Prospects of a Digitized Economy in the Globalized Era
Year: 2024
Type: article
Abstract: In the Globalized World, the Digital Economy has advanced with a good growth rate. The purpose of this research is to identify the scope and relevance and critically evaluate the business prospects, with the emergence of the Internet of Things, Digital Goods & Services, try to understand the scope of international employment, GDP Apprehension and growth in the economy and find out the new innovations and inventions in this field. Also, the successes and problems of this system like pricing, poor quality of data & rules, and regulations of different countries. The Digital Economy creates direct and online connectivity with people through business by providing numerous benefits in return like expansion of productivity and reduction of costs in business and reaching to a great extent. It gives greater convince in homes and business. The world economic forums forecast that in coming years in the world of globalization, almost 70% are business models will be based on the digital economy. It will shape the people in their living and work. The transformation of work will be done through Artificial Intelligence and machine learning, innovation in the healthcare sector already adapting in hospitals. The businesses are streamlined by using this Technology. It has made the world the one market.
Author: Dr. Ekjot Kaur
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6949604082
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