What are the characteristics of the digital economy?

1. Data becomes a key production factor to drive economic development

The key production factors in both the agricultural and industrial economic eras were constrained by scarcity. But when data becomes a key factor of production, the production of data is never-ending as long as humans are active. In addition, digital technology can be replicated and ****enjoyed, which fundamentally breaks the constraints of scarcity of factors of production and becomes a fundamental guarantee for promoting sustainable economic development. Data is the core asset of future competition for enterprises and countries, and is the "new oil" of the future.

2. Digital infrastructure has become the new infrastructure

In the era of digital economy, data has become an important factor of production to promote economic development, and has changed the form of infrastructure. Therefore, on the one hand, it is necessary to increase investment to promote the popularization and promotion of information infrastructure such as wireless networks, cloud computing, broadband, cloud storage, Internet of Things, etc., and to increase the cultivation of digital literacy among workers; on the other hand, it is the use of digital technology to digitally transform the traditional infrastructure, and to realize the digital transformation through the installation of sensors on the traditional infrastructure.

3. The line between supply and demand is increasingly blurred

From the traditional economic form, the supply side and the demand side are separated from each other. Early industrialization, material scarcity, the satisfaction of demand depends on the supply of products, the famous "Say's Law" supply automatically creates demand, expressed the material is still scarce in the era, the relationship between the supply side and the demand side.

Even when economic development reaches a certain stage and the problem of scarcity has been basically solved, it is impossible to produce the relevant products according to the consumers' demand completely at the level of technology and efficiency, and the relationship between the supply-side and the demand-side separation has not changed. However, in the era of the digital economy, with the maturity of digital technology to promote the supply side and the demand side gradually towards the integration of possible.

4, the Internet has changed the relations of production

Digital economy is a network economy, the Internet is the basic carrier of the digital economy. The infrastructure of the digital economy is the capacity, facilities and equipment for data collection, transmission, processing, analysis, utilization and storage, including the Internet, especially the mobile Internet, the Internet of Things, cloud computing and storage capacity, computers, especially mobile smart terminals, and software platforms that connect them.

5, artificial intelligence greatly improves productivity

Digital economy is a smart economy, artificial intelligence makes data processing capacity exponential growth. Driven by "artificial intelligence + algorithms", it realizes the integration of digital simulation, knowledge models, physical models and data models in various fields of application, and realizes cross-border innovation and intelligent services, as well as a significant increase in social productivity.