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This pager presents an empirical study scrutinizing competitive strategies adopted by local cross-country freight enterprises in a province located in the Special Economic Zone in the Northeast region of Thailand. The opening of the 3rd Thai-Laos Friendship Bridge leads to the need for local business to improve their competitive ability in response to increased competitors and business opportunities attracted by this new cross-country infrastructure. This research is an empirical study conducted in one of the border provinces included in the studied Special Economic Zone named Nakhon Phanom. The research conduct is a multi-site case study with five local freight enterprises observed as the empirical sites. Given the needs of these enterprises to develop enhanced competitive strategies, the study has discovered innovative entrepreneurship elements in the business operation of the studied cases. These elements have significant impacts on the firm's competitive ability. By based on the findings, this paper also theoretically discusses these elements and their effects on three aspects, including inventory strategy, logistic strategy, location strategy. With the study results, this paper can identify the success factors of innovative entrepreneurship in local cross-country freight enterprises. By using the grounded theory, it also theoretically compares the empirical results with innovative entrepreneurial elements identified in the literature and previous studies. The presentation of this paper will contribute to knowledge in the field of innovative entrepreneurship, focusing on how small and local freight businesses can improve their innovation and business management. This knowledge can help to shed light on how small-sized companies can move towards sustainable development in this era of industry 4.0 economy, where innovation and new knowledge is in the central focus. [ABSTRACT FROM AUTHOR]

Technology in finance has been evolving rapidly, in particular after the 2008 financial crisis. Accordingly, the scope of fundraising opportunities for startups has been continually expanding, whereas crowdfunding and initial coin offerings (ICOs) have become the most popular novel ways of financing. Crowdfunding has already proved to be a reliable source of capital for micro, small, and medium-sized enterprises. Furthermore, crowdfunding promotes innovative company concepts and projects with a social impact, positively impacting the social inclusion of vulnerable categories. Recently, ICOs emerged as an innovative alternative to traditional business financing mechanisms. ICOs are less expensive and faster than traditional funding for startups, and they are one of the most efficient financing vehicles since they eliminate transaction costs and the need for traditional banks to act as intermediaries. The purpose of this paper is to provide a critical review of both crowdfunding and ICOs relating to their opportunities and challenges. It is expected that these innovative ways of financing will both become significant determinants of economic growth. [ABSTRACT FROM AUTHOR]

Along with digitalization and the emergence of data ecosystems, organizations face an intransparent field for innovation. Data-driven business models arise in different social and industrial sectors, new sensors and devices break down the barriers for disruptive ideas and digital transforming established solutions. This paper aims at bringing light into the darkness and give guidance to the reader which topics in the field of data economy are hot or not in relation to creating innovation. Therefore, the paper uses a text mining supported systematic literature review to automatize the extraction and analysis of beneficial insights for both scientists as well as practitioners that would not be possible by a manual literature review. By doing so, we were able to analyze 860 scientific publications resulting in an overview of the research field of data economy and innovation. Nine clusters and their key topics are identified, analyzed as well as visualized. [ABSTRACT FROM AUTHOR]

The aim of this paper is to investigate the impact of the social and technological environment on business performance. Focus is placed on SMEs and their effort to achieve sustainable competitive advantage and thereby sustainable business performance. For this purpose, a survey study was carried out, where primary data was collected from a representative sample of SMEs operating in the Social Media industry of Greece. Questionnaires were distributed to managers and entrepreneurs of the Social Media Industry. These managers/entrepreneurs were selected using a simple random sampling methodology. The findings of the study revealed that social and technological developments have a major role in developing a sustainable competitive advantage. Strategy alignment was also found to be key in tackling the problems and in undertaking the opportunities that arise from the current social and technological environment, thereby reaching sustainable business performance. The findings of the study are especially useful to entrepreneurs and professionals in the industry in formulating effective strategies towards aligning their business with current advancements in emerging digital technologies. Such an alignment would bring numerous competitive advantages and in turn sustainable business performance. [ABSTRACT FROM AUTHOR]

The problem of researching into the importance of business strategy becomes particularly prominent in the conditions of the digital economy, as an economy that functions primarily through digital technology. The digital economy has influenced the creation of the digital transformation strategy concept, which consequently influenced changes in shaping the organizational structure. The main purpose of the paper is to indicate the impact that digital transformation has on the process of formulating new corporate strategic directions. Bearing this in mind, the goal of the paper is to highlight potential strategic directions of digital business transformation in the conditions of the penetration of digital technologies. The basic assumption of the paper is that a further path of digital transformation is directed towards the construction of digital platforms created through the mutual collaboration of networked stakeholders on joint creation and delivery values, although existing companies in digital transformation usually start from market penetration, through the strategy of developing digital products and the strategy of developing digital markets. [ABSTRACT FROM AUTHOR]

Digital technologies and the 'invisible hand' of digitalization, or digital transformation, have been a catalyst for the new industrial revolution manifested through creation of a digital economy - Economy 4.0. Some of the key tenets of traditional economic theory, such as scarcity, had been challenged by the attention-driven mechanics of the new economy so educational system faces a major reconfiguration too, metamorphosing to the outlines of Education 4.0, where not only students have to understand and deal with high technology, but the teaching staff often requires a re-training too, facing the technology that bids to transform the human cognitive process to the extent that hadn't been done since the invention of printing press. Due to these new rules, lifelong learning stops being a luxury and becomes a required necessity. When it comes to digital disruption in scientific disciplines, it's reasonable to say that marketing has been going through a very significant one ever since the advent of Internet. The education in marketing, on the other hand, still hasn't been able to properly adjust to its pace. This paper covers the history of academic opinion on marketing education, ever since it became a major scientific interest in the 1970s, all the way to the days of its digital disruption in the 2010s, which led to expansion of experiential learning, paradigm shift and alternative educational models built in order to keep up with the pace of technological progress. The coverage is focused on the most important research from the field, including key ideas regarding the curriculum development, as well as its critical flaws and shortcomings in regard to student training for the real-world problem-solving and market competency. Finally, the paper positions marketing education in context of digital economy's Education 4.0 and covers of-the-moment Artificial Intelligence (AI), such as ChatGPT, implementation in the educational practice; a practice where a sudden disruption led to the growing importance of human skills and foundational meta-skills, a priority for those seeking the future success. [ABSTRACT FROM AUTHOR]

