IDEAS home Printed from https://ideas.repec.org/a/abx/journl/y2020id480.html
   My bibliography  Save this article

The Importance of Government Incentives for Automating Business Processes in Industry in Order to Increase the Efficiency of Innovation

Author

Listed:
  • N. P. Klimova

Abstract

To develop innovative activities, the state offers various options for assistance and support within the framework of the innovation stimulation system. However, many of the proposed support tools remain unclaimed, since it is often difficult for organizations to evaluate and calculate the effect of their use due to the insufficient development of information systems. The level of automation of accounting is insufficient for making quick and informed decisions, which reduces the competitiveness of organizations. The main drawback of the existing systems of automation of accounting and  management in industrial organizations is their fragmentation, inflexibility, and inconsistency with modern requirements for complex information systems. Many organizations keep records in separate workstations, the so-called workstations, many calculations are carried out by means of table editors; the transition to integrated information systems has not yet become widespread. The starting point in the financial mechanism for stimulating innovation should be tools to stimulate the automation of business processes. The limiting factor for the transition to such systems is the high cost of implementation, therefore, the article considers the advantages and disadvantages of applying soft loans in order to stimulate further innovative development in this area, and also suggests expanding the practice of using such a promising tool to stimulate investment in business informatization as innovative vouchers on information technology. The advantages of such an instrument include the strengthening of the link between research, educational institutions and the real sector of the economy, and this tool also has such advantages as high transparency of spending and targeting. The relevance of the chosen research topic is also due to the fact that, according to the Concept of the National Strategy for Sustainable Development of the Republic of Belarus for the period until 2035, digitalization based on high technologies and new business models has been identified as a key element of the new model of the national economy [1].

Suggested Citation

  • N. P. Klimova, 2020. "The Importance of Government Incentives for Automating Business Processes in Industry in Order to Increase the Efficiency of Innovation," Digital Transformation, Establishment "The Main Information and Analytical Center of the Ministry of Education of the Republic of Belarus", issue 1.
  • Handle: RePEc:abx:journl:y:2020:id:480
    DOI: 10.38086/2522-9613-2020-1-14-22
    as

    Download full text from publisher

    File URL: https://dt.bsuir.by/jour/article/viewFile/480/183
    Download Restriction: no

    File URL: https://libkey.io/10.38086/2522-9613-2020-1-14-22?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abx:journl:y:2020:id:480. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.