Digital transformation its role on the development of new social construct and smart society. Digital transformation of the company – legal framework, case studies, impact on competitiveness (on macro-, micro- and sector-level). The course applies the case study method, and discusses the digital transformation from various perspectives – companies and their sectors. Discussion of success factors and the path to their development. Discussion on the social benefits (positive externalities, cultural and social achievements). Online platforms as strong drivers of innovation and value creation in the digital economy system; the power of digital platforms for industrial development; new business models, a new approach to innovations and new products development.