Digital Transformation of Managing Business Entities Development in Agricultural Production

Abstract

The level of agricultural entrepreneurship development is one of the defining conditions for the sustainable economic growth, increasing GDP, providing employment, and reducing risks to food security. In the conditions of uncertainty and unpredictability, the digital transformation of planning and forecasting systems for managing the business entities’ development in agricultural production becomes the objective necessity. The authors have analyzed the branches of the agricultural sector, which, in the pandemic context, received a strong momentum for the development (industrial biotechnology and Foodnet) and defined the main threats to the activities of agricultural enterprises: low digital maturity of business organizations, the lack of effective business models of digital transformation, the high level of resistance to changes on the part of personnel, and the low level of competence in implementing digitalization. The contributors have searched effective tools for implementing the development strategy of an agricultural enterprise, taking into account the change in the technological order, the active digital transformation of the competitive environment. The study substantiates the feasibility of forming a digital system for managing the business entities’ development in agricultural production, based on the integrated use of machine learning, Big Data technology, blockchain technologies, virtualization of contractual relations, and transactions using smart contracts.