Competitive advantage of the sustainable digital economy

This research focuses on factors that influence the competitive advantage of the sustainable digital economy. Digital economy helped to speed up the exchange of information flows which, in turn, impacted on the creation the new forms of business and socio-economic interactions. Such sectors as banki...

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Main Authors: Nurova Oksana, Freze Tatiana
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:E3S Web of Conferences
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/26/e3sconf_tresp2021_06004.pdf
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author Nurova Oksana
Freze Tatiana
author_facet Nurova Oksana
Freze Tatiana
author_sort Nurova Oksana
collection DOAJ
description This research focuses on factors that influence the competitive advantage of the sustainable digital economy. Digital economy helped to speed up the exchange of information flows which, in turn, impacted on the creation the new forms of business and socio-economic interactions. Such sectors as banking and finance or hospitality and services are all influenced by the advancements of the digital economy that include sharing economy or Blockchain technology and its related applications. In this article, we show that digital economy is more sustainable due to the fact that it requires less energy sources and can itself contribute to the formation of the green economy and the acceptance of the renewable energy. All these features constitute its competitive advantage that needs to be further supported and fostered. In addition, we discuss key strategies and the development of skills to adapt to a digital economy and provide an overview of high-quality training for high-tech workers. It was assumed that in future, people would be able to easily acquire new skills through vocational training and vocational training. However, the spread of digital technologies has changed the way we work and has increased the need for high-quality training for workers in a wide range of professions. To use such technologies effectively, workers in an increasing number of sectors and professions need both general and advanced ICT skills.
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spelling doaj.art-9dfb4c1077b943229cdcac0ac2aee9d72022-12-21T18:26:05ZengEDP SciencesE3S Web of Conferences2267-12422021-01-012500600410.1051/e3sconf/202125006004e3sconf_tresp2021_06004Competitive advantage of the sustainable digital economyNurova Oksana0Freze Tatiana1Institute of Engineering and Environmental Security, Togliatti State UniversityInstitute of Engineering and Environmental Security, Togliatti State UniversityThis research focuses on factors that influence the competitive advantage of the sustainable digital economy. Digital economy helped to speed up the exchange of information flows which, in turn, impacted on the creation the new forms of business and socio-economic interactions. Such sectors as banking and finance or hospitality and services are all influenced by the advancements of the digital economy that include sharing economy or Blockchain technology and its related applications. In this article, we show that digital economy is more sustainable due to the fact that it requires less energy sources and can itself contribute to the formation of the green economy and the acceptance of the renewable energy. All these features constitute its competitive advantage that needs to be further supported and fostered. In addition, we discuss key strategies and the development of skills to adapt to a digital economy and provide an overview of high-quality training for high-tech workers. It was assumed that in future, people would be able to easily acquire new skills through vocational training and vocational training. However, the spread of digital technologies has changed the way we work and has increased the need for high-quality training for workers in a wide range of professions. To use such technologies effectively, workers in an increasing number of sectors and professions need both general and advanced ICT skills.https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/26/e3sconf_tresp2021_06004.pdf
spellingShingle Nurova Oksana
Freze Tatiana
Competitive advantage of the sustainable digital economy
E3S Web of Conferences
title Competitive advantage of the sustainable digital economy
title_full Competitive advantage of the sustainable digital economy
title_fullStr Competitive advantage of the sustainable digital economy
title_full_unstemmed Competitive advantage of the sustainable digital economy
title_short Competitive advantage of the sustainable digital economy
title_sort competitive advantage of the sustainable digital economy
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/26/e3sconf_tresp2021_06004.pdf
work_keys_str_mv AT nurovaoksana competitiveadvantageofthesustainabledigitaleconomy
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