Digital Transformation: Conceptual Foundations and Formation of Scientific Interpretation Approaches

The relevance of the topic is caused by the high rate of development of digital transformation in the world and in certain regions, such as Western Asia, in particular on the Arabian peninsula. To understand the directions, features, problems and prospects of digital transformation, as well as its regional and country differentiation, it is important to comprehend its conceptual essence and dynamic trends taking place in this process. In addition, the process of digital transformation, effectively implemented in practice in various countries, makes it possible to reduce the digital gaps that have already been formed in the world. Modern research on digital transformation examines its various aspects, directions, opportunities and threats. However, they are presented in a fragmented form and do not have a single and generally accepted approach to defining this process. The article analyzes the author's approaches available in the modern scientific economic literature (Russian and foreign), and gives their classification from a scientifically based author's point of view. The systematic approach applied in this article made it possible to analyze the situation in various aspects and, based on the generalization of existing trends, formulate the author's position on the problem under consideration.