THE USE OF DIGITAL TRANSFORMATION TO INCREASE COMPETITIVENESS IN THE INNOVATIVE DEVELOPMENT OF REGIONS

Abdullaev Muzaffar Abdujabbarovich; Abduganieva Gulzada Tolkinovna, Isokulova Munisa Muhammad kizi

Authors

Abdullaev Muzaffar Abdujabbarovich Renaissance University of Education, PhD, Associate Professor, Department of “Finance and Credit”
Abduganieva Gulzada Tolkinovna, Isokulova Munisa Muhammad kizi Renaissance University of Education, III-year student of Banking and Auditing

Keywords:

digital transformation, innovative development, regional competitiveness, digital economy, information technologies, artificial intelligence, economic modernization.

Abstract

The article analyzes the role and significance of digital transformation in enhancing the competitiveness of regions in the process of innovative development. The rapid development of the digital economy requires managing regional economic systems based on new approaches. From this perspective, the paper highlights the opportunities for stimulating innovation activity, increasing production potential, diversifying the service sector, and introducing new business models through the effective use of digital technologies. The study scientifically substantiates the impact of key elements of digital transformation-digital infrastructure, information technologies, databases, and artificial intelligence – on regional competitive advantages. In addition, existing problems in implementing the digital economy in the regions of Uzbekistan are identified, and practical recommendations for addressing these challenges are proposed.

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