Throughout the industrial era, one of the most important problems that need to be tackled is the growth of labor productivity, which ensures the growth of production volume and the reduction of costs. At present, the problem of labor productivity growth is not deminishing, especially in Russia. Under heavy burden of sanctions, import dependence in many industries, needs innovative, competitive industrial products in the required volumes. The main methods of researching the problem of labour productivity growth in this paper are comparative, statistical, index. The article discusses the impact of transformations taking place in the material and technical base and labor force, due to the ongoing digital transformation of production and business processes, on one of the important economic indicators – labor productivity. The authors, based on world statistics, reflecting the ratio of GDP growth rates per hour worked by countries, including Russia, and the well-known reasons for the decline in labor productivity in our country, analyze possible ways of its growth. The growth of labor productivity is associated with the choice and implementation of new generation production models, called "Factories of the Future". A brief description of each of these models is given. It is shown that the model of the "Digital Factory" is used in the manufacturing industry of the Russian Federation, gradually introducing its technological tools. The change in digital indicators in recent years and their further possible dynamics, as well as the changes of labor productivity and costs for digital technologies in the manufacturing industry, are demonstrated. The absence of the effect of labor productivity growth in short term was revealed, and the positive impact of digital technologies in long term was substantiated.