Innovative Development and Global Challenges

Technology has traditionally been the basis for the economic development of the world community. Whether it is a variety of heat engines or blockchain technologies or the Internet of things, which are gaining enormous popularity in the current stage of digitalization. But regardless of the phase of the economic cycle and the level of development of technology, technologies are implemented as a product of intellectual activity being its derivative. They may take the form of inventions, methods of managing and adjusting production, implemented improvements etc. Technologies are innovations in a broad sense, implemented in all spheres of the economic life of society and leading to the creation / consolidation of competitive advantages, solving a production problem and meanwhile increasing the efficiency of resource use.Today end-to-end digital technologies are being formed and developed in the context of global problems and challenges. And as the experience of the covid pandemic show these challenges often have a positive impact on the accelerated introduction of digital technologies into both economic and social life of the world community which is changing the direction of modern innovative development in the short and medium term