THE DEFINITION OF SMART ECONOMY AND DIGITAL TRANSFORMATION OF BUSINESS IN THE CONCEPTS INDUSTRY 4.0 AND 5.0

 A new article by Suntsova Olesia has been published: "The definition of Smart Economy and Digital Transformation of business in the concepts Industry 4.0 and 5.0". 

 The object of the study is the relationship between economic entities in the smart economy and their digital transformation in the conditions of Industry 4.0 and 5.0. One of the most problematic areas is the definition and structuring of the smart economy and establishing the effects of digital business transformations in the conditions of Industry 4.0 and 5.0.

The research used methods of grouping, system analysis, historical approaches to scientific research, synthesis, and analysis, forecasting, etc. A qualitatively new definition and structuring of the smart economy was obtained, connected with the use of new business technologies in the conditions of total digital transformation in the concepts of Industry 4.0 and 5.0. In particular, new classification approaches to the structuring of the smart economy and digital transformation of business in the concept of Industry 4.0 and 5.0 are singled out.

The conducted study of the state of the smart economy and digital transformation of business according to the concepts of Industry 4.0 and 5.0 indicates a significant potential for the use of digital technologies in business and a significant economic effect of their use, which requires further improvements. This puts the potential for investment in robotic manufacturing to reach 120.6 billion USD in 2025, followed by autonomous operations and 360-degree customer management at $90.9 and 74.7 billion USD, respectively. The industries that will have the highest spending on digital business transformation in the smart economy throughout the forecast period are discrete and technology manufacturing, followed by professional services and retail. The economic sectors that will experience the fastest growth in spending on digital business transformation in the smart economy, according to the forecast for 2020–2025, are construction (21.0 %), securities and investment services (19.2 %), and banking (19.0 %). Compared to similar well-known developments, all 19 industries considered in the digital transformation of business in the smart economy are predicted to provide double-digit growth over the five-year forecast. This provides significant economic advantages in the adaptation of economic agents to the conditions of introducing digital business transformation in the context of Industry 4.0 and 5.0.

Keywords: digital economy, business technologies, information economy, digitalization of business processes, Industry 4.0, Industry 5.0.

The publication is available : http://journals.uran.ua/tarp/article/view/265105/261223 

Suntsova Olesia THE DEFINITION OF SMART ECONOMY AND DIGITAL TRANSFORMATION OF BUSINESS IN THE CONCEPTS INDUSTRY 4.0 AND 5.0 TECHNOLOGY AUDIT AND PRODUCTION RESERVES — № 4/4(66), 2022. P.10-15. doi: http://doi.org/10.15587/2706-5448.2022.265105 

ENTERPRISE TECHNOLOGIES IN PERSONNEL POTENTIAL MANAGEMENT

Іn the article the scientific achievements in the theory of personnel potential management and peculiarities of application of modern business technologies are considered. The peculiarities of management of personnel potential at enterprises influencing formation and development processes, the efficiency of realization of functions, principles, and methods of staffing competency increase are determined. On the basis of the generalization of domestic and foreign experience, the authors formalized enterprise management technologies while ensuring the efficiency of personnel potential at enterprises. 

The given list of concepts of the development of the personnel management theory substantiates modern tendencies of personnel potential development, and proves the expediency of the direction of personnel management on the development of personal competencies of the employee and corporate culture. 

The authors propose to expand approaches to human resource potential management, taking into account the continuity of the personnel development process and the direction of employee management to develop human resources potential. The process of implementation of changes in the characteristics of personnel and staff system involves the implementation of professional training, the formation of systems selection, movement, release, professional suitability analysis, re-training and re-certification of personnel, organization of labor adaptation, evaluation and certification, planning career of staff. Management of these processes in the conditions of dynamic development of competition and innovations should be based on application of business technologies using modern achievements and adaptation of foreign experience to the conditions of the Ukrainian economy. 

  Keywords: personnel potential, entrepreneurial technologies, competence approach, concepts, methods

Suntsova О., Vovk O., Marchyshyn Ju. ENTERPRISE TECHNOLOGIES IN PERSONNEL POTENTIAL MANAGEMENT International scientific Journal Internauka, vol 2.

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