The document discusses the rise of the digital economy and how it has impacted society. It notes that over 5 billion people now have internet access globally, representing more than 63% of the world's population. This widespread internet connectivity has led to the growth of the digital economy, which involves economic activity through networked technologies. The digital economy encompasses e-commerce, e-business, telecommunications and the delivery of virtual goods over the internet. It has become a major segment of the global economy due to the vast number of people now connected online.