The paper aim is to consider the genesis of human capital theory in the context of the major economic doctrines from the18th century to the present day marked by the establishment of the digital economy. The authors considered scientific works devoted to the history of economic doctrines and scientific articles about issues related to the formation of human capital at different stages of economic theory development. The authors present the following classification of human capital formation: (1) classic economic, (2) institutional, and (3) modern. The classical economic approach is based on the works of the founders of classical economic thought of the 18th century such as Adam Smith, William Petty, Jean-Baptiste Say, Karl Marx, Irving Fisher, and others. In that period of time, "human capital" was often equated with "human resources" whereas the theory of human capital itself was subject to considerable criticism. The institutional approach is formed based on economists' works in the period of the neoclassical economic theory developed in the late 19th and mid-20th century. The theory of human capital was formed in the 1960-70s of the 20th century that was greatly influenced by such institutionalists as T. Schultz, Gary S. Becker, Jacob Mincer and others. The institutional approach offers an assessment of human capital through investments in education, training, health care costs, mobility. One of the key features of the institutional approach to developing "human capital" is the empirically proven impact of this economic category on national economic advancement. The modern approach to human capital development is determined by the growing importance of digital skills and competencies, ICT-literacy, e-skills, the ability to adapt to rapid changes, and also "digital literacy" manifested in a mindset that enables users to perform intuitively in digital environments, and to both easily and effectively access the wide range of knowledge embedded in such environments. Thus, the paper attempts to provide a historical overview of efforts to define "human capital". The main result of the paper is the systematization of approaches to human capital formation based on the historical period. [ABSTRACT FROM AUTHOR]

Digital economy is in growth every day, as well as number of digital firms, digital transactions and services. However, when tax for digital economy is mentioned, there are many questions because digital companies pay much less tax than traditional businesses, even when they make the same profit. Are they paying a fair amount of taxes and charges to the states for online advertising, e-commerce, social platforms, digital intermediary activities and sales? Which tax rate is appropriate for those companies, which criteria need to be fulfilled by the company to become taxpayer of digital tax? During the last year and a half, the European Union is in process of preparing a digital taxation package. According to their predictions, that new package of digital tax with a 3% rate, will bring approximately €4 to €5 billion per year. Also the digital tax would be collected in those countries where the users are located. The loudes opponents of EU's new package are Ireland, Denmark and Sweden. It is known that Ireland has attracted the digital giants into their country with low tax rates and it's not unexpected that they are against this new digital tax, while Denmark and Sweden are most technology-literate countries. The most of non-Europe countries think this is actually just indirect attack on "GAFA", the biggest four digital firms -- Google, Amazon, Facebook and Apple. It may be partly true, but this new tax would also include every digital firm which fill out the terms. In this paper, authors will give responses to the main questions, an overview of positive and negative effects of new digital tax. The importance of digital tax will be explained and confirmed in the paper. [ABSTRACT FROM AUTHOR]

The purpose of this paper is to identify the features of Higher Education Institutions in the transition to the digital economy and the active introduction on this basis IT in the educational process. The changes that are now being implemented in leading universities have been identified. The core concepts of digital economy, information and communication technologies and the result of their pedagogical implementation are considered. It is defined that the active use of information and communication technologies within pedagogical process is one of the conditions for the formation of a harmoniously developed person. The paper contains the results of the research conducted by the authors in the framework of the international project “Excellence in Engineering Education Russia and Tadjikistan / EXTEND” of the Erasmus+ Capacity Building Program in Higher Education. The aim of the study was to estimate the National Research Mordovia State University maturity level in the field of introduction and use of educational and ICT technologies and to identify opportunities for improvement. The methodology of self-assessment of teaching approaches in engineering training programs at the University is proposed. For the self-assessment 3 levels were distinguished: the Institutional level of selfassessment, the level of the educational program, the level of stakeholders. The survey was conducted by the case of more than 300 respondents from different levels of the University. The results of the selfassessment allowed to identify strengths and areas for improvement related to the use of modern educational and ICT technologies and to develop recommendations for solving the problems. [ABSTRACT FROM AUTHOR]

Copyright of CISTI (Iberian Conference on Information Systems & Technologies / Conferência Ibérica de Sistemas e Tecnologias de Informação) Proceedings is the property of Conferencia Iberica de Sistemas Tecnologia de Informacao and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study aims to open insights to the Indonesian people, especially readers, about the potential for digital economic growth in Indonesia as a new economic source that can be broadly developed to become a new area of economic growth for the community as well as land for the country's foreign exchange-earners if it is processed carefully. by the government itself. However, we need to know; there are still many obstacles that must be faced by Indonesia in the development of the digital economy in Indonesia itself. Lack of education and training regarding technology such as the internet, computers, and other digital technologies for the public can hinder the development of the digital economy in Indonesia itself. In this paper, we will discuss these two problems and how to solve them. First, there needs to be participation from the community itself to develop themselves in learning skills in using electronic media such as computers, the internet, and building simple websites. Second, the government also needs to have a vision for the future, especially in seeing the opportunities for the development of the digital economy in Indonesia. One way to do this is by making regulations related to the use and operation of the digital economy. So, when the digital economy has begun to develop, the government can solve the problems that exist in it. Why are we optimistic in discussing the digital economy? Because of the results of the research that has been carried out in March 2020, the use of digital economy platforms in Indonesia is increasing. Nearly 70% of internet users search for or buy products on digital platforms such as Shopee or Tokopedia. This proves the good prospects of the digital economy in Indonesia. Finally, the benefits that you will get from reading this paper are getting insight into the prospects for the digital economy in Indonesia and on things that need to be considered in developing the digital economy in Indonesia. So, the development of the digital economy in Indonesia can grow faster and can revive the nation's economy. [ABSTRACT FROM AUTHOR]

