The Development of the European Union Countries Under the Influence of the Digital Transformation

Abstract

The main purpose of the study is to determine the main trends of the socio-economic development of the EU countries under the influence of the digital transformation. The modern world has already taken some steps towards a new technological, economic and social reality. The European Commission's Digital Compass plan sets out goals for a successful digital transformation in Europe by 2030. The 2030 target of the Digital Compass is that at least 80% of citizens have at least basic digital skills, at least 90% of small and medium-sized enterprises in the EU should have a basic level of digital intensity, all key public services for citizens and businesses should be fully online by 2030. Based on the analysis from specialized literature and statistical data, it was possible to present the situation in the field of digital transformation of the EU states. The key aspects of socio-economic development indicators in the field of human capital, connectivity, integration of digital technology, digital public services are analyzed in this paper. Several indicators are analyzed such as: digitally skilled population and highly skilled digital professionals, secure and sustainable digital infrastructures, the degree of digital intensity of business processes, the use of Cloud computing, Big data, Artificial intelligence by enterprises, the share of businesses that sell online and the digitalisation of public services. Our study provides an overview of the current state of adoption of digital transformation by EU society and trends in their further development. Developments in the digital economy and society cannot be achieved through isolated improvements in particular areas but through concerted improvement in all areas. UDC: 004.78:061.1EU; JEL: O3, O52, P52.