Today's world is a dynamic system in which development is determined by the large-scale implementation of information and communication technologies permeating all spheres of economic development. The introduction of digital technologies has led to the formation of a new direction in the economy -the digital economy, the drivers of which is Industry 4.0 and Fintech. Today, the most innovative technologies in the development of the digital economy are big data, cloud computing, artificial

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... gence, cyber-physical systems that determine the main directions of modern development. Digital transformation of economic development not only requires new specialists who are able to develop and introduce innovative technologies, but also dictates the need for new approaches in the educational process itself. The transformation of the education sector through the introduction of new digital technologies, in particular, cloud computing is analyzed in the paper. Cloud computing technologies are widely used in all areas of development, in connection with this, a study of the global cloud computing market is conducted, and its key parameters are analyzed: financial volumes, growth rates, development prospects. Particular attention is paid to areas of using cloud technologies in the educational sphere, priority areas were identified, and their further implementation was assessed. One of the main opportunities for the use of cloud technologies in the educational process is the introduction and use of modern training laboratories of various orientation using cloud computing. The cloud automated banking system BISquit was introduced at the St. Petersburg Polytechnic University of Peter the Great on the basis of the "Computer Technologies in Banking" laboratory. This system allows getting practical knowledge about financial institutions' operation within the walls of an educational institution. The creation and implementation of such type of laboratory in the educational process is discussed in the article.