APPLICATION OF INNOVATIVE INFORMATION TECHNOLOGIES IN TRADE OPERATIONS MANAGEMENT

Authors

  • Viktorііa BOKOVETS Vinnytsia National Technical University Author https://orcid.org/0000-0001-6315-4961
  • Vadym NETREBSKYY Vinnytsia National Technical University Author
  • Maksym KANASHCHUK Vinnytsia National Technical University Author
  • Denys MALEVYCH Vinnytsia National Technical University Author

DOI:

https://doi.org/10.31891/2307-5740-2024-328-33

Keywords:

innovations, information technologies, trade operations, competitiveness, data analytics, artificial intelligence, blockchain, IoT

Abstract

Innovative information technologies are becoming increasingly essential to support competitiveness in the modern business world. This article examines the importance of their implementation in managing trade operations and their impact on enterprises.

Some of the key innovative technologies used in this field include advanced data analytics, artificial intelligence, blockchain, and the Internet of Things (IoT). They help optimize management processes, ensure secure transactions, and enhance supply chain efficiency.

Assessing the level of implementation of these technologies in enterprises plays a crucial role in determining their competitiveness. Some companies successfully integrate advanced solutions, while others encounter obstacles such as budget constraints or technological limitations.

Analyzing technology trends helps businesses adapt to market changes and develop strategies according to new opportunities. Understanding and anticipating future technological developments are key to successful adaptation.

Innovative information technologies play a significant role in managing trade operations. Understanding their potential and proper implementation can help enterprises succeed in the modern business environment.

In addition to their role in enhancing operational efficiency and competitiveness, innovative information technologies also offer opportunities for improving customer experiences and expanding market reach. Through personalized marketing strategies, real-time customer engagement, and seamless online transactions, businesses can create more value for their customers and build stronger relationships.

Published

2024-04-25

How to Cite

BOKOVETS, V., NETREBSKYY, V., KANASHCHUK, M., & MALEVYCH, D. (2024). APPLICATION OF INNOVATIVE INFORMATION TECHNOLOGIES IN TRADE OPERATIONS MANAGEMENT. Herald of Khmelnytskyi National University. Economic Sciences, 328(2), 276-281. https://doi.org/10.31891/2307-5740-2024-328-33