Transformation of Russian business in the conditions of transition to the digital economy: Sectoral and regional dimensions

The aim of this article is to consider sectoral and regional peculiarities of transformation of Russian business in the conditions of transition to the digital economy. To achieve the objectives of the study used a systematic approach that allows to identify and to establish the common economic space of doing business by large Russian companies, and also regional features of the transition to a digital economy. Application of the method relies on a representative database, published and presented in the Internet sources, which ensured the representativeness of the study results, the validity of assessments the validity of the conclusions of the article. The approach implemented in the article aimed at establishing the specifics of individual businesses, somewhat overlooked by researchers. We are talking about the peculiarities of development of large corporations that are the typical objects of the meso-levels, are economic activities of different types, as well as so-called “smart cities”, the formation of which is especially important for the digital economy. Russian corporations actively use various innovations associated with IT. Transformation of Russian business in the industry aspect is manifested in the change of business models, creating new formats of business; inter-sectoral cooperation, based on active IT using; providing innovative development; innovative horizontal diversification, including through the acquisition of innovative (IT) startups; and the application of “lean production: with IT. The evaluation of costs and effects of the introduction of “smart cities” in Russia is accomplished. The main problems of implementing the tools of the digital economy in Russia are identified. The results of the study have practical significance for the public authorities; large enterprises and organizations of various sectors that implement investment and innovative development strategy in specific regions of the country.

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