Digital economy: A terminology retrospective, the present and the future

Abstract

Subject. The article considers the concept and the essence of digital economy as an instrument to reduce uncertainty in strategic management decision-making. Objectives. The study aims to specify the digital economy concept and underpin the digitalization as a tool for better management of economy; to develop recommendations for improving the management of information through digitization. Methods. We employ methods designed for organization of management and reduction of uncertainty about the object of management through digitization of additional information. Results. We analyzed basic concepts related to the economy, digital economy and information within the statistical theory of information. The paper gives a definition of the digital economy and recommendations for information management by means of digitization, as it is a driver of uncertainty reduction when choosing a better management solution. Conclusions. The increased likelihood of implementation of strategic management solutions is possible through the use of information under a specific program in order to reduce the uncertainty of choice and achieve the goals of strategic management. This enables to switch to innovative development, the most important feature of which is negentropy. Despite the progress made in the sphere of digitalization, Russia is still lagging behind the leading countries in terms of economic and innovative results of applying digital technologies and readiness for digital economy.