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The digital economy is the creation and capture of value using computers and networks. The following are common examples of economic activity that can be considered part of the digital economy.EcommerceSelling products and services from a digital presence such as a website or app.
MarketsDigital two-sided markets such as an auction website.SoftwareSoftware products and services including consumer and business software. For example, a software as a service tool for sales force automation.PlatformsPlatforms for building digital technologies. This can be at the infrastructure, system or application level. For example, a platform for machine learning is at the system level.
HardwareComputing hardware such as computing, data storage and networking devices.Consumer ElectronicsDigital products for consumers such as smart phones.ServicesDigital services such as a tool for searching the internet.Education & TrainingTraining related to digital technologies or education such as a computer science degree.ConsultingProviding labor related to digital technologies for a fee.
Software, hardware, consulting and training related to securing digital technologies and data.Data ServicesProviding valuable and timely data such as market data for a fee.Digital EnvironmentsDigital environments such as media environments, games, virtual reality and mixed reality. For example, a theme park ride based on mixed reality techniques.
Creative IndustriesCreative industries that produce digital outputs such as designs.Knowledge EconomyThe knowledge economy is a broad trend whereby economic production is shifting from physical work to working from a computer. For example, an administrator who completes business processes with digital tools.AutomationThe automation of work with digital technology such as a bakery that automatically bags bread with an industrial robot.
Digital platforms for product development, promotion, advertising, pricing, distribution, sales and customer relationship management.MediaDigital production and distribution of media. For example, a streaming media service that provides movies, television and music to consumers.Tools that allow anyone to publish to the internet.
PublishingPublishing to digital formats such as an ebook or blog.Research & DevelopmentMost research and development depends on digital tools such as statistics platforms.Intellectual PropertyThe development, use and licensing of intellectual property related to information technology.|
| Type | | | Definition | The creation and capture of value using computers and networks. | | Related Concepts | |
Digital Economy
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