Work

Digital technologies

Year: 2024

Type: article

Abstract: This paper introduces digital technologies and their economic properties. Specifically, it summarizes the main technological and economic characteristics of key digital technologies, including the Internet of Things (IoT), Artificial Intelligence (AI), Blockchains, Cloud Computing, and Data Analytics—collectively referred to as IABCD or the “digital technology” framework for short. A main technological characteristic is the interconnectedness of digital technologies to unleash their potential. The economic properties of IABCD primarily include cost reduction, network effects, economies of scope, innovation facilitation, resource sharing, and others.

Source: Journal of Digital Economy

DOI: 10.1016/j.jdec.2025.02.001

Authors: Hongjun Li, Qinglingzi Li, Zhihao Xu, Xinyi Ye

Institution: Tsinghua University

Language: English

Topic: Digital Economy and Transformation

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $500