digital economy


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digital economy

The digital economy, which began in the 1990s, includes computers, mobile devices, the Internet and the myriad applications they have spawned. Although computers had been around in abundance in the enterprise since the 1970s, and their impact on the economy was meaningful, it was not until the Internet became a commercial venture that the digital economy really took off. The personal computer and later the smartphone enabled the Internet to flourish worldwide. Also called the "information economy" and "Internet economy." See free economy and economies.
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References in periodicals archive ?
Mike Cherry, FSB national chairman, said: "The digital economy is vital to small businesses - presenting a huge opportunity to reach new markets and customers - but these benefits are matched by the risk of opportunities for criminals to attack businesses.
He added: "These reports give us a snapshot into how important the digital economy is to householders and businesses, no matter where they are located.
Global consulting and technology firm, Booz Allen Hamilton, has said that the digital economy needs strategic policies.
Instead of providing broad prosperity, the digital economy enriches a few while disrupting industries and robbing millions of their jobs.
Speaking on the occasion, Pakistan Telecommunication Authority (PTA) Chairman Dr Syed Ismail Shah said, "Purpose of today's event was to create awareness among the society on information technology." He asked the stakeholder, "Let us work together for development of Pakistan on digital economy."
The CHERISH-DE Centre - or Challenging Human Environments and Research Impact for a Sustainable and Healthy Digital Economy - has received a PS3.8m Government funding boost, at full economic costing, through the Engineering and Physical Sciences Research Council (EPSRC), with PS3.8M investment from industrial and research user contributions from partners.
She said that resources seemed to be going to businesses in urban areas - creating a two-tier digital economy and imposing other negative impacts on local communities by reducing rural areas to mere "commuter belt" status.
Economic Analysis of the Digital Economy explores the economic impact of digitization, with each chapter identifying a promising new area of research.
This book examines the state of the digital economy around the world and makes forecasts of economic changes that will take place through its continued growth.
"Digital economy presents us with new opportunities, creates new businesses and new jobs.
Pursuant to the Plan, the OECD issued a public discussion draft on 24 March 2014 on BEPS Action 1: Address the Tax Challenges of the Digital Economy (hereinafter the Discussion Draft or Draft).
BUSINESSES in the region are being encouraged to find out more about the importance of the growing digital economy at a free event taking place at Coventry University next week.

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