Digital economy
The digital economy is an economy that is based on digital computing technologies but is often perceived as conducting group through markets based on the internet as well as the World Wide Web. it is for also invited as the Internet Economy, New Economy, or Web Economy. The digital economy is intertwined with the traditional economy, creating a make-up delineation harder. The digital economy results from billions of everyday online connections among people, businesses, devices, data, & processes. it is based on the interconnectedness of people, organizations, together with machines that results from the Internet, mobile technology and the internet of things IoT. Without the Internet, the digital economy that the global economy runs on would not exist in its current form.
The digital economy is backed by the spread of information and communication technologies ICT across any corporation sectors to refresh its productivity. Digital transformation of the economy is altering conventional notions approximately how businesses are structured, how consumers obtain goods and services, and how states need to adapt to new regulatory challenges. The future of work, particularly since the COVID-19 pandemic, is also contributing to the digital economy. More people are now workings online, and with the add of online activity that contributes to the global economy, companies that support the systems of the Internet are more profitable.