Ten principles of digital economy

Ten principles of digital economy: discreteness, institutional value theory, duality of scarcity, quantitative rationality, distributed utility analysis, digital mass production, deep game theory, platform model, social alienation and digital construction.

As a broad concept, digital economy can include any economic form that directly or indirectly uses data to guide resources to play a role and promote the development of productive forces. At the technical level, it includes emerging technologies such as big data, cloud computing, Internet of Things, blockchain, artificial intelligence and 5G communication.

As an economic concept, digital economy is an economic form in which human beings guide and realize rapid optimal allocation and regeneration of resources and high-quality economic development through the identification, selection, filtering, storage and use of big data (digital knowledge and information).

Digital economy is not equal to virtual economy, and the popular saying about digital economy is "digital industrialization"+"industrial digitalization". One of the main purposes of developing digital economy is to realize industrial intelligence.

Since human society entered the information age, the rapid development and wide application of digital technology gave birth to the digital economy. Different from the agricultural economy in the farming era and the industrial economy in the industrial era, the digital economy is a new economy, new kinetic energy and new format, which has triggered profound changes in the whole social economy.

At present, digital technology, goods and services are not only infiltrating into traditional industries in multiple directions, levels and chains, that is, industry digitalization; Moreover, it is promoting the continuous development and growth of digital industrial chains and industrial clusters such as the construction and services of Internet data centers, that is, digital industrialization.

The new infrastructures such as 5G network, data center and industrial Internet that China is making great efforts to build are essentially digital economic infrastructures around new technology industries. Digital economy has become a new engine to drive China's economy to achieve sound and rapid growth, and various new formats spawned by digital economy will also become a new important growth point of China's economy.

Elements of digital economy:

1. data: data has become a new key production factor. In the era of digital economy, everything is connected, and all activities and behaviors of all walks of life will be digitized.

2. Information: Information and communication technologies provide impetus for innovation. The digital economy based on information technology is breaking the traditional supply-demand model and existing economic conclusions, giving birth to a more inclusive, pleasant and open-source economic ecology, promoting high-quality development and injecting great innovation power into economic life.

3. Industry: The digital economy promotes industrial integration. Digital economy does not exist independently of traditional industries. It emphasizes integration and win-win, and realizes value-added in the integration with traditional industries.