MODERN KNOWLEDGE MANAGEMENT CHALLENGES: IMPLEMENTING AND MODELING

Author:

Gurbanov Natig1,Akhmadova Esmira1,Khosrovlu Fikret1

Affiliation:

1. Applied Economics Department, Azerbaijan State University of Economics (UNEC), Istiglaliyyat str. 6, Baku, Azerbaijan

Abstract

At the present stage of development of society, intellectual resources, information and knowledge are facing the challenges of transforming the economy, which is changing under the influence of technologies of the 4th industrial revolution. These challenges throw the existing education system back and require it to adapt to new realities. As a result of the analysis of scientific literature, the authors showed a stable model-scheme of the knowledge base in a changing world. As a result, the model of interconnection between branches of the knowledge industry can be implemented as a basis in the education system and the labor market. Correlation-regression linear dependence of R&D and economic development indicators was built. The implementation of the goals can increase the adaptation of the education system to the changing labor market, provide a basis for the reproduction of knowledge, which will further turn the education sector into one of the leading sectors of the new type of economy. Scientific novelty consists in an attempt to implement education in other sectors of the economy in order to ensure the uninterrupted reproduction of knowledge and its dissemination. Practical application will improve the efficiency of knowledge management. The objectives of the study are to show the relevance of the research topic and the lack of a single solution in this direction today. The digital economy, artificial intelligence and new technologies are changing all spheres of human life. Understanding knowledge management requires new solutions, new methods and behaviors.

Publisher

Vilnius Gediminas Technical University

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