Digital age changes many ways of life. Using of the Internet brings many opportunities in business. Digital age changes life of ordinary people either. People can manage their time by using of digital tools and same situation is for companies. The first part of paper contains description of digital economy which is new phenomenon of our society. Digital economy is brought by using of the Internet in ordinary life. This situation caused fact that traditional business models cannot respond to requests of new market. Next part of paper describes digital business model in digital services. The last part of paper contains research about using of digital platforms in tourism especially mobile applications. The results of questionnaire is focused on customer behaviour which is influenced by using of digital environment in tourism. [ABSTRACT FROM AUTHOR]

The technological revolution has changed the world we live in. Digital economy, including ecommerce, and e-government are important achievements of the rapid technological advancement. Given that the digital economy and e-government promote competitiveness, innovation and growth, the results achieved through their development are among the main indicators of social and economic growth. The three main constituents of the digital economy and e-government are the government, businesses and consumers, i.e. citizens. The aim of this paper is to determine the level of development of digital economy and e-government in Croatia in terms of the use of online business and government services by citizens. In particular, the research seeks to determine the proportion of Croatian citizens who ordered goods or services over the Internet, carried out financial activities, accessed e-government services or interacted with public authorities in this way. In order to gain a more objective insight, the available data relating to the Republic of Croatia are compared with those from the European Union Member States. According to the presented data, in the last ten years, Croatian citizens have increasingly been using online services, which indicates that visible progress has been made in the digitalisation of the economy and informatisation of public administration. Nevertheless, Croatia still falls significantly behind the European Union average in this respect and the gap is even more evident when Croatia is compared to the countries that are at the forefront of the information society. In the digital age, failing to keep pace with modern technology advancement has severe consequences. Thus, comprehensive reforms are required to change the situation in Croatia as soon as possible. [ABSTRACT FROM AUTHOR]

A rising complexity of products, an on-going digitization and an accelerated shift of market demands lead to a rapidly rising number of uncertainties in business and technology environments. The Internet of Things (IoT) offers many potential opportunities and benefits to both manufacturers and customers. The paper aims at integrating knowledge from the diverse fields into a comprehensive, practical approach for the development and implementation of the products and services using IoT technologies. The research focused especially on the needs and challenges of innovation and product managers who have to find ways to cope with rising uncertainties and the problem of increasingly complex business environments and digitalization. Therefore, this paper presents first learnings that guides practitioners through implementation of industrial IoT and its impact on new product development and management. It gives them guidance on how the company's IoT project could be linked with its new product development initiatives. [ABSTRACT FROM AUTHOR]

This study of social entrepreneurship is a fairly new area of research. It is very interesting from different disciplines. However, currently existing theories still do not develop a common understanding of this phenomenon. The existence of multiple interpretations of social entrepreneurship and different approaches to its interpretation and conceptualization greatly hinders its study and even implementation. In this paper, social entrepreneurship is considered in a fairly broad sense of the term as an entrepreneurial activity of social orientation, which includes social work, the activities of non-profit and philanthropic organizations, as well as companies focused on making a profit, but at the same time setting themselves and social objectives. The purpose of the study is identify the main conditions and factors that act as incentives, or on the contrary, obstacles to the formation of various types of socially - oriented entrepreneurial activity in modern Russia. The paper proposes a conceptual model that identifies the socio-economic mechanisms of sustainable and reliable functioning of social entrepreneurship, but at the same time draws attention to the factors that impede or slow its formation and development. The model is based on the results of Desk research, secondary analysis of data obtained through surveys of respondents operating in the field of social entrepreneurship, as well as through the use of qualitative methods of collection and analysis of information by the expert survey. [ABSTRACT FROM AUTHOR]

The new normality of individual and business life is increasingly built up under the influence of the key role of digital technology. Economic agents operate in unprecedented global engagement and continuously expanding business opportunities and information sharing capabilities. The information society transforms the restrictive conditions of place and time into factors of relative importance. Digital technologies go deep in a wide range of everyday and routine business processes and cause changes with significant economic and social consequences affecting each individual and business entity. In this paper the main dimensions of the use of computer and Internet technologies by the modern business units are summarized. The main aim of this research is to present the transformation in the Bulgarian enterprises, induced by the wide application of the information and communication technologies, and on this basis to draw the central directions for their use in the business. This paper made theoretical overview of the transformation processes brought about by the introduction of digital technologies in the business, as well as the ways of absorbing the momentary chances for efficient allocation of resources, are explored. The opportunities for digitization of business in Bulgaria have been studied, based on the value of the Enabling Digitalization Index for the country as well as the accessibility of business units to the Internet and its use by enterprises. This allows us to identify the leading role of digitization and information exchange as a key resource for achieving a situation where resource allocation decisions are a compromise choice that is the product of the comprehensive information interpretation capabilities for each trade deal. In conclusion, some of the key trends of the digital transformation of enterprises in the dimensions of the Bulgarian economic realities are outlined. [ABSTRACT FROM AUTHOR]

This paper offers an exploratory analysis of a new kind of business organization: the hybrid multisided platform. On the basis of a comparative qualitative analysis of four hybrid multisided platforms -TopCoder, Stack Exchange, TED.com and Kickstarter- we address two related research questions: i) how HMSPs succeed in bringing together complementary markets and communities, and ii) how HMSPs manage to harmonize the interests of unremunerated workers and freeloading individuals, so that they can operate in symbiotic ways and create value for each other and for the intermediary firm. We find tentative answers to these questions by combining two different fields of organizational research: multisided platform theory (Tiwana, 2013) and human motivation theory. We conclude that, unlike conventional multisided platforms, hybrid multisided platforms could hardly exist without the Internet. [ABSTRACT FROM AUTHOR]

In new era of technological revolution, it’s become harder to organize and process data especially financial data, this paper describe the opportunities for auditors and accountants in the field of digital economy and help to understand the perspectives of their work in new technological environment such as could system and blockchain technologies. [ABSTRACT FROM AUTHOR]

