Digitalization assessment features in the carpet industry of Kazakhstan

Abstract

Object: Analysis of the digitalization assessment methods which can be used to evaluate the carpet industry of Kazakhstan. In turn such analysis requires to consider the modern trends in digitalization and global digitalization. Methods: Authors examine the social and economic aspects of the digital transformation of the carpet industry in Kazakhstan, associated primarily with the preparation, development and effective use of innovative human capital as a key factor to improve financial strength of an enterprise. Findings: Carpet industry has unique characteristics compared to other industries, mainly due to the quick changes in trends in the taste of the consumers and fast return of the investments. Digitalization of the carpet industry needs to be complex and cover all aspects in business cycle. Conclusions: Nowadays, digital transformation is becoming a crucial tool for improving the quality and financial return of the carpet production. Current methods of evaluating the digitalization became ineffective, as it covers only technical aspects. Thus, digitalization needs to cover all aspects in the business cycle. In turn, such a complex method, allows to improve financial performance and labor productivity of a carpet producing enterprise.