Alchemy of innovations as a way to achieve economic development of Ukraine

• DOI: 10.62911/ete.2023.01.01.04
• Publication Date: 2024-04-17T12:19:27Z
• Authors: Kateryna Holikova; Viktoriia Radko; Svitlana Matsyura

The alchemy of innovation refers to the process transforming or elements, ideas processes into something new, valuable and useful in order achieve progress development various fields such as economics, science, technology business. term can cover a wide range activities, including introduction innovations, new products, strategies, improvement existing systems more effective results. Given rapid digital technologies transformation business processes, becomes relevant context search for strategies approaches stimulate economy business, any country. Of course, Ukraine is no exception. article aimed at analyzing modern directions innovations on basis study key trends basic platforms implementation field technologies, which will allow identify describe most tools, taking account domestic specifics difficulties conditions uncertainty. showed that Ukraine's position ranking competitiveness terms main components 2021 increasing categories "Knowledge," "Technology" "Future readiness" due sub-factors an increase total state spending education, number women researchers, increased investment telecommunications use big data analytics. Some are not because their complexity cost full-scale war. sector has potential ensure stability growth necessary financial revenues, especially post-war reconstruction. Digital solutions interest only from point view, but also strategic, they improve efficiency industries integrated, government military sectors. existence trends, we consider it promising further expand, practice using its economic development.