The Challenges and Threats of Digitalization

The purpose of the research. Аn attempt to identify challenges and generalize the threats posed by the massive and widespread digitalization of all spheres of life in modern society is made in this article. The active digital transformation of all spheres of human activity has posed such questions to society that have no answers, many of which humanity is facing for the first time. The purpose of the study is to systematize the threats of the digital transformation of economic relations. This is necessary to determine the main directions of digital transformation, which should be left under state control to ensure economic security at all levels of economic relations and preserve the digital sovereignty of business entities. Results. The author comes to the conclusion that the uncontrolled digitalization of public life and economic relations leads to negative consequences. The lack of a regulatory framework that regulates the activities of digital companies leads to the monopolization of markets by such companies. The consequence of the digital divide is the high cost of digital technologies and the lack of access to the Internet (for economic and technological reasons). Threats of structural unemployment, a decline in the income of the population, the need for mass retraining of significant groups of specialists in terms of their volume can lead to negative social consequences.