves the quality of life; Digitalization
boosts citizens’ access to public services. The COVID
pandemic demonstrated the importance of digitalization as
digital tools allow essential services (e.g. access to medical
care) to be provided or governments’ mandatory actions
such as lockdowns, vaccines, or hospital facilities to be
coordinated.
Digital transformation is the process by which companies
embed technologies across their businesses to drive
fundamental change. The benefits? Increased efficiency,
greater business agility and, ultimately, the unlocking of new
value for employees, customers and shareholders.
Many different paths lead to digital transformation and
each organization’s journey will be unique. For example, a
company might introduce AI or cloud computing to enhance
its customer experience. Or it might redesign its supply
chain to make better use of machine learning. A company can
even make spot-on predictions about the products customers
will want in a few months’ time, then shift production to meet
demand.
In every case, though, starting a digital transformation
journey requires a new mindset. It is a chance to reimagine
how companies do things, often from the ground up.
Two concepts related to digital transformation
are digitization and digitalization.
Digitization is the process of translating analog
information and data into digital form—for example,
scanning a photo or document and storing it on a computer.
Digitalization is the use of digital technologies to
change business processes and projects—such as skilling
employees to use new software platforms designed to help
launch products faster. While digital transformation might
include digitalization efforts, it goes beyond the project level
and affects the entire organization.
For most companies, digital transformation requires a
shift away from traditional thinking and toward a more
collaborative, experimental approach. These new ways of
approaching work reveal new solutions which, in turn, can
improve customer experience, drive employee innovation and
spur company growth at the fundamental level.
Prior to the COVID-19 pandemic, digital
transformation largely focused on customer experience. Then,
everything changed—and accelerated. Now, digital
transformation is the centerpiece of operational efficiency and
innovation across the organization.
Across industries, change is happening in shorter waves
than ever before, and CEOs feel the pressure but recognize
the opportunity for the entire organization. And, accelerated
digital transformation, including cloud and data, has become
the number-one topic CEOs prioritize for the board since the
pandemic hit. Leading companies in enterprise technology
were growing two times faster than most companies, and by
doubling down on their tech investments recently, they are
now growing five times faster. Leaders harness key cloud
technologies, including AI, to outpace their peers. They adopt
innovative technology sooner and reinvest more frequently.
And they direct their IT budgets toward innovation. The
benefits are more revenue and more growth—and the ability
to stay ahead of the curve.
The COVID-19 pandemic has accelerated the rate of
tech adoption as follows:4
2. Theoretical basis how digital transformation impacts
business growth.
4
https://cpl.thalesgroup.com/software-monetization/benefits-of-digital transformation
Organizations all throughout the world are adjusting
their operations to be digitally compatible. Many businesses
have realized the importance of digitalization and already
converted or invested in new business models. Consider
communication, music, eBooks, and online shopping. This
change will not spare any industry.
It is no secret that businesses must continually change
in order to stay viable. In our current digital world,
organizations don’t have any choice but to embark on the
digital transformation journey.
Organizations may run more effectively, save expenses,
and boost production are some of the advantages of
digitalization in business. In summary, it is a matter of life
and death for them.
The advantages of digitalization are:5
1. Increases customer satisfaction
Customer expectations have never been higher. On the
one hand, customers want personalized services that meet
their individual needs. On the other hand, they want things to
happen automatically and they don't want to have to deal with
5
https://cpl.thalesgroup.com/software-monetization/benefits-of-digital-transformation
human beings to do tasks like accessing, updating, or
deactivating and reactivating software. One of the clearest
advantages of digitalization in business is that you will be
able to implement robust digital tools and strategies, like per-
location or per-industry license modification and automated
processes. These digitalized processes lead directly to
increased customer satisfaction.
2. Drives data-based insights
One of the most significant benefits of digital
transformation is that your business will be able to collect and
analyze data that you can turn into actionable, revenue-
generating insights. In the past, your data was scattered across
multiple disconnected platforms, or even worse, you might
not have collected and used data at all. Digital transformation
will enable robust data collection, centralized data storage,
and the creation of tools to analyze and translate data into
information that promotes informed corporate decision-
making.
3. Streamline processes
Every business is continuously looking for innovative
methods to improve efficiency. If you want to become more
efficient in business, you will need to embark on the
digitalization journey.
When a business process is automated, you can expect
reliable outcomes every time. Automating processes and
related business rules will help your organization achieve
greater transparency and fairness.
