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The processes of the management system transformation in various spheres of socio-economic relations towards the growth of the role of publicity, information accessibility, and digitalization of management algorithms are among the current global trends. The study aims to provide a comprehensive analysis of the aspects of public administration mechanism implementation in the context of digital transformation. The research identifies the main issues of the management paradigm and options for its solution. The study was carried out based on general scientific methods of cognition. They include logical and structural analysis, comparison, theoretical modeling, abstraction, induction, and deduction, as well as statistical methods, specification, generalization, and formalization. The article explores the innovative aspects of public administration in the context of global digital transformation. The authors have considered the public administration digitalization process's main issues, challenges, and achievements. It has been determined that the effective use of digital transformation opportunities is an essential prerequisite for intensifying the effectiveness of economic processes. Moreover, the authors developed a universal model of effective digitalization of the public administration system. Furthermore, the practical significance of the research findings is seen in the possibility of their application during the development of relevant programs. The latter aims to improve the efficiency of the public administration system, increase the productivity of various spheres of socioeconomic activity, and form a versatile, effective model of digital optimization of management processes in the context of sustainable development. [ABSTRACT FROM AUTHOR]

The process of digitizing businesses involves ongoing investments and additional costs, leading to the inevitable inquiry into the economic impact of digital transformation. Specifically, it's important to evaluate how this process contributes to the economic growth of nations. The article introduces a method for creating a ranking of European countries according to the economic benefits derived from digitalizing businesses of different scales. To achieve this, DEA models were developed to measure the effectiveness of digital adoption by small and medium-sized enterprises and larger corporations. For input variables, we selected metrics that reflect the extent of business digitalization, specifically, the proportion of SMEs (small and medium-sized enterprises) with a high digital intensity index (DII), the percentage of SMEs utilizing cloud technologies, and the contribution of SME turnover to the overall e-commerce turnover. The output variables chosen were metrics indicative of a country's economic health: GDP per capita, the ratio of exports to GDP, and the international investment position. The evidence demonstrates that due to significant differences in size, economic advancement, and digitalization levels among EU countries, the VRS model more adeptly accommodates these disparities. This approach permits the evaluation of each country's performance based on its unique situation and potential for development, without consideration of its economic magnitude. In 2022, Denmark, the Netherlands, Sweden, Finland, Malta, and Belgium emerged as the frontrunners in digital intensity among SMEs, with nearly 40% of businesses exhibiting a high degree of digital engagement. Among these leaders, only Malta and the Netherlands achieved the highest efficiency in leveraging digitalization for economic growth, as determined by the VRS model that considers variable returns to scale. It was shown, that the economic effect of digital transformation on large enterprises in EU countries is more substantial than on small and medium-sized enterprises [ABSTRACT FROM AUTHOR]

The article examines the activity of the municipality from the point of view of the education management system in modern realities, namely in the conditions of digital transformation of society and its life, in particular, digitalization of educational activities. The main advantages and disadvantages of the digitalization of education are analyzed and presented. In the context of the research, the theoretical, normative and legal aspects of the current educational activity are presented, as a key link in solving problems of any nature for the benefit of the local population, in particular at the municipal level. In conclusion, the priority directions of the development of education management in the conditions of digitalization are given, which should effectively influence the optimization of organizational and management processes in the field of digital transformation, as well as the active penetration of digital technologies into the educational process of various educational organizations. The article reveals the effectiveness of information and communication technologies in municipal educational institutions training future specialists. In the context of the implementation of the research goal, the role of digitization as a factor in the implementation of educational activities in the process of training specialists in the economic field is studied. In the modern conditions of the development of the information society, there is a need for fast and high-quality calculation of economic indicators. It is this need that prompts the widespread use of software accounting methods. Digitalization has absorbed various fields of human activity. [ABSTRACT FROM AUTHOR]

In this paper we develop a text-based measure of digitalization using firms' annual reports with which we examine the effects of digitalization on firm performance using a dataset covering manufacturing and service firms. Our findings show that digitalization increases profitability in manufacturing firms by improving the efficiency of asset utilization to generate sales, yet it has no significant effects on overall profitability in service firms. It is because, on the one hand, digitalization improves asset utilization in these service firms while, on the other hand, cutting into their profits from sales. We also find evidence suggesting that digitalization enhances performance more for firms operating in highly competitive industries, smaller firms and firms with fewer skilled workers. Finally, our main results are robust to the use of instrumental variable estimation, the inclusion of R&D expenses or spatial autocorrelation term as a confounder, the use of mediating model, and the use of alternative fixed effects. [ABSTRACT FROM AUTHOR]

This article discusses the digitalization efforts of 26 leading manufacturing firms, the difficulties encountered, and how they can be handled. It shows that many firms are far from ready to benefit from digitalization and are mainly focused on achieving greater efficiency through digitalization rather than pursuing a growth agenda. This imbalance is because of the difficulties related to identifying profitable configurations of competencies, assets, and data generated from digital technologies, orchestrating them, and exploiting them in an agile organization. Practical implications of digitalization are highlighted, specifically in terms of strategies for supporting the current business and embracing long-term digital transformation. [ABSTRACT FROM AUTHOR]

Digitalization has the potential to hasten the economic transition towards a more resource-efficient as well as robust circular production system. However, there is a paucity of empirical research on the influence that digitalization has on the ability of a circular economy to function effectively. The objective of this study was to investigate the effect that digitalization has on the performance of the circular economy. The research was based on an empirical analysis of quantitative data obtained from a sample size of 200 investors and entrepreneurs in the financial sector of Kozani, Greece. Regression results showed that there is a positive relationship between digital practices and performance of a circular economy, and that digital business innovations have a positive effect on performance of a circular economy. Even while a sizeable proportion of Greek companies apply new business innovations to support the strategy of resource efficiency, it is abundantly obvious that this percentage is far higher among industrial organizations that place a heavy focus on digitalization. According to the findings of the research, there is a favorable correlation between the adoption of digital business practices and innovations and the success of circular economies. This demonstrates very clearly that digitalization has the potential to function as a driving force behind the development of circular business models. [ABSTRACT FROM AUTHOR]

Purpose: Authors of the paper develop the main assumptions for project management in the Industry 4.0, and present them in the short form as basic knowledge, useful for managing smart manufacturing (SM) projects in companies. Design/methodology/approach: the process of preparing SM (smart manufacturing) projects and their implementation, in the Fourth Industrial Revolution, have been changed, due to the importance of the issue of linking more and more intelligent machines, IT-computer programs and monitored processes into integrated technological systems of key importance for the construction of cyber-physical production systems (CPS). The paper applies a conceptual analysis of possible areas of change in project management (PM) when enterprises build the smart manufacturing (SM). Findings/conclusions: companies building the smart environment must adapt their organization of project management to the new requirements and opportunities of Industry 4.0 (I 4.0) technologies. Research limitations: the narrow scope of knowledge about the ongoing changesin SM project management is due to the short period of experience (the Industry 4.0 concept has been implemented since 2011), therefore the authors have only presented the framework of changes in organization of project management. Practical implications: the authors' intention was to initiate a practical discussion about the changes in project management in the ongoing industrial revolution. Originality/value: Since 2011, when the government of the Federal Republic of Germany recognized the concept of "Industrie 4.0" as the key strategy of innovative development, Industry 4.0 has become an important discussed topic among practitioners and researchers. The fourth industrial revolution is expected to result in a leap in the efficiency of companies operating in the intelligent technological environment. Key technologies or pillars of Industry 4.0 are implemented in manufacturing enterprises to build the smart manufacturing processes. Enterprises develop new projects and make investments in order to create Cyber-Physical Production Systems (CPPS). [ABSTRACT FROM AUTHOR]

Due to the expansion of new digital trends in the strategic development of territorial units, it became necessary to structure the socio-economic effects from the introduction of innovative technologies grounded on cloud computing. The novelty of the study is explained by the popularity and active development of modern technologies in all spheres of social life in the era of digitalization that require the necessity to study the peculiarities of their influence on the modern life of society. Realized the identification of cloud technologies impact on the social life in the era of digitalization, an online conference was held between representatives of government, business, science, and education of the Republics of Karelia, Komi, Adygea, Dagestan, Ingushetia, Kalmykia, Karachay-Cherkessia, Krasnodar Krai and Stavropol Krai (Russian Federation). In the context of innovative possibilities of platform economy, in discussion were identified the key effects of the cloud solutions implementation in the Russian Federation regions development prospect strategy. The results of the experiment based on the study of the influence of the implementation of cloud solutions on the regional development level show such effects as social and human capital foundation, improvement the quality and standard of living in a region and social interaction, development of social constructivism, economic potential and competitiveness of social capital. The analysis of the received results indicates the positive social effects of cloud technologies at the level of a territorial unit are achieved by increasing digital literacy of the population and opening up new opportunities and platforms for social interaction and constructivism; providing the population with convenient services and open data for participation in active social, economic and political life. Based on the experiment it's determined that cloud technologies help to form a digital educational environment, modernize educational programs for the preparation of high-quality labor resources, develop digital infrastructure of individual settlements, create user content to preserve socio-cultural identity, and popularize a region in the global information space. The results of the experiment also show the opportunity to increase the population quality of living and ensure the growth of the efficiency and productivity indicators of labor resources with the help of cloud technologies. The listed above are achieved by expanding the marketing capabilities of business structures, providing them with new business models and digital services; optimization of resource management, digitization of business processes, and platform organization of labor. The prospects for the further research can be based on the study of the capabilities of cloud technologies in the formation of flexible and effective interregional and international cooperation in a region, having a positive impact on regional economy and social capital development. [ABSTRACT FROM AUTHOR]