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M. FARHAN
Outline
 Digital Economy
 Some Examples of Digital of Economy
 Importance of the Digital Economy
 Advantages of Digital Economy
 The Digital Economy’s Drawbacks
 Impacts of the Digital Economy
around the world
 The future of the Digital Economy
Digital Economy
 Worldwide
Network Of
Economic
Activities.
• Enabled By Information And
Communications Technologies
• Commercial Transactions And
Professional Interactions.
Examples of Digital of
Economy
Netflix
Netflix is a streaming
service that offers its
users a wide range of
TV shows, movies,
and documentaries
over the internet. The
company started out
as a DVD rental
service but soon
switched to streaming
when it realized the
potential of the
Uber
Uber is a ride-hailing
service that allows
its users to book a
ride with the tap of a
button. The
company uses
technology to
connect riders with
drivers. Uber was
founded in 2009 and
is available in 71
Importance of the Digital
Economy
 Created New Business Models, New
Products And Services
 New Ways Of Doing Businesses.
 Created A Global Marketplace For
Businesses And Services.
 Fast Pace: (The Digital Economy Is
Moving At A Fast Growing Due To
Continuous Innovation).
Advantages of Digital
Economy
 Makes It Possible For Companies To
Reach New Markets And Customers.
 The Digital Economy Is Not Limited By
Geographic Borders.
 The Digital Economy Is Available 24/7.
 Greater Transparency - (They Can
Now Use Technology To Share
Information With Their Customers.)
Advantages of Digital
Economy
 Better
Communication -
(social media,
email, and SMS)
 Proximity-(Direct
customer support
channels)
• Faster Transactions- (This is not limited to
businesses, but also extends to
individuals, who can now transfer money
online.)
The Digital Economy’s
Drawbacks
 Digital divide - (This is the difference
between those who have access to
technology and those who do not.)
 Potential environmental impact -
(Increased the amount of E-waste and
its large carbon footprint.)
 Unemployment – (Led to job losses in
some sectors as companies replace
human workers with technology)
The Digital Economy’s
Drawbacks
• Cybercrime
(Use
technology to
commit crimes
like identity
theft, fraud, and
money
laundering)
• Data security
(There is a risk that that data will be
leaked or stolen.)
Impacts of the Digital
Economy around the world
 Leads to innovation-(allows companies
to experiment with new ideas and
technologies to develop, market, and sell
their products and services)
 Make world like global village.(24/7)
 Improves efficiency- (they have access
to better tools and technologies to
achieve better results.)
 Introduced the remotely working systems
 Increase the GDP of Global world
The future of the Digital Economy
 Based On ICT.
 Now, Rapid
spread of ICT
introduced the
development of
new types of
products and
services.
 Today Represents
16% Of The
Global GDP.
 Take More Weight
In The Future As
compare to other
technologies.
References
 https://www.tokoyotimes.com/importan
ce-of-the-digital-economy
 https://www.feedough.com/what-is-
digital-economy-importance-types-
examples
 https://www.techtarget.com/searchcio/
definition/digital-economy
 https://en.wikipedia.org/wiki/Digital_ec
onomy

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digital economy

  • 2. Outline  Digital Economy  Some Examples of Digital of Economy  Importance of the Digital Economy  Advantages of Digital Economy  The Digital Economy’s Drawbacks  Impacts of the Digital Economy around the world  The future of the Digital Economy
  • 3. Digital Economy  Worldwide Network Of Economic Activities. • Enabled By Information And Communications Technologies • Commercial Transactions And Professional Interactions.
  • 4. Examples of Digital of Economy Netflix Netflix is a streaming service that offers its users a wide range of TV shows, movies, and documentaries over the internet. The company started out as a DVD rental service but soon switched to streaming when it realized the potential of the Uber Uber is a ride-hailing service that allows its users to book a ride with the tap of a button. The company uses technology to connect riders with drivers. Uber was founded in 2009 and is available in 71
  • 5. Importance of the Digital Economy  Created New Business Models, New Products And Services  New Ways Of Doing Businesses.  Created A Global Marketplace For Businesses And Services.  Fast Pace: (The Digital Economy Is Moving At A Fast Growing Due To Continuous Innovation).
  • 6.
  • 7. Advantages of Digital Economy  Makes It Possible For Companies To Reach New Markets And Customers.  The Digital Economy Is Not Limited By Geographic Borders.  The Digital Economy Is Available 24/7.  Greater Transparency - (They Can Now Use Technology To Share Information With Their Customers.)
  • 8. Advantages of Digital Economy  Better Communication - (social media, email, and SMS)  Proximity-(Direct customer support channels) • Faster Transactions- (This is not limited to businesses, but also extends to individuals, who can now transfer money online.)
  • 9. The Digital Economy’s Drawbacks  Digital divide - (This is the difference between those who have access to technology and those who do not.)  Potential environmental impact - (Increased the amount of E-waste and its large carbon footprint.)  Unemployment – (Led to job losses in some sectors as companies replace human workers with technology)
  • 10. The Digital Economy’s Drawbacks • Cybercrime (Use technology to commit crimes like identity theft, fraud, and money laundering) • Data security (There is a risk that that data will be leaked or stolen.)
  • 11. Impacts of the Digital Economy around the world  Leads to innovation-(allows companies to experiment with new ideas and technologies to develop, market, and sell their products and services)  Make world like global village.(24/7)  Improves efficiency- (they have access to better tools and technologies to achieve better results.)  Introduced the remotely working systems  Increase the GDP of Global world
  • 12. The future of the Digital Economy  Based On ICT.  Now, Rapid spread of ICT introduced the development of new types of products and services.  Today Represents 16% Of The Global GDP.  Take More Weight In The Future As compare to other technologies.
  • 13. References  https://www.tokoyotimes.com/importan ce-of-the-digital-economy  https://www.feedough.com/what-is- digital-economy-importance-types- examples  https://www.techtarget.com/searchcio/ definition/digital-economy  https://en.wikipedia.org/wiki/Digital_ec onomy