Thanks to visit codestin.com
Credit goes to www.sciencedaily.com

New! Sign up for our free email newsletter.
Reference Terms
from Wikipedia, the free encyclopedia

Digital economy

Digital Economy refers to an economy that is based on digital technologies. The digital economy is also sometimes called the Internet Economy, the New Economy, or Web Economy. Increasingly, the "digital economy" is intertwined with the traditional economy making a clear delineation harder.

The term 'Digital Economy' was coined in Don Tapscott's 1995 best-seller The Digital Economy: Promise and Peril in the Age of Networked Intelligence. The Digital Economy was among the first books to show how the Internet would change the way we did business. It became an international best-seller within one month of its release, appearing on a number of best-seller lists, including the New York Times Business Book list and a seven month run on the BusinessWeek best sellers list. BusinessWeek also named The Digital Economy the top selling business book for 1996.

In the last decade of the 20th century. Nicholas Negroponte (1995) used a metaphor of shifting from processing atoms to processing bits. He discussed the disadvantages of the former (e.g., mass, materials, transport) and advantages of the latter (e.g., weightlessness, virtual, instant global movement). In this new economy, digital networking and communication infrastructures provide a global platform over which people and organizations devise strategies, interact, communicate, collaborate and search for information.

It is widely accepted that the growth of the digital economy has widespread impact on the whole economy. Various attempts at categorising the size of the impact on traditional sectors have been made. The Boston Consulting Group discussed "four waves of change sweeping over consumer goods and retail," for instance. Deloitte ranked six industry sectors as having a "short fuse" and to experience a "big bang" as a result of the digital economy. Telstra, a leading Australian telecommunications provider, describes how competition will become more global and more intense as a result of the digital economy.

Related Stories
 


Computers & Math News

October 16, 2025

UMass Amherst engineers have built an artificial neuron powered by bacterial protein nanowires that functions like a real one, but at extremely low voltage. This allows for seamless communication with biological cells and drastically improved energy ...
Vast amounts of valuable research data remain unused, trapped in labs or lost to time. Frontiers aims to change that with FAIR² Data Management, a groundbreaking AI-driven system that makes datasets reusable, verifiable, and citable. By uniting ...
A team of engineers at North Carolina State University has designed a polymer “Chinese lantern” that can rapidly snap into multiple stable 3D shapes—including a lantern, a spinning top, and more—by compression or twisting. By adding a ...
Our everyday GPS struggles in “urban canyons,” where skyscrapers bounce satellite signals, confusing even advanced navigation systems. NTNU scientists created SmartNav, combining satellite corrections, wave analysis, and Google’s 3D building ...
Mars may look calm, but new research reveals it’s a world of fierce winds and swirling dust devils racing at hurricane-like speeds. Using deep learning on thousands of satellite images from European orbiters, scientists have discovered that ...
Scientists at Skoltech developed a new mathematical model of memory that explores how information is encoded and stored. Their analysis suggests that memory works best in a seven-dimensional conceptual space — equivalent to having seven senses. ...
Researchers have found a way to extract almost every photon from diamond color centers, a key obstacle in quantum technology. Using hybrid nanoantennas, they precisely guided light from nanodiamonds into a single direction, achieving 80% efficiency ...
In a remarkable leap for quantum physics, researchers in Japan have uncovered how weak magnetic fields can reverse tiny electrical currents in kagome metals—quantum materials with a woven atomic structure that frustrates electrons into forming ...
An international team has confirmed that large quantum systems really do obey quantum mechanics. Using Bell’s test across 73 qubits, they proved the presence of genuine quantum correlations that can’t be explained classically. Their results show ...
Researchers at Columbia have created a chip that turns a single laser into a “frequency comb,” producing dozens of powerful light channels at once. Using a special locking mechanism to clean ...
HydroSpread, a breakthrough fabrication method, lets scientists build ultrathin soft robots directly on water. These tiny, insect-inspired machines could transform robotics, healthcare, and environmental ...
Scientists at OIST have, for the first time, directly tracked the elusive “dark excitons” inside atomically thin materials. These quantum particles could revolutionize information technology, as they are more stable and resistant to ...

Latest Headlines

updated 12:56 pm ET