Digital Economy News

ESRC launches five-year data infrastructure strategy

ESRC has launched a new data infrastructure strategy that will inform its investment in data collections and services to facilitate the advancement of renowned...

Enhancing EU cybersecurity regulation and information security

The European Commission is boosting the EU’s cybersecurity regulation and information security to bolster resilience and response capacities against cyber threats and incidents. The European...

New security guidance provided to data centre operators and users in the UK

The National Cyber Security Centre (NCSC) and Centre for the Protection of National Infrastructure (CPNI) have presented a novel security guidance, which sets out...

UK begins consultation on national cyber-physical infrastructure

The UK government has initiated a consultation on the national cyber-physical infrastructure to ensure the UK’s position as digital superpower. Today – Wednesday 2 March...

The UK has signed a novel digital trade deal with Singapore

The UK’s International Trade Secretary has travelled to Singapore to sign a groundbreaking digital trade deal that will reinforce trade ties.  The International Trade Secretary...

Commission moves to double Europe’s semiconductor market share

The European Commission has proposed the Chips Act to overcome semiconductor shortages, bolster Europe’s technological leadership, and double semiconductor market share. On 8 February 2022,...

European Commission proposes digital rights declaration  

The European Commission is proposing the introduction of a digital rights declaration to guide digital transformation in the EU.  On 26 January, the Commission proposed...

Inspiring the cybersecurity experts of the future

WorldSkills encourages young people to learn vital cybersecurity skills by participating in national and global competitions. Innovation News Network spoke...

Staying safe from cyber criminals over key shopping period

The NCSC encourages small retailers to protect their customers from cyber criminals over Black Friday and this key shopping period leading up to Christmas. The...

Addressing cybersecurity challenges in Europe

Willem Jonker, CEO of EIT Digital, discusses the increasing threat of cybersecurity breaches in Europe and what businesses can do to protect their systems...

International summit shows UK support for digital revolution

Technology ministers from across the world come together for the Digital Nations summit and determine steps towards a digital revolution. The UK’s technology minister headed...

Mitigating e-waste with common charger for electronic devices

The European Commission has proposed a common charger for electronic devices in efforts to alleviate the growing burden of e-waste.

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.