383
Also, in the scientific article written by I.Yu.Umarov, suggestions and recommendations were
developed on ways to improve business efficiency in innovative management in the conditions of the
digital economy.
In 1995, author Don Tapsot first used the term "Digital Economy" in the book "Digital
Economy: Promise and Peril in the Age of Intellectual Networking". Also, in the State program for
the implementation of the strategy for the further development of the Republic of Uzbekistan: "The
main factor of the production of the digital economy is digital data, using the results of processing
and analysis of large volumes, in comparison with traditional forms of management, different can
significantly increase the efficiency of various production, technologies, equipment, storage, sales,
delivery of goods and services.
The method of analysis and synthesis was used to study the problems in the research work. In
addition, the methods of induction and deduction were widely used in the analysis of views and
opinions related to the research work. In the analysis of the data of the Statistical Committee of the
Republic of Uzbekistan, statistical data grouping, comparative analysis, and sample observation
methods were used. Scientific abstraction and other methods were used to enrich the content of the
work and give it concluding thoughts.
Over the past 15 years, we have seen tremendous growth in digital technologies and their
impact on our lives. Instagram, Facebook, Twitter, and other popular sites (youtube, etc.) are now
influencing consumers. In the modern economy, companies in the digital sector come to the fore and
become growth points that provide the economy with digital resources.
At the beginning of the 20th century, the main engines of the world economy were oil,
metallurgical and mechanical engineering enterprises, but today they are the largest companies in the
field of digital economy.
Digital technologies have given birth to many new trends and startups. Almost all major
companies in the world (Google, Apple, Microsoft, Amazon) make extensive use of digital
technologies. Simply put, digital technologies are related to the development of computer
technologies, which include online services, electronic payments, crowd funding, etc.
A monitoring center for monitoring and improving the legislation of digital technologies was
established. The digital economy can be considered an additional layer to the traditional economy.
Although there is interaction between the layers, each layer requires its own regulation and rules.
Investments in digitalization by private companies in Uzbekistan make up 0.12% of GDP. By
comparison, the US has the highest rate in the world at 5%, followed by Western Europe at 3.9% and
Brazil at 3.6%. Thus, now Uzbekistan is 8-10 years behind the leading countries in terms of the level
of digitalization.
It is estimated that more than 50% of GDP growth in Uzbekistan by 2030 will be related to
the development of digital technologies. In addition, the main role here is played not only by the
development of the oil and gas industry, but also by the impact of this development - the overall
increase in the efficiency and competitiveness of other sectors of the country's economy.
According to preliminary forecasts, if the above factors are present, the contribution of
digitalization to the economic growth of Uzbekistan by 2030 will be more than 30% based on the
total accumulated since 2017.
