The purpose of the research is to analyze the development of human capital in the context of digitalization of society and the economy. New realities of the digital transformation of society require new steps in the field of human capital management.

The methodology of the research - consists of assessing the current state of the labor market and ICT indicators based on statistical data of Azerbaijan.

The practical importance of the research – this paper can become a theoretical basis for research in the field of human capital development, the results obtained can be used in the process of human resource management.

The results of the research - a number of proposals for the development of human capital in enterprises have been put forward.

The originality and scientific novelty of the research - consists in the fact that a comprehensive assessment of the development of human capital has been carried out, a positive correlation has been revealed between the development of HC and the formation of a knowledge economy.

Keywords: human resources, human capital, digitalization of society, digital economy, artificial intelligence.