Introduction. The article is devoted to the disclosure of the essence of the industry’s digital transformation, which, according to the authors, is the key to building an economy of knowledge and obtaining measurable economic results by introducing cross-cutting technologies. Theoretical analysis. The fundamental factors influencing the increase of Russia’s global competitiveness in the context of its technological breakthrough are highlighted. The main modern trends are the huge amount of information that companies have to deal with, the rapid change of business models, the emergence of innovative management tools. The problems of industrial economic systems’ digitalization are analyzed, for the solution of which the adaptation of companies to new realities is required. It is digital transformation that can take the company to a new level of development and business efficiency. The article substantiates that the digital transformation of production and the legacy industries connected with it is a priority for all industrialized countries that have created their competitive advan It is proved that the digital transformation of production should be aimed at improving the efficiency, productivity and competitiveness of domestic industry in the world arena. Currently, this sector of the economy is undergoing major changes caused by the introduction of intelligent systems that promote the convergence of the physical and digital worlds. These extensive technological changes should be accompanied by the development of fundamentally new business processes at all levels of management.