Received 14.10.2021, Revised 19.01.2022, Accepted 01.03.2022

Methodology for managing investment processes of digitalization of the economy

Maryna Klymchuk

In the article the investigates the problems of the investment management digital transformations at the enterprise, where the instrumental basis based on the system economic theory and integrated IT risk management theory are allocated. The purpose of the study is to develop a recursive and convergence methodology of the investment management of the enterprise digitalization processes. The components of the process of investment digitalization of enterprises are structurally reflected and a deterministic 5-component model of developing a recursive and convergence management methodology based on the digital economy is formed. It is determined that the recursive and conversion methodology is based on the understanding of investment management digital transformations at an enterprise as a complex system, characterized primarily by the diversity and heterogeneity of the constituent elements, numerous internal and external connections, which causes a variety of their interaction, changes in the composition and state of the system. The recursive model provides management of the investment of digitalization in the enterprise as a sequential transition between processes of one level only after all the cycles provided for the current process are implemented. However, such a coherent sequence is possible at the expense of effective information support of each process, which should be implemented on a convergence basis. The precondition for its implementation in the field of digital technologies is civilizational development, consequences of globalization and digitalization. The focuses on the problems of reasonable and sustainable urban planning in the conditions of urbanization, which is the basis for the development and implementation of the "Smart City" concept. As a result, of theoretical analysis of the main definitions of "Smart City", the author's vision of this concept is proposed. The implementation of "Smart City" in the context of human rights protection, we will highlight the main tasks taking into account the development of cognitive technologies

investment; digital economy; investment management; recursive model
20-33
Klymchuk, M. (2022). Methodology for managing investment processes of digitalization of the economy. Innovation and Sustainability, 2(1), 20-33. https://doi.org/10.31649/ins.2022.1.20.33

References

[1] Clark, C. (1957). The conditions of economic progress (3ed ed.). London: Macmillan.

[2] Breznitz, D., Kenney, M., Rouvinen, P, Zysman, J. & Ylä-Anttila, P. (2011). Value capture and policy design in a digital economy. Journal of Industry, Competition and Trade, 11, 203-207. doi: 10.1007/s10842-011-0108-3.

[3] Clemons, E. (1995). Strategiсand business planning, reengineering. Sloan Management Review, 36(4). 

[4] Future Readiness and Productivity relationship in the IDM World. Digital Agenda 2014-2017. (n.d.). Retrieved from www.digitaleagenda.de/Content/DE/_Anlagen/2014/08/2014-08-20-digitale-agenda.pdf?__blob=publicationFile& v=6.

[5] Kleiner, G. (2013). System economics as a platformfor development of modern economic theory. Economic Issues, 6, 4-28. doi: 10.32609/0042-8736-2013-6-4-28.

[6] Kleiner, G. (2004). Nanoeconomics. Economic Issues, 12, 70-93.

[7] Lyytinen, K., & Hirschheim, R. (1987). Information systems failure – the study and classification of empirical literature. In Oxford surveys in information technology (pp. 257-309). New York: Oxford University Press.

[8] Rudenko, M. (2013). Digitalization of economy: New opportunities and perspectives. Economy and State, 11, 61-65. doi: 10.32702/2306-6806.2018.11.61

[9] Baldwin, R. (2011). Trade and industrialisation after globalisation’s 2nd unbundling: How building and joining a supply chain are different and why it matters. Retrieved from https://www.nber.org/system/files/working_papers/w17716/w17716.pdf.

[10] Order of the Cabinet of Ministers of Ukraine No. 67-р "On Approval of the Concept for the Development of the Digital Economy and Society of Ukraine for 2018-2020 and Approval of the Action Plan for its Implementation" (2018, January). Retrieved from https://zakon.rada.gov.ua/laws/show/en/67-2018-%D1%80#Text.

[11] Kupriyanovsky, V.P., Sinyagov, S.A., Lipatov, S.I., Namiot, D.E., & Vorobyev, A.O. (2016). Digital economy – smart way to work. International Journal of Open Information Technologies, 4(2), 26-33.

[12] Tkachenko, V., Kwilinski, S., Klymchuk, M., & Tkachenko, I. (2019). The economic-mathematical development of buildings construction model optimization on the basis of digital economy. Management Systems in Production Engineering, 27(2), 119-123. doi: doi.org/10.1515/mspe-2019-0020.

[13] Kuzior, A., Sobotka, B., Filipenko, А., & Kuzior, P. (2019). Marketing communications of administrative organs of local governance and local community. Marketing and Management of Innovations, 2, 314-325. doi: 10.21272/mmi.2019.2-26.

[14] Klymchuk, М., & Shegda, M.(2016). Conceptual principles of the socially responsibile enterprise marketing management (as example, sales of painting materials). Economics and Education, 1, 58-61.

[15] Daly, Н.E., & Townsend, K.N. (1993). Valuing the earth: Economics, ecology, ethics. Cambridge: MIT Press.

[16] Gruber, H. (2017). Innovation, skills and investment: a digital industrial policy for Europe. Economia e Politica Industriale, 44, 327-343. doi: 10.1007/s40812-017-0073-x.

[17] Fobel, P., & Kuzior, A. (2019). The future (Industry 4.0) is closer than we think. Will it also be ethical? Proceedings of the International Conference of Computational Methods in Sciences And Engineering 2019 (ICCMSE-2019), 2186(1), article number 080003. doi: 10.1063/1.5137987.

[18] Yudina, Т. (2016). Understanding the digital economy. Theoretical Economics, 3, 12-16.

[19] Keil, M. (1995). Detection and prevention of risks of system design. Programmer, 8(3).

[20] Guzhva, I., Klymchuk, M., Klochko, А., & Ivanov, E. (2021). Digitalization, energy saving and innovation in public and private sectors. Ivano-Frankivsk: Foliant Publishing House.

[21] Tkachenko, V., & Klymchuk,  M. (2020). Theoretical and methodological basis of cognitive economics formation. In E. Pluzhnik, A. Liubchych, P. Liudmyla, I. Mushenyk, O. Kovalevska, L. Prudka & H. Slabkyi, Study of modern problems of civilization (pp. 69-73). Oslo: International Science Group.

[22] Tkachenko, V., & Klymchuk, M. (2021). Cognitive technologies as a determinant of the economic transformation process and energy efficiency of the economy. Kyiv.