USE OF ECONOMIC ANALYTICS METHODS TO ENSURE THE ECONOMIC SECURITY OF SOCIO-ECONOMIC SYSTEMS

• Published in: Eastern Europe: economy, business and management no. 2(39)
• Main Author: Kononova, Iryna
• Format: Journal Article
• Language: English
• Published: 2023
• ISSN: 2518-1971; 2518-1971
• DOI: 10.32782/easterneurope.39-16

The article carried out research on the definition of approaches to the category of "economic security" of socio-economic systems, and proposed a proper definition of the concept of "economic security". The role and significance of economic analytics in the system of ensuring economic security of socio-economic systems is determined, the methods and methods of economic analytics used to ensure economic security are investigated. Analytics is a field of human activity that is carried out with the aim of conducting an analysis of the state of the object and the state of its development, which will allow making appropriate decisions regarding this object. Many academics consider analytics today as the art of analysis. Modern socio-economic transformations that are taking place in the economy, in the country as a whole, which are caused by the scientific and technical revolution, as well as the increase in the importance of information and information resources in economic processes. It was these conditions of informatization of society that caused the formation of the knowledge economy and the emergence of a new paradigm of economic analytics. Economic analytics is one of the most promising areas of modern economic science, which is based on the methods of economic analysis through the use of information resources, computer methods, etc. The development of economic analytics as a science is conditioned by the development of economic theory and the formation of economic hypotheses, theories and concepts on this basis. In the process of evolution of these theories and concepts, the methodological toolkit of modern economic analytics was formed. The formation of analytical support for economic security is connected with the development of related fields of knowledge, such as mathematics, statistics, accounting and others. The study of the main methods of economic analysis to ensure the economic security of socio-economic systems allows us to come to the conclusion that each of the methods we have considered has certain limitations in use, and therefore does not provide an opportunity to fully determine the existing state of economic security. Quantitative and qualitative methods of determining the level of economic security have become the most widespread. Qualitative analysis of the state of economic security of the socio-economic system precedes quantitative analysis, consists in determining all negative factors and risks of the external and internal environment, forecasting the negative consequences that they may cause, as well as developing measures to neutralize and minimize these risks. Quantitative analysis is also necessary for a full characterization of the state of economic security, so a comprehensive approach must be used for a full analysis of the state of economic security