Impact of digitalization on improvement of economy, IT and Internet of business

The purpose of this research is to consider the concept and value of digital economy. The attention was concentrated on results of digital economy which are a part of the continuing digitalization process, but not on theoretical aspects. Results assume that the development of digital economy is necessary for strengthening economic relations between subjects for simplification and acceleration of work of people, doing processes simple and transparent; moreover, digitalization will increase the need for skilled work. The article reveals a certain aspect of an innovation in development of Internet technology, Internet of business and their extensive introduction into economy, medicine, education, and public administration, which would make them competitive in modern economic conditions.