What is the digital economy? What can the digital economy bring to the table?

Meaning: when data becomes a key factor in production, the economy of this era is known as the digital economy. The most important feature of the digital economy compared to the traditional economy is the introduction of digital technology. There have been discussions on network economy, virtual economy and network economy before this. in 1996, the American scholar Tapscott formally put forward the concept of digital economy. Later, the European Union and the United Nations adopted this name, which is the origin of the name digital economy. The digital economy has had a great impact on the development of the whole society. First, the popularization and application of computer network technology. We don't need to visit or deliver letters as before. It is only necessary to tap the keyboard with fingertips and communicate via video over the Internet.

I. Definition of digital economy.

While there is no ***knowledge*** on the definition of the digital economy, the basic idea has been the same. In the proposal released at the 2016 G20 Summit in Hangzhou, the digital economy is defined as ? a series of economic activities in which digital knowledge and information are the key factors of production, modern information networks are the important carriers, and information and communication technologies are effectively used as an important driving force to improve efficiency and optimize economic structure. Another book defines the digital economy as the sum of the economy of the whole society based on the development and utilization of data resources.

II. Characteristics of the digital economy.

Like other economies, the digital economy has obvious characteristics.1. Inclusiveness. The digital economy is characterized by openness, inclusiveness, cooperation, ***sharing and ***winning, which can benefit more people. Much of the information is not only ****enjoyable, but also free of charge, which has never been possible at any time in history, hence what some call data.2. Ubiquitous links. With new innovations in sensing, transmission, processing and storage, everything is connected, ubiquitous sensing and ubiquitous linking, the age of integrated intelligence is upon us.3. More autonomy for workers. Digitization will bring new industries and business models, and the concept of workers' career choice has changed, which is more conducive to talent.

3. Summarize.

The digital economy will produce many new things, such as big data, cloud computing, artificial intelligence, blockchain and so on. Each specialty is a science that many laypeople cannot understand. For example, blockchain was originally proposed by a mysterious man named Satoshi Nakamoto (like a Japanese name, but not necessarily Japanese.) It became popular in 2015 and was first used in Bitcoin. Its main technical features are tamper-proof, peer-to-peer transmission, integration of different businesses and industries, and acceleration of capital flows, bringing unlimited vitality to the digital economy.