Implementing digital solutions to safeguard the economic and legal stability of industrial enterprises
Year: 2024
Type: article
Abstract: In today’s technological world, digital transformation has become a prerequisite for the successful operation of any enterprise. This digital transformation is fundamentally changing approaches to doing business, setting new standards of efficiency and competitiveness in the global market. It is transforming traditional industrial processes by introducing automation and intelligent systems using modern digital tools, including the Internet of Things and artificial intelligence, which improves efficiency, reduces costs and protects against cyber threats. Ensuring economic and legal security in the context of digital transformation for industrial enterprises is a complex task that requires a comprehensive approach and scientific substantiation. The study aims to qualitatively assess the current level of use of digital tools for integrated management of industrial enterprises’ economic and legal security, identify potential areas for developing digital security in this area, and justify the need to introduce cyber defence in the current business environment. The study was conducted using a set of methods, including theoretical analysis, empirical research, and regulatory and legal analysis of the problem of using digital tools to ensure industrial enterprises’ economic and legal security. The article presents a study that covers both the impact of digital transformation on business and the analysis of current trends and challenges in this area. It has been proved that digital transformation involves introducing innovative technologies that automate processes, optimise resource management, and facilitate the adoption of sound management decisions. The international indices that assess countries’ digital development level, particularly the quality of communication, availability of digital services and cybersecurity, are analysed. The current business challenges associated with digital transformation are identified, which allows us to determine the critical areas of development of industrial enterprises in the digital economy, taking into account the managerial aspects of economic and legal security. The author investigates the relationship between the threats arising from the digital transformation of industrial enterprises and the new opportunities opening up in the context of the components of the production cycle. The author identifies typical obstacles in managing industrial enterprises with the introduction of digital transformation, areas of implementation and several digital tools to ensure their digital security, and provides proposals for the introduction of legal mechanisms for digital transformation.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4403733203