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

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].

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, Educational Establishment “Belarusian State University of Informatics and Radioelectronicsâ€, issue 1.

Handle: RePEc:abx:journl:y:2020:id:480
DOI: 10.38086/2522-9613-2020-1-14-22

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