Understanding the implications of digital platform strategies on user welfare has become a crucial issue for policy makers and economists alike. In payments, distributed ledger technologies such as the blockchain have introduced new models of platform governance in the form of vertically disintegrated platforms (VDP). In this paper, we develop a framework to study the implications of vertical disintegration on user welfare. A VDP mediates between users and processors that enable interactions between users. The VDP controls the price structure but the price level is set in a competitive equilibrium between processors; proceeds from operating the platform service are split between processors and the VDP. We find that the welfare ordering between traditional (integrated) and disintegrated platforms crucially depends on the platform cost structure and the regulatory conditions in the market for processors. When the cost of integrating processors depends on the transaction volume, the VDP can produce higher welfare. In contrast, when this cost is fixed, an unregulated VDP is less desirable than the integrated platform. However, regulatory limits on the VDP power over processors can make user welfare under a VDP dominate. Within our framework, we analyze recent applications in the payment industry, including central bank digital currencies, and show how different design choices affect user welfare. [ABSTRACT FROM AUTHOR]

Our paperwork approaches the role played by the virtual organization (VO) as an instrument of digital economy, in the context of globalization paradigm. The VO is a specific tool and a chance for the development of emerging UE countries, like Romania, for capitalizing the market opportunities generated by more and more information and knowledge management policies employed by multinational organizations. The research we have conducted so far lead to identification of practical aspects of creating and managing the VO, both from structural and procedural perspective. The design and implementation of VOs imply changes of informational components, managerial structures and administrative entities. One solution to create and maintain virtual partnerships for stimulation of information production resides with intranet and extranet instruments. Informational reengineering consists of reviewing the architecture of informational flows, document content management, redesigning the data bases and data banks. We have noticed that with the VO, the processes of interrogating knowledge bases, mining data and multi-criteria analyses through specific instruments (data cubes, pivot tables, OLAP sequences etc.) become daily activities. From procedural perspective we have to focus on how the virtual organization grasps and reacts to its business environment. A VO has to dynamically adapt its place within this environment instead of building a certain position that it has to occupy for a while. A sustainable VO supposes a continuum of designing and implementing of economic processes fundamentally based on the information transfer, jointly knowledge creation, and building and sustaining of trust. Another part of our paper emphasizes the four stages of the lifecycle of the VO: identification, formation, operation and dissolution. The mechanisms of the VO were highlighted by adapting both a three layer model (modules universe, dynamic network, dynamic organization) and an integrated model (actors, members, and partners). Also, the information system for the VO has specific electronic management components for the informational content: electronic signature, digital certificate, and electronic workflows etc, which are analyzed in the third section of our paper. The virtual organization as a digital partner covers three application areas: knowledge management, resource planning and work management. Studying these areas in the fourth part of the paper has a great significance through the major implications on the existence and evolution of the real organizations (the support for the virtual ones), and also on the dynamics of their specific managerial and leadership techniques (section five of the paper). Also, the researches and practice in this field are of maximum importance nowadays: they are the fundament for building the Knowledge Based Economy. [ABSTRACT FROM AUTHOR]

As it is known, only specialists with high-level proficiency in informational culture and competence, are in demand in the intellectual labour market. A specialist of XXI century must be able to obtain, process and use information by means of computers, telecommunications and other tools. Therefore, nowadays we face the challenge of training a personality, who has skills to select the necessary information, systematize and acquire it at a high level. Such person needs to be current in the dramatically growing flow of information, and ready for life-long learning. As a result, under the rapid increase of informational flows and their large-scale use as a powerful means of communication, high priority is given to such challenges as educating intelligent people and implementing new technologies, based on the effective use of knowledge as a resource of the development of society. The paper focuses on the issues of building informational competence of higher school teachers for active use of information and telecommunication technologies, enabling them to work in the informational field more efficiently. The goal of the research is to identify approaches to building and enhancing sustainable informational competences of higher school teachers. To achieve this goal, the authors gave the definitions of such notions as 'professional competence' and 'informational competence'. The authors examine goals and objectives of the concept of economy and education development, which determine the need for personnel training to work in the sphere of digital economy in the Russian Federation. It is shown that due to their ability to work in the informational field, higher school teacher can significantly improve the level of students' training. It is assumed that the built basic informational competences, described in the paper, contribute to enhancing the level of higher school teacher professional competence. [ABSTRACT FROM AUTHOR]

This paper argues that digital literacy consisting of various capabilities associated with the use and development of digital technologies may enhance countries’, regions’ and businesses’ ability to draw on existing know-how and create new industrial paths. The analysis of Russian and international assessment methodologies is based upon such evaluative indicators as information, computer, communicative and media-literacies as well as the attitude toward technological innovations. Being a qualitative criterion, digital literacy alongside with such quantitative indicators of digital ecosystem as Internet connectivity, data rates, Internet costs, etc. is a key factor in developing digital economy at national and regional levels. The authors have proved that the choice of digital literacy assessment methodology allows for a more accurate developing of the digitalization support programmes. [ABSTRACT FROM AUTHOR]

The digital transformation in the last decade increasingly changed the way we live and work as well as the way we are doing business. Highly dynamic business processes and worldwide customer relations require the use of computers and the internet in order to stay competitive. Therefore, this paper focuses on the recent trend topic of the Digital Economy, which currently is of high economic and political importance in the northern region of South Tyrol - Italy. The aim of this regional study on the one hand was to explore the actual situation of digitalization and its future development potential in South Tyrolean SMEs of the production and service sector based on five functional dimensions, on the other hand to identify significant digitalization levers for being able to leverage SME innovation capabilities. [ABSTRACT FROM AUTHOR]

Liberalization process has resulted in significant changes in global flows, namely movement of capital, labour, goods and services. As technological development progressed, trade and investment became more complex and interconnected. What is more, today we can discuss about wider trade-investment-services-intellectual property linkage in the digital economy. Development of digital technologies has changed the way people, society and the overall economy perform and has contributed to the creation of a new form of digital economy. Digitalization can increase productivity, it can be the source of new business opportunities and enable easier market access. Given the new global developments, rapid diffusion of digital technologies and the rise of digital economy, there is an urging need to better understand and regulate global flows of trade, investments, services and data. Digital economy makes policy choices even more complex on every level. A revised multilateral regulatory framework is necessary due to the fact that national borders are less important when taking into account digital flows and more participants in the global market. The aim of the paper is to analyse and discuss the relevance of foreign direct investments in the new global environment steered by the emergence of digital economy. The paper also discusses how digitalization is changing global environment and emphasizes the need to adjust and reform current regulatory framework for international investments. [ABSTRACT FROM AUTHOR]

