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The digital economy is a portmanteau of digital computing and economy, and is an umbrella term that describes how traditional brick-and-mortar economic activities (production, distribution, trade) are being transformed by the Internet and World Wide Web technologies. [1][2] The digital economy is backed by the spread of information and ...
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 goal for its implementation is to increase value through innovation, [4 ...
Economics of digitization. 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.
And Chinese government has added “Digital Economy” to its Government Work Report (政府工作报告) for four consecutive years from 2017, and proposed in the 14th Five-Year Plan to outline the “Use digital transformation to drive changes in production methods, lifestyles and governance methods as a whole”. Furthermore, Digital ...
The Ministry for the Digital Transformation and Civil Service is a ministerial department of the Government of Spain. It is responsible for proposing, coordinating and executing the government policy on telecommunications, the information society, digital transformation and the development and promotion of artificial intelligence. [1] It is ...
In addition to this typical approach, the built-in control, efficiency and low cost of digital marketing channels is an essential features in the application of sharing economy. [105] Digital marketing channels within the sharing economy are typically divided into three domains including, e-mail, social media, and search engine marketing or SEM ...
In Estonia, the digital transformation dubbed as the 4th Industrial Revolution by Klaus Schwab and the World Economic Forum in 2015 started with the restoration of independence in 1991. Although a latecomer to the information revolution due to 50 years of Soviet occupation , Estonia leapfrogged to the digital era, while skipping the analogue ...
The concept of Digital Business Ecosystem was put forward in 2002 by a group of European researchers and practitioners, including Francesco Nachira, Paolo Dini and Andrea Nicolai, who applied the general notion of digital ecosystems to model the process of adoption and development of ICT-based products and services in competitive, highly fragmented markets like the European one [8] [9].