DOI: https://doi.org/10.32515/2663-1636.2024.11(44).137-145

Features of IT Product and Service Management in Business Entities in the Context of Knowledge Economy Development: Contemporary Challenges and Opportunities

Olha Horpynchenko, Dmytro Androshchuk

About the Authors

Olha Horpynchenko, Associate Professor, PhD in Economics (Candidate of Economic Sciences), Associate Professor of the Department of Economics, Management and Commercial Activity, Central Ukrainian National Technical University, Kropyvnytskyi, Ukraine, ORCID: https://orcid.org/0000-0002-1271-4145, e-mail: horpynchenkoov@kntu.kr.ua

Dmytro Androshchuk, Associate Professor, PhD in Economics (Candidate of Economic Sciences), Associate Professor of the Department of Economics, Management and Commercial Activity, Central Ukrainian National Technical University, Kropyvnytskyi, Ukraine, ORCID: https://orcid.org/0000-0002-2232-8061, e-mail: androshchukio@kntu.kr.ua

Abstract

The article identifies the peculiarities of economic development in the context of innovative changes and constant challenges associated with globalization processes, financial and economic crises, pandemics, and in the context of the escalating military conflict in Ukraine and globally. Different approaches of scientists to the interpretation of the concept of IT product and service management in the context of innovative economic development and the formation of industry 4.0 and the transition to industry 5.0, under the influence of digitalization, are identified. Based on the analysis, a scheme is proposed that includes information technology trends in the management of IT products and services. The author identifies the peculiarities of knowledge formation among specialists in the field of IT product and service management and identifies three areas: acquisition, transfer, use and generation of knowledge. The author also analyses the development of the IT industry. In particular, it is determined that there are much more specialists with higher specialized education, and therefore the adaptability and ability of such specialists to respond quickly to changes and retrain is much higher. The transformation of approaches to the professional development of IT workers in the context of globalization processes is considered. The article highlights the main challenges faced by IT professionals in the field of managing IT products and services, in particular, rapid technological development, cybersecurity, global competition, big data management, changes in the legislative and regulatory framework, and integration of new and traditional systems. Measures to overcome these challenges and transform them into potential opportunities for such enterprises are proposed, in particular, investing in staff training and updating the technical park to meet modern requirements, creating unique IT products and services to meet consumer needs, introducing new systems for managing large amounts of data, as well as taking into account ethical issues of privacy, social impact, and avoiding impartiality when using modern technologies.

Keywords

globalization, digitalization, innovation, IT products, IT services, innovative development, artificial intelligence

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Copyright (c) 2024 Olha Horpynchenko, Dmytro Androshchuk