Information Technology Management of the World’s Largest Firms in the context of Digital Transformation (On the Example of the Largest Automobile Corporation BYD)

Abstract:

Digitalization is changing the requirements for information technology. First, digitalization requires more and more sophisticated technologies. Second, the requirements for information technology are growing in all directions, and the main thing is cost reduction. The timing of entering the international innovation market has become critical for competing companies. Also, the role of security for companies is of paramount importance, since the more reliance on online, the more new vulnerabilities and potential losses. The digital transformation in the international arena has long brought about great changes. The development of information technology is rapidly developing and changing the entire structure of the world economy, markets for goods and services, labor, business processes of companies, as well as the functioning of financial markets.