Efficiency is defined as how well time, effort, and money
are utilized to complete a task or achieve a goal. One of the
most significant advantages of digitalization is that it reduces
the time it takes to complete a task, the effort necessary to
complete it, and the cost of doing it correctly.
4. Higher productivity
When you automate manual repetitive processes, you free
your employees from monotonous job tasks and allow them
to focus on more difficult and innovative initiatives that will
help your business function more efficiently.
With business process automation systems, tasks may be
done more faster and with fewer mistakes. Finally, process
automation enables employees to make better use of their
time at work.
5. Reduces operational costs
Every business owner’s objective is to save time and,
more importantly, money. Manual tasks and processes are
intrinsically slower than automated activities and processes
since they are conducted one at a time.
Inefficient processes cost organizations up to 30% of their
annual revenue. When business procedures are done
manually, there is a far greater chance of resources being
squandered.
Digitalization enables the most efficient and cost-effective
use of your core resources. Digitalization has the potential to
save up to 90% on operational expenses.
6. Increases transparency
Depending on the process you’ve decided to automate
(financial, billing, collections, sales, and/or support), critical
metrics can be gathered and reported on to provide you with
the crucial information you want.
Transparency in business processes is critical for long-
term success. If processes and their status are digitally
monitored, higher management will have more faith in how
things are done.
Well-documented processes and transparent workflow
boost an organization’s visibility. Managers don’t have to
worry about employees forgetting what they’re supposed to
be doing since everyone understands what they’re supposed
to be doing at all times. When leaders visualize processes,
they can immediately identify bottlenecks and opportunities.
7. Quality and consistency
One of the most important advantages of digitalization is
that it guarantees that each operation is carried out in a
consistent manner, resulting in high-quality, dependable
output.
If you automate your customer service follow-up process,
for example, your consumers will receive the same quality of
support from your company every time.
Because of the assurance of quality and consistency, as
well as the time and efficiency benefits, you may begin
designing higher-quality, more feature-rich products with
little or no increase in manufacturing time and costs.
8. Less human error
When operations are automated, the likelihood of human
error is considerably decreased.
When it comes to doing tasks, humans are more prone to
error than machines. Machines never weary and can run
constantly 24 hours a day. So let us assign what we don’t
want to perform to computers and concentrate on more
challenging tasks.
9. Governance and reliability
Because automated processes are consistent, you can rely
on them to run your business. Provides reliable procedures to
your clients, giving you a competitive edge.
Workflow automation’s dependability guarantees that
critical corporate governance operations are carried out 100
percent of the time and in compliance with the law.
10. Enhanced agility
Businesses, now more than ever, must stay up with the
fast-paced digital environment. They must be able to swiftly
respond to any market shift, upheaval, or new opportunity.
Organizations should be agile enough to shift directions
rapidly and to do so, agile techniques should be adopted
across all departments, and when business processes are
automated, it allows to modify and adapt to changes at a
relatively fast pace.
11. Improved employee morale
When employees are required to focus on manual
repetitive tasks, it reduces their ability to learn, develop, and
advance professionally. Employees benefit from digitalization
since it automates these repetitive activities, allowing them to
engage in more significant initiatives and so enhancing their
morale.
12.Better decision-making
Digitalization and information management work hand in
hand; as information is analyzed, it transforms into
knowledge, and knowledge leads to better decisions.
13.Enables high-quality user experience
High-value companies know that they are not just
delivering products, they are delivering experiences. Digital
transformation enables beautiful, effortless experiences that
hinge on automation, AI, and self-service tools. Prove that
you've mastered the digital era by providing customers with a
frictionless user experience.
14. Encourages collaboration & Improves
communication
To drive innovation and output, you need to have a
digital platform that promotes communication and
collaboration across all internal departments. The digital
transformation eliminates roundabout communication,
redundancy, slow response times, lost information, and
ineffective idea-sharing. When you digitalize the internal
communications of your business, you will increase
productivity, accountability, and creativity, and gain the edge
necessary to outperform the competition.
15.Encourages an environment of employee excellence
An important factor in a successful digital
transformation is to get widespread company buy-in. You
need to create a corporate culture where it is clear to everyone
that they will ultimately see the benefits of going digital. To
get employee buy-in, invest in the digital education of your
workers. Host internal webinars, participate in conferences,
and send your employs to courses that will update their skill
sets. Excellent employees are your greatest asset, so don't
undervalue investing in their growth.
