Digital Simulation of Economic Processes

Authors

Tatiana A. Subbotina^{1, *,} tatyana.subbotina@novsu.ru^,

¹Yaroslav-the-Wise Novgorod State University, Veliky Novgorod, Russia

DOI

10.2991/aebmr.k.220208.064How to use a DOI?

Keywords

digitalization; simulation; business planning

Abstract

This article is devoted to the study of digital simulation as a method of strategic management of economic processes. Digital transformation has affected all spheres of development, especially the economy and its sectors. However, digital simulation of economic processes is still not considered a priority for the development of the digital economy, despite its innovative importance. This study aims to determine the effectiveness of the transition from traditional business models to strategic management using digital twins. At the same time, the author refers to early academic papers on the study of digital twins and their role in the economic process. Based on statistical data, the current innovative state of entrepreneurship is presented. In addition, conclusions were drawn regarding digitalization of economic entities. The practical application of digital simulations in economic activity, types of digital simulations, their advantages and disadvantages are discussed in detail in the study. Relevant conclusions are drawn on the basis of the analysis. The results of the study show the importance of digital simulations not only for enterprises, but also for the country. The prospects for the development of digital simulation in Russia under the relevant conditions are described. All other things being equal, the development of digital simulation of economic processes may remain at the initial stage. However, the advantages of this method over traditional modeling methods are ponderable, but this method requires not only the development of the digital economy, but also the development of IT-technologies and specialists in the relevant fields of programming and economics.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Tatiana A. Subbotina
PY  - 2022
DA  - 2022/02/25
TI  - Digital Simulation of Economic Processes
BT  - Proceedings of the International Scientific and Practical Conference Strategy of Development of Regional Ecosystems “Education-Science-Industry” (ISPCR 2021)
PB  - Atlantis Press
SP  - 451
EP  - 455
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220208.064
DO  - 10.2991/aebmr.k.220208.064
ID  - Subbotina2022
ER  -