Digital Transformation as a Driver of Regional Economic Development
Keywords:
Big Data, Internet of Things (IoT), Blockchain, digital transformation, innovative management, transaction costs, economic efficiency, digital ecosystem, drivers of economic growth, technological modernizationAbstract
In the context of digital transformation, Big Data, IoT, and Blockchain technologies are increasingly emerging as key drivers of economic development. These technologies accelerate the modernization of management systems at the levels of enterprises, industries, and regions, enhance resource efficiency, and generate qualitatively new sources of economic growth. In particular, Big Data analytics improves the accuracy and reliability of managerial decision-making while expanding the capacity for forecasting economic processes. IoT technologies enable real-time monitoring, ensuring continuity, optimization of production and service processes, and reduction of operational costs. Meanwhile, Blockchain technology enhances transparency and trust in transactions, thereby reducing transaction costs and strengthening institutional stability. This study provides a systematic analysis of the innovative synergy arising from the integration of these technologies into economic and management systems, their impact on the factors of economic growth, and their strategic significance at both regional and national levels.
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