Digital Economy

Digital Economy Digital Economy 2012 TASHINGA MURERWA R117874BC AFRICA UNIVERSITY 2/9/2012 2012 TASHINGA MURERWA R117874BC AFRICA UNIVERSITY 2/9/2012 A digital economy is a network of economical and social activities that are enabled by learning and parleys technologies such(prenominal) as ,the earnings , mobile and sensor networks. It involves the substitute of electronic favourables and services by electronic short letteres. The digital networking and communication basis creates a platform over which different brass behold interact, devise strategies and search for information. Because of growing population and mental imagery militarisation ,digital economy is to business trading and services tho ,it involves any aspect of life from health to education and from business to banking. The combination of networked comp uting technologies and impertinently business models is creating entirely raw(a)-fangled markets and sunrise(prenominal) businesses work practices today to form a digital economy. It is a convergence of communications, computing and information technology.

The essential elements of a digital economy are: codification of knowledge, transformation of information into commodities and new ways of organising work and production .Digital economy is a budge from the industrial economy towards an economy characterised by intangibles, information, innovation and creativity. It core also be described as a commons vir tual marketplace where consumers and busines! ses can benefit readily from acceptable value products and services and where suppliers can market and distribute their products overmuch efficiently. It represents the pervasive use of information technology hardware, software, applications and telecommunications in building block aspects of the economy including internal operations of organisations that is business, government and non-profit. The technologies underlying the digital economy also go far beyond mesh and personal...If you want to get a full essay, order it on our website: BestEssayCheap.com

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