Development of the Electronic Industry in the Context of the Digital Economy
Abstract
At the moment, there is a transition to a digital economy, which is characterized by the penetration of digital technologies into various spheres of human activity. Significant changes are taking place in industry. Successful in the global and domestic markets are those companies that change in accordance with the requirements of the market (global competitiveness, efficiency and high labor productivity). “The digital development model involves not only a total digital transformation of the economy into a digital economy and high-tech industry into a digital industry, but also taking into account the triad of requirements of modern global markets associated with a reduction in decision time (Time-to-Decision, T2D), a significant reduction in the execution time / implementation of projects (Time-toExecution, T2E) and a significant reduction in the time to bring products to market (Time-to-Market, T2M), where the market, of course, means the global market. This research provides insights into the requirements of modern global markets and the necessary changes that companies need to make to stay competitive in the global market.
Copyright information
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
About this article
Publication Date
30 September 2024
Article Doi
eBook ISBN
978-1-80296-966-5
Publisher
European Publisher
Volume
4
Print ISBN (optional)
-
Edition Number
1st Edition
Pages
1-1008
Subjects
sustainable development, ecology, economy, technologies, green technologies
Cite this article as:
Salamova, A., Khazhuev, I., & Abdulkadyrov, U. (2024). Development of the Electronic Industry in the Context of the Digital Economy. In K. A. Said-Akhmadovich, & A. S. Salamova (Eds.), Modern Trends in Governance and Sustainable Development of Socio-economic Systems: From Regional Development to Global Economic Growth, vol 4. European Proceedings of Multidisciplinary Sciences (pp. 1-9). European Publisher. https://doi.org/10.15405/epms.2024.09.1