The Digital Economy
9 important questions on The Digital Economy
Describe the evolution of data digitalization
Give examples of digital services
- Any kind of software
- Smartphone apps
- Websites
- Internet service
- Bank transactions
- Files stored digitally
What is meant by Moore's Law
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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What is automation, and what is its purpose
- reduce costs
- increase revenues
- increase competitiveness
- increase consumer satisfaction
What are the components of the digital economy ecosystem
- digital goods and services (at the center)
- digital markets (top)
- ICT infrastructures (bottom)
- Providers (left)
- Consumers (right)
In what state do digital companies operate
Give examples of factors influencing a transient state
- New stakeholders
- New technologies
- Variations in consumer adoption
- Competition
- Legal decisions
- New regulations
- Fluctuating dependencies
What are the 3 parallel timelines for Technology Evolution
- Innovation of technologies (telephone/telegraph -> internet, digital services)
- Convergence of services (telephone/telegraph replaced by internet)
- Evolution of telecommunications business (monopoly -> competitive markets)
What is the consequence of the technology evolution
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The question on the page originate from the summary of the following study material:
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- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