16. Enables future digital growth
The final benefit of digital transformation is the most
fundamental. Digital transformation is the initial act that sets
the stage for all subsequent business growth. Without
investing in digital business transformation, your company
will quickly become obsolete. In the past few years, we've
seen industry giants like Blockbuster, Toys R' Us, and Kodak
go bankrupt. Why? Because they failed at digital
transformation. Digital transformation is not optional. It's not
the icing on the cake of a thriving business. To survive the
digital tsunami engulfing the world, you must take steps to
transform. Once you do, you will reap the benefits of digital
transformation and become stronger and more profitable for
years to come.
3. Conditions for implementation of digital
transformation in enterprises.
In technologies, enterprises will strive to strengthen
technological equipment of companies with advanced digital
technologies and by stimulating companies to use a
combination of such technologies (convergence) for greater
efficiency of operations.
Technological equipment involves the availability of
automated machinery and equipment as well as the use of
technologies that enhance the efficiency of equipment
utilization and the improvement of process productivity in
companies.
Key advanced digital technologies that contribute to
business digital transformation:6
1. Internet of Things (or Industrial Internet of Things –
IoT or IIoT) and machine learning for operational
system transformation (including automation,
robotization, introduction of augmented reality – AR,
virtual reality – VR, 3D printing and additional
production)
2. Artificial intelligence and transformation of decision-
making systems (including the method of collection –
sensorics – and the processing of big data in
companies, relevant for business functions, especially
purchasing chains and processes which are of key im-
portance for the transition to a sustainable and circular
economy, distributed disposal of data, predictive
analytics and on the basis of changes in the decision
making systems at all levels, cyber security and super
computers for such data processing;
6
“Strategy of digital transformation of the economy”, textbook published by Republic
of Slovenia, January 2022, Zdravko Počivalšek, Minister of Economic Development
and Technology.
3. Blockchain technologies and distributed ledger
technologies (including the inclusion of internal
(employees, business divisions) and external
communities (partners), data re- cords, digital company
identity, products, smart contracts in the sense of work
protocols for automated function implementation etc.).
4. Platforms for connecting advanced technologies and
the synchronization of their usage and optimum
implementation of digital twins (internal and external
integration platforms)
5. Data and quantum computing
6. Virtual reality (VR), augmented reality (AR), extended
reality (XR), 3D.
Artificial intelligence: collection of technologies that
can be used for autonomous problem solving and
implementation of tasks for achieving certain
objectives, in some cases also irrespective of people.
Internet of Things: network of physical items that
can be connected to the internet
Blockchain: programme solution that enables the
verification and storage of data in a distributed
network and also reduces the number of common
points where errors occur, it prevents fraud and
enables automated implementation of smart contracts.
Data analytics: analyses of sets of primary data with
the use of specialized computers and programmes.
Quantum computing: storage and processing of
information by considering the action of individual
atoms, ions, electrons or photons.
From the aspect of internal factors of operation, the use
of such technologies in individual companies varies in
dependence from the size of companies, the number of
business functions in companies that carry out digital
transformation, on the nature and type of business processes
and achieved level of digital maturity of business processes.
The use of such technologies depends on external factors of
operation, i.e.: connectivity or level of coverage with fast
speed broadband connections and the available knowledge
and competences for an effective implementation of such
technologies in companies.
When advanced digital technologies are combined to
enable one another to achieve the same objective, we speak of
convergence of technologies. The above-mentioned
technologies that can be combined in the process of
preparation of digital transformation or used complementary,
are called “convergence technologies”. Convergence
technologies are those that can be combined or are
complementary for the implementation of such technological
solutions that will enable the optimum digital transformation
of a company.
Convergence of technologies is very important for a
comprehensive digital transformation of companies,
especially those that have more business functions in the
organizational structure. On one hand, this enables a more
effective utilization of advanced digital technologies, on the
other hand it significantly impacts the efficiency and
productivity of business processes and functions at the same
time.
It also enables the introduction of the system for
measuring direct and indirect effects of technological
strengthening at the level of an independent business function
as well as across divisions or at the level of the entire
company. In this way, a company can develop the
methodology of measuring the efficacy and productivity of
business functions that result from the convergent use of
advanced digital technologies.
4. Empirical studies showing the importance of
digital transformation in the economy of
enterprises.
Digitalization may be viewed as a technology/supply
shock which affects the main economic aggregates, notably
via competition, productivity and employment effects, as well
as through its interaction with institutions and governance.
Digital technologies are also changing the ways in which
firms do business and interact with their customers and
suppliers. Understanding digital transformation and the
channels through which it influences the economy is therefore
increasingly relevant for the conduct of monetary policy.
