Evaluation of Development Trends in the Russian Big Data Market

Abstract:

Modern development of the world economy can not be imagined without the introduction and use of information and communication technologies. In today's world, the use of digital technology led to the digitization of entire sectors of the economy. Digital transformation contributed to the emergence of a new term "digital economy", which determines the sectors of economic development, using the latest achievements in the field of information technology. Industry 4.0, Fintech are examples of new directions that have become quite widespread in the modern world. It is linked to the fact that the development of new technologies makes it possible to transform old economic sectors and to form new ones. Among the digital technologies that allowed us to talk about a new stage of development, first of all, it should be mention technologies in the field of cloud computing, the use of artificial intelligence, blockchain technology and big data. The paper considers the technologies of big data processing, and usage share in the third technological platform. In addition, the assessment of the development of the Russian big data market is given, and the development of individual segments in the field of these technologies is identified and analyzed. Financial market analysis in the field of big data for the Russian Federation is conducted.  Besides the main sectors of the Russian economy, employing big data technology are defined. The reasons causing problems of big data technologies introduction in the Russian economy are examined. Based on the study, further development ways of the Russian market in the field of these technologies are put forward.