The paper contains threshold results and demonstrates a perspective for ongoing research in the field of digitalization of the economy. The relationship between the knowledge economy and intangible and material production is presented. The value of knowledge as a factor of production and goods, as well as a production asset and a production resource is determined. Evolutionary changes in the paradigm of knowledge management in connection with the transition to a new economic formation – the digital economy are outlined. The results of research of the concept and structure of intellectual capital on the basis of a systematic approach are summarized. The problems of both theoretical and applied nature that prevent more effective implementation of the results of the research in the practice of organizations in all spheres of the economy are systematized. The problems are presented in the context of considering the role and place of knowledge in the formation and increment of intellectual capital. The greatest development was the question associated with the development of a model describing the process of increment of intellectual capital through the change of parameters included in the model of describing the increment of knowledge acquired (produced) by the subject of the economy. The perspective direction of research of mutual influence (correlation) of parameters of increment of knowledge and reflecting influence of these parameters on volume and rates of increment of intellectual capital is specified. The methods of mathematical modeling are indicated as tools for the research. This will not only describe the process of increment/change in the volume of intellectual capital using a finite number of parameters, but also explore the possibility of manipulating parameters. The results of the study stated the establishment of mutual correlation with changes in the parameters of the studied processes at various scales. It will allow to form the forecast of behavior of the described processes at controlled change of parameters entering into model. The results achieved will be able to provide an implementation effect for a particular organization through modeling the relationship between knowledge management processes and intellectual capital measurement parameters. [ABSTRACT FROM AUTHOR]

Digitalization causes the disappearance of professions based on routine processes and the emergence of specialties with the management and creative competencies. Nowadays, all spheres of human activities are covered by digitalization. The development and adaptation of digital technologies may cause structural unemployment in many industries because of massive automation. Thus, in a short time, the supply of labor will not correspond to the demand. The aim of this paper is to reveal the most important competencies in the labor market and investigate how these competencies can be gained in Russia. For these purposes, the evaluation impact of digitalization on the labor market on the whole was analyzed. Subsequent to this, the impact of new technologies on the development of the Russian labor market was investigated. After that, the ways of eliminating the gap between current and required competencies were determined. The results showed that using digital technologies increases the demand for new competencies, not higher education. In the digital economy, the most necessary competencies are: systems thinking, adaptability, ability to work with IT systems, creative thinking, multiculturalism, and teamwork. Moreover, there is a need for lifelong learning. For the development of these required competencies, the modernization of the education system like Major-Minor system, company-university cooperation, online education on digital platforms is necessary. [ABSTRACT FROM AUTHOR]

The rapid growth of blockchain technologies in the world drew attention to the environmental aspects of its production. Blockchain technology is based on the use of significant computing power, which consumes a large amount of electricity. In most cases, traditional non-renewable energy sources are used, which leads to the depletion of natural resources. The scale of operations of the mining process of blockchain increased dramatically during the last years. By the end of 2017, the amount of electricity spent on mining exceeded 29 terawatts per hour. This indicator exceeds the level of the annual energy consumption almost all Eastern European and African countries. Russia occupies the third place in the world in terms of energy consumption for cryptocurrency production. To maintain the competitiveness of blockchain technology in the global market, it is necessary to develop an alternative development strategy using renewable energy sources. The need for a transition to a new economic course in the development of a “green” or “low-carbon” economy in the field of blockchain mining determines the relevance of the chosen research topic. The paper investigates the following key points: trends in the blockchain technology and digital economy; the matrix for its environmental risks analysis; determination of significant environmental aspects of blockchain mining in accordance with ISO 14001 requirements. The aspects’ assessment shows that the significant environmental aspects are linked to energy consumed by computers or farms at different stages of its lifestyle. Thus, environmental-friendly methods of mining (hydro mining) are needed. As a conclusion, possible applications of blockchain technology in Russia are considered. [ABSTRACT FROM AUTHOR]

In order to cope with modern market structures firms have to take a proactive step towards uncertainties. One way to do so is the adoption of iterative, learning-oriented methods in order to incrementally adapt to changing environments. The concepts "early prototyping in design" and "business experiments", which are predicated on an iterative mind-set, have been so far remained relatively unconnected. Nevertheless, the concepts could supplement each other and could be combined into one framework by utilizing literature from organizational learning. To ensure a practical feasibility, practitioners have been interviewed to include their experiences in the framework design. By applying the framework, managers can unhinge early prototypes and business experiments from their particular discipline boundaries. Furthermore, the framework shows how managers can combine both concepts in a structured manner in order to unfold their benefits on an organizational-wide level. [ABSTRACT FROM AUTHOR]

This paper demonstrates regional (Russian) specificity of knowledge management, describes development trends for digital society in the Russian Federation and their effect on the general level of preparedness and capacity for knowledge management at the level of companies and at the personal (individual) level. Trends and current performance of digital transformation of Russian economy are explored. On this ground, the analysis is performed of the potential for development of knowledge management in the Russian Federation in digital economy environment. As a result of the measures taken by the Russian Government, substantial shift in labor market has been recently observed (including emergence of new professions and change in forms of employment and in relations between employers and employees). At the same time at the state level, active and broad-scale deployment of information technologies in socially significant spheres (education, medicine, state services) is taking place. Consequences of these changes have radical implications for preparedness of companies and individuals for positive perception of processes and tools of knowledge management. Of particular significance to this effect is the growth of prevalence in Russia of mobile devices with Internet access, which causes deeper "submersion" of individuals and companies into various Internet-environments of social networks. Conclusion is drawn from this academic research that Russia's transition to a higher level of digitalization of society allows companies to extend their range of sources of knowledge and make further arrangements for exchange of knowledge with the most numerous category - citizens, clients, users. Recommendations are provided for assessment of preparedness of companies, their employees and consumers for more extensive application of KM tools in their activities, and for raising the level of preparedness to dissemination of knowledge among ordinary citizens. [ABSTRACT FROM AUTHOR]

