Recent trends in the transformation of the knowledge economy have showcased several significant developments. Technology and innovation have emerged as key drivers, playing a critical role in enhancing processes and improving performance. The reliance on advanced technology and the constant pursuit of innovative solutions have become inherent to this type of economy. Collaboration and partnerships have gained prominence in promoting the transformation of the knowledge economy. The exchange of knowledge and expertise among different sectors, companies, and academia has fostered a collaborative environment, leading to increased innovation and development. Sustainability has become a pivotal success factor in the transformation of the knowledge economy. Countries and institutions have shifted their focus towards achieving sustainable development, emphasizing the importance of environmental and societal considerations within the framework of this economy.          Digitization and information technology have become integral to the transformation of the knowledge economy. The effective utilization of digital technologies and the conversion of data into valuable information have facilitated process improvement and enabled smart decision-making. A notable trend in the knowledge economy is the emergence of a common economy. This model encourages the sharing of knowledge and resources, fostering collaboration for sustainable growth and development. Overall, recent trends highlight the integration of technology, innovation, and sustainability in the transformation of the knowledge economy. The promotion of teamwork and collaboration among various stakeholders further reinforces this transformative process, which presents numerous opportunities for advancement and progress.