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The economics of digitization is the field of economics that studies how digitization, digitalisation and digital transformation affects markets and how digital data can be used to study economics. Digitization is the process by which technology lowers the costs of storing, sharing, and analyzing data.
By 1976, the cost of the cheapest four-function pocket calculator had dropped to a few dollars, about 1/20 of the cost five years before. The results of this were that the pocket calculator was affordable, and that it was now difficult for the manufacturers to make a profit from calculators, leading to many firms dropping out of the business or ...
The term digitization is often used when diverse forms of information, such as an object, text, sound, image, or voice, are converted into a single binary code.The core of the process is the compromise between the capturing device and the player device so that the rendered result represents the original source with the most possible fidelity, and the advantage of digitization is the speed and ...
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Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract.
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Digital transformation (DT) is the process of adoption and implementation of digital technology [1] [2] [3] by an organization in order to create new or modify existing products, services and operations by the means of translating business processes into a digital format.
The calculator uses your income and family size to estimate your total sales tax deduction. If you made a large purchase, like a home or a vehicle, you can add that information into the calculator ...