Publication Details
Abstract
The digital transformation of Uzbekistan economy is a complex and versatile process that changes the organizational structure of national industry, its effectiveness, and competitiveness by integrating modern information and communication technologies. Within the last ten years, the nation has achieved a lot in terms of modernization of its economic and institutional frameworks through the introduction of digital platforms, big data analytics, and artificial intelligence in the field of governance, finance, healthcare, and manufacturing. The technological adaptation is not the only aspect of the transition and it presupposes a wholesome change of management culture, data-based policymaking, and development of human capital. The development of digital transformation in Uzbekistan will be based on collaboration of the population, business community, and educational institution that will have to constantly advance digital capabilities and business opportunities. Nevertheless, enduring systemic frictions unbalanced access to digital services, inconsistencies in the ICT backbone infrastructure and regulatory barriers slow down the process and raise compliance costs and restrict market entry. There is evidence that a sustainable digital ecosystem can be reached once the policies of modernization are in line with deployed cybersecurity and data protection standards and once the SMEs are actively involved in digital value chains due to provided specific incentives, interoperability concerns and aid of implementation of cloud and platform tools. To speed up the process of moving towards a knowledge-based and globally integrated digital economy, Uzbekistan can enhance institutional reforms with innovation-based growthx.