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Digitalization of the Economy and Its Impact on Labor Productivity
Zadorozhna O. G., Pitalov M. M.

Zadorozhna, Olga G., and Pitalov, Maksym M. (2024) “Digitalization of the Economy and Its Impact on Labor Productivity.” Business Inform 11:90–95.
https://doi.org/10.32983/2222-4459-2024-11-90-95

Section: Information Technologies in the Economy

Article is written in Ukrainian
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UDC 330.46:004.9

Abstract:
The article is aimed at studying the impact of digitalization of the economy, in particular artificial intelligence (AI), blockchain technologies and automation, on increasing labor productivity in various sectors of the economy, with an emphasis on the peculiarities of their implementation in Ukraine. Analysis, systematization and generalization of scientific works of contemporary researchers have made it possible to determine the main aspects of the application of modern methods of digitalization in the economic development of enterprises. As a result of the study, it is substantiated that digitalization opens up significant opportunities for increasing labor productivity. It is emphasized that digital technologies, in particular artificial intelligence, blockchain and general automation of the economy, have a significant impact on increasing productivity. These innovations not only improve the efficiency of individual industries, but also create new opportunities for optimizing business processes at all stages of economic activity. In particular, the use of AI and blockchain allows you to reduce costs, increase the security and transparency of operations, as well as optimize workflows in various sectors of the economy. The emphasis is placed on the consideration that in order to significantly increase labor productivity through the digitalization of the economy, it is necessary to ensure adequate financing of innovations, in particular in sectors with a low level of digitalization, and to more actively introduce modern technologies such as blockchain and automation. Further research is planned to be devoted to research on the introduction of AI, blockchain, and general automation into the activities of a particular enterprise in emergency situations, globalization risks, and the impact of military aggression.

Keywords: digitalization, economics, labor productivity, enterprise, artificial intelligence, blockchain, automation.

Bibl.: 12.

Zadorozhna Olga G. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economics and World Economy, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Pitalov Maksym M. – Master, Department of International Economics and World Economy, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

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