Determination of The Effectiveness of Investments in ICT Using a Combination of Functional and Resource Assessment Criteria

Abstract

Analysis of modern literature allows us to assert the following problem: industrial enterprises do not have a universal mechanism for assessing the information and communication potential, which is necessary for the implementation of the forthcoming financing for the development of digital technologies in a given company. The aim of the study is to develop a combined approach for managing the efficiency of investment in information and communication technologies of an enterprise, which contains a set of resource and functional evaluation criteria. Applying the method of factor analysis, using a combination of functional and resource assessment criteria, an effective indicator of information and communication potential was calculated in the study on the example of enterprises in the entrepreneurial sector of the Kaluga region. The authors put forward a hypothesis that the discrepancy between the functional and resource criteria for assessing the investment potential of a territory is due to the type of regional development. In a study based on empirical data obtained as a result of a survey of IT sector employees of 46 enterprises in the entrepreneurial segment of the Kaluga Region (Russia), it was confirmed that the discrepancy between resource assessment criteria and functional criteria, is due to the extensive type of regional development of the Kaluga region, which is characterized by an orientation towards increasing the attracted resources in value-added processes rather than increasing their levels of efficiency.