The digital economy: Challenges and opportunities in the new era of technology and electronic communications

The digital economy has emerged as an innovative economy that utilizes digital technologies and electronic communication to conduct economic and business activities across a wide range of sectors, including e-commerce, digital marketing, digital financial services, software development, computer gam...

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Bibliographic Details
Main Authors: Lei Xia, S. Baghaie, S. Mohammad Sajadi
Format: Article
Language:English
Published: Elsevier 2024-02-01
Series:Ain Shams Engineering Journal
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2090447923003003
Description
Summary:The digital economy has emerged as an innovative economy that utilizes digital technologies and electronic communication to conduct economic and business activities across a wide range of sectors, including e-commerce, digital marketing, digital financial services, software development, computer games, and cloud services. The use of digital technologies and electronic communication has resulted in a significant shift towards online business interactions, leading to improved user experiences, faster processing, and easier access to services and products. The digital economy is recognized as a primary driver of economic growth and development in many advanced countries and is continually expanding due to its significant impact on economic and business activities. In this research, we aim to examine the digital economy and its impact on businesses and users, evaluating the opportunity for easy and quick access to products and services that lead to increased efficiency and productivity. The digital economy has significant impacts on various economic, social, and cultural fields, including changes in the way people work and interact with each other, promoting more flexible and remote work arrangements, and increasing global connectivity. Additionally, the digital economy has impacted education, healthcare, entertainment, and other sectors. Advances in technology and electronic communication have driven the global economy towards digitization, and the role of the digital economy in advancing global digitalization is critical. Its impact is expected to continue to increase in the coming years.
ISSN:2090-4479