Understanding the new digital economy - Essay Example

Comments (0) Cite this document
Summary
The new digital economy has evolved as a term used to describe the evolution of products and services from traditional systems to electronic and computerized forms which are available on computers, mobile phones and similar devices (Cortada, 2009; Coyle, 2013; Herscovici, 2012)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
Understanding the new digital economy
Read TextPreview

Extract of sample "Understanding the new digital economy"

Download file to see previous pages One of the biggest influences of the modifying terrain of transacting business is the social media which provides an unconscious system and medium through which many people converge, interact and exchange information (Ghosh, 2012). The hypothesis put forward for this paper is that: the social media has had a major impact on users and this has transformed the cultural and economic practices and impacted on the fashion industry with an emphasis on blogging and social media marketing.
The aim of this paper is to identify the political economic perspectives in today’s world and the impact of the social media on users as well as cultural and economic practices in the world. The following pointers will form the core highlights of the study:
This paper fundamentally aims at identifying the main influence and impact of the social media on the way in which individuals and groups of people perceive cultural and social matters and systems. To this end, the paper will critique various secondary sources in order to draw conclusions and inferences on the impact of social media on current trends and processes.
This section will involve a critical review of secondary sources and other documents to lay the theoretical and definitive framework. To this end, the literature review will evaluate fundamental definitions and ideas that form the basic framework and discussions in this topic. Also, the literature review will integrate important elements and aspects of theories and concepts that are important in providing the parameters within which discussions and analysis can be done.
The new digital economy is an economy based on digital technologies (Tapscott, 2012). This implies that the new digital economy is steeped in the fact that it is a system that enables people to transact various forms of business activities over digital systems and processes.
“The world economy is now characterised by sluggish growth in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Understanding the new digital economy Essay Example | Topics and Well Written Essays - 4500 words”, n.d.)
Understanding the new digital economy Essay Example | Topics and Well Written Essays - 4500 words. Retrieved from https://studentshare.org/journalism-communication/1644512-understanding-the-new-digital-economy
(Understanding the New Digital Economy Essay Example | Topics and Well Written Essays - 4500 Words)
Understanding the New Digital Economy Essay Example | Topics and Well Written Essays - 4500 Words. https://studentshare.org/journalism-communication/1644512-understanding-the-new-digital-economy.
“Understanding the New Digital Economy Essay Example | Topics and Well Written Essays - 4500 Words”, n.d. https://studentshare.org/journalism-communication/1644512-understanding-the-new-digital-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Understanding the new digital economy

Digital Economy

...: 248). The ways in which consumers use search engines and the growth of the gateway into e-commerce has led to different tactics which are now being used to create a specific approach to consumption online. A main way in which this is being used is with the personalization of digital information that is online. The search engine tactics are being developed to trigger responses from specific target markets and individuals which may be interested in the information and which are looking for new results for specific needs. This is defined by the understanding of adding in information and providing specific links to the gateways and search engines. The e-commerce approaches are inclusive of...
14 Pages(3500 words)Essay

Literature Review on Digital Economy

..., which enabled them to offer lower rates. This was only possible due to the increased storage capacity and underwriting technology available in the 1990s. This feature has been greatly appreciated by companies all over, in accepting online payments and creating customer accounts. References Anderson, C. 2004. “The Long Tail.” Wired Magazine. Retrieved on April 30, 2012: www.wired.com/wired/archive/12.10/tail.html Bartel, A. P., Ichniowski, C., and Shaw, K. L. 2005. “How Does Information Technology Really Affect Productivity?” Working paper 11773. New York: National Bureau of Economic Research. Brynjolfsson, E., Smith, M. D., and Hu, Y. 2003. “Consumer Surplus in the Digital Economy.”...
9 Pages(2250 words)Essay

Digital Economy

...and insurance have become easier through electronic clearing system (ECS) and this has induced people to opt for insurance policies and credit. Above all wise decision-making is important to make proper use of EFT and hence optimize the digital economy. Introduction The popularity of Electronic Fund Transfer in the present days has become unimaginable and its importance is clearly undeniable with the fact that the process of fund transfer taking place through online internet media with cheap network and improved cryptography making it faster, quicker and accessible to a large mass thus saving a lot of time and making the process very much transparent. The following literature review will help in...
13 Pages(3250 words)Essay

