THE PARADIGM OF THE INTERNET OF THINGS AS A CONCEPT OF A MODERN ECONOMIC CATEGORY

Introduction. The idea of the Internet of Things, which is rapidly gaining popularity today, requires the determination of the place of this phenomenon in modern economic processes. The main focus is on the technical aspects of this phenomenon. Economic issues receive little attention. The theoretical essence of the Internet of Things can be revealed through the determination of the essence of economic needs and economic interests inherent in this phenomenon. The practical essence lies in the disclosure of the fact that the Internet of Things, as a phenomenon, is nothing more than one of the economic resources involved in ensuring the implementation of economic processes in order to ensure the achievement of economic interests. Purpose. The main task of the article is to reveal the economic essence of the Internet of Things phenomenon. It is necessary to highlight the socio-cultural features, in particular the economic properties of the development of the phenomenon of the Internet of Things as a paradigm of a special economic category. Materials and methods. In the process of preparing the materials of the article, general scientific methods of describing economic phenomena were used in order to move from an abstract description to specific conditions of application of the proposed concepts and ideas. Results. An analysis of the essence of the concept of the Internet of Things as an economic phenomenon was performed. The contents are shown and the constituent elements of the Internet of Things system are characterized. Peculiarities of law-making activity in the direction of development of the concept of the Internet of Things in Ukraine and the world have been studied. Ways of using the concept of the Internet of Things as an economic category have been formed, which is necessary in both theoretical and practical aspects of application. Discussion. The phenomenon of the Internet of Things is a manifestation of the level of development of modern technologies that are inherent in the information society today. The content of the relevant technologies is characterized by a large number of technical aspects. Questions of a sociological nature mostly remain poorly studied and require their own research and development. It is obvious that the Internet of Things paradigm, as a social phenomenon, has, among other things, economic, social, legal and other development features. All of this is important for the harmonious entry of the Internet of Things into the life of modern society, and the phenomenon itself requires thorough scientific study.