Russian Aviation Industry as a Driver of Innovative Economic Development

In the current context, innovation development is particularly relevant. Russia is an outsider in the global market of high-technology products, but the government is taking active steps to develop an innovative economy. The article provides a brief description of the theory of innovation and assesses the position of Russia among other countries at the current stage of innovative development. The paper emphasizes the importance of the government in building a national system of innovation and the need for the companies in this business field to be proactive. The importance for the Russian economy to find its own way of innovation development is emphasized. Aircraft industry which creates sophisticated, science-intensive products is reviewed as an example of the most promising in this aspect of the industry. The authors substantiate the choice of the Internet of Things technology as a base for the development of innovations in the industry, considering it to be a key phenomenon in the context of the Fourth Industrial Revolution and propose a universal algorithm for the use of this technology at the company level. The article provides examples of the introduction of the Internet of Things in the global aviation industry and the ways of applying them in Russia.