Challenges of Russian Economy Digitalization in the Context of Socio-economic Development

Aim: The purpose of this paper is to analyze the issues of changes in business and society while implementing digital economy technologies. Limitations are determined being the result of political levers in the competitive environment amongst high tech companies on the global market of modern technologies. Methodology: A number of methods are introduced to evaluate digital economy development level as an instrument to manage the digitalization processes. It highlights the issues of boosting the efficiency of management decisions in digital economy. Results: This study provides the results of the research of foreign companies on forecasting the development of digital technologies based on economic efficiency criteria. It also looks into the strategy development limitations for the potential of accelerated implementation of digital technologies in Russia. Authors discuss the risks of unregulated processes of digital transformation and ways to minimize them. Conclusion: Firstly, Russian education system has a high potential for training of digital economy specialists. Secondly, original organizational and technological solutions for creating an effective infrastructure of the digital economy have already been adopted. Thirdly, integration and development of specific cases on the basis of modern principles of the digital economy will create a synergetic effect and shall boost the Russian economy.