Digital Economy

...be made for advertisement and proper objectives and methodologies should be defined with realistic approach then only it can be successful for initiating and accelerating the economic activity. 2. Areas of Digital Advertising Digital advertising is also called internet marketing. Internet marketing is not a confined area of advertising however it is interesting to note that digital advertising is a type of advertising which is continuously evolving with new dimensions and areas. Website Display marketing, E-mail marketing, social media advertising, affiliate marketing, search engine marketing, mobile advertising, blog marketing, contextual advertising; cost per...
12 Pages(3000 words)Essay

New Zealand Economy

...Macro & Micro economics 27 November New Zealand Economy New Zealand is an island nation in the southern Hemisphere. It is an isolated island with many islands around; it has unique plants and animals (Britton 4). The Polynesians were the first people to settle in New Zealand. The New Zealand people are the descendants of European immigrants and native people of Maori. The intermingled culture was a blend of their traditions to create a rich cultural mix; with the blend it threated the survival of the Maori people. The New Zealand`s Government is working to promote the growth of its people, as it tries to preserve its culture. The...
7 Pages(1750 words)Essay

Understanding the International Economy

...Understanding the International Economy TABLE OF CONTENTS Introduction 2 The Interdependent Global World 3 The Old/New Economic Order 13 Macroeconomics 14 Conclusion 16 References 18 Introduction In delving... policies...
16 Pages(4000 words)Essay

Digital economy

...INTRODUCTION The world’s economy has steered in to a new direction with the onset of the 21st century. Markets, consumers, producers and businesses have been redefined with the technological changes in the last couple of years. The most prominent change has been the inception of the “Digital Economy”, an electronically created market where business transactions take place electronically between the consumers and the producers. In other words, digital economy has necessitated the need for electronic commerce. Instead of on the spot trading; the Internet and Web technologies have made it easier for products and services to be sold...
12 Pages(3000 words)Essay

Digital Economy - Literature Review

...and technologically aware employees from all over the globe. She has today become one of the biggest employers in the United States with the best pay for her employees being the prime motivating factor for the retention capabilities. Besides, the company has also seen the need in making stable links with other like minded companies for the prospects of her business in the digital sphere. In this connection, Zynga has acquired companies such as OMGPOP that has seen her through the competitive digital economy to improvements in technologically oriented applications. Such have included technological innovations through research; exploitation of new markets, development of...
12 Pages(3000 words)Essay

Understanding the New Digital Economy

...Understanding the New Digital Economy Table of Contents Introduction 3 Section 4 Literature Review 4 Section 2: Aspects based on the Provided Arguments 8 Transformation within the Business Process Due To the Impact of Digital Economy 8 Section 3: Negative Aspects of Digital Economy Concept 11 Negative Impact on the Financial and Manufacturing Sectors 11 Section 4: Future Aspects of Digital Economy 14 Potential Impact of Digital Economy on Various Socio-Economic Domains 14 Conclusion 17 18 References 19 Introduction Over the past few years, digital technology has completely reshaped the face of the economy of every single nation mapped on the globe. The growing impact of digitalisation over the traditional sectors have led... to the...
18 Pages(4500 words)Essay

Digital Economy as an Innovative Configuration of the Economy

...information technology really affect productivity?” Working paper 11773. New York: National Bureau of Economic Research. Retrieved on March 10, 2014: http://www.nber.org/papers/w11773 Brynjolfsson, E., & Kahin, B. (Eds.). 2002. Understanding the Digital Economy: data, tools, and research. MIT Press. Print. Brynjolfsson, E., Smith, M. D., and Hu, Y. 2003. “Consumer surplus in the digital economy.” Working Paper 4305-03. Massachusetts: MIT Sloan School. Retrieved on March 10, 2014: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=400940 Carr, N. G. 2003. “Does IT matter?” Harvard Business Review. Issue May 2003. Retrieved on March 10,...
13 Pages(3250 words)Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Understanding the new digital economy for FREE!

Contact Us