Prospects for the development of the digital economy in Russia

Innovations based on the digitalization of business processes are a key element and the most important condition for the progressive development of enterprises, industries and the economic system as a whole. Russian enterprises must improve existing business models or switch to new ones that make full use of modern advances in digital technology. A comprehensive digital strategy provides for the development of all aspects of corporate activities, the development of new offers, the formation of new business processes and personnel competencies. The last decade has seen significant advances in the digital economy. At the same time, Russia occupies low positions among other countries in the main digital development indices. The gap between Russia and the world’s leading economies in the field of digital technologies can be overcome through the consistent adoption and implementation of decisions by both government agencies and individual companies. A targeted integrated approach is needed, including solutions in the field of productive interaction between the state, science, education, and business structures. The success of digitalization depends on the choice of the most significant areas of economic development, the amount of budget funding, and the ability of companies to attract financial resources for the implementation of digital technologies.