STIMULATING INNOVATION AND SUPPORTING SUSTAINABLE DEVELOPMENT: INTEGRATION OF INVESTMENT POLICY AND DIGITAL TRANSFORMATION IN THE CONTEXT OF PANDEMICS
DOI:
https://doi.org/10.17721/2616-9193.2024/19-7/22Keywords:
innovation, sustainable development, investment policy, digital transformation, pandemics, smart city, information society.Abstract
Background . This article examines the interconnection between state investment policy and the digital transformation of society in the context of pandemics, with an emphasis on stimulating innovation and sustainable development. The paper is dedicated to analyzing strategies that foster innovation and sustainable growth within the integration of investment policy and digital transformation, particularly under pandemic conditions. The study considers the potential of digitalization as a catalyst for the development of smart cities, which can significantly enhance the quality of life for citizens by ensuring safety, energy efficiency, and creating comfortable living conditions.
Methods . Employing an analytical approach, the research assesses current strategies and initiatives, as well as explores the potential of digitalization for the development of smart cities.
Results . The analysis demonstrates that digitalization can significantly improve the quality of life for citizens by ensuring safety and energy efficiency. It highlights the challenges and opportunities that arise for states and economic entities. The paper analyzes how states, regions, and business structures can adapt to rapid changes induced by digital innovations and global crises, including pandemics. It emphasizes the necessity of developing comprehensive strategies that integrate investment policy and digital technologies to achieve sustainable development and form smart cities capable of effectively responding to contemporary challenges. The role of informational transformation in creating smart cities as a platform for enhancing educational systems, healthcare, production innovation, and increasing energy efficiency is outlined.
Conclusions . The conclusions underscore the relevance of smart city development in the context of integrating investment policy and digital transformations, which require new approaches to management, societal development, and interaction with global challenges. The development of comprehensive strategies that integrate investment policy and digital transformation is key to achieving sustainable development and creating smart cities capable of effectively responding to modern challenges.
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