INNOVATIVE POTENTIAL AND EFFICIENCY OF INDUSTRIAL ENTERPRISES IN UZBEKISTAN

Аннотация

This article is devoted to the study of the innovative potential of industrial enterprises in Uzbekistan and its efficiency. The study analyzes the level of development of innovative processes in the country's industry, technological innovations and their economic efficiency. The article considers the factors that hinder the innovative activity of enterprises, as well as ways to eliminate them. Emphasizing the importance of innovations in the economy of Uzbekistan, the possibilities of increasing the competitiveness of the industry through theuseofforeign experience and advanced technologies are considered. Keywords: innovative potential, industrial enterprises, technological innovations, efficiency, economy ofUzbekistan, competitiveness. Introduction: The main direction of the global economy in the 21st century is the transition to an economic model based on knowledge and innovation. According to the World Bank, more than 60% of gross domestic product (GDP) in developed countries is created due to intellectual capital and innovative technologies. In particular, due to the fourth industrial revolution (Industry 4.0), technologies such as artificial intelligence, big data and the Internet ofThings (IoT)are fundamentally changing production efficiency. Uzbekistan has also identified the development of an innovative economy as one of its priorities during thecomprehensivereforms implemented since 2017.Thedecree ofPresident Sh.M.Mirziyoyev onthe“Strategy of theNew Uzbekistan” dated January 28, 2022,indicates “making our country competitive in the world market through the development of an innovative economy” as the main task. However, the innovative potential of Uzbek industrial enterprises stilldoes not meet international standards. According to the Statistical Committee, the share of innovative products in industrial enterprises in 2023 will be around 12%, which is significantly lower than in the European Union countries (45%) and South Korea (55%). This article presents an analysis of the main theoretical and practical works of Uzbek and foreign researchers oninnovativepotential andits effectiveness. Literature review. The impact of innovative capacity on enterprise performance has been studied in many studies. Nobel Prizelaureate Robert Solow, in his neoclassical growth model, identified technological progress as the main source of long-term economic growth. Accordingtohis model:  Traditional resources such as labor and capital only provide structural growth temporarily;  Innovation (technological progress) increases labor productivity in the long term and leads to sustainablegrowth;  According to Solow's calculations, more than 80% of GDP growth in the United Statesbetween 1909and 1949was due totechnological progress.1 1RobertSolow"AContributiontotheTheoryofEconomicGrowth"(1956) page955 INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE ISSN:2692-5206,ImpactFactor:12,23 AmericanAcademicpublishers,volume05,issue05,2025 Journal: https://www.academicpublishers.org/journals/index.php/ijai From the studies analyzing innovative activity in industrial enterprises in Uzbekistan, it can be seen from the works of Abdurakhmonov and Usmanova that investments in innovation are relatively low due to the priority of the country's mainly resource-based economy. However, in recent years, positive changes have been observed in the introduction of new technologies intheIT, textile, chemical andprocessing industries.2 Analysis of results. Today, the successful implementation of all strategic plans for the modernization and renewal of our country, the development of the economy on the basis of a qualitatively new, modern structural structure, as well as the comprehensive socio- economic development of regions, directly depends on the rapid development of infrastructure networks and their effective use. It is the expansion and qualitative improvement of infrastructure networks that contribute to the overall economic development ofthe country, theproduction creates thebasis for achieving high efficiency intheproduction and services sector, and also serves to ensure economic and social equality between regions. In this regard, the Decree of the President of the Republic of Uzbekistan Sh. Mirziyoyev “On the Strategy of Actions for the Further Development of the Republic of Uzbekistan” 3stipulates that “... reducing the energy and resource consumption of the economy, widely introducing energy-saving technologies into production, expanding the use of renewable energy sources, and increasing labor productivity in economic sectors” is one of the most priority tasks to be solved in our republic in the coming years and in the future. Successful implementation of this priority task sets before industrial enterprises the task of further increasing production capacity, improving product quality, successfully withstanding market competition,expanding thecustomer base, and also maximizing theprofit obtained as aresult of these processes. At