In scientific and technical progress development conditions, human capital acts as the basis for forming economic systems and ensuring their competitiveness at the macroeconomic and microeconomic levels. The article analyzes the factors influencing the processes of human capital formation, defined as a project of the World Bank. Trends in the development of society are analyzed, in particular, the formation of innovative approaches to developing economic systems - the introduction of digital technologies and the transformational transition to a qualitatively new economic level - the digital economy. The research determines the factors influencing the formation and development of human capital. By accumulating the study of literary sources, a set of influencing factors on the formation and development of human capital was formed. Hypotheses have been put forward regarding the interrelationships of factors influencing human capital factors influencing digital technologies. The hypothesis was confirmed by a sociological survey with control charts and correlation-regression analysis of their results. Mathematical confirmation of the hypothesis made it possible to develop proposals for implementing the function of the dependence of influencing factors on the formation and development of human capital with the definition of digital technologies. Based on the conducted research, a model of the interconnected effects of digital technologies and human capital development was developed. The proposed model can be used to develop human capital to ensure the competitiveness of economic systems and ensure the sustainable development of society.

Highlights

• Trends in the development of society are analyzed, in particular, the formation of innovative approaches to the development of economic systems - the introduction of digital technologies and the transformational transition to a qualitatively new economic level - the digital economy. The research determines the factors influencing the formation and development of human capital.