This chapter summarizes the findings of an ad hoc ECB
survey of leading euro area companies looking at the impact
that digitalisation has on the economy.7
7
“Digitalisation and its impact on the economy”: insights from a survey of
large companies, prepared by Catherine Elding and Richard Morris Published
as part of the ECB Economic Bulletin, Issue 7/2018.
The main aim of the survey was to look at how digital
transformation is affecting macroeconomic aggregates, as
perceived by firms.
The questionnaire asked companies about their take-up of
digital technologies and the main obstacles to the adoption of
such technologies. It then asked about the various channels
through which they saw digital transformation affecting their
sales, prices, productivity and employment, as well as the
expected overall direction and magnitude of the impact over
the next three years.
Responses were received from 74 leading non-financial
companies, split equally between producers of goods and
providers of services. Those companies were generally very
large, accounting for a combined total of around 3.7% of
output and 1.7% of employment in the euro area.
The take-up of digital technologies at those companies is
very high, with big data and cloud computing being the most
widely adopted (see Chart A). The take-up of big data and
cloud computing is pervasive across all sectors, as is the use
of e-commerce, which is crucial in business-to-consumer
segments.
In the manufacturing and energy sectors, artificial
intelligence, the “internet of things”, robotics and 3D printing
are almost equally widespread, with respondents tending to
report that the real impact comes when these technologies are
combined.
The main obstacles to the adoption of digital technologies
are the difficulty of adjusting the organization of the company
and the need to recruit and retain highly skilled ICT staff.
Regulation and legislation were not typically seen as a major
obstacle, although some firms noted that, while not a
hindrance, regulatory frameworks did need to evolve.
Chart A
Take-up of digital technologies (percentages of respondents;
responses ranked by overall rating):8
8
“Digitalization and its impact on the economy”: insights from a survey of
large companies, prepared by Catherine Elding and Richard Morris Published
as part of the ECB Economic Bulletin, Issue 7/2018.
Sources: ECB Digitalisation Survey and ECB calculations.
Note: Based on responses to the following question: “Which
digital technologies has your company adopted, including
those you are in the process of adopting?”
Overall, the vast majority of respondents see
digitalisation as having a positive impact on their company’s
sales (see Chart B). More than half expect the adoption of
digital technologies to give rise to a “slight increase” in sales
over the next three years, while around one-third expect a
“significant increase”.
Chart B
Impact of digitalisation on sales
Channels through which digitalisation affects sales (average
scores across all replies: 0 = not important; 1 = important; 2 =
very important)9
Note: Based on responses to questions about (i) how digital
technologies have affected the respondent company’s sales
and (ii) the overall impact that the adoption of digital
technologies is expected to have on sales over the next three
years, with answers ranging from “significant decrease” (--)
to “significant increase” (++).
Overall impact on sales (percentages of respondents)
9
“Digitalization and its impact on the economy”: insights from a survey of
large companies, prepared by Catherine Elding and Richard Morris Published
as part of the ECB Economic Bulletin, Issue 7/2018.
Better access to customers is the main channel through
which digitalisation supports sales growth. In particular,
respondents stressed the role those digital technologies play
in providing access to customer data, which helps firms to
understand their customers’ needs (termed “customer
intimacy”) and offer new or improved services and tailored
solutions with higher levels of quality. This, in turn, supports
improvements in the quality of existing products (in addition
to purely technology-driven improvements). Easier access to
markets is also widely viewed as important.
Respondents see digitalisation increasing productivity,
driven by the ease of sharing knowledge and more efficient
production processes (see Chart C). Virtually all respondents
regarded the easier sharing of knowledge (especially within
the company) as being an important channel through which
digitalisation raises productivity, with around half considering
that aspect to be very important.
The role that digitalisation plays in making the
production process more efficient via automation is almost
equally as important. Many respondents emphasized that the
increase in the amount of data and information that they
collected, both inside and outside of the organization, was
helping them to satisfy their customers’ needs. The overall
effect on productivity was perceived to be overwhelmingly
positive, with a stronger effect typically being reported in
service sectors, particularly in business-to-business segments.
Chart C
Impact of digitalisation on productivity
Channels through which digitalisation affects productivity
(average scores across all replies: 0 = not important; 1 =
important; 2 = very important)10
10
“Digitalization and its impact on the economy”: insights from a survey of
large companies, prepared by Catherine Elding and Richard Morris Published
as part of the ECB Economic Bulletin, Issue 7/2018.
