The most striking feature of digital economy lies in what is the key factor of production.

The most striking feature of digital economy lies in what is the key factor of production: data.

I. Digital economy:

1. Digital economy is a brand-new social and economic development form after agricultural economy and industrial economy, and it is also the mainstream model of world economic innovation and development. The digital economy has rich connotations: first, numbers should be the core element.

2. Digitalization is a new generation of digital information technology based on ubiquitous interconnection, with data as the key production factor, and then relying on information network. The framework of digital economy mainly includes four aspects: the value of data resources, the industrialization of data resources and digital technology, the digital industry promoted by the deep integration of digital technology and traditional fields, and the digital governance of government and society.

3. Different from agricultural economy and industrial economy, where land, labor and capital are the key production factors, the most striking feature of digital economy is that data is the key production factor, and the effective use of network information technology is the core driving force to improve the total factor productivity and optimize the economic structure.

Second, the characteristics of the development of digital economy:

1. Different from western developed countries, the development of digital economy in China has its own characteristics, that is, China ushered in informationization before completing industrialization, urbanization and agricultural modernization. "Synchronization of the four modernizations" has become the background of the development of digital economy in China. This not only brings great challenges to the development of China's digital economy, but also brings unprecedented opportunities.

2. Informatization makes it possible for China to complete the industrialization, urbanization and agricultural modernization completed by western developed countries in 20 or 30 years, in which the digital economy has become the key driving force.

3. Taking the retail industry as an example, the United States has experienced a high degree of integration of industrialization for hundreds of years, and only then has it produced an efficient modern retail industry represented by Wal-Mart. China, on the other hand, formed the world's largest e-commerce market in the past 10 years with the help of network informatization, and produced giant online retail enterprises such as Alibaba and JD.COM.