Digital Economy entails the economic process that involves connecting peoples, business, information, data etc it involves the online transfer of information and transaction across multiple channels for the purpose of business growth and getting a wider market Base.
Some aspect of digital Economy includes
_E commerce
_ Social Networking
_ Digital Entanglement
_ AI Automation etc
In this present world economy there's need for companies to go digital with their business as their are allot of benefits attached to it, some importance's of Digital Economy includes
Reduced cost
A wider market Base
Increased productivity
Creates new Revenue streams
Access to more data
Improved customer experience
Digitalization is one major way of spreading your business, especially in this social media age, the global community has been brought together through digitalization, products can be ordered by consumers from any part of the world and you will receive them from your footsteps, no matter how far reaching you are. So far a country to move from analog to digitalization, it helps to track down data collection and revenue mobilization, hence a country can have an accurate database, accurate budgeting for infrastructure becomes easier. So far, the world has come to appreciate the Digital society and that's the way to go.