Note: Based on responses to questions about (i) how digital
technologies affect the respondent company’s productivity
and (ii) the overall impact that the adoption of digital
technologies is expected to have on productivity over the next
three years, with answers ranging from “significant decrease”
(--) to “significant increase” (++).
Overall impact on productivity (percentages of respondents)
On balance, respondents see digitalisation having a
small negative impact on employment, while emphasizing the
importance of retraining and upskilling (see Chart D). Around
one-third of respondents expected digitalisation to reduce
employment in their company over the next three years, while
around one-fifth foresaw increases in employment.
Digitalisation was seen as replacing low and medium-
skilled jobs, but not high-skilled jobs. Above all,
digitalisation was regarded as increasing the ratio of high-
skilled to low-skilled workers, with emphasis on retraining
and the reassignment of workers to new tasks supported by
digital technologies.
Chart D
Impact of digitalisation on employment
Channels through which digitalisation affects employment
(average scores across all replies: 0 = not important; 1 =
important; 2 = very important)11
11
“Digitalization and its impact on the economy”: insights from a survey of
large companies, prepared by Catherine Elding and Richard Morris Published
as part of the ECB Economic Bulletin, Issue 7/2018.
Note: Based on responses to questions about (i) how
digital technologies affect the respondent company’s
employment and (ii) the overall impact that the adoption of
digital technologies is expected to have on employment over
the next three years, with answers ranging from “significant
decrease” (--) to “significant increase” (++).
Overall impact on employment (percentages of respondents)
Conclusion
Digital transformation is more complex than plain automation of processes –
it transforms the processes themselves, business models and customer
expectations. Through comprehensive digital connections between systems,
people, places and objects, the digital businesses create value and generate
revenue. Every company today can develop a strategy and use digital technologies
to create a profitable position for their business as well for their industry. The
potential that is unlocked through digital transformation is the next step in the
development of the global and national economy.
The new phenomena are also used to achieve exchange of communications
between the companies and external parties – suppliers, distributors and customers.
It is more complex than the simple exchange of messages or orders. It makes
possible to study and to analyze the current market situation and customer
demands and to reveal the trends of future changes in order to adapt and coordinate
the efforts of the companies with the anticipating state of the market, customer
needs and technologies.
Digital transformation triggers the application of specific new digital
technologies. New computer technologies with deep scientific origin get on the
stage: Big Data, Analysis and Decision based on Artificial Intelligence methods,
Self-Learning approaches and Algorithms and many others.
This increases the demand on specialized hardware like Data Base Machines
that capsulate hardware components in a unit what makes the processing faster and
the maintenance easier.
The integration of all these technologies transforms the society that will live
in a totally changed world. The producing of goods, running the businesses,
leading the organizations is moving toward intensive usage of new technologies
and supporting applied IT methods (software, hardware, processes) and growing
digital communication channels. This new world shaped through Digital
transformation is enormously multicomponent and complicated – we need
constantly to analyze, assess and develop it to ensure the stability and the power of
our societies.
References
1. https://www.proudpen.com/book/strategic-management-in-the-age-of-
digital-transformation/the-impact-of-digital-transformation-on-business-a-
detailed-review/.
2. https://cpl.thalesgroup.com/software-monetization/benefits-of-digital
transformation.
3. https://www.ecb.europa.eu/pub/economicbulletin/focus/2018/html/
ecb.ebbox201807_04.en.html.
4. From the video selector meeting chaired by the President of the Republic of
Uzbekistan Shavkat Mirziyoyev on September 22, 2020 on the issues of
digital economy and introduction of e-government in networks and regions.
5. “Digital transformation and economic growth – DESI improvement and
implementation” article by Faculty of Management and Economics, Gdańsk
University of Technology, 2022.
6. “Digitalisation and its impact on the economy”: insights from a survey of
large companies, prepared by Catherine Elding and Richard Morris
Published as part of the ECB Economic Bulletin, Issue 7/2018.
7. “Implications of the digital transformation for the business sector”,
conference summary, United Kingdom 8-9 November 2018.
8. “Digital transformation of the entrepreneurship: challenges and prospects”,
study book by Margarita A. Afonasova, Tomsk State University of Control
Systems and Radioelectronics.
9. “Economy of enterprise “, supporting lectures by O. Slavuta, I.V.Pokutsa,
KNAME 2022.
10.“Strategy of digital transformation of the economy”, textbook published by
Republic of Slovenia, January 2022, Zdravko Počivalšek, Minister of
Economic Development and Technology.
