Topic: Digital Economy - page 2. (Read 489 times)

That is a true statement, some stores that sell their products online sometimes have reviews made by themselves I have experienced this where I bought a product that really interested me and I looked for a store that sold it with a good reputation and also with reviews that were quite convincing making me not hesitate to buy it but when the product I received was not as expected that's where I realized that reviews can be faked.

I myself did not report the review or with the product that was not as expected, I only added a review that I actually experienced with results that did not match expectations and an expression of my disappointment with the store, also making it a lesson to be more careful.

Definitely, the moment AI was introduced by openai (AI tests were much older, this is just only saleable one that people could use) all those big companies started to get company accounts there and tried to see what they can do with it, and that's not it, we have now internal built ones as well, all you have to do is just get the data and feed the AI with that data, the AI module is out there, you can do it.

All those graphic ones and such, they are just done by designers and developers inside the firm. So all in all we could say that this isn't going to be something that will be all that easy to handle, we will see much better results on the long run with time, we just need to give it some more time to wait and see what kind of results we will get.

A lot of things that were not expected to play out in reality because the innovation keeps getting better and you can even search with an image it tells you exactly were to get that exact product, all is part of innovation people don't have an issue with that but when innovation starts taking peoples jobs that is when you know the sacrifice that comes with accepting innovation, and their are different ways that people use to advertise their business to make it presentable in the outside for people to see.


Business people are always making their products look good and a lot of wonderful reviews so you won't even be able to know wether you are getting the right products or not because people can fake reviews and you can end up buying rubbish just because of those reviews.  The moment the reviews are manipulated then if they are noticed they should be reported, so that they don't deceive people that's the correct thing to do but a lot of people might choose to ignore.

I totally agree with you about the oldies. Many of them still rely on the normal methodologies and the old methods. When you tell them that they should increase their online and social media presence, they will tell you that they know better than you because they've been in the business for years. I understand their end but once one of them is certainly curious about such, they'll have a case study about it and will have an idea if it should be done for their business or not. Now, the freelancing marketplaces are also getting those lowballed professionals because of people that would like to pay cheaply for services like this.

Don't businesses usually have their own stuff like that? At least the big ones would've already had it included in their plans to follow through at least a few years back. Maybe except for AI automation, that one was probably just recently made important. Small businesses probably started developing their own when the pandemic started though since it was the only method for them to grow in the current situation back then.

And I guess the biggest thing here is that it lets businesses easily go global. Just look at streamers and the merch they sell. Easily a lot of streamers merch are able to be sold across the globe easily. Schedule wise might take longer but hey, better than never.

Digital universe is already a reality for most businesses. What varies is how immersed they are into it, but it's undeniable that digital universe is involved with them in some scale. It can be a simple research on Google which displays the business location, pictures and reviews, or it can be a paid traffic campaign the business owner launches on social medias, or even a delivery service for the product the business sells, which only exists thanks to digital means.

However, it's not an entirely positive phenomenon at all. It's much easier to fake and manipulate through digital means than physically. You never know if the product you purchased is the one you are going to receive. Regards food delivery through apps, it's a very common situation where I live. And curiously, reviews don't rate such incidents. Or they are also manipulated, or customers just don't care at all...

I mostly talk exclusively from my situation but believe me, we are very technically advanced in terms of informational technologies. I'll tell you what's another problem, most of business owners or those who start businesses, are 40+ people. They grew up without IT technologies and have the old mentality. It's hard to convince them to invest in social media marketing, to create a website and grow their business digitally. Even if you convince them to do it, then they hesitate to pay money, it's hard to explain to them that there is a process of UI/UX design, then coding and etc, they usually end up hiring a guy who does a cheap useless website for some bucks and then these business owners are crying, saying that digital space is a waste of time.

We can say that's some of the exceptions but if we're going to talk in general, most of the countries now are connected to the web and they can have their digital economy there. And as a businessman, I'll consider if it's going to be a good addition to having a website for my business but you're right that if my target market is my local area that doesn't use mostly the internet then it makes no sense at all. But if we look at the whole thing with the global competitiveness now of many service industries, you'd see how huge it is and those few people or cities or rural areas that you're talking about having no connectivity at all are just a few and most of them are irrelevant for the digital economy. And with some tools like Starlink or any type of other the same satellite dish tool, even in those areas that are not serviceable by the ISPs can have their own share to the global digital economy by not being a businessman but as freelance workers.

Digital tech indeed changed and is still transforming the lives of people, how they interact and how they live their life every single day. There may be pros and cons but we can't just eradicate this new age in humanity. What we can do is just minimize the use of it if you feel you are being controlled already by the digital gadgets surrounding you.

Just think of the benefits that it can do to people -
> improved efficiency and productivity
> increased accessibility and inclusivity
> cost-savings and competitive advantage
> business and societal benefits and many more

So can you turn down the impact of digital age to humanity? We will be hypocrite if we say, we don't need it at all.

