The St. Petersburg International Economic Forum, which was held on May 26, 2018, featured an annual IT breakfast ‘Digital business transformation. International experience and practice in Russia’. The event, which was organized by RVC, RAEC (Russian Association for Electronic Communications) and Russoft, brought together representatives from development institutions, major Russian and foreign companies that offer different IT products and apply modern technologies in business. The meeting participants discussed international experience, best Russian practices and the role of state support in the implementation of new technologies.
According to the Russian Association of Electronic Communications (RAEC), the IT industry in Russia is developing ahead of schedule, the share of digital economy in the national GDP has already achieved 2.42%. The export of Russian software increased by 15% last year. According to ‘Russoft’, it will demonstrate at least the same growth in 2018. According to experts, digitalization is settling down in the world economy so firmly and rapidly that almost any business should undergo digital transformation to be able to compete and survive.
In his opening speech RVC’s General Director Alexander Povalko noted that current activities in digital transformation are underway in all areas, from educational programs to support of IT developers:
Biometric platforms are one of the leading ‘digital’ directions, which Russia is actively exploring at present. The technology allows you to verify your identity without using passwords and submitting documents and to store personal information. The experts say that a spiraling power of this technology is unstoppable.
According to experts, successful implementation of digital technologies in businesses requires common comprehensible application standards, openness and joint participation of major IT companies in the development of new solutions. The most important conditions to success are to train IT specialists and company personnel to work with new technologies, to develop a digital culture and understand the importance of innovations. Thus, according to a survey conducted by Microsoft Rus, only 17% of Russian respondents find a level of digital culture to be acceptable in their organizations
Given the political situation in the world, experts also noted the importance of introducing technologies that are resistant to sanctions.‘ Vladimir Rubanov, the managing director of Rosplatform, shared his proposal in this regard:
Carlo Rosotto, a leading specialist in information and communication technologies, the World Bank's regional coordinator, stressed that digital transformation is a key to competition. The country needs a policy that can quickly adapt to technological changes, including the digital economy.
RVC JSC is a governmental fund of funds, the Institute of Development of the Russia's venture investment industry. The main objectives of RVC JSC: promote creation of Russia's own venture capital industry and execute functions of the Project Office of the National Technology Initiative (NTI). The authorized capital of RVC JSC is more than 30 billion roubles. One hundred per cent of the RVC capital is owned by the Russian Federation represented by the Federal Agency for Management of State Property of the Russian Federation (Rosimushchestvo). The total number of funds formed by RVC JSC has reached 26, their total size is 35.7 billion roubles. The share of RVC JSC is 22.7 billion rubles. The number of innovative companies approved for investment by RVC funds has reached 223. The total amount of monetary funds approved for investment is 18.2 billion roubles.