How to Make Digitalization Better Serve an Increasing Quality of Life?

Oleg Kryzhanovskij, Natalia A. Baburina and Anastasia O. Ljovkina
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Natalia A. Baburina: Department of Economics and Finance, Financial-Economic Institute, University of Tyumen, 625007 Tyumen, Russia
Anastasia O. Ljovkina: Department of Economic Security, System Analysis and Control, Financial-Economic Institute, University of Tyumen, 625007 Tyumen, Russia

Sustainability, 2021, vol. 13, issue 2, 1-11

Abstract: Modern people live in the era of knowledge and digitalization supposed to increase their quality of life. Nevertheless, digital technologies are only the instruments in the development and transformation of social-economic processes and their usage per se does not ensure only positive effects, which much depends on goals, conditions, institutes, etc. Thus, digitalization has an unambiguous influence on many social-economic processes and needs a wise policy to provide smooth progress and well-being for everybody. This study aims to design and test appropriate tools for managing digitalization to direct this process on increasing the quality of life. For this purpose we analyzed: (1) correlation to identify interrelations between digitalization and quality of life; (2) the potential of using the visualization matrix method to identify and monitor national trends of digitalization in the context of quality of life. We found: (1) close correlation between subjective and objective indicators of quality of life and between the quality of life and digitalization; (2) the two-dimensional matrix turned out to be a relevant visual tool that embraces specific two-way relationships between human development and digitalization. In combination with statistical and qualitative methods, this tool has wide prospects for managing digitalization in the context of social progress and increasing quality of life.

Keywords: quality of life; digitalization; human development; ranking of happiness; HDI; world digital competitiveness ranking (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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