How do you know the digital economy?

Digital economy refers to an economic system, and digital technology is widely used, which has brought fundamental changes to the whole economic environment and economic activities. At the same time, the digital economy is also a brand-new social, political and economic system, in which information and business activities are digitized. Generally speaking, digital economy is a new economic form developed with the revolution of information technology. The development of digital economy has brought competitive strategy, organizational structure and culture to management practice. With the application of network technology in practice, the original concept of time and space has been really challenged. Enterprise organizations are trying to find ways to integrate their business with customers, suppliers and partners in data, information systems, workflow and work practices. They all have different standards, agreements, traditions, demands, incentives and workflow. The arrival of the digital economy era was born.

Features of Digital Economy (Basic Features)

In the era of digital economy, the digital economy itself is governed by three laws (Metcalfe's Law, Moore's Law and davidow's Law).

With the advent of the Internet era, the limitations of space and time have been broken, and the world has been closely linked, so the digital economy has become fast and has become a speed economy. At the same time, due to information technology and network technology, it has a very high penetration function, and the digital economy has a high penetration; In addition, the digital economy also has the characteristics of self-expansion, improving editing efficiency, external economy, sustainability and directness.

The rapid development of the network era finally urges the economic organization to tend to a flat structure, reduces the cost of intermediate links in the traditional consumption mode, and directly improves the economic benefits.

The essence of digital economy

What is the essence of digital economy?

The essence of digital economy lies in informatization. Informatization is a social and economic process of the transformation from industrial economy to information economy triggered by the revolution of production tools such as computer and Internet.

Specifically, informatization includes the industrialization of information technology, the informatization of traditional industries, the informatization of infrastructure, the informatization of lifestyle and so on. Information industrialization and industrial informatization, that is, the production and application of information, are two key aspects. The information industry created by the digital revolution is a strategic industry. You can engage in manufacturing activities, service business, or both at the same time, and become a mixture of manufacturing and service industry, which is called "liquid mixture". Information technology and informatization investment are important driving forces of digital economy.

Development trend of digital economy

1. Speed has become a key competitive factor: the update cycle of products and services is getting faster and faster, and rapid response and adjustment require enterprises to build their own "digital nerve" platform.

2. Cross-enterprise cooperation becomes an inevitable choice: the pressure of speed makes enterprises must integrate resources through cooperation and give play to their core advantages.

3. Industry fault, value chain reconstruction and supply chain management: enterprises actively or passively use digital means to reconstruct value chain or recapture customers; Or reorganize and optimize your own supplier team.

4. Mass customization is possible: enterprises can collect and analyze the information and needs of different customers at a very low cost, and customize them separately through flexible production systems.

Digital economy is closely related to life.

In addition to promoting the transformation and upgrading of the real economy, the development of the digital economy has played a huge role in improving people's livelihood and enhancing social well-being. The digital economy is also actively expanding the field of life and forming a new format of convenient service. Water and electricity payment allows users to enjoy fingertip life payment without leaving home; Cooperation in catering, housekeeping, logistics, education, medical care, tourism, hotels, parking, communities and other fields will form smart solutions and develop new O2O service models.

Factors affecting digital economy

With the rapid development of digital economy, what factors will affect the digital economy?

① Software, according to IDC research statistics, service software will grow at a rate of 90% every year;

② Information, which is the greatest wealth of network content providers;

③ The rapid growth of education and digital economy has brought about great changes in educational scientific and technological means;

(4) Consumer rights, reviewing the important factors that affect the digital economy and promote its development;

⑤ Commercialization;

⑥ Digital economic policy.

Advantages of digital economy

For developing countries, the digital revolution is a golden opportunity. In the digital age, developing countries can make full use of the advantages of the digital economy and narrow the digital gap with developed countries. India is a typical case, which makes use of the late-developing advantages of digital economy to make its information technology have strong competitiveness in the world, thus promoting the rapid development of its own economy. The advantage of that digital economy itself include:

1. Incremental advantage of marginal income;

2. The advantage of industrialization;

3. The late-comer advantage of customer resources;

4. The late-developing advantages of knowledge and ability;

5. The advantage of information technology.

Four difficult problems faced by digital economy

Although the digital economy is the general trend, it also faces some obstacles that need to be overcome in the development process.

1. The digital divide is still serious: 4 billion people in the world still have no access to the Internet, and countries generally lack digital skills.

2. Digital security is facing severe challenges: every year, various cyber crimes and attacks cause losses to the global economy as high as 400 billion US dollars.

3. Laws and regulations lag behind the practice of digital economy: the phenomenon of "data flooding" has appeared, but the regulatory policies of digital economy vary greatly among countries.

4. Significant changes have taken place in the employment structure: the development of digital economy will also lead to great changes in the labor market from 2065 to 438 to 2020. Among them, the impact and influence of artificial intelligence technology on employment structure is the most prominent.

Digital economy is not only a new variable to improve China's economic quality and efficiency, but also a new blue ocean for China's economic transformation and growth. In this wave, the development of emerging industries and the transformation of traditional industries will face opportunities and challenges.