As a result of the influence and application of the modern development stage of scientific and technical progress, internet-virtual connections, integration and multicultural values are developing globally in the global society (GS) environment. On the other hand GS is built on a foundation based on civilization of technological development, and connections with Internet-network systems become the leading force of society, creating a productive global information space. In order to keep up with the world development perspective at the global level, it is necessary to study the working principle of the ICT system, to deeply master the Internet-network relations, which play a key role in society. The replacement of physical labor with intellectual labor under the influence of ICT tools, the transformation of knowledge into capital, the promotion of the results of intellectual activity in leading economic fields, the interest in innovation and creativity, the irreplaceability of relations on the virtual space, the increasing role of the digital economy in society, leads qrowinq to interest in information processing technologies. Systematic measures are being implemented in the countries of the world in connection with the application of ICT systems in order to transform the economic potential into human capital.

Having bast transmission means, Playinq an important role in the development of the processes of democratization of society, manes electronic technology a worldwide leading force. In this regard, the article gives pays great attention to the positive impact of ICT application on the dynamic growth of economic development, the leading role in the centralization of management processes, and the importance of using “smart” projects, which need to be applied to improve human well-being. Also, the attention paid to the development of the non-oil sector by the country’s president was mentioned, information related to these oriented decisions and projects was given, and the advantage of “Smart projects”, the special focus of its application, and the successful implementation of these projects in the territories of Nagorno-Karabakh freed from occupation are mentioned.

Methodology – the article uses the method of statistical analysis and comparative analysis to clarify the role of ICT in economic development.

Purpose – the importance of the role of ICT in economic development, the attention given to the development of innovative technologies, digital marketing in our country in accordance with the world level of development, the importance attached by the president of the country to the implementation of “Smart projects”, which have a special role in economic development, and determines the advantage of its application in the territories liberated from occupation

The result of the study – the role of the ICT sector in modern society, its direct impact on the development of the digital economy, the advantage of installing “Smart projects” was clarified.

Key words: ICT, economic development, digital economy, “Smart project”, internet