This article explores and analyzes the specific features of digitization, the concept, types and differences of terms of digitization and digital transformation, the future share of digital technologies in foreign countries, the advantages and disadvantages of digital technologies in business, the criteria of the digital economy and large online business models, and gives the necessary conclusions and suggestions.
This article is devoted to a comprehensive analysis of the possibilities, problems, and prospects for the development of the small business and private entrepreneurship sector of Uzbekistan in the context of the digital economy. The study examines the mechanisms of the impact of digital transformation on small businesses, an analysis of the current situation, foreign experience, and best practices. The digital economy creates enormous opportunities for small businesses: expanding market boundaries, reducing operating costs, and introducing new business models. Although digital transformation is developing rapidly in Uzbekistan, the level of use of digital technologies in the small business sector lags behind the indicators of developed countries. The article presents proposals for developing digital literacy programs, creating financial support mechanisms, and improving infrastructure to accelerate the digitalization of small businesses.
The article examines the digitalization of business processes of trade services in the context of the development of the digital economy, the formation of a digital business environment based on a new format of interaction between market subjects in the formation of new consumer behavior and the transformation of the traditional business model into an omnichannel development format. The development of a digital business model for increasing the competitiveness of trade services has been proposed, allowing for the formation of digital resources and infrastructure for organizing trade services
The article examines the issues of risky activities of small businesses, as well as risk management measures and problems of using insurance to minimize the risks of domestic business entities. Specific features of microinsurance products, their distribution channels, models for implementing microinsurance activities are identified, and foreign experience is studied. The need to use microinsurance as an innovative mechanism for managing small business risks is substantiated. Keywords:
This article is devoted to consideration of the prospects for the development of small business and private entrepreneurship in our country, the directions for reducing poverty based on the development of entrepreneurship through foreign models. Moreover, the article provides a comparative analysis of the scientific and theoretical views of foreign and local scholars. The problems related to the development of small business and private entrepreneurship have been revealed, and conclusions and proposals for solving these problems have been developed.
This article describes the application of digital transformation in industry, and the main issues in the organization of digital transformation processes in enterprises. The purpose of this study is to identify the main problems and opportunities in the organization of digital transformation processes in the industry based on statistical analysis methods. While writing the article, scientific and practical methods were used, such as the method of comparison, analysis, and synthesis, and statistical data for monitoring the main expenses of enterprises for the development of the digital environment. The main problems of digital transformation were analyzed, and several problems and obstacles of digital transformation were studied. Also, the article describes foreign experiences of the digital transformation process, its role in the economy, advantages and disadvantages, and solutions.
This article proposes a methodology for determining and analyzing the volume and value of “non-working” savings of the population of Uzbekistan, that is, investments and reserves in monetary and non-monetary form, not attracted to the official economy as investments. The methodology takes into account the specifics of the economy, in particular, the high level of influence of the US dollar on the domestic market, the high share of the shadow economy, and the low level of development of investment companies. This study proposes a multi-stage approach, in particular a multi-stage approach that combines macroeconomic balance methods, household microdata, behavioural models of cash demand, and a Bayesian structural module for resource integration. Data sources, validation processes, distribution by region, and implementation algorithm are described.
This article covers stages such as determining nonlinear trends of time series, mathematical modeling, finding trend equations using regression methods, and forecasting. In particular, taking into account the complex dynamics of economic processes, the advantages of exponential, logarithmic, and polynomial models were analyzed. The accuracy and error criteria of the forecast results are considered using practical examples.
This article analyzes the significance of strategic management in small businesses and entrepreneurial entities. Strategic management models are crucial for fostering the growth, enhancing efficiency, and achieving stable market positions for small businesses. The article reviews modern management practices and approaches applied to small business entities in Uzbekistan. The research results underscore the necessity of implementing strategic approaches for the sustainable development of small businesses.
This article examines and analyzes the features of digitalization, the concept, types and differences of the terms digitalization and digital transformation, the share of digital technologies abroad in recent years, the advantages and disadvantages of digital technologies in business and the role of personnel in them, the criteria of the digital economy and the main online business models, as well as the necessary conclusions and suggestions.
In this article, we will analyze the definition of the DSGE model used in macroeconomic analysis, its structure, conditions of use, and its equations. In addition, in this article we will get acquainted with the differences of this model from other models and the opinions of the authors who contributed to its study.
This article analyzes the strategic directions for the development of trade services. In the modern economic environment, trade services play a crucial role not only in ensuring economic growth but also in shaping innovative business models. The research examines the key aspects of trade services, their economic efficiency, and future development prospects. Additionally, recommendations for modernizing trade services in Uzbekistan are proposed
The article highlights the post-industrial aspects of approaches to public administration, the "model of public service", the "model of public service" - the "service feature" of relations between the state and the public, theoretical issues of the application of business models in public administration, such as Business City, Smart City, Smart state, "Provider of public services". Based on theoretical approaches, it was proposed to provide public services to the population based on the principle of "state – service provider" as one of the most optimal solutions for public administration in a post-industrial society
Issues such as strategic investors, adaptation to market principles, elimination of dependence on state funds and creation of equal competitive conditions are defined as the main directions of the banking system reform strategy. The transition of banks to this process requires changing their business models. This article is an important scientific and practical aspect in the process of expanding the income base of commercial banks in the process of transformation.
The article is devoted to analyzing the transformation of the banking sector in the context of the active implementation of artificial intelligence (AI) technologies. It examines the key areas of AI application in banking activities, including automation of operational processes, intelligent risk management, personalization of customer services, and the development of innovative financial products. Special attention is given to how AI changes traditional banking business models, enhances banks’ competitiveness, and creates new strategic advantages in the financial market. The challenges and risks of digital transformation including cybersecurity issues, the ethics of AI usage, and compliance with regulatory requirements are analyzed. The study concludes that the integration of AI technologies into the banking system is becoming an essential condition for its sustainable development and global competitiveness.
Digitalization of national payment systems is one of the prerequisites for ensuring their effectiveness. At the same time, digitalization of these systems is carried out through the introduction of digital technologies by payment and settlement service providers, aimed at gaining competitive advantages by optimizing the provision of services and data processing, as well as the formation of customer-oriented business models.The article examines and summarizes the best practices of foreign countries in the field of digitalization of cashless payments.
The rapid growth of on-demand food delivery services has posed significant challenges in logistics optimization. This study focuses on a formerly leading food delivery company in Uzbekistan, which faced difficulties in meeting customer expectations due to high demand and inefficiencies in courier allocation. The research applied Discrete Event Simulation (DES) theory to analyze courier utilization, waiting times, and delivery performance. The model incorporated district-based clustering, queueing theory, stochastic simulation modeling, model validation and performance evaluation to evaluate various operational scenarios. Findings reveal that integrated models reduce delivery times by 1.6 times, enhance throughput, and provide actionable strategies for urban delivery optimization. The results contribute to both academic literature and managerial practice in emerging markets.
This article examines the concept of a banking ecosystem, the creation of a "banking ecosystem" as a modern model of international transformation processes in the activities of commercial banks in Uzbekistan and the processes of digital transformation of commercial banks. Is presented the role of the banking ecosystem in turning the banking industry into a kind of financial "supermarket" by radically changing the relationship between the bank and the client based on the organization of the banking ecosystem, increasing the prestige of the bank, rapid digitization of economic relations, expanding the offer of a wide range of banking and non financial services to customers.
In this article, information about the importance and role of digital economy concepts, scientific-theoretical views and approaches in the centralization of digital economy services has been written. It is noted that the digital development of the dispatching service using digital technologies and the improvement of its operational quality of service require the implementation of specific business models
The article discusses the currently relevant topic of the formation of trends in digital logistics. In the digital economy, logistics and supply chain management are considered the driver based on the integration and coordination of relationships between consumers and producers of goods and services. The research paper investigates that the end-to-end integration of processes using digital information technologies enables to accelerate all logistics business processes and predict new technological models. These parameters or elements include basic technologies that can provide fast, cheap, reliable and sustainable logistics.
