SPECIFICS OF MANEUVERING OF TECHNOLOGY COMPANIES IN THE DIGITAL INDUSTRY

Keywords: data, technology companies, digital industry, digital technologies, investment and innovation activity

Abstract

The increasing importance of data in the modern economy is supported by the fact that they are formed basis for administrative and economic decisions. The technology companies have a leading role in this process. The article is devoted to changes that occur in the digital industry influenced by the actions traditional and new technology companies. In the focus of attention of research is an investment-innovation activity of companies that create and use data and digital technologies for economic purposes. In this context, the purpose of this research is to study maneuvers of technology companies in the digital industry. The methodological basis of the research includes the systematic and logical approaches, methods of theoretical generalization, induction, deduction, grouping, comparison, classification, analysis of statistical data, graphical. Information base of the research are surveys and reports of international organizations, corporations, consulting agencies, international statistical databases, internet platforms business-analytics, etc. The results of a research process are presented within the conceptions the data economy, the digital transformation of business and the competition for the future industry structure. It is shown that different analysts in marketing and finance fields have a different understanding of the essence of the term «technology company». The comparative analysis of top technology companies in different international business rankings. The article demonstrates as companies from different industries are transforming into technology companies. Our focus are companies which create and use data and digital technologies. They are taking over more of space of digital industry which has no clear boundaries. The article explains that this companies maneuver and change positions in digital industry and elsewhere for growth through innovation. Analysis of areas R&D and patents of top technology companies. The results of the author's observations and theoretical generalization may be of interest for further scientific and applied research and practical solutions at the state level.

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ITU-T (2019). Technical Specification D5. Data economy: commercialization, ecosystem and impact assessment. Available at: https://www.digitaldubai.ae/docs/default-source/publications/itu-t-telecommunication-standardization-sector_-19-7-2019.pdf?sfvrsn=a95fc5b2_0.

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IBM (2022). What is digital transformation? Available at: https://www.ibm.com/topics/digital-transformation.

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Aagaard A. (ed.) (2019). Digital Business Models: Driving Transformation and Innovation (eBook). Palgrave Macmillan. DOI: https://doi.org/10.1007/978-3-319-96902-2

Hamel G., Prahalad C.K. (1994). Competing for the Future. Harvard Business School Press, Boston, MA. 288 p.

Forbes (2022). The World’s Largest Tech Companies In 2022: Apple Still Dominates As Brutal Market Selloff Wipes Trillions In Market Value. Available at: https://www.forbes.com/sites/jonathanponciano/2022/05/12/the-worlds-largest-technology-companies-in-2022-apple-still-dominates-as-brutal-market-selloff-wipes-trillions-in-market-value/?sh=2032c31c3448.

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Companies Marketcap (2022). Largest tech companies by market cap. Available at: https://companiesmarketcap.com/tech/largest-tech-companies-by-market-cap.

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Tuck A. (2022). Top 10 most influential technology companies in the world. Technology Magazine. Available at: https://technologymagazine.com/digital-transformation/top-10-global-technology-companies.

STL Partners (2022). From Telco to Techco. Available at: https://stlpartners.com/insights/from-telco-to-techco/.

Vodafone Business: from telco to tech comms. Available at: https://www.vodafone.com/business/news-and-insights/analyst-view/vodafone-business-from-telco-to-tech-comms.

CompTIA (2021). IT Industry Outlook 2022. Available at: https://comptiacdn.azureedge.net/webcontent/docs/default-source/research-reports/comptia-it-industry-outlook-2022_fin.pdf?sfvrsn=8e44dcc3_0.

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Macrotrends. Available at: https://www.macrotrends.net/.

The United States Patent and Trademark Office (USPTO). Available at: https://www.uspto.gov/.

Patents by Company. Available at: https://patents.justia.com/company.

2021 Top 50 US Patent Assignees. Available at: https://www.ificlaims.com/rankings-top-50-2021.htm.

2021 Global 250: The World's Largest Patent Holders. Available at: https://www.ificlaims.com/rankings-global-assets-2021.htm.

Samsung Research Launched to Help Drive Samsung’s Leadership in Future Innovation. Available at: https://news.samsung.com/global/samsung-research-launched-to-help-drive-samsungs-leadership-in-future-innovation.

Are You Ready for Green Growth? Most Innovative Companies 2022. Available at: https://www.bcg.com/publications/2022/innovation-in-climate-and-sustainability-will-lead-to-green-growth.

Pope J. (2022). AWS Chief Says Amazon's Most Profitable Segment Is Just Getting Started. Available at: https://www.fool.com/investing/2022/07/07/aws-chief-says-amazons-most-profitable-segment-is/.

Bajpai P. (2021). Which Companies Spend the Most in Research and Development (R&D)? Available at: https://www.nasdaq.com/articles/which-companies-spend-the-most-in-research-and-development-rd-2021-06-21.

Bishop Z. (2021). Global Data from IBM Points to AI Growth as Businesses Strive for Resilience. Available at: https://newsroom.ibm.com/IBMs-Global-AI-Adoption-Index-2021?lnk=ushpv18ai3.

McKinsey Global Institute (2016). Digital globalization: The new era of global flows. Available at: https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/digital-globalization-the-new-era-of-global-flows.

McKinsey Global Institute (2019). Navigating a world of disruption. Available at: https://www.mckinsey.com/featured-insights/innovation-and-growth/navigating-a-world-of-disruption.

Article views: 343
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Published
2022-08-30
How to Cite
Korablinova, I. (2022). SPECIFICS OF MANEUVERING OF TECHNOLOGY COMPANIES IN THE DIGITAL INDUSTRY. Economy and Society, (42). https://doi.org/10.32782/2524-0072/2022-42-58
Section
ECONOMICS