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Economic Analysis: Theory and Practice
 

Transformation of methodology for economic analysis and control in modern digital realities

Vol. 23, Iss. 3, MARCH 2024

Received: 1 February 2024

Received in revised form: 13 February 2024

Accepted: 25 February 2024

Available online: 28 March 2024

Subject Heading: BUSINESS PERFORMANCE

JEL Classification: С81, Н83, M42

Pages: 461–476

https://doi.org/10.24891/ea.23.3.461

Natal'ya Sh. PONOMARENKO Donetsk State University (DonSU), Donetsk, Donetsk People's Republic, Russian Federation
n.ponomarenko369@mail.ru

https://orcid.org/0000-0002-8511-5450

Tat'yana A. POZHIDAEVA Voronezh State University (VSU), Voronezh, Russian Federation
pozhidaeva_ta@econ.vsu.ru

https://orcid.org/0000-0002-4753-200X

Elizaveta E. ERMOSHINA Voronezh State University (VSU), Voronezh, Russian Federation
liz.ermoshina@gmail.com

https://orcid.org/0000-0003-2375-4502

Subject. The article addresses the transformation of methodology for economic analysis and control. The need to transform the methodology is largely due to rapidly growing influence of digital technologies on the modern economy, its digitalization, and the need for the management of all economic entities to make prompt and effective economic decisions.
Objectives. The aim is to explore the concepts of ‘digital reality’ and ‘digital economy’, identify their relations, determine the main directions of the transformation in accordance with digital realities.
Methods. The study employs general scientific and specific scientific methods of cognition (analysis and synthesis, induction and deduction, grouping, comparison, etc.).
Results. We systematized ideas about digital reality and digital economy, principles of building an information (network) society, and identified a range of problems related to digitalization of economic analysis and control. The paper highlights the main directions of the transformation of methodology for economic analysis and control in accordance with digital realities.
Conclusions. The transformation of methodology for economic analysis and control is of particular importance in the context of improving the quality of management decisions. The use of digital technologies in economic analysis and control contributes to a more complete observance of their principles, increases the efficiency, objectivity, effectiveness of analysis and control of economic actors’ activities. The study identified problems associated with digitalization, and set new challenges for the development of tools for economic analysis and control.

Keywords: digital economy, transformation, control, economic analysis

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