• International Journal of Technology (IJTech)
  • Vol 13, No 7 (2022)

Innovative Digital Technology and Economy Capacity Development

Innovative Digital Technology and Economy Capacity Development

Title: Innovative Digital Technology and Economy Capacity Development
Mohammed Ali Berawi

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Cite this article as:
Berawi, M.A., 2022. Innovative Digital Technology and Economy Capacity Development. International Journal of Technology. Volume 13(7), pp. 1369-1372

Mohammed Ali Berawi Faculty of Engineering, Universitas Indonesia, Kampus UI Depok, Depok 16424, Indonesia
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Innovative Digital Technology and Economy Capacity Development

    Innovative digital technology supported by a human-centered society is required to balance economic advancement and environmental regeneration. Furthermore, digitalization creates new ways for companies to create added value in business. Modernizing business enterprises by combining digital technologies, physical resources, and the creativity of individuals is an essential step in innovative business transformation that may become a competitive advantage. Digital technologies create new ways for companies to integrate customers’ preferences into product development or service delivery across process chains. Technological innovations create new products, processes, and services that generate more added value for companies. The diffusion of innovations reshapes economic systems and increases business capacity development.

The use of digital technologies to meet societies’ needs has been used to optimize existing infrastructure and increase innovative business through collaboration amongst stakeholders. The digital technology is transforming the economic paradigm and mechanisms used to create value and generate benefits, i.e., efficiency, effectiveness, and customization, as well as quality and innovative products. Advances in technology have led to the increased production of environment-friendly projects, products, and services. The well-being of the future depends on the production of technology that can govern the climate, health, social equity and stability. The creativity and innovation of technology development contribute to improving the global environment by producing green, resource-secure, and inclusive economies for all. 
    In this special edition, 23 papers were selected from the 4th International Scientific Conference on Innovations in Digital Economy SPBPU-IDE 2022, which discussed the theory and application of digital economy and technology development. SPBPU IDE-2022 was organized by the Graduate School of Industrial Economics of Peter the Great Saint Petersburg Polytechnic University and the Center for Sustainable Infrastructure Development of Universitas Indonesia. It brought together experts from the academia and industry to enhance digital transformation of economic systems.
This year’s conference themes include best practices in digital modelling and system engineering in complex, technical, and socio-economic systems, economic efficiency, and social consequences of digital innovations implementation, regional innovation systems, and clusters as drivers of economic growth, and industrial, service and agricultural digitalization. Furthermore, the themes cover the response of the educational system and labor market to the digital-driven changes in the economic system, as well as digital transformation trends in the government and financial sectors.