BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

The Role of Cloud Technologies in the Digital Economy
Davydov D. S., Riabovol D. A., Kramarenko A. О., Kvitka A. V.

Davydov, Denys S. et al. (2020) “The Role of Cloud Technologies in the Digital Economy.” Business Inform 8:171–177.
https://doi.org/10.32983/2222-4459-2020-8-171-177

Section: Information Technologies in the Economy

Article is written in English
Downloads/views: 8

Download article (pdf) -

UDC 338.47

Abstract:
At the present stage of the development of the digital economy especially relevant are the technologies that are universal in nature and will be able to change the business processes of modern Internet companies. One of such directions is cloud solutions that allow, among other things, faster access to the necessary information, minimizing the locally occupied memory, by shifting basic information operations to remote capacities, while accelerating many processes and making the expensive infrastructure unnecessary. However, it is worth noting the existence of a number of restrictions related to insufficient awareness of companies as to new solutions, as well as their link to existing solutions, which makes it quite difficult for them to fulfill transition to new, more efficient cloud-based instruments. The authors analyze the key factors of both positive and negative nature, which in some way or another influence the decision-making by digital companies on the beginning of active application of this complex of new technologies. A substantiation for the feasibility of such innovations is provided. The main trends of digital economy development and the process of digitalization with integration of traditional industries therein are considered. The main advantages and contradictions of implementation of the cloud technologies on a wide basis are shown. The relationship between the growth of quantity of information in the digital economy and the need to create effective mechanisms for processing and storing it based on the Public Cloud technologies is specified. The peculiarities of the API-first business model of companies that are actively developing in the face of growing global volume of information are considered. Examples of the positive effect of using cloud computing technologies in the digital product creation are presented and the industry’s major players are listed. The importance of government initiatives for implementing innovations is noted. Actual directions of increasing the potential of using cloud technologies in business are identified.

Keywords: digital economy, cloud technologies, cloud computing, digitalization, Big Data.

Fig.: 2. Bibl.: 20.

Davydov Denys S. – Candidate of Sciences (Economics), Associate Professor, Director, Karazin Center for Entrepreneurship, Educational and Research Institute «Karazin Business School» of V. N. Karazin Kharkiv National University (1 Myronosytska Str., Kharkiv, 61002, Ukraine)
Email: [email protected]
Riabovol Dmytro A. – Student, Faculty of Economics, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Kramarenko Anna О. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Management and Administration, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Kvitka Anton V. – Candidate of Sciences (Economics), Associate Professor, Deputy Director, Educational and Research Institute «Karazin Business School» of V. N. Karazin Kharkiv National University (1 Myronosytska Str., Kharkiv, 61002, Ukraine)
Email: [email protected]

List of references in article

“Digital Economy Compass 2019. Statista“. https://cdn.statcdn.com/download/pdf/DigitalEconomyCompass2019.pdf
“The importance of data analysis in autonomous vehicle development“. DXC Technology Company. https://www.dxc.technology/auto/insights/146742-the_importance_of_data_analysis_in_autonomous_vehicle_development
Reinsel, D., Gantz, J., and Rydning, J. “The Digitization of the World. From Edge to Core“. https://www.seagate.com/files/www-content/our-story/trends/files/idc-seagate-dataage-whitepaper.pdf
“Governments Embracing Cloud. An Opportunity for Modernization, Innovation and Transformation“. Information Technology Association of Canada. https://itac.ca/wp-content/uploads/2019/09/ITAC-govt-Cloud-paper-Eng-aug2019-final.pdf
“Half-Yearly Review Shows $150 billion Spent on Cloud Services and Infrastructure“. Synergy Research Group. https://www.srgresearch.com/articles/half-yearly-review-shows-150-billion-spent-cloud-services-and-infrastructure
Jones, E. “Cloud Market Share - a Look at the Cloud Ecosystem in 2020“. https://kinsta.com/blog/cloud-market-share/
Fuscaldo, D. “Stripe Now Has a Valuation of $35 Billion“. https://www.forbes.com/sites/donnafuscaldo/2019/09/19/stripe-now-has-a-pre-money-valuation-of-35-billion/#40d65e1562e6
Levine, D. “APIs are the next big SaaS wave“. https://techcrunch.com/2019/09/06/apis-are-the-next-big-saas-wave/
Stalcup, K. “AWS vs Azure vs Google Cloud Market Share 2020: What the Latest Data Shows“. https://www.parkmycloud.com/blog/aws-vs-azure-vs-google-cloud-market-share/
Hoff, T. “Case Study: Pokemon GO On Google Cloud Load Balancing“. http://highscalability.com/blog/2018/8/8/case-study-pokemon-go-on-google-cloud-load-balancing.html
Whitney, L. “Moving to the cloud: Top challenges organizations face“. https://www.techrepublic.com/article/organizations-face-multiple-challenges-trying-to-adopt-cloud-technology/
Wong, J. “The Cambridge Analytica scandal changed the world - but it didn't change Facebook“. https://www.theguardian.com/technology/2019/mar/17/the-cambridge-analytica-scandal-changed-the-world-but-it-didnt-change-facebook
“Cost of a Data Breach Report 2019“. Ponemon Institute. https://www.all-about-security.de/fileadmin/micropages/Fachartikel_28/2019_Cost_of_a_Data_Breach_Report_final.pdf
Smith, D. “Cloud Strategy Leadership. Gartner Insights on How and Why Leaders Must Implement Cloud Computing“. https://www.gartner.com/imagesrv/books/cloud/cloud_strategy_leadership.pdf
Gupta, A. et al. “Ascent to the Cloud. How Six Key APAC Economies Can Lift-Off“. http://image-src.bcg.com/Images/Ascent_to_the_Cloud_Report_21Oct_tcm9-231826.pdf
“UK Public Sector: Why the Journey to the Cloud is like Pizza. Survey Report 2019“. iGov Survey. https://www.fujitsu.com/uk/imagesgig5/Public-Sector-Research.pdf
“Cloud computing - statistics on the use by enterprises“. Eurostat. https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Cloud_computing_-_statistics_on_the_use_by_enterprises#Enterprises.E2.80.99_dependence_on_cloud_computing
“Stimulating digital innovation for growth and inclusiveness. The role of policies for the successful diffusion of ICT“. OECD Digital Economy Papers. https://www.oecd-ilibrary.org/docserver/5jlwqvhg3l31-en.pdf?expires=1581784334&id=id&accname=guest&checksum=08AD107A4420640333D5277BA3D9300D
“A Cloud Timeline: U. S. Government's Modernization Journey“. Amazon Web Services. https://aws.amazon.com/ru/blogs/publicsector/a-cloud-timeline-u-s-governments-modernization-journey/
“European Commission Cloud Strategy - Cloud as an enabler for the European Commission Digital Strategy“. European Commission. 16 May 2019. https://ec.europa.eu/info/sites/info/files/ec_cloud_strategy.pdf

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster