Open AccessTrend analysis of the sensitivity of international business in the field of information technologies to global limitations
Author(s) -
Oksana Kravchenko,
Yelyzaveta Sapozhnikova
Publication year - 2020
Publication title -
ekonomìka, fìnansi, pravo/ekonomìka. fìnansi. pravo
Language(s) - English
Resource type - Journals
eISSN - 2786-5517
pISSN - 2409-1944
DOI - 10.37634/efp.2020.12(4).3
Subject(s) - information technology , revenue , context (archaeology) , business , consumption (sociology) , modernization theory , technological change , industrial organization , marketing , economics , computer science , economic growth , finance , paleontology , social science , macroeconomics , sociology , biology , operating system
The paper examines the trends of international business in the field of information technology in the context of global constraints associated with the Covid-19 pandemic. In terms of global restrictions, the role of information technology development in the resilience of companies to changes in the external environment and ensuring the possibility of business survival is particularly acute. Analytical IT forecasts need to be considered to be ready for change. It was found that despite the appearance of growth in the field of information technology, due to the pandemic, and the transition of a many number of operations online, in general, there is a reduction. These trends are due to the fact that in the crisis caused by the Covid-19 pandemic, most companies and individuals will delay the modernization of hardware and software, trying to use what already exists. However, a more detailed analysis shows the heterogeneity in the change in demand for certain types of information technology services. Thus, there is an increase in such information technology services as public cloud services and video conferencing, and the presence of deferred demand in declining areas. At the same time, it can be argued that in the long run we can expect a resumption of rapid growth in demand for most information technology services, the consumption of which has been postponed. Today, software vendors help companies of all sizes and industries survive, grow and grow. We looked at the ten most profitable IT companies in the world in 2020. All of them have the highest revenue as of November 18, 2020. The ranking includes mainly US companies, countries with developed post-industrial economies. Almost 80 % of US GDP is accounted for by services, which has made them a world leader in this segment. Material production accounts for only 20 % of GDP, including all industries, agriculture and forestry, construction. Focus on scientific and technological progress is one of the hallmarks of an effective economic system. Given the current trends in the development of IT technologies, we can say that they are the driving force of global transformation and economic growth of the world, as well as increase the competitive advantage of any economic entity.