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<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ali="http://www.niso.org/schemas/ali/1.0/" article-type="research-article" dtd-version="1.2" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">RUDN Journal of Economics</journal-id><journal-title-group><journal-title xml:lang="en">RUDN Journal of Economics</journal-title><trans-title-group xml:lang="ru"><trans-title>Вестник Российского университета дружбы народов. Серия: Экономика</trans-title></trans-title-group></journal-title-group><issn publication-format="print">2313-2329</issn><issn publication-format="electronic">2408-8986</issn><publisher><publisher-name xml:lang="en">Peoples’ Friendship University of Russia named after Patrice Lumumba (RUDN University)</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="publisher-id">39874</article-id><article-id pub-id-type="doi">10.22363/2313-2329-2024-32-2-235-250</article-id><article-id pub-id-type="edn">HUVIPJ</article-id><article-categories><subj-group subj-group-type="toc-heading" xml:lang="en"><subject>INNOVATIONS IN THE MODERN ECONOMY</subject></subj-group><subj-group subj-group-type="toc-heading" xml:lang="ru"><subject>ИННОВАЦИИ В СОВРЕМЕННОЙ ЭКОНОМИКЕ</subject></subj-group><subj-group subj-group-type="article-type"><subject>Research Article</subject></subj-group></article-categories><title-group><article-title xml:lang="en">The Digital Transformation: Unlocking New Dimensions in Manufacturing Efficiency</article-title><trans-title-group xml:lang="ru"><trans-title>Цифровая трансформация: открытие нового измерения в эффективности производства</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><name-alternatives><name xml:lang="en"><surname>Baiming</surname><given-names>Jin</given-names></name><name xml:lang="ru"><surname>Баймин</surname><given-names>Цзинь</given-names></name></name-alternatives><bio xml:lang="en">postgraduate student, Department of National Economy</bio><bio xml:lang="ru">аспирант кафедры национальной экономики, экономический факультет</bio><email>1042238023@pfur.ru</email><xref ref-type="aff" rid="aff1"/></contrib><contrib contrib-type="author"><name-alternatives><name xml:lang="en"><surname>Voskerichyan</surname><given-names>Robert O.</given-names></name><name xml:lang="ru"><surname>Воскеричян</surname><given-names>Роберт Оганесович</given-names></name></name-alternatives><bio xml:lang="en">Associate Professor, Faculty of Economics, Department of National Economy</bio><bio xml:lang="ru">доцент кафедры национальной экономики, экономический факультет</bio><email>voskerichyan-ro@rudn.ru</email><xref ref-type="aff" rid="aff1"/></contrib></contrib-group><aff-alternatives id="aff1"><aff><institution xml:lang="en">RUDN University</institution></aff><aff><institution xml:lang="ru">Российский университет дружбы народов</institution></aff></aff-alternatives><pub-date date-type="pub" iso-8601-date="2024-06-30" publication-format="electronic"><day>30</day><month>06</month><year>2024</year></pub-date><volume>32</volume><issue>2</issue><issue-title xml:lang="en">INNOVATION AND INVESTMENT:  OPPORTUNITIES AND PROSPECTS</issue-title><issue-title xml:lang="ru">ИННОВАЦИИ И ИНВЕСТИЦИИ:  ВОЗМОЖНОСТИ И ПЕРСПЕКТИВЫ</issue-title><fpage>235</fpage><lpage>250</lpage><history><date date-type="received" iso-8601-date="2024-07-07"><day>07</day><month>07</month><year>2024</year></date></history><permissions><copyright-statement xml:lang="en">Copyright ©; 2024, Baiming J., Voskerichyan R.O.</copyright-statement><copyright-statement xml:lang="ru">Copyright ©; 2024, Баймин Ц., Воскеричян Р.О.</copyright-statement><copyright-year>2024</copyright-year><copyright-holder xml:lang="en">Baiming J., Voskerichyan R.O.</copyright-holder><copyright-holder xml:lang="ru">Баймин Ц., Воскеричян Р.О.