Digital Economy - page 3. | Bitcointalksearch.org

tabas

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Quote from: tabas on October 25, 2024, 11:54:25 PM

The digital economy is such a big industry and I've read some quotes in the past that if a business is not on the internet, soon, they'll be out of business. And that seems to be a true thing while for some chosen niches and industries, they can thrive even without the use of the internet and even if they can't go online/digital. While it's also being pressured because of the development and advancement of AI, I believe that this is where things are going to go into this digital and gig economy.

In fact, the digital economy is a large and rapidly growing industry. The message you displayed said “If sellers go offline, they will soon go out of business” represents an important truth in today's market. Although there are many areas that can survive without going digital. But there is no denying the general trend towards increased internet access and digital collaboration.

Of course, it's changes through advancements in AI and other digital technologies. It is high time for businesses to adapt. But it also opens up new opportunities. In growth and income as well. The gig economy is a perfect example of how digital platforms can revolutionize traditional business models. Change and create new opportunities to both entrepreneurs and companies. In this regard, businesses need to embrace digital transformation to remain competitive. Companies can cut costs through the digital economy. Reach a wider audience Improve customer experience and ensuring they remain effective and successful in an ever-changing market.

It's true that the digital economy has opened up a lot of markets, opportunities, and possibilities. Those who are quick to realize that there's so much potential and money on it, get the first dibs and the advantage of being the first. The tech giants that we're seeing right now, they're somehow first on what they do and focused with. That's the reason why they have the advantage because no one has done what they've done or there were people and attempts that have been first before them but they've sticked to their plan and saw the future potential of this industry. And now, they're reaping the success that they're having and maybe in the next 5 years or so, we'd see more advancement on this economy.

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Quote from: uche6215 on October 25, 2024, 08:49:36 AM

Digital Economy entails the economic process that involves connecting peoples, business, information, data etc it involves the online transfer of information and transaction across multiple channels for the purpose of business growth and getting a wider market Base.

Any business that fails to embrace digitalization will gradually lose relevance. People want to get the best and easiest service and digitalization makes it possible. Gone are the days when you want customers to come to your business location to buy a product. Customers want to be in the comfort of their homes select what they want, order for them and get them delivered as soon as possible.

Businesses are also embracing this modern technology because it makes their operations more effective and efficient. Advanced tools tasks like accounting, evaluating and record keeping could be done by software. This will help to cut down the number of workers which leads to a reduction in running costs. Many big corporations have downsized their workforce because of digitalization

tabas

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The digital economy is such a big industry and I've read some quotes in the past that if a business is not on the internet, soon, they'll be out of business. And that seems to be a true thing while for some chosen niches and industries, they can thrive even without the use of the internet and even if they can't go online/digital. While it's also being pressured because of the development and advancement of AI, I believe that this is where things are going to go into this digital and gig economy.

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Quote from: uche6215 on October 25, 2024, 08:49:36 AM

Digital Economy entails the economic process that involves connecting peoples, business, information, data etc it involves the online transfer of information and transaction across multiple channels for the purpose of business growth and getting a wider market Base.
Some aspect of digital Economy includes
_E commerce
_ Social Networking
_ Digital Entanglement
_ AI Automation etc
In this present world economy there's need for companies to go digital with their business as their are allot of benefits attached to it, some importance's of Digital Economy includes
Reduced cost
A wider market Base
Increased productivity
Creates new Revenue streams
Access to more data
Improved customer experience

The development of the current digital system which is indeed increasingly sophisticated has helped many people in various ways, one of which is in work, business, or others. Large companies currently work cooperatively with their place of operation and also by relying on this digital to expand their marketing, of course this is one of the positive sides of the growing digital development, also with other people or consumers it becomes easy in terms of wanting to buy products, because they do not need to step foot to buy it just by using their gadgets they can access it to see the quality of the product then pay by transfer and wait for the product they bought to arrive.
For people who do think about business or the future, utilizing this digital development has become a spice for the smooth running of their business, but not everyone is an expert in this, so there are also some people who work together in developing their companies by utilizing the current developments which are increasingly sophisticated.

itorai

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Quote from: Spaceman1000$ on October 25, 2024, 09:36:22 AM

Digitalization is one major way of spreading your business, especially in this social media age, the global community has been brought together through digitalization, products can be ordered by consumers from any part of the world and you will receive them from your dootsteps, no matter how far reaching you are. So far a country to move from analog to digitalization in terms of economy, it helps to track down data collection and revenue mobilization, hence a country can have an accurate database, accurate budgeting for infrastructure becomes easier. So far, the world has come to appreciate the Digital society and that's the way to go.

Now, in the era of digital business, it is very necessary with the developments achieved, making it easier and its benefits can be felt, among countries the economy is getting better with the existence of digital devices, trade will be smoother, especially communication, so there are no obstacles even though they are far away, that is the main thing.

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Quote from: uche6215 on October 25, 2024, 08:49:36 AM

Digital Economy entails the economic process that involves connecting peoples, business, information, data etc it involves the online transfer of information and transaction across multiple channels for the purpose of business growth and getting a wider market Base.
Some aspect of digital Economy includes
_E commerce
_ Social Networking
_ Digital Entanglement
_ AI Automation etc
In this present world economy there's need for companies to go digital with their business as their are allot of benefits attached to it, some importance's of Digital Economy includes
Reduced cost
A wider market Base
Increased productivity
Creates new Revenue streams
Access to more data
Improved customer experience

Digitalization is one major way of spreading your business, especially in this social media age, the global community has been brought together through digitalization, products can be ordered by consumers from any part of the world and you will receive them from your dootsteps, no matter how far reaching you are. So far a country to move from analog to digitalization in terms of economy, it helps to track down data collection and revenue mobilization, hence a country can have an accurate database, accurate budgeting for infrastructure becomes easier. So far, the world has come to appreciate the Digital society and that's the way to go.

uche6215

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Activity: 334

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Digital Economy entails the economic process that involves connecting peoples, business, information, data etc it involves the online transfer of information and transaction across multiple channels for the purpose of business growth and getting a wider market Base.
Some aspect of digital Economy includes
_E commerce
_ Social Networking
_ Digital Entanglement
_ AI Automation etc
In this present world economy there's need for companies to go digital with their business as their are allot of benefits attached to it, some importance's of Digital Economy includes
Reduced cost
A wider market Base
Increased productivity
Creates new Revenue streams
Access to more data
Improved customer experience

Topic: Digital Economy - page 3. (Read 489 times)