VECTORS OF RESTRUCTURING OF ECONOMIC SYSTEMS IN THE COURSE OF DIGITAL TRANSFORMATIONS

Abstract

The article reveals the content of digital transformations during the Fourth Industrial Revolution (Industry 4.0). The latter's direction is defined as the formation of cyber-physical systems, which are designed to replace human labour in production processes. The fundamental transformations taking place during Industry 4.0 are analyzed. These include the formation of the Internet of Things; application of artificial intelligence; construction of "smart" network systems at the level of the enterprise, city, and territory; cyberization of the physical world; integration of human cognitive abilities and artificial intelligence; building a circular economy; formation of self-organized systems based on cloud technologies, etc. In the course of digital transformations, there are significant changes in the form and content of socio-economic systems, which affects the ratio of the constituent elements that form these systems. This phenomenon is defined as restructuring. The reasons determining the key areas of restructuring of economic systems in the course of digital transformations are analyzed. These are: changing the nomenclature of goods and services, changing the structure of technological processes, changing the organizational structure of production, changing the structure of production professions, changing the structure of educational processes, changing the material and informational content of production, changing the structure of transport operations, changing the ratio of human and machine operations, changing the regional production structures, changes in the social structure of society.