</copyright-holder><ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/><license><ali:license_ref xmlns:ali="http://www.niso.org/schemas/ali/1.0/">https://creativecommons.org/licenses/by-nc/4.0</ali:license_ref></license></permissions><self-uri xlink:href="https://journals.rudn.ru/economics/article/view/39874">https://journals.rudn.ru/economics/article/view/39874</self-uri><abstract xml:lang="en"><p style="text-align: justify;">The manufacturing sector stands on the cusp of the digital revolution that holds the promise of fundamentally reshaping its operational landscape. This paper delves into the transformative journey of digital integration within the manufacturing realm. Employing a scoping review methodology, this study amalgamates insights from prior literature and case study analyses to shed light on the digital transformation process and its consequent outcomes. The discourse initiates by scrutinizing the prevailing state of digital transformation in the manufacturing sector, with a particular focus on the embracement of Internet of Things (IoT), Artificial Intelligence (AI), Digital Twin (DT) and Robotics technologies that are at the forefront of driving efficiency and spurring innovation. The article then cites China’s experience in the digital transformation of manufacturing and outlines the challenges that manufacturers may encounter, including cultural inertia and skills deficiencies, and spells out strategic interventions to overcome these obstacles. Moreover, the discussion ventures into prospective trajectories and innovations in manufacturing digitalization, forecasting the ramifications of emergent technologies such as advanced robotics, 5G connectivity, sustainable manufacturing practices, and customization trends. The significance of this research’s contribution to the scholarly domain is underscored, culminating in an exhortation directed towards industry stewards and policy framers to champion and facilitate digital transformation, accentuating its strategic imperative and the competitive leverage it bestows. This article delineates a strategic framework for navigating the intricacies of digital transformation within the manufacturing sector, offering invaluable perspectives for academicians, industry practitioners, and policy architects endeavoring to unravel new paradigms of efficiency and competitive edge in the digital epoch.</p></abstract><trans-abstract xml:lang="ru"><p style="text-align: justify;">Производственный сектор находится на пороге цифровой революции, которая обещает коренным образом изменить его операционный ландшафт. Исследование посвящено цифровой интеграции в сфере производства и освещает процесс цифровой трансформации и его последствия. Дискуссия начинается с анализа текущего состояния цифровой трансформации в производственном секторе, с особым акцентом на технологиях Интернета вещей (IoT), искусственного интеллекта (AI), цифрового двойника (DT) и робототехники, которые находятся на переднем крае повышения эффективности и стимулирования инноваций. Значительное внимание уделено опыту Китая в цифровой трансформации производства и вызовам, с которыми могут столкнуться производители, включая культурную инертность и недостаток навыков. Описаны пути преодоления этих препятствий. Рассматриваются варианты выхода на перспективные траектории и инновации в цифровизации производства, прогнозируются последствия появления таких технологий, как передовая робототехника, связь 5G, устойчивые производственные практики и тенденции кастомизации. Акцентируется стратегическая важность цифровой трансформации производства и конкурентные преимущества, которые она предоставляет. В исследовании очерчены стратегические рамки проблематики цифровой трансформации в производственном секторе, оно представляет интерес как для работников науки и образования, так и для практиков, задействованных в сфере цифровизации.</p></trans-abstract><kwd-group xml:lang="en"><kwd>competitive strategy</kwd><kwd>digital transformation</kwd><kwd>innovation challenges</kwd><kwd>manufacturing industry</kwd></kwd-group><kwd-group xml:lang="ru"><kwd>конкурентная стратегия</kwd><kwd>цифровая трансформация</kwd><kwd>вызовы инноваций</kwd><kwd>производственная индустрия</kwd></kwd-group><funding-group/></article-meta></front><body></body><back><ref-list><ref id="B1"><label>1.</label><mixed-citation>Ahmed, E., Yaqoob, I., Hashem, I.A. T., Khan, I., Ahmed, A.I. A., Imran, M., &amp; Vasilakos, A.V. (2017). The role of big data analytics in Internet of Things. 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