Innovative type of business: transformation of traditional industries in the face of new global challenges

In today’s fast-paced and global economy, transformation of traditional industriesbecomes an important issue for long-term business development. The purpose of this scientific article is to consider an innovative type of business and its significance in transforming traditional industries in the face of new global challenges. The article describes the problem, the relevance of thetopic, and also defines the purpose and objectives of the study.