Digital economy

Written by: Engineer Ismail Babiker
The digital economy is defined as the activity resulting from daily communications via the Internet, and its backbone is hyperlinking, which means the increasing connection and interconnection between people, institutions, machines, mobile technology, and the Internet of Things, and it is generally a perception of the activity sector.
Economic activities related to digital technology. These activities are based on classic or
modern economic models such as web models. Its application depends on multiple dimensions, the most important of which are:
The widespread and rapid spread of the Internet, which has allowed various people and businesses to explore the world and conduct multiple and complex business operations at the same time, enabling people to buy everything they want from anywhere in the world and quickly.
Time without having to go to shopping stores directly through e-commerce
It is an economy that relies primarily on a system that is driven and organized by knowledge, the spread of information, and the control thereof. Companies purify human talent and qualified human capital, and in its distinctive role, it is able to give employees a greater opportunity for change.
Today’s digital economy is characterized by technologies that were unknown at the time of its emergence
As a concept, including access to fixed broadband at a speed of tens of megabits per second, mobile broadband, smart phones and their applications, interactive networking sites, social sites, participatory platforms, cloud computing, and the Internet of Things. These technologies embody the potential emerging from the networked power of the digital economy and its ability to redefine collaboration and leadership, raise human productivity, begin the elimination of many industries and challenge the power of incumbents. This has become a reality in most countries.
Developed and emerging countries, which affects their growth and development potential.
The digital economy is at the forefront of public policy discussions in many countries, mainly developed countries. This interest has not only arisen from the tremendous growth in technologies, with nearly half of the world’s population having access to the Internet and 80% of citizens of OECD member countries. To fixed or mobile broadband, but because these
Technology is sweeping the world of economics, from retail through e-commerce, to transportation, such as autonomous vehicles, education such as the large number of open classes available on the Internet, health where electronic files and the personalization of medicine, social interactions and personal relationships.
National digital plans are crucial to achieving the economic and social growth necessary to achieve the sustainable development goals, and these plans are the most important forms of strategic and political support in order to enable the digital economy to reach its full potential. This is achieved by: raising the share of ICT goods and services in total value added and trade at the global level and redirecting it
Sanctioned capital and other financing instruments to support the key sector of the digital economy (i.e. the ICT sector), universalize broadband access and improve its quality, and increase the use of ICT by businesses, individuals and governments to create services, products and business models that stimulate economic growth and social benefits.

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