Allaev Bekzod Alanovich
ASPECTS OF THE FORMATION AND DEVELOPMENT OF THE DIGITAL ECONOMY
IN THE REPUBLIC OF UZBEKISTAN
Currently, the level of development of digital technologies used in economic, government and
other spheres of the state determines not only its economic and social development, but also
significantly increases the country's competitiveness on the world stage. The next wave of
transformation of business and social activity models is unfolding, caused by the advent of a new
generation of digital technologies, which, due to the scale and depth of influence, are called “end-to-
end” - artificial intelligence, robotics, the Internet of Things, wireless communications technologies
etc. Their implementation is estimated to be able to increase labor productivity in companies by 40%.
In the near future, it is the effective use of new digital technologies that will determine the
international competitiveness of both individual companies and entire countries that form the
infrastructure and legal environment for digitalization.
According to experts of the World Economic Forum, the potential of digital transformations
(and as a result of the massive use of digital technologies to reduce various costs, and as a means of
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optimizing processes in the economy, society, and as a result of the emergence of new industries) is
estimated at over $ 100 trillion. Many countries have identified digital development strategies as high
priority and are implementing a set of measures to digitalize the economy and society.
Returning to the term “digital economy”, it should be noted that the directions, forms and
types of activities associated with the use of ICT, digital technologies and big data analysis are
developing so rapidly that even definitions cannot keep up with them. In this regard, both the
refinement of the conceptual apparatus of digitalization and the assessment of its current state and
prospects are relevant, which requires appropriate theoretical justifications for this phenomenon. Two
main aspects should be pointed out: digitalization and the digital economy.
The first is a long, complex and multi-faceted process of translating production and
management technologies and information resources into a state suitable for the effective use of
digital devices and technologies and involves achieving the following goals:
- cheaper and more reliable data collection, systematization, transmission and analysis of
data (due to discrete sensors - the Internet of things, RFID tags, etc.);
- cost reduction and simplification of communications in the economy and society
(digitalization of content and communication channels);
- creation of a system for multi-interaction of people and business processes vertically and
horizontally (interorganizational digital systems).
The main objectives of the digital development of the Republic of Uzbekistan are identified.
- ensuring a systematic and consistent process of development of the digital economy, e-
government, information and communication and innovative technologies;
- increasing digital literacy of the population and training highly qualified personnel in the
field of digital technologies, creating favorable conditions for the retraining of personnel,
popularizing methods of remote work;
expansion of telecommunications infrastructure and data centers, the formation of the necessary
infrastructure to provide the scientific community and the implementation of innovative projects;
- improvement of the legal regulation of the digital economy, the creation of "regulatory
sandboxes" for conducting legal experiments related to the regulation of relations when introducing
new technologies;
- increasing the efficiency of data collection and processing, creating new economic values
through effective data utilization, increasing the availability of data for the population and business
entities;
- introduction of modern forms of financing for IT projects and companies (venture financing,
crowdfunding, IPO, asset tokenization), increasing transparency and accessibility of state orders in
the field of information technology, creating venture capital funds and technology parks, attracting
foreign investment and stimulating the development of export-oriented products , support in the
monetization of digital products and services;
- expanding international cooperation in the field of digital development, actively studying
and introducing foreign experience, establishing cooperation with large foreign companies on the
implementation of joint projects.
Also, a number of elements of the innovative digital ecosystem have been created in the
republic, in order to increase the export of digital technologies, stimulate the development of business
models related to digital technologies and increase investment in the field, the Innovation Center for
supporting the development and implementation of Information Technologies “Mirzo Ulugbek
Innovation Center” has been created and is functioning, Technology Park of software products and
information technologies, together with leading foreign partners, the Center for the implementation
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of educational programs of the University of Webster (USA), the universities of Inha (Korea) and
Amity (India) were created to train highly qualified specialists in the field of digital technologies. The
innovative technoparks “Yashnabad” and “Khorazm” carry out activities.
Today, the Republic of Uzbekistan is represented in many foreign and international indices
and studies that indirectly assess the level of readiness of the country for digital transformation.
So, the results of work over the past years in the field of development and implementation of
the e-government system have a positive impact on the positions of the republic, in particular:
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