Peculiarities of sustainable development of enterprises in the context of digital transformation

Kateryna Andriushchenko (), Andrii Buriachenko, Olexandr Rozhko, Oksana Lavruk, Pavel Skok, Yaroslava Hlushchenko, Yelyzaveta Muzychka, Nataliia Slavina, Olena Buchynska and Viktoriia Kondarevych
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Kateryna Andriushchenko: Kyiv National Economic University named after Vadym Hetman, Ukraine
Andrii Buriachenko: Kyiv National Economic University named after Vadym Hetman, Ukraine
Olexandr Rozhko: Taras Shevchenko National University of Kyiv, Ukraine
Oksana Lavruk: State Agrarian and Engineering University in Podilia, Ukraine
Pavel Skok: State University of Infrastructure and Technology, Ukraine
Yaroslava Hlushchenko: National Technical University of Ukraine "Igor Sikorsky Kyiv Polytechnic Institute", Ukraine
Yelyzaveta Muzychka: National University of Food Technologies, Ukraine
Nataliia Slavina: State Agrarian and Engineering University in Podilia, Ukraine
Olena Buchynska: Kyiv National Economic University named after Vadym Hetman, Ukraine
Viktoriia Kondarevych: Kyiv National Economic University named after Vadym Hetman, Ukraine

Entrepreneurship and Sustainability Issues, 2020, vol. 7, issue 3, 2255-2270

Abstract: The key elements that contribute to the digital transformation of the enterprise in the context of the cross-industrial paradigm are outlined. On the basis of the proposed elements (development factor, rate of development, quality change density, multiplication factor), and by means of mathematical modelling, the effect of capturing the digital transformation of the enterprise in the bifurcation points is calculated. The totality of the presented developments allows us to predict the development and minimization of risks associated with digital transformation in the enterprise with all the ensuing consequences (stability, dynamics, transformation and forecast of its development vectors) and conclude that with the improvement of the quality of digital transformation, the efficiency of functioning of any production increases, i.e. an increase in quality by digital transformation by n times accompanies an increase in production efficiency by at least n times.This allows to minimize risks and predict enterprise activity taking into account the vector of its development — digital transformation. Under conditions of uncertainty, the use of the model will ensure the quality of the digital transformation of the enterprise from any level of development of companies.

Keywords: digital transformation of the enterprise; sustainable development; reduction of risks of transfusion; bifurcation points; digital technologies; cross-industrial paradigm; Internet of Things (search for similar items in EconPapers)
JEL-codes: M11 M12 O32 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:7:y:2020:i:3:p:2255-2270

DOI: 10.9770/jesi.2020.7.3(53)

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