Assessment of the Digital Economy Development on the Example of the European Union

Abstract

Purpose: the study methodological approaches to assessing the level of development of the digital economy and develop recommendations for improving digitalization development management processes.Methods: the research methodology is based on the use of elements of various types of analysis, statistical methods and macroeconomic modeling methods. The empirical base is represented by a set of thematic materials, including statistical data from European Union countries.Results: the study presents various interpretations of the content of the concept of "digital economy", indicating its content in accordance with the evolutionary development of society and the progress of scientific and technological progress. Approaches to measuring the level of development of the digitalization of the economy on a global scale are considered. The absence of the universally recognized universal indicators and methods recognized in this field has been revealed. An analysis of the development of the digital economy in the countries of the European Union using the Digital Economy and Society Index (DESI) is carried out. A model has been developed that allows the grouping of EU countries taking into account the level of development of the digital economy and the characteristic features for each selected group of countries, which will increase the efficiency of managerial decisions in the direction of the development of CEs in specific conditions.Conclusions and Relevance: the differentiation in the level of development of the countries of the European Union determines the presence of significant differences in strategic priorities in the implementation of the digitalization of the economy. The main direction of digitalization of the economy should be considered industrial production. A new production paradigm is the formation of intelligent production based on the introduction of digital production and digital information technologies in the main stages of the product life cycle. Sociocyberphysical systems capable of solving key problems, both in the digitalization of production systems and becoming the locomotives of the growth of the new economy, are being formed in this context. They have the ability to interact with both the environment and the social sphere through the creation of new jobs. The developed model is focused on taking into account the specific features of the development of a country (group of countries), allows you to identify key problems in the development of the digital economy and timely take the necessary measures to solve them.