The concept of digital economy

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

Digital economy, through constantly upgraded network infrastructure and information tools such as smart phones, information technology such as internet-cloud computing-blockchain-internet of things (IoT) and so on, the human ability to deal with the quantity, quality and speed of big data is constantly increasing, promoting the human economic form from industrial economy to information economy. form from the industrial economy to the information economy - knowledge economy - wisdom economy form transformation, greatly reducing social transaction costs.

Improving the efficiency of resource optimization and allocation, increasing the added value of products, enterprises and industries, promoting the rapid development of social productivity, and at the same time providing a technological foundation for the backward countries to achieve transcendent development. Digital economy, also known as smart economy, is the essential feature of Industry 4.0 or post-industrial economy.

Digital economy, as a concept with a broader connotation, can be included in the scope of any economic form that directly or indirectly utilizes data to direct resources to play a role in promoting productivity development. At the technical level, it includes emerging technologies such as big data, cloud computing, the Internet of Things, blockchain, artificial intelligence, and 5G communications. At the application level, "new retail" and "new manufacturing" are typical representatives.