The digital industry is a very big sector and it is growing day by day, there are millions of people who benefit from it and improve themselves in this field.
Digital technology has many main components. Blockchain and cryptocurrencies are in this economy and I am happy to be here.
There are many more areas such as e-commerce and social media platforms or fintech. They are growing and transforming very fast, it is very important to adapt to these areas in our age.

The most prominent thing about today's digital economy is the interaction between many people online through social media applications such as Instagram, Facebook, Twitter and others. Not only just interaction but many things can be done such as seeking profit or working in that even crime is included. Many people today who take advantage of their digital economy have succeeded in building their own careers by opening a business online, this is one example of a good side that can be a motivation.
I am sure that most people today spend their daily time with the internet and social media that are developing because of this digital economy. Like in a blog that I found, indeed some points like what you said are some examples of the evolution of the digital economy, for details on the website below.

https://www.techtarget.com/searchcio/definition/digital-economy

Digitalization to me should be a dream for every society and community even businesses its indeed a height to attain, when you have complete digitalization then you should be talking about the system where you will experience efficiency, high level productivity, better
 experience  highly advantageous competition this should cut across different parastatals ranging from the health sector, finance companies etc

I mean, are you 25 years late to the party that you've just realized all these things, or what is the particular purpose of this thread as there is not even a sliver of a question in among what you have regurgitated. Yes the world is getting ever more connected and that will translate into ever more innovation. We saw the blockchain pop out of nowhere and social networks these days are using all sorts of manipulative algorithms to cement their position. One thing that has gotten worse is the subscription model, where companies are always trying to rent you software instead of letting you buy it outright, because it builds a continuous revenue stream - but it's generally consumer unfriendly.

The things you mentioned seem to have been implemented by many business people in order to advance their own companies with new revenue targets that could be multiplied. Because companies that do not use this as a form of their adjustment to the digital and technological things that are currently evolving will be defeated by their competitors. So, these aspects have indeed been widely utilized by large and small companies at this time because business always has a lot of competition so that every business person must have a wider reach to continue to win and get sufficient profits.

Years ago, experts emphasized that the Internet is as important as water and our world could be destroyed without the Internet or water. So it is no surprise that everything is gradually becoming digital and a fully digital world may be our goal.

But besides the conveniences and benefits they bring to life, it is undeniable that they also cause harm and challenges to us. For example, scam becomes more serious and difficult to control when carried out on the internet, social networks...or internet incidents will cause serious damage to businesses like the recent incidents of CrowdStrike and Microsoft. Dependence on the Internet and complete digitalization also has unpredictable downsides, it is not as perfect as we think.

From this we can now observe that the level of digitalization has enhanced striking changes on the operations of the business. For any organization in this period of history, digital technology can no longer be an extra but a necessity for organizations to remain relevant. Those who are unable to address these forms may lose customers to other competitors that are more effective in tapping in the digital media platforms. For instance, social media networking and electronic commerce platforms are presently the main strategies through which many organisations connect with more customers faster. Internet presence also decreases operating expenses, while maximizing benefits particularly in the areas where firms interface with clients and customers –marketing and market entry.

Nonetheless, it is rather clear that digital adoption trends look to be ever more predominant, at the same time, not all business sectors can abandon traditional methods. Peculiar fields that imported their operations dependent on direct service or have relations with contact and measure may yet maintain significance to standard forms of necessary business practices. However, even if they serve a local market, they can still seize digitalization advantages in managing, advertising, or communicating with consumers. Hence, if not all business sectors can completely ignore the use of traditional approaches, then incorporating digital elements into these businesses’ everyday activities is central to the process of sustaining and enhancing the organizations’ performance within a progressively digitalized environment.

No, that's not entirely true. There are cities where people aren't technically advanced or the highest percentage of the population is 30-40+ and have no idea how things work online. If in this particular city, you create an online shop or a website, that will be a waste of money, time and resources because everyone is old-fashioned. The Internet needs businesses that are in capitals and in advanced cities, like Barcelona, Madrid, Berlin, Munich, Milan, Dublin, Oslo and etc.

Almost everything is going digital, because we are in the digital era and that is why whatever business you are into, you should make it digital for easy access by people and the widespread of your products. Look at casinos went digital because they understand the benefits of running your business digitally. It is stress free and you don't need to start running from pillar to post in order to advertise your business, technology will do that for you and your customers will have easy access to reach you from all part of the world. From the look of things, soonest digital economy is dominate and if you are not in the moving train as a business owner, you might be left out in the ball park.

Many businesses that do not keep up with the times of the digitalization era then the business becomes undeveloped and left behind by other aspects, so we need to follow what has become the current era with digitalization then we need to follow that direction.

For example, some people who have followed digitalization on social media have developed a business from scratch until now they are big, sitting at home but able to sell on e-commerce and have massive income.

I think almost all businesses now need digitalization and they are no longer in the traditional way because that is in the past maybe only a few businesses are still able to survive in this current trend.

the point is to always follow the development of the times and adapt to it. As long as it is done, the business will continue to survive and can be updated with all aspects that provide a positive impact compared to running a business with a traditional system that rejects the entry of digitalization. And this is proven by countries that are able to be open to digitalization but still have limitations on policies that are able to participate in business competition.