THE ROLE OF INFORMATION AND COMMUNICATION TECHNOLOGIES IN THE MODERNIZATION OF ECONOMIC PROCESSES IN THE CONTEXT OF THE DIGITAL ECONOMY
Authors
Azizova Manzura Ibragimovna, Majidova Iroda Gayratovna, Muxitdinova Munavvarxon, Xoliyarov Farhod Toshmuradovich ()Files
Abstract
This article examines the role of information and communication technologies in the modernization of economic processes in the context of the digital economy. The study focuses on how ICT tools transform production, management, financial operations, service delivery, data exchange, and decision-making mechanisms in modern economic systems. In the digital economy, information becomes a strategic resource, while communication technologies create new conditions for increasing transparency, efficiency, competitiveness, and innovation activity. The article emphasizes that the modernization of economic processes is not limited to the technical renewal of infrastructure, but also includes the restructuring of business models, the development of digital competencies, the automation of analytical operations, and the integration of electronic platforms into institutional and entrepreneurial activity. Special attention is paid to the importance of ICT in improving the effectiveness of enterprises, public administration, financial services, electronic commerce, and digital market relations. The research also considers the relevance of ICT development for economic growth, sustainable competitiveness, and the formation of an innovation-oriented economic environment. It is concluded that the effective use of information and communication technologies serves as a key factor in accelerating digital transformation and ensuring the qualitative modernization of economic processes.
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