DIGITAL ECONOMY: INDUSTRY 4.0 AND ECONOMIC EFFICIENCY

This article explains the essence of digital economy and industry-4.0 and their interrelation. Indeed, industry is the locomotive industry in creating added value in the economy. The development and improvement of other industries depends on the industry. This is because digital technologies are developed by industrial enterprises on the basis of scientific achievements. This means that if industry does not develop, other sectors will not be able to develop. Therefore, in the digitization of the economy, first of all, special attention should be paid to the digitization of the industrial sector. This article is dedicated to this very topic. Another side of the issue is that digital technologies enable high economic efficiency in all areas. The study revealed these aspects of the issue and developed scientific conclusions.