DEVELOP DIGITAL ECONOMY AND INNOVATIONS IN OUR REPUBLIC PROMISING DIRECTIONS

Аннотация

The article presents information on the theoretical foundations of the digital economy, new principles of business management, as well as problems arising in the development and application of modern information technologies of the digital economy. The risks of their use in Uzbekistan, artificial intelligence and modern trends in the digitalization of the global economy are also identified. KEYWORDS Risk, advanced technologies, artificial intelligence, financial resources, modern information, strategy, national brand, innovation, gross domestic product. INTRODUCTION strengthening entrepreneurial initiative, and providing Resolution of the President of the Republic of financial resources. By implementing deep structural Uzbekistan “On the wide implementation of the digital changes in the economy, the country's gross domestic economy and e-government” Based on the Resolution product will reach $122 billion by 2035. In determining No. PP-4699 of April 28, 2020 "On measures to increase this scale of growth, nominal GDP growth, economic the digital economy's share in the country's gross efficiency, and per capita income growth were taken domestic product by 2 times by 2023 The economic into account. development strategy is based on factors such as the The social sector development department sets out development of industry, services and agriculture, the following goals: developing human capital through Volume 04 Issue 12-2024 128 International Journal Of Management And Economics Fundamental (ISSN – 2771-2257) VOLUME 04 ISSUE 12 PAGES: 128-137 OCLC – 1121105677 Publisher: Oscar Publishing Services Servi the education system and labor market, providing all As the President of the Republic of Uzbekistan Sh.M. segments of the population with quality medical Mirziyoyev noted in his Address to the Oliy Majlis: services, improving the health of the population “...we know very well that the formation of a digital through the development of science and innovation, economy requires the necessary infrastructure, a lot of social protection, environmental protection, forming a money and labor resources. However, no matter how new generation of progressive thinkers, and difficult it is, if we do not start this work today, when popularizing the country's national brand on an will we start?! Tomorrow will be too late. Therefore, an international scale. active transition to a digital economy will be one of our Uzbekistan's Development Strategy until 2035 Action top priorities in the next 5 years. Digital technologies Strategy logical continuation being, our country in will not only increase the quality of products and development It is significant because it opens a new services, but also reduce unnecessary costs .” page. The draft strategy outlines the projections for Given global trends and developments in foreign implementing reforms in each area in a phased manner policy, Uzbekistan is facing challenges in terms of and within specific timeframes to achieve the set goals. global competitiveness and national security, and the The country's development today along a democratic, development of the digital economy in the country evolutionary path is the most effective and is yielding plays an important role in addressing these challenges. effective results. In a market economy, everything is Some elements of the digital economy are already determined by supply and demand. Population operating successfully. Current on the day, documents demand and offer satisfaction for the purpose of and of communications Taking into account the Expanding research and development work on the widespread transition to digital means, authorization introduction of digital economy technologies through for electronic signatures and communication with the modernization and accelerated development of state are also being transferred to an electronic enterprises within the framework of the priority areas platform. of economic development and liberalization, approved Uzbekistan Republic President Sh.M. Mirziyoyev's 2020 by the Decree of the President of the Republic of According to the data presented at an event dedicated Uzbekistan No. UF-4947 dated February 7, 2017 "On the to the development of information technologies on Strategy of Actions for the Further Development of the February 13, 2018, "in the USA, the share of the digital Republic of Uzbekistan" The digital economy will play economy in GDP is 10.9 percent, in China 10 percent, a key role in implementing the Action Strategy 2035.[1] and in India 5.5 percent. In Uzbekistan, this indicator is 2 does not exceed percent." Therefore, the Volume 04 Issue 12-2024 129 International Journal Of Management And Economics Fundamental (ISSN – 2771-2257) VOLUME 04 ISSUE 12 PAGES: 128-137 OCLC – 1121105677 Publisher: Oscar Publishing Services Servi development of the digital economy in Uzbekistan, in No country can rationally formulate and implement particular e-commerce services, is one of the most economic p