Risk management of digital transformation under pandemic

Abstract

Introduction. Development of the information space stimulates economic growth, increases the level of integration of social processes and the competitiveness of the national economy. The knowledge and information economy intensifies national socio-economic processes and gives an additional impetus to the development of information technologies. Information technologies actively influence the economy, create space for its development and stimulate business processes that require an effective risk management system in a crisis. Developed countries are dynamically digitizing all sectors of the economy but Ukraine is forced to develop and converge in this direction during the crisis. Today it is important to study the process of risk management of digital transformation during pandemic.

Methods. The methodological basis of the study is a set of fundamental provisions of crisis theory, management theory, risk management theory, as well as modern concepts of digital transformation. The solution of the set tasks was carried out by using a set of general scientific research methods: analysis of scientific literature, method of analogy and comparison, theoretical synthesis, classification, methodological generalization, economic and statistical analysis: cluster analysis, regression model; expert assessments and scientific abstraction.

The purpose of research – to substantiate the system and stages of risk management, estimation the digital challenges, opportunities and share of digital transformation in Europe, identify macroeconomic preconditions for risk management and develop risk management of digital transformation and its directions under pandemic.

Results. Risk management methods such as risk elimination and localization are evaluated, its stages are established and its system is studied. Digital challenges and opportunities that have changed the way people communicate, learn and work are assessed. A cluster analysis of the share of digital transformation of society among European countries is carried out. The economy of Ukraine is analyzed according to the level of innovation and the histogram of national growth of labor productivity is constructed. The macroeconomic preconditions of risk management in a pandemic are assessed. Basic measures of risk management of digital transformation in the conditions of pandemic and recommendations for ensuring continuous business activity are offered.

Prospects. The prospect of further research is to focus on the problems of digital gap and imbalance, as well as on the government’s balance of support for e-money for the most vulnerable segments of the population and guarantee the security of their funds in a crisis.