Economic relations modification during the digital transformation of business

Sergei Smirnov, Eugen Cheberko, Igor Arenkov, Iana Salikhova

Research output

Abstract

This paper is devoted to economic relations transformation under the influence of digital transformation, the recent socio-economic trends and the overall crisis of the free market system. Recently researchers have shown an increased interest in changes of commodity-money relations, expansion of pseudo-market relations, de-commercialization and, vice versa, hyper-commercialization, that spreads out to cover new markets globally. By authors opinion economic relations are in the process of transformation that ultimately will lead to sufficient decrease of for-profit organizations and period of non–profit organizations flourishing. Digital transformation even now creates major challenges for current commodity-money relations. Excessive abundance of available information distort the market functioning and create obstacles for the productive forces development. Pseudo-market relations have become increasingly common especially in the spheres of culture, art and sport. Under these circumstances during the forthcoming long period of digital transformation the increasing importance has to be given to the moral aspects of economic relations, and these problems could not be any more ignored by governments.

Original languageEnglish
Title of host publicationNew Knowledge in Information Systems and Technologies - Volume 3
EditorsÁlvaro Rocha, Hojjat Adeli, Luís Paulo Reis, Sandra Costanzo
PublisherSpringer
Pages415-421
Number of pages7
ISBN (Print)9783030161866
DOIs
Publication statusPublished - 1 Jan 2019
EventWorld Conference on Information Systems and Technologies, WorldCIST 2019 - Galicia
Duration: 16 Apr 201919 Apr 2019

Publication series

NameAdvances in Intelligent Systems and Computing
Volume932
ISSN (Print)2194-5357

Conference

ConferenceWorld Conference on Information Systems and Technologies, WorldCIST 2019
CountrySpain
CityGalicia
Period16/04/1919/04/19

Fingerprint

Economics
Industry
Sports
Profitability

Scopus subject areas

  • Control and Systems Engineering
  • Computer Science(all)

Cite this

Smirnov, S., Cheberko, E., Arenkov, I., & Salikhova, I. (2019). Economic relations modification during the digital transformation of business. In Á. Rocha, H. Adeli, L. P. Reis, & S. Costanzo (Eds.), New Knowledge in Information Systems and Technologies - Volume 3 (pp. 415-421). (Advances in Intelligent Systems and Computing; Vol. 932). Springer. https://doi.org/10.1007/978-3-030-16187-3_40
Smirnov, Sergei ; Cheberko, Eugen ; Arenkov, Igor ; Salikhova, Iana. / Economic relations modification during the digital transformation of business. New Knowledge in Information Systems and Technologies - Volume 3. editor / Álvaro Rocha ; Hojjat Adeli ; Luís Paulo Reis ; Sandra Costanzo. Springer, 2019. pp. 415-421 (Advances in Intelligent Systems and Computing).
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Smirnov, S, Cheberko, E, Arenkov, I & Salikhova, I 2019, Economic relations modification during the digital transformation of business. in Á Rocha, H Adeli, LP Reis & S Costanzo (eds), New Knowledge in Information Systems and Technologies - Volume 3. Advances in Intelligent Systems and Computing, vol. 932, Springer, pp. 415-421, Galicia, 16/04/19. https://doi.org/10.1007/978-3-030-16187-3_40

Economic relations modification during the digital transformation of business. / Smirnov, Sergei; Cheberko, Eugen; Arenkov, Igor; Salikhova, Iana.

New Knowledge in Information Systems and Technologies - Volume 3. ed. / Álvaro Rocha; Hojjat Adeli; Luís Paulo Reis; Sandra Costanzo. Springer, 2019. p. 415-421 (Advances in Intelligent Systems and Computing; Vol. 932).

Research output

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AB - This paper is devoted to economic relations transformation under the influence of digital transformation, the recent socio-economic trends and the overall crisis of the free market system. Recently researchers have shown an increased interest in changes of commodity-money relations, expansion of pseudo-market relations, de-commercialization and, vice versa, hyper-commercialization, that spreads out to cover new markets globally. By authors opinion economic relations are in the process of transformation that ultimately will lead to sufficient decrease of for-profit organizations and period of non–profit organizations flourishing. Digital transformation even now creates major challenges for current commodity-money relations. Excessive abundance of available information distort the market functioning and create obstacles for the productive forces development. Pseudo-market relations have become increasingly common especially in the spheres of culture, art and sport. Under these circumstances during the forthcoming long period of digital transformation the increasing importance has to be given to the moral aspects of economic relations, and these problems could not be any more ignored by governments.

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Smirnov S, Cheberko E, Arenkov I, Salikhova I. Economic relations modification during the digital transformation of business. In Rocha Á, Adeli H, Reis LP, Costanzo S, editors, New Knowledge in Information Systems and Technologies - Volume 3. Springer. 2019. p. 415-421. (Advances in Intelligent Systems and Computing). https://doi.org/10.1007/978-3-030-16187-3_40