Features of the Digital Economy (Basic Characteristics)
In the era of the Digital Economy, the Digital Economy is governed by three laws (Metcalfe's Law, Moore's Law, and Davido's Law).
With the arrival of the Internet era, breaking the constraints of space and time, so that the world is closely linked, the digital economy thus has a rapidity, becoming a speed economy. At the same time, due to information technology, network technology, has a very high permeability function, the digital economy and has a high permeability; In addition, the digital economy also has a self-expansion, editing the incremental benefits, external economy, sustainability and directness.
The high-speed development of the network era eventually prompted the economic organization tends to flatten the structure, reducing the cost of intermediate links in the traditional consumption mode, and directly improving the economic efficiency.
The nature of the digital economy
What is the nature of the digital economy?
The essence of digital economy lies in informationization. Informatization is a socio-economic process caused by the revolution of computers and the Internet and other means of production of the industrial economy to the information economy.
Specifically, informatization includes the industrialization of information technology, the informatization of traditional industries, the informatization of infrastructure, and the informatization of lifestyles. The industrialization of information and the informatization of industry, i.e., the two major aspects of production and application of information, are the key to it. The information industry created by the digital revolution is a strategic industry. It can carry out both manufacturing activities and service business, or engage in both activities at the same time, and become a mixture of manufacturing and service industry, which is called "liquid mixture". The investment in information technology and informatization is an important driving force of the digital economy.
The development trend of the digital economy
1, speed has become a key competitive factor: the update cycle of products and services is getting faster and faster, and rapid response and rapid adjustment require enterprises to build their own "digital nerve" platform.
2, cross-business cooperation has become an inevitable choice: the pressure of speed makes it necessary for enterprises to cooperate to integrate resources and play to their core strengths.
3, industry disruption, value chain reconstruction and supply chain management: enterprises actively or passively use digital means to correspond to the reconstruction of the value chain: or to recapture their own customers; or to reorganize and optimize their own supplier team.
4, large-scale customization becomes possible: enterprises can collect and analyze the information and needs of different customers at a very low cost, and customize them separately through a flexible, flexible production system.
Digital economy is closely related to life
In addition to promoting the transformation and upgrading of the real economy, the development of the digital economy also plays a huge role in improving people's livelihoods and social well-being. The digital economy is also actively expanding the field of life, the formation of new forms of convenient services. Water, electricity and gas bill payment allows users to enjoy fingertip life without leaving home to pay bills; catering, housekeeping, logistics, education, medical care, tourism, hotels, parking, community and other areas of cooperation to form smart solutions, the development of a new model of O2O services.
Factors affecting the digital economy
With the trend of rapid development of the digital economy, what factors will affect the digital economy?
①Software, according to IDC research statistics, service software will rise at an annual rate of 90%;
②Information, it is the biggest wealth for network content providers;
③Education, the rapid growth of the digital economy has led to significant changes in the means of education technology;
④Customer rights, the customer's rights to recall just like Heng Wei influence the digital economy and promote its development.
⑤Digitalization of business;
⑥Digital economy policies.
The advantages of the digital economy
For developing countries, the digital revolution is a "once-in-a-lifetime" opportunity. In the digital age, developing countries can take full advantage of the latecomer advantage in the digital economy to narrow the digital divide with developed countries. India is a typical case of utilizing the latecomer advantage of digital economy to make its information technology highly competitive in the world, thus promoting the rapid development of its economy. The advantages of the digital economy itself include:
1. the latecomer advantage of increasing marginal returns;
2. the latecomer advantage of industrialization;
3. the latecomer advantage of customer resources;
4. the latecomer advantage of knowledge capacity;
5. the latecomer advantage of information technology.
The four major difficulties facing the digital economy
Although the digital economy has been a general trend, it is also facing some obstacles to be overcome in the process of development.
1. The digital divide remains a serious problem: 4 billion people around the world still don't have access to the Internet, and a lack of digital skills is widespread in all countries.
2. Digital security faces serious challenges: each year, various cybercrimes and attacks cause losses of up to $400 billion to the global economy.
3. Laws and regulations are lagging behind the practice of digital economy: the phenomenon of "data flood" has already appeared, but the regulatory policies of digital economy vary greatly from country to country.
4. Significant changes in employment structure: The development of the digital economy will also lead to significant changes in the labor market in 2015-2020. Among them, the impact and influence brought by artificial intelligence technology on the employment structure is the most prominent.
The digital economy is not only a new variable in improving the quality and efficiency of China's economy, but also a new blue ocean for China's economic transformation and growth. In this wave, the development of new industries and the transformation of traditional industries will face both opportunities and challenges.