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
The development of the current digital system which is indeed increasingly sophisticated has helped many people in various ways, one of which is in work, business, or others. Large companies currently work cooperatively with their place of operation and also by relying on this digital to expand their marketing, of course this is one of the positive sides of the growing digital development, also with other people or consumers it becomes easy in terms of wanting to buy products, because they do not need to step foot to buy it just by using their gadgets they can access it to see the quality of the product then pay by transfer and wait for the product they bought to arrive.
For people who do think about business or the future, utilizing this digital development has become a spice for the smooth running of their business, but not everyone is an expert in this, so there are also some people who work together in developing their companies by utilizing the current developments which are increasingly sophisticated.