New Economy

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New Economy

Coined in the late 1990s, it referred to the impact of information technology on the economy. The New Economy stated that traditional measures of value were no longer valid because technology was changing the world so quickly and dramatically.

Also known as the "Digital Economy," it implied that any company not embracing the Internet in a big way was doomed to fail in the future, and its mantra was "gain market share at all cost." After the dot-com failures began in 2000, the term lost much of its luster. See App Economy, New New Economy, iPhone Economy, iEconomy and GNU Economy.
References in periodicals archive ?
European commissioner for Digital Agenda Neelie Kroes said that for every traditional job lost, digital economy creates two and a half new jobs.
Communities minister Baroness Hanham CBE said: "It is essential all businesses can develop and be part of the digital economy allowing them to reap the associated rewards and their growth potential, so I am delighted the European Regional Development Fund is helping businesses in Northumberland.
With the growth in digital Islamic services, such as mobile apps, websites, and e-commerce platforms for Islamic finance and fashion, and halal food and travel, the Middle East's Digital Economy is set double from $15 billion in 2015 to $30 billion in 2018, according to a report by Deloitte .
The report further reaffirms that [the] Islamic digital economy has indeed become an integral part of everyday life, and indicates significant opportunity for growth in terms of business and innovation.
Merewyn said some rural businesses were already utilising the digital economy successfully - but with 4.
Who needs to read this report: -Strategy executives, and directors and managers within mobile operators who are developing and implementing digital economy initiatives, or designing the response to those of their competitors.
The Viewpoint answers the following key questions and provides recommendations for operators and vendors: How is the relationship between consumers and smartphones evolving with respect to the emergence of digital economy services?
EDS, a global services company, provides strategy, implementation, business transformation and operational solutions for clients managing the business and technology complexities of the digital economy.
Wireless networks will be a fundamental piece of the digital economy.
Written by Don Tapscott, co-author of the best-selling Paradigm Shift, The Digital Economy extends the typical focus of our profession on electronic data and documents to another level.
Speakers will include Donald Tapscott, an expert on the transformation of business to a digital economy and author of The Digital Economy and Paradigm Shift; Michael Brown, Microsoft's chief financial officer, who will discuss consulting services and the CPA's role as a strategic business adviser; and AICPA President Barry Melancon.
Tapscott is the author of The Digital Economy and Paradigm Shift, and currently serves as president of New Paradigm Learning Corporation and chair of the Alliance for Converging Technologies Corporation.

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