Prospects for using Internet of things technology for automatingstatistical data collection

Today, despite the high administrative costs both to businesses and to the state, statistical data is collected and published with a considerable time lag. This limits the possibilities of using the statistical data in the decision-making process by corporations and hinders the use of statistical data for developing and monitoring the implementation of public policy. The existing digital technologies allow for significant optimization of the current practices for statistical data collection and processing. Based on the existing limits, the article proposes a set of regulatory measures promoting the application of digital technologies for collecting and processing of statistical and other types of data that is submitted by enterprises and entrepreneurs to the state bodies. The transition from submitting forms (as a part of statistical, accounting, tax reporting, etc.) to implementing automatic real time data exchange between the enterprises and state bodies based on Internet of Things technology is justified. Implementation of the proposed measures would help to decrease the existing administrative costs in the economy and improve the quality and timeliness of the data used for decision-making.