Digital Transformation of Social and Economic and Production Processes on the Basis of Digital Platform of the Internet of Things

Abstract

Introduction. Transition to the fifth technological mode of social production on the basis of individualization of production and growth in consumption in the context of globalization and rapid increase of the speed of communication and movement takes place under conditions of digital transformation of socio-economic and production processes and their digitalization. Digital economy development is accompanied by the emergence of new trends, such as active introduction of 5G mobile networks in all spheres of life, chat bots, related cloud services, blockchain technology, big data and machine learning, GDPR, augmented and virtual reality, Edge and the Internet of things. The study of the development features of the indicated leading-edge technologies is stipulated by the need for quantitative analysis of their manifestations and detection of problems and development prospects for more accurate assessment of the current state and planning of future behaviour strategy. One of the most important, dynamically developing market segments in the era of the digital economy is the Internet of things. The relevance of its study is not only obvious, but also necessary under conditions of environment turbulence. The purpose of this study is to identify the characteristics and prospects of digital transformation of socio-economic and production processes based on the digital platform of the Internet of things. Achievement of this goal predetermined the need to solve the following problems: to identify the main trends in the development of digital economy, to analyze the theoretical and practical aspects of the Internet of things development as one of the priority areas of digital economy, to give quantitative assessment of the studied direction, to predict the trends of the Internet of things development in the medium-term perspective. Methods. The study used general scientific methods: comparative analysis methods and statistical analysis methods. Results. The main results of the study are the following: the main trends in the development of digital economy were identified, theoretical and practical aspects of the development of the Internet of things were analyzed as one of the priority areas of digital economy, quantitative assessment of the studied direction is given, medium-term trends for the development of the Internet of things were predicted. Prospects. The results of the study confirm the relevance of the development of the digital platform of the Internet of things under conditions of digital transformation of socio-economic and production processes. They allow identifying the further growth drivers in this area taking into account the characteristics and emerging problems.