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Introduction to Digital Economy - Coggle Diagram
Introduction to Digital Economy
Definition
Internet Economy, the New Economy or Web Economy
Economy based on technologies
Age of Network Intelligence
Encompassing and Revolutionizing
Human communication
Computing
Content
Rethinking
Traditional definition of
economy
Wealth creation
Business organization
12 Characteristics of Digital Economy
Disintermediation
Business is directly connected to the customers
Technology helps the exchanging of information
Convergence
Dominant economic + convergence of computing, communication and content
Integration
Supplier, customers and competitors will communicate and integrate to survive
Innovation
Imagination+creativity
Molecularization
Light organization will survive
Heavy organization will not survive to adapt in new economy
Prosumption
Mass production to mass customization
Virtualization
Convert physical into virtual situation
Immediacy
Time lapse between ordering a product and its creation with delivery is shrinking
Digitisation
Knowledge in digital form
Take short period to receive information between people
Globalization
Knowledge is a primary key
Exist one world economy
Knowledge
Equal to wealth and the driver
Discordance
Haves and have not
who do not access the technology may cause problems to society