OPPORTUNITIES AND THREATS OF DIGITAL TRANSFORMATION OF THE WORLD ECONOMY
Abstract
The digital transformation of the world economy is a dynamic and multifaceted process that presents both unprecedented opportunities and significant threats. This study aims to comprehensively analyze the opportunities and threats arising from the digital transformation, providing insights into its transformative potential and challenges to existing economic structures. The primary objective is to examine the impact of digital transformation on the world economy, identifying opportunities for innovation and understanding the associated threats. A combination of literature review, case studies, and data analysis forms the methodological framework of this research. Through the research, it is found that digital transformation opens avenues for innovation across industries, fostering efficiency and creating new business models. The global connectivity facilitated by digital technologies presents opportunities for market expansion, although challenges related to data security, privacy, and regulatory harmonization arise. Additionally, the study highlights the threats posed by automation and artificial intelligence to traditional employment structures, necessitating inclusive policies to address potential job displacement and economic disparities. In conclusion, this research contributes to a comprehensive understanding of the opportunities and threats associated with the digital transformation of the world economy.
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European Publisher
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Pages
1-1
Subjects
sustainable development, ecology, economy, technologies, green technologies
Cite this article as:
Sacita, S. H., Hava, A. M., & Hedi, M. D. (2024). OPPORTUNITIES AND THREATS OF DIGITAL TRANSFORMATION OF THE WORLD ECONOMY. In M. R. Nakhaev, A. S. Salamova, A. Wojdilo, V. Ricardo, & V. Micale (Eds.), Proofreading - Upcoming Volume: Modern Trends in Governance and Sustainable Development of Socio-economic Systems: From Regional Development to Global Economic Growth, vol -. European Proceedings of Multidisciplinary Sciences (pp. 0-0). European Publisher. https://doi.org/10.15405/epms.2024.09.47