The persisting complication of communal relations and arrangements, which are considerably laid on modern digital technologies, rooting exponential development in data streams, brings to the forefront the query of the creation of the economy i.e., digital. The significance of the ongoing procedures made it probable to create the list of knowledge of a new kind of economy, where relations with concerning to the processing, transmission, production, storage, and use of a considerable range of information derive main significance. The information becomes the basis for analysis than can be done economically, which inspects the guides of functioning of updated socio-economic processes. As per the range of experts, at current, it is crucial for an economic agent still not consider any resource, nonetheless it have information on this resources as well as the competency to use it to form some main actions. The significance of personnel administration in the modern business environment is greatly summarized in the given research report. The major aim is to determine the essence of modern or digital technologies for successful administration of every businesses organization throughout the world. More adding to the previous, to examine the innovation and the issues for recruitment procedure occurring in the digital economy are further analyzed in the given research report. Considering this, it includes the development of several methods, models, and approaches of personnel management that can allow businesses to successfully improve their growth in the digital economy. It considers some efficient ways of enabling personnel with higher-performance incentives, thus they are more likely to work hard and can perform with their greatest efficiency in the marketplace.

Keywords: Virtual, ICT, European Cloud, Authoritative Experts.