An analysis of the contribution of the information technology industry in India showed that the country had found a profitable middle ground between science and economy, the share of the sector in the country's GDP structure is more than 10% in 2016/2017. On the other hand, the total contribution of information technologies, including the digital and mobile component of the Russian economy, amounted to 5.06% of GDP in 2017. Despite the economic stagnation, high-tech segments have continuing to develop and find new ways to increase profits and market share. Russian IT industry in the next 5 - 7 years has the potential for significant growth - 10 percent or more per year. The paper identifies sectors that can become a reference point for a technological breakthrough in Russia, defines strategic indicators necessary for the development of the innovative economy in the medium term. [ABSTRACT FROM AUTHOR]

This paper forms part of an enquiry into the nature and function of computer games within the conceptual and ideological matrix of the informationalist society. Not only do computer games represent a new mode of experiencing textuality, they are also becoming an integral part of the current transformation of our experience of space. Computer gameplay only makes sense in spatial structures and computer games themselves in fact constitute an elaborate form of practical discourse on spatiality. Gameplay is linked inseparably to the way we gain orientation and spatial understanding in our navigation of the everyday world. Computer games do not function as allegories or as poor imitations of the real but feed back into our understanding of lived space, into the decisions we make as we orientate and move in the world of consensus reality. The “omnicrisis” in the imperial world, whereby sovereignty shifts beyond the auspices of the nation state to the flows of the global digital economy, demands a reconceptualisation of power and, following Lefebvre, such a reconceptualisation begins necessarily with space. Computer games are an important component in this reconceptualisation. Drawing on sociological and philosophical discussions of the unsettled zone of our social being by Lefebvre, Soja, Luhmann and others, we examine and critique the applicability of the concept of Thirdspace, a space which is both lived and imagined, to the discussion of the way playing computer games is transforming our experience of spatiality. ..PAT.-Conference Proceeding [ABSTRACT FROM AUTHOR]

Digital transformation has affected all countries of the world, changed people's habits, the way of doing business, and increased the availability of products and services, as well as the efficiency of the use of scarce resources. Technology can help us solve the world's problems, it can connect governments with their citizens and provide access to new forms of education and health services. In order to see and build our understanding of digital transformation and to understand what it means for a country like Bosnia and Herzegovina to be digitally ready, the current level of digital transformation in Bosnia and Herzegovina was analysed through consideration of nine leading international indices that look at digital readiness and evolution from different points of view. countries. The new normal as a consequence of the Covid-19 pandemic has emphasized digital transformation, along with the energy transition, as key directions of change in the future. In this sense, Bosnia and Herzegovina still lags behind more developed post-transition countries and stronger pressure is needed to catch up with digital technological trends. Increased digital transformation in Bosnia and Herzegovina could increase its growth and development, and thus economic cooperation with other countries in the region. [ABSTRACT FROM AUTHOR]

The problem of defining the influence of digital economy to the economic growth and of mergers & acquisitions in recent decades as a remedy of restructuring economy in the environment of ICT development outburst reached the upmost scientific and practical importance. This has defined the aim of the paper - to determine the ways of influence and the level of correlation between mergers & acquisitions to cyclical economic growth. Research methods used were quantitative and qualitative analysis of factors and means of interrelation between the economic growth and mergers & acquisitions. Statistical methods - Pearson and Spearman rank correlation analysis were used. Main results and findings of the study have demonstrated that information and communication services sector's contribution with 4.6% workforce in the EU producing only 8.3% of value added of the total non-financial business economy create other main contributions of digital economy to the economic growth which cannot be measured quantitatively: the creation of increasingly expanding capabilities of distant management of companies. This creates the basis of extensive usage of mergers & acquisitions as the means for restructuring economies and increasing their efficiency in producing higher value added products and services. Important theoretical finding is that the volume of mergers & acquisitions does no increase steadily, has cyclical nature. This feature is determined by the combination of factors - more suitable digital environment and fluctuating market conditions and prices of companies. Practical implications of the findings are the possibility to increase accuracy of the forecasting of mergers & acquisitions intensity and the influence of this process to the economic growth. Conclusions of the research are confirmed by the empirical analysis of data from Baltic and Nordic countries. [ABSTRACT FROM AUTHOR]

The coronavirus pandemic, which has already affected more than 200 countries, has had far-reaching consequences on the economy of the world with small businesses shutting down, employees switching to home office, and closure of schools and universities. The outbreak resulted in many businesses putting an increased emphasis on providing online services. Companies that provide tools for managing online businesses are currently benefitting the most which indicates that crises of such nature bring opportunities for online companies. This is due to the fact businesses, when faced with a crisis, tend to reduce their expenses, seek to efficiently allocate their resources and search for any possible sources of income to compensate for losses. Thus, a startup with a prompt solution which makes a timely offer will snatch up a jackpot. The current economic environment calls for conditions for the digitalization of industries and the digitalization of daily life. [ABSTRACT FROM AUTHOR]

The concept of a digital ecosystem (DE) has been used to explore scenarios in which multiple online services and resources can be accessed by users without there being a single point of control. In previous work we have described how the so-called transaction languages can express concurrent and distributed interactions between online services in a transactional environment. In this paper we outline how transaction languages capture the history of a long-running transaction and highlight the benefits of our true-concurrent approach in the context of DEs. This includes support for the recovery of a long-running transaction whenever some failure is encountered. We introduce an animation tool that has been developed to explore the behaviours of long-running transactions within our modelling environment. Further, we discuss how this work supports the declarative approach to the development of open distributed applications. [ABSTRACT FROM PUBLISHER]

This paper reviews development of entrepreneurial activity and investigates government input for creating favourable environment to businesses. Economic development and business environment are the most important factors in explaining entrepreneurial choice. However, we find that government's systematic reforms most likely digitalization also matter. [ABSTRACT FROM AUTHOR]

