Digital Intensity and Potential in Russia, Europe and Asia

Abstract

Digital potential of the economies of Asia, Europe and North America occupies a leading position in terms of digital interaction. The countries of Europe and Russia do not sufficiently use digital potential; the reason for this is administrative, telecommunication and psychological barriers. The digital intensity and digital potential of the economies of Asia, Europe and North America interaction. Unfortunately, the countries of Europe and Russia do not fully use their full potential, having many restrictions on their path. As Russia becomes more digitally advanced and the economy develops, World Bank experts found that business in the Russian Federation is innovative, as evidenced by the fact that 80% of the proposals were new to the Russian economy, and 3% were innovative for the world. Among the world leaders in the IT sector, Yandex will stand out, which has become one of the largest search aggregators in the world. In addition, Yandex is actively developing in other areas, from taxi service, to joint projects with the largest banks of the Russian Federation in the financial segment. In addition to Yandex, there are other IT giants in Russia, such as Mail.ru, Rambler and Sberbank. At the same time, each country forms its own digitalization strategy, taking into account the accumulated experience and best practices of rival countries. Digitalization today is the lever and tool that allows you to erase the borders between countries and form a single world economic space.