Digital Economy News

Government announces £40m fund to boost UK 5G capabilities

A £40m government fund has been launched to advance UK 5G technologies and create 5G Innovation Regions nationwide.

The top pros, cons, and best practices when using generative AI

Discover the top ways generative AI can be used by organisations to fuel the digital transition.

Digital Economy

Digital economy refers to an economy that is based on digital computing technologies, although we increasingly perceive this as conducting business through markets based on the internet and the World Wide Web.

It is essentially the economic activity that results from billions of everyday online connections among people, businesses, devices, data, and processes.

The backbone of the digital economy is hyper connectivity which means growing interconnectedness of people, organisations, and machines that results from the Internet, mobile technology and the internet of things (IoT).

The digital economy is taking shape and undermining conventional notions about how businesses are structured, how firms interact, and how consumers obtain services, information, and goods.