This paper examines the changes brought by digital technologies of music delivery in the music economy in Korea. First, I look at how digital technologies impact the reorganization of music industry. The dominant technological mediation of the'idol star system' in the late 1990s gives way to industrial reorganization toward concentration and integration across the information and communications technologies (ICTs) industries and the media/entertainment industries. Secondly, I discuss how digital technologies impacts the way we relate to music and to each other. It is suggested that digital technologies accelerate personal and social use of music and contribute to a diversified music culture. Lastly, I discuss how digital culture of music is framed by this industrial rearrangement. It is suggested that the ongoing digitalization radically transforms how we conceive the music industry, and renders the nature of music redefined and contested. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]

The development of information technologies (IT) has produced a belief that information production, exchange, and storage can be completely transferred to a digital medium. This belief is commonly referred to as the digital economy. The digital economy is an often cited example of ecological modernization and presumes that sufficient advancement in green technologies and practices can create a green capitalism. This paper outlines what the realities of the digital economy are in contemporary culture. The environmental impact of increasing production, consumption, and implementation of IT is expanded pointing to a larger lifecycle foot print. The implementation of IT also has several obstacles to a complete implementation that are often ignored. These include the bio-physical-ergonomic limitations of the human body, cultural nostalgia, and the practicality of alternate IT such as a book. Finally the inherent bias toward an ecological modernization perspective with in the digital economy movement is addressed and an alternate view based on the treadmill of production is considered. [ABSTRACT FROM AUTHOR]

Crowdsourcing is popular for two reasons. It draws from a global pool of talent and it is where people are acknowledged for the quality of their ideas rather than for their formal academic qualifications. All that matters is the final product, not the backgrounds of those who contributed to it (Howe, 2006). However, in order to make the tasks be able to be carried out by the crowds, the tasks should be modularized. In order to to reduce problemsolving inter-dependence among tasks, the tasks themselves need to be specified. The more independent or disconnected a component/task is, the more modular it is. [ABSTRACT FROM AUTHOR]

The article is devoted to the problems of the agro-industrial complex of the Republic of Mari El, which are necessary to ensure sustainable economic development of the region in the future. In recent decades, the agro-industrial complex has been identified as the main, priority direction of development, stimulating growth. Nevertheless, the situation with the innovative activity of agricultural producers in the region continues to deteriorate. Therefore, modernization, based on the digitization of production and sales processes, will lead the economy of the region to a higher level. One of the most interesting examples is the use of Mercury in a meat-packing plant in the region. Here we can see a really practical orientation in solving problems. Today, we really come to realize the need for a digital modernization program for this industry, the formation of high-tech agricultural business in the region through increased productivity and cost reduction, which are the main elements of modern digital agriculture. As the main strategic targets of digitization in agriculture, it is necessary to highlight the creation of conditions for increasing the transparency of agricultural markets for farmers and consumers, providing farmers with new IT opportunities to increase additional costs, providing open data to developers, creating conditions for reducing the cost of the product due to " digitization "of business processes on farms, transition to management based on planning and forecasting risks today. The authors of the article try to find the optimal variants of transformations in the agricultural sector of the region, showing on the results that the introduction of digital economy technologies provides positive economic effects and allows reducing costs by at least 20% when implementing an integrated approach. [ABSTRACT FROM AUTHOR]

There is an ever growing amount of text documents created and made available online. Efficient analysis of information stored in these documents can have great benefits to any organisation that holds a substantial amount of text documents: both digital and analogue. Using computerised methods such as data mining, natural language processing and full text search one can recognize patterns and regularities that would not be obvious otherwise. One method of improving text analysis is adding structured annotations to text documents. Previous research has primarily concentrated on automatic recognition of named entities for fixed number of annotation classes. Although this provides quick identification of typical elements such as Persons, Organizations, Places, Dates and Numbers it also has its drawbacks. In many cases a manual reviewing of automatically generated annotations is still necessary and there is only a limited number of annotation classes available. In our research we use a different approach by letting data operators define any annotation classes that are necessary for their particular task and by introducing an Entity database that helps data operators to uniquely identify objects mentioned in text documents and to record any additional information about these objects. Besides typical object reference annotations we also propose structural and composite annotations. We also propose an annotation storage format based on well-established W3C standards that will improve data interchangeability between different systems. [ABSTRACT FROM AUTHOR]

This article discusses the features of the education system, information technology, the concept of the digital economy, and the relationship between the digitalization of the economy and the quality of education. The goal is to increase graduates' competence in using digital economy technology and to learn the role of education in developing the digital economy. The methodology assesses educational components and innovations on the development of the digital economy, improves learning programs, and describes the characteristics of teacher competence in the application of the education system--design methodology, improving e-learning resources into a more productive process, and perspective of their use. The analysis results that it is necessary to improve the digital adaptability of the education system to socioeconomic conditions in the pedagogical approach. Findings: Potential intensity depends not just on the inspiration that drives the growing experience in increasing the competitive advantage of education and plays a role in teachers' sustainable development, professional skills, and competence. Originality: Significance of the prospects for realizing e-education in economic, geological, and social disparity conditions. The end is that the components of e-schooling, satisfactorily coordinated into the preparation framework, can give expanded intensity and variation of experts inside the digital economic system. [ABSTRACT FROM AUTHOR]

East Asia is a region because of its economic activity. Current transformation towards a digital economy, East Asia must also transform their synergy to maintain its economic growth. China, which has become a leading economy in the international environment, must address its capability to lead East Asia into a more united region. Therefore, this article will discuss two main topics. First is the current condition of regional economic integration in East Asia regarding digital economy transformation. Second, how China could manifest and lead the region's digital economy development. [ABSTRACT FROM AUTHOR]

