Concepts of Digital Economy and Industry 4.0 in Intelligent and information systems
The digital economy is advancing at an exponential rate, mostly in developing nations. However, the major definitions and metrics of the digital economy are both divergent and limited. The major purpose of this research is to evaluate what is presently identified to come up with the preferred meanin...
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| Format: | Article |
| Language: | English |
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KeAi Communications Co., Ltd.
2021-01-01
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| Series: | International Journal of Intelligent Networks |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S266660302100018X |
| _version_ | 1818436336784244736 |
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| author | Luyanda Dube Williams |
| author_facet | Luyanda Dube Williams |
| author_sort | Luyanda Dube Williams |
| collection | DOAJ |
| description | The digital economy is advancing at an exponential rate, mostly in developing nations. However, the major definitions and metrics of the digital economy are both divergent and limited. The major purpose of this research is to evaluate what is presently identified to come up with the preferred meaning of digital economy, including size estimations. The research posits that there three major relevance scopes. The foundation is digital economy is the digital segment, Information Technology (IT) segment providing critical digital services and goods, true digital economy, which is known as the segment of economic output determined primarily and solely from digital technology with business frameworks based on digital services and goods. Digital economy integrates the digital sector in addition to Internet of Things (IoT), emergent platform and digital services. The wider scope includes the application of economic segments known in this case as digitalized economy. |
| first_indexed | 2024-12-14T17:07:10Z |
| format | Article |
| id | doaj.art-55290ef23c884b41aefbc3367eef3c33 |
| institution | Directory Open Access Journal |
| issn | 2666-6030 |
| language | English |
| last_indexed | 2024-12-14T17:07:10Z |
| publishDate | 2021-01-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | International Journal of Intelligent Networks |
| spelling | doaj.art-55290ef23c884b41aefbc3367eef3c332022-12-21T22:53:41ZengKeAi Communications Co., Ltd.International Journal of Intelligent Networks2666-60302021-01-012122129Concepts of Digital Economy and Industry 4.0 in Intelligent and information systemsLuyanda Dube Williams0Department of Electrical Engineering, Faculty of Engineering & the Built Environment, University of Cape Town, South AfricaThe digital economy is advancing at an exponential rate, mostly in developing nations. However, the major definitions and metrics of the digital economy are both divergent and limited. The major purpose of this research is to evaluate what is presently identified to come up with the preferred meaning of digital economy, including size estimations. The research posits that there three major relevance scopes. The foundation is digital economy is the digital segment, Information Technology (IT) segment providing critical digital services and goods, true digital economy, which is known as the segment of economic output determined primarily and solely from digital technology with business frameworks based on digital services and goods. Digital economy integrates the digital sector in addition to Internet of Things (IoT), emergent platform and digital services. The wider scope includes the application of economic segments known in this case as digitalized economy.http://www.sciencedirect.com/science/article/pii/S266660302100018XDigital economyInformation technology (IT)Internet of things (IoT)Industry 4.0GDP |
| spellingShingle | Luyanda Dube Williams Concepts of Digital Economy and Industry 4.0 in Intelligent and information systems International Journal of Intelligent Networks Digital economy Information technology (IT) Internet of things (IoT) Industry 4.0 GDP |
| title | Concepts of Digital Economy and Industry 4.0 in Intelligent and information systems |
| title_full | Concepts of Digital Economy and Industry 4.0 in Intelligent and information systems |
| title_fullStr | Concepts of Digital Economy and Industry 4.0 in Intelligent and information systems |
| title_full_unstemmed | Concepts of Digital Economy and Industry 4.0 in Intelligent and information systems |
| title_short | Concepts of Digital Economy and Industry 4.0 in Intelligent and information systems |
| title_sort | concepts of digital economy and industry 4 0 in intelligent and information systems |
| topic | Digital economy Information technology (IT) Internet of things (IoT) Industry 4.0 GDP |
| url | http://www.sciencedirect.com/science/article/pii/S266660302100018X |
| work_keys_str_mv | AT luyandadubewilliams conceptsofdigitaleconomyandindustry40inintelligentandinformationsystems |