This document discusses the concept of a digital economy. It defines key components of digital infrastructure like ICT networks, data infrastructure, digital platforms and devices/applications. It notes that digitization can generate economic and social benefits by providing opportunities for inclusive growth. Digitization allows for greater access to information and helps preserve materials while reducing wear and tear. Emerging trends in the digital economy include the internet of things, cloud computing, 5G broadband, automation/robotics, blockchain and 3D printing. Risks include issues around cyber security and disruptions to labor markets.

1. Presented
By
Dr.D.VENKATESH
Y.DEVENDRA REDDY

2. INTRODUCTION
Digitalization can be transformational for
development generating economic and social benefits
for people, businesses and governments. Digitalization
can provide opportunities for inclusive and sustainable
economic growth of the nation, in all sectors of the
economy. It is important for countries to undertake
structured efforts to create and harness the benefits of
digital economy in order to realize greater job creation,
increase country competitiveness, allow for greater
diversification and catalyze innovations in service
delivery to improve the lives of their citizen.

3. CONCEPT OF DIGITAL ECONOMY
 In the late 1990s, analyses were mainly concerned with the
adoption of the Internet and early thinking about its economic
impacts As Internet use expanded, reports from the mid-2000
onward focused increasingly on the conditions under which
the Internet economy might emerge and grow. Digital
economy is frequently made to “digital infrastructure,” a
concept that still lacks a widely accepted definition.
 (i) ICT networks (the core digital infrastructure for
connectivity)
 (ii) Data infrastructure (data s, submarine cables and cloud
infrastructure)
 (iii) Digital platforms
 (iv) Digital devices and applications.

4. Representation of the Digital
Economy

5. NEED FOR DIGITALECONOMY
Digitization also raises the
reputation of the institutions as global users can
know the institutional collection and utilize these
resources from distant locations. The
foremost reasons to digitize are to bolster access
and improve preservation. By digitizing their
collection, institutions can make information
accessible that was previously only available to a
pick group of users. Digitization might also help
preserve materials making high-quality digital
images available electronically and can reduce
wear and tear on brittle and fragile documents.

6. EMERGING TRENDS IN DIGITAL ECONOMY
Internet of
things
Cloud
Computing
5G Mobile
Broadband
Automation and
robotics
Block chain Technologies
Three-dimensional printing

7. Geographical distribution of spending
on internet of things
SPENDING ON INTERNET OF THINGS IN PER CENT IN
2019
1 United Nations
2 China
3 Japan
4 Germany
5 Republic of Korea
6 France
7 United kingdom
8 Rest of the World

8. Mobile Technology mix, by Generation and
Region 2018
0
10
20
30
40
50
60
70
80
Asia Pacific Latin AmericaMiddle East and North AfricaSub-Saharan Africa CIS Europe North America World
Series1
Series2
Series3

9.  The documents can be viewed from anywhere, at any time of the
day.
 The documents can be printed directly from the web
 Users can find what they are looking for promptly and
independently
 It can save staff reference time by answering frequently asked
questions on the web
 It can enhance images electronically so that they can be viewed with
greater legibility
 It increases use of collections and facilitates learning and scholarship
 The documents do not have to be re-shelved or located by staff
 The documents are not handled frequently which lessen wear and
tear

10. RISKS WITH NEW DIGITAL ECONOMY
Cyber security
Disruptions in labor markets

11. CONCLUSION
Digitalization is the social transformation
started by the massive adoption of digital technologies to
generate process, share and manage digital information.
digitalization is an inclusive technique of preservation and
access by which all the institution‘s assets are transformed
into digital and creating high-quality copies in digital
format. It provides advanced opportunities for preservation
and access to knowledge contents, also it changes the ways
in which collections are used and accessed. Emerging
digitalization initiatives and ways in which institutions are
becoming digital are causing various effects on economy,
society and academics as well. These radical and rapid
changes make the information presentation and distribution
more rapid, open, and global access to the information than
has been available in the past.

12. THANKING YOU….
BY
DEPARTMENT OF COMMERCE
BESANT THEOSOPHICAL COLLEGE
MADANAPALLI