MACROECONOMIC GROWTH PROSPECTS IN UZBEKISTAN'S SERVICE SECTOR IN LATER YEARS

Abstract

In fact, in many developed countries, it has a significant impact on the development factors of the service sector. In recent years, the importance of advanced technologies and innovations in the development of the economy is increasing. The latest technologies can improve the efficiency of production and business processes. As new technologies penetrate all new areas of human activity, traditional approaches and ways of working have changed. The impact of high technologies was felt both globally and locally. New technologies have a transformative effect on some aspects of the activities of well-established business entities, which mainly consists of replacing working mechanisms - communication tools or industrial machines with digital mechanisms, as well as their further modernization. The growth of the services sector is related to the growth of a number of markets directly related to digital and mobile technologies. At the current stage of technology development and the current state of the markets, the digital economy should be considered not as a goal, but as a means of increasing the efficiency of economic activity. The modern digital economy offers new business models and emphasizes the need to change governance mechanisms to reflect the changing reality. Unfortunately, there are two big problems in this field in the republic: telecommunication infrastructure and lack of specialists. This can seriously hinder the digital revolution of our republic's economy and, as a result, slow down the digital economy. Many opportunities are created for ordinary people after the application of information technologies in our daily life. Nowadays, we can order many food products and meals without leaving home and have them delivered to our home can give But it should be noted that the service sector in Uzbekistan is developing several times slower than the potential of Uzbekistan. That is, there is an opportunity, the necessary resources are available, but the development is a little slow. As a reason for this, a number of obstacles to the development of the digital economy in Uzbekistan can be pointed out.