The Digital Economy

Digital economy is defined as an economy based on digital technologies. It is a worldwide network of economic activities, commercial transactions, and professional interactions that are enabled by information and communications technologies (ICT). Digital economy also refers to the web economy and the Internet economy. The three main components of digital technology are e-business, e-business infrastructure, and e-commerce. Digital economy is integrated into every aspect of a user's life such as healthcare, education, banking, and entertainment. Some merits of this type of economy include the growth of e-commerce, digitization of goods and services, and transparency. The emergence of digital technology has led to a dramatic rise in investments on hardware, technological research, software, services and digital communication. There is a substantial rise in e-commerce with the advent of digital economy. As most transactions are done online, digital economy helps to reduce corruption in the market, thereby making the economy more transparent. This book is compiled in such a manner, that it will provide in-depth knowledge about digital economy. It will provide comprehensive knowledge to the readers.