Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Digital economy: a reality of the 21st century

by August 9, 2022
August 9, 2022
Digital economy: a reality of the 21st century

The advent of digitalization and its implementation in all areas of society has changed both the structure and habits of life.

Obviously, the economy cannot be oblivious to the impact of new technologies in our society. We are talking about the so-called digital economy or the economy that is carried out through the Internet. In this economy, the predominant sector is the media, social networks and web portals.

The positive effects of the digital economy are manifested in countless dimensions, from increased economic activity to improved quality of life in society. The flagship of the digital revolution has been the invention of the Internet, which has made it possible to interconnect the world and drive globalization.

The role assumed by the Internet and other digital technologies in economic activity has not only materialized in the “pure” sectors born in the digital revolution e.g. Google or Facebook, but its impact has gone far beyond.

Technology and the digital era have a major influence on companies offering entertainment services. Online lottery and mobile gaming have boomed in this industry in recent times, taking advantage of constantly evolving technological advances to offer players options wherever they go.

One example of this is the improved payment methods offered by gambling portals in recent years. Paypal and Trustly casinos have an astonishing popularity nowadays. As well as this, you’re now able to play at any time and place without having to move from the comfort of your home with your smartphone.

And in the specific case of the lottery, there is the convenience of buying without having to travel to the administration, without waiting in line and at any time of day. By playing the lottery online, users will not lose the ticket that may be awarded, something that usually happens in the traditional lottery. In addition, the security of users is guaranteed by maintaining their anonymity.

There are plenty of other examples of the current and potential impact of digitalization. Mobile platforms and solutions have facilitated access to education and training, financial inclusion in areas with lower density of ATMs and bank branches.

The use of cloud computing, e-commerce and even augmented reality have improved the performance of the retail sector dramatically. Automation, sensorization and the use of analytics and their integration into the overall operations of manufacturing companies have led to substantial productivity improvements.

And as the number of potential mobile users continues to grow every day, in this day and age, it is rare to find a business that does not have a digital footprint.

In short, all these options are here to stay and their impact on the digital economy will only increase. The future remains promising, even more so with the incorporation of new virtual reality techniques that will bring a greater sense of realism, allowing users to interact as if they were in physical spaces.

Read more:
Digital economy: a reality of the 21st century

0
FacebookTwitterGoogle +Pinterest
previous post
July could be ‘lull before the storm’ for retailers and consumers
next post
The New Deal and Recovery, Part 20: The Phantom Depression

You may also like

Spotify attacks Apple’s ‘outrageous’ 27% commission

January 19, 2024

Reeves’s National Insurance hike prompts firms to consider...

November 18, 2024

Ocado chief blames Reeves’s Budget for rising food...

July 18, 2025

Online health business backed by Freddie Flintoff hits...

January 17, 2023

Nato’s $1bn Fund Backs British Start-Up to Build...

June 19, 2024

Rishi Sunak set to make history as Boris...

October 24, 2022

More American taxpayers are planning to relocate to...

June 4, 2025

Swedish logistics platform Alrik raises €7m to build...

May 28, 2025

Begbies Traynor anticipates continued high insolvency levels into...

July 10, 2024

Twitter traffic sinks in wake of changes and...

July 10, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Earn $8,800 a day in passive income using your smartphone – Siton Mining Launches New Multi-Currency Cloud Mining App for BTC, XRP, and DOGE

      August 24, 2025
    • Trump gave the Oval Office a gilded makeover – and covered the cost himself

      August 24, 2025
    • Trump learns a lesson grounded in faith, how best to stand tough on trade with China

      August 24, 2025
    • Latest Decode Casino Bonus Code Deals You Shouldn’t Miss

      August 24, 2025
    • Israel set to launch Gaza City offensive: High stakes, high costs ahead

      August 24, 2025
    • New RNC chair Joe Gruters vows to ‘ride the president all the way to victory’ in midterms

      August 24, 2025

    Categories

    • Business (8,867)
    • Investing (2,235)
    • Politics (16,474)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved