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National Interests: Priorities and Security
 

Cross-industry transformation: Structural modifications and innovative development

Vol. 17, Iss. 7, JULY 2021

Received: 26 April 2021

Received in revised form: 15 May 2021

Accepted: 31 May 2021

Available online: 15 July 2021

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: L60, L86, L89

Pages: 1238–1260

https://doi.org/10.24891/ni.17.7.1238

Viktoriya V. AKBERDINA Institute of Economics of Ural Branch of Russian Academy of Sciences (IE UB RAS), Yekaterinburg, Russian Federation
akberdina.vv@uiec.ru

https://orcid.org/0000-0002-6463-4008

Ol'ga P. SMIRNOVA Institute of Economics of Ural Branch of Russian Academy of Sciences (IE UB RAS), Yekaterinburg, Russian Federation
smirnova.op@uiec.ru

https://orcid.org/0000-0001-6965-8028

Subject. The cross-industry transformation is viewed from perspectives of the cross-industry interaction in industrial complexes and the integration of industrial technologies, which can be used directly in unrelated industries, with the multiplicative effect giving an impetus to S&T development of the nation.
Objectives. We identify key aspects and new technological trends in the industry and analyze the innovative activity as a driver of structural changes in the economy.
Methods. The study is based on methods of systems, structural-functional, comparative, economic-statistical and comprehensive approaches to analyzing the safe and sustainable operation of industries.
Results. The article reviews issues of the integration or intellectual and information technologies into business structures of the industrial production for profit-making and competitive advantages in the market. We determined versatile indicators of the sustainable industrial development as there technological changes induce the large transformation. We display the structure of the industrial sector over time by type of economic activity, analyzing the degree and dynamism of the innovative activity in high-tech, mid-tech and low-tech production. Despite the positive dynamics of the Industrial Production Index, the percentage of the industrial sector in GDP has been shrinking for several years in a row, with the major portion being contributed by the servicing sector.
Conclusions and Relevance. The digitalization of the industrial sector is one of the principal trends in the global economic development, with digital cross-industrial technological processes prevailing in all industries, reshaping their structure and bringing innovations and modernization. The use and broad integration of digital technologies gives enterprises a competitive advantage for sustainable development, which is indispensable without additional financial injections into such technologies.

Keywords: industry, cross-industrialization, structural changes

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