DIGITAL ECONOMY AS A NEW THEORY OF DEVELOPMENT: CHALLENGES, OPPORTUNITIES AND PROSPECTS FOR DEVELOPMENT IN KAZAKHSTAN

Authors

  • Z. Kenzhebaeva University NARXOZ, Kazakhstan, Almaty
  • A. Y. Toiganbayeva Kazakh Ablai Khan University of International Relations and World Languages, Kazakhstan, Almaty http://orcid.org/0000-0002-5726-6104

DOI:

https://doi.org/10.26577/CAJSH.2020.v6.i4.03
        76 87

Abstract

The article discusses the concepts and directions of digitalization, digitalization of the economy and the penetration of digital processes into business, which are currently used in all areas,including especially in the economy. The transition from the traditional format of information exchange to an innovative digital one includes the goals and objectives of implementing digital processes in the economy, the most important of which are: improving the quality of life of the state's population, increasing the effectiveness and efficiency of business processes, maintaining the availability and security of information in the context of digitalization.

Currently, the state is implementing many programs aimed at digitalizing the national economy. In the course of work in this direction, it is necessary to specify the essence, goals and directions of digitalization of the digital economy. In order to effectively and quickly implement digitalization in the country, it is necessary, first of all, to study the experience of countries with developed digital processes, change it depending on the characteristics of our economy, and also determine the current state of this process in our country.

Digitalization of the national economy brings huge changes in more than 50 different sectors. This phenomenon is related to information technology and platforms are fundamentally changing business models, increasing their results by eliminating them through optimization. Realizing the importance and relevance of the topic the author pursues the following objective: to uncover the essence of the concept of digitalization of the economy; to analyze the process of digitalization the economy in Kazakhstan practice, to consider digital processes in the entities that have entered into economic relations, to identify the features of the digitalization of the economy as a whole to study domestic experience of digitalization of the economy in our country.

Key words: transformation of the information society, digitalization of the economy, digital economy, knowledge economy, world economy, factors of competitiveness, advanced technologies.

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How to Cite

Kenzhebaeva, Z., & Toiganbayeva, A. Y. (2020). DIGITAL ECONOMY AS A NEW THEORY OF DEVELOPMENT: CHALLENGES, OPPORTUNITIES AND PROSPECTS FOR DEVELOPMENT IN KAZAKHSTAN. Farabi Journal of Social Sciences, 6(4), 19–27. https://doi.org/10.26577/CAJSH.2020.v6.i4.03