DIGITAL INNOVATIONS: MODERN ECONOMY AND DEVELOPMENT TRENDS

Abstract

The article actualizes the economic meaning of digital innovations, which are the
main element of the modern market economy. It is shown that the innovative content of digital
technologies is the main paradigm of economic development and an important condition for creating
an innovative climate, the forerunner of a new contour of economic development, which is a
distinctive feature of the present and future economy. Progress in the field of various information
technologies can be traced in the modernization of business processes, the development of
cybersecurity elements, the use of digital technologies in management, the development of staff skills,
increasing capital investments in the field of information and communication technologies, telecommunications, transforms daily human life, which makes this topic relevant. The assessment of
the degree of prevalence of digital technologies in key sectors of the economy, their impact on the
transformation of business processes and the modification of direct labor is given. The understanding
is demonstrated that digital innovations are a systematic revision of the principles of functioning of
the economic system as a whole, in some cases, destroying itstraditional forms. An idea of the priority
directions for the development of digital innovations is formulated.