Progress report on a digital platform and dual licensing model developed to unlock access to a University repository of new and legacy computer games based Intellectual Property (IP) assets for educational and commercial use. The digital creative industries have been identified by a number of governments as a priority area in delivering sustainable economic growth. Code Bar is an innovation that allows digital products to be commercially successful beyond the end of the Dare competition or coursework submission. To be selected for Code Bar, game products must be well designed for both player and market; technically robust (i.e. operating consistently and reliably on a single/multiple platforms), and be free from ambiguity around 3rd party IP. We describe various technical, pedagogic and legal challenges in developing the digital platform, licensing model and packaging of computer games products for release through the platform. The model is extendable beyond computer games to other software products. [ABSTRACT FROM AUTHOR]

At the present stage of the social development, digitalization has become of special significance in economy. The risks and threats inherent in introduction of innovative technologies keep evaluating of an impact of digitalization on the economic security up to date. Based on statistics from Russian regions covering 2014-2019, we made the correlation analysis. It made it possible to prove that it is the development of digital technologies that determines the dynamics of the economic security level. We found that in regions, there is a direct relationship between GRP per capita and the dynamics of costs for information and communication technologies, investments in fixed assets to purchase information technology, computer, and telecommunication facilities, number of organizations that are Internet users, share of people in the population who use the Internet to order goods, works, and (or) services. In most of the cases considered, the correlation coefficient is over 0.9 (very high direct relation). Based on the correlation analysis, we differentiated the digitalization factors that influence economic security levels. The results obtained might in the future be useful to schedule the introduction of innovative digital technologies to achieve better economic security at all management levels. [ABSTRACT FROM AUTHOR]

The central aim of supply chain management, to have the right product in the right quantities (at the right place) at the right moment at minimal cost. Advancements in information technologies have enabled major innovations in the reengineering of industry's supply chains, redefining the ways companies operate their supply chains. New ventures have emerged to create values for business partners and the consumers in supply chain integration. Information technologies have advanced supply chain integration and coordination at a cost-effective way. In addition, technological developments in this century have transformed the majority of wealth-creating work from physically based to "knowledge-based." The Electronic commerce is the new paradigm shift in business. Obviously, information technology is an essential component of electronic commerce. The proper integration of supply chain with electronic commerce should bring an enormous value to a digital firm. The paper examines the effect of information technology (IT) on the Supply Chain Process and explains how EDI and Electronic Commerce have potential to revolutionize the integrated supply chain management. The author suggests that the organization must be adaptive to change with the advent of new technology to remain competitive in this era of digital economy. [ABSTRACT FROM AUTHOR]

The digital economy is growing and developing rapidly, especially in Russia. However, the basic metrics may differ in other areas, especially concerning human capital. The purpose of this article is to assess digital technologies for human capital, identify the correlation dependences of factors between digital economic and human capital, and factors that have the greatest impact on the development of human capital in various regions of the Russian Federation. As an analysis, during the study, 8 federal districts of the Russian Federation were taken to assess the impact of digital technologies on human capital through the formation of various correlation factors. As a research method, quantitative analysis. The data source is the database of the Federal State Statistics Service. As a result of the study, the authors proved that the factors of digital economic development have a significant impact and contribute to the development of human capital; the factors that had the greatest and least impact were identified, and from the data obtained, the regions were identified where the greatest relationship between the digital economy and capital. The practical significance of links with the use of results using digital technologies to increase the level of the human capital of economic agents at all levels of management. The theoretical significance of the study is the identification of regional socio-economic systems, which affects the increase in the level of human capital. [ABSTRACT FROM AUTHOR]

Disruptive digital infrastructure is changing the landscape of the new economy. This research presents the first empirical analysis of how the development of an important digital infrastructure, a 5G high-speed network, reshapes mobile app consumption. We compile a new and unique dataset comprising mobile app consumption along with local 5G infrastructure buildout data across 30 major cities in China across a 12-month period in 2019. Our econometric analysis provides strong and robust evidence that digital infrastructure has a significant positive spillover effect on mobile app consumption. Such an effect is moderated by app categories-bandwidth-intensive and latency-sensitive apps benefit the most. Moreover, we find that the potential mechanisms have to do with increased 5G phone adoption and the commercialization of the 5G mobile plan. Furthermore, our post hoc analyses show that developing 5G infrastructure can help mitigate the digital divide between the most developed cities and less developed cities and can lead to significant positive economic outcomes. [ABSTRACT FROM AUTHOR]

We live in an era of digital transformation. Informatization of society has led to new realities, to a new paradigm of the state development, economy and society as a whole. Today, the main trend of Russian domestic policy is digitalization, accelerating the pace of technological change, opening up new opportunities for economic growth through digital transformations, including changes in the regions. However, the following problem remains unresolved – What is the digital economy and how to evaluate it? The authors offer their interpretation of the digital economy definition and the solution of its statistical evaluation problem. The study is devoted to the analysis of the impact of digital transformation on the socio-economic development of territories; attempts are made to solve the problem of assessing of digitalization contribution to the economy of the country and regions. An analysis of the advantages and disadvantages of various methods and techniques for assessing the unevenness of the digitalization process of the state, business and society has been performed. Well-known methods and indicators are not always effective, for example, the problem of the formation of the socio-economic indicators system, indicators of the digital transformation level at the municipal management level remains. To assess the digitalization level of business and households, we propose using integrated indicators calculated using 5 primary business indicators and 6 households indicators. A methodology for assessing of disproportions scale in the digital transformation of the Russian regions is proposed in the work. The authors performed a typology of the Russian Federation constituent entities according to the digitalization degree of business and households. Using the regression model, the dependence of the region economic development on the level of digital transformation and the territories disproportions degree is proved. [ABSTRACT FROM AUTHOR]

This article analyzes the changes in civil law regarding the introduction of the digital economy. The reform of business legislation is a necessary factor for the development of economy as a whole. The article considers the place of corporate contract in the contract system anddwells on the role of information and the information component in corporate relations. In the course of the study, the authors used the general scientific and private law methods of cognition: historical legal, formal legal, comparativelegal, sociological, etc. The main method used was the comparative method which allowed us to compare the implementation of civil law before and after the reforms. The results achieved can be useful to civil scientists, as well as practicing lawyers studying corporate relations in general and the business activities of corporate legal entities in particular. [ABSTRACT FROM AUTHOR]