Enterprise Transformation as a Consequence of the Transition to a Digital Economy

Abstract

It should be noted that the wide and ever-expanding distribution of digital technologies can soon radically change the landscape of the entire economy. The use of new technologies, customer focus, flexibility and transparency of the main processes—all this is a significant competitive advantage. The concept of “digital economy” is a relatively new and extremely important phenomenon, the scope of which is expressed in two-digit rates of annual growth throughout the world. This phenomenon is not only of economic and political nature, but also of technological progress. This article is devoted to the study of what types of enterprises exist in the modern economy, and what impact digitization has on them. As part of the study, an analysis was made of foreign and domestic sources, which described approaches to the definition of “digital economy” and “digitalization. The types of enterprises in the modern economy were also identified and a list of actions to be taken in the digital business transformation was presented.