Development Of The Electronic Industry In The Context Of The Digital Economy

At the moment, there is a transition to a digital economy, which is characterized by the penetration of digital technologies into various spheres of human activity.Significant changes are taking place in industry.Successful in the global and domestic markets are those companies that change in accordance with the requirements of the market (global competitiveness, efficiency and high labor productivity)."The digital development model involves not only a total digital transformation of the economy into a digital economy and high-tech industry into a digital industry, but also taking into account the triad of requirements of modern global markets associated with a reduction in decision time (Time-to-Decision, T2D), a significant reduction in the execution time / implementation of projects (Time-toExecution, T2E) and a significant reduction in the time to bring products to market (Time-to-Market, T2M), where the market, of course, means the global market.This research provides insights into the requirements of modern global markets and the necessary changes that companies need to make to stay competitive in the global market.

Authors

Publication Details

Journal
European Proceedings of Multidisciplinary Sciences
Published
2024-09-30
DOI
https://doi.org/10.15405/epms.2024.09.1
Primary Topic
Digital Economy and Transformation
Type
article
Field-Weighted Citation Impact
0.00
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article

Development Of The Electronic Industry In The Context Of The Digital Economy

Ayna Salamova
European Proceedings of Multidisciplinary Sciences
Digital Economy and Transformation
article

Development Of The Electronic Industry In The Context Of The Digital Economy

Ayna Salamova
article en

Abstract

At the moment, there is a transition to a digital economy, which is characterized by the penetration of digital technologies into various spheres of human activity.Significant changes are taking place in industry.Successful in the global and domestic markets are those companies that change in accordance with the requirements of the market (global competitiveness, efficiency and high labor productivity)."The digital development model involves not only a total digital transformation of the economy into a digital economy and high-tech industry into a digital industry, but also taking into account the triad of requirements of modern global markets associated with a reduction in decision time (Time-to-Decision, T2D), a significant reduction in the execution time / implementation of projects (Time-toExecution, T2E) and a significant reduction in the time to bring products to market (Time-to-Market, T2M), where the market, of course, means the global market.This research provides insights into the requirements of modern global markets and the necessary changes that companies need to make to stay competitive in the global market.

European Proceedings of Multidisciplinary SciencesVol. 4
Openalex Percentile: Top 71%
Digital Economy and Transformation
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