Korovin, G. B. (2019). Social and Economic Aspects of Digitalization in Russia. Zhurnal Economicheskoj Teorii [Russian Journal of Economic Theory], 16(1), 1-11
The article is devoted to the study of the most relevant concept in the world of industry development called «Industry 4.0». Within the proposed methodological approach, we consider this phenomenon in three main aspects: accelerated development of the information and communication sector of the economy; modernization of existing production based on digital technologies; development of digital services for people and society. Within the framework of this approach, we have highlighted the features of developed countries’ concepts of industrial digitalization. We have systematized the manifestations of the digital economy in terms of new technologies, especially production management and economic efficiency factors for new and traditional industries. The impact of digitalization on society in terms of involvement of global networks, the structure of employment and changes in the educational process was evaluated. The factors, principles and results of the introduction of digital economy technologies in the industry are identified. Digital technologies are defined as end-to-end technologies which allow cyber-physical systems to be created and used in the sector of industry. The probable changes in traditional business models of industrial enterprises are formed on the basis of the latest requirements to the industrial enterprise in the context of digital economy. The results of the study can be used by industrial enterprises and authorities in the formation of the development strategy of the industrial complex. In future, the results will serve as a basis for the development of scientific approaches and practical tools of industrial policy.