Home

Abstract: The horizon for an universal standard of cyber-economics, digital transaction finance, administrative electronic bigdata on the internet and intranet, and paperless digital works for international business throughout the world.

Introduction:

The digitization of the economy is one of the most critical issues of our time. Digital technologies has transformed businesses and peoples life, and will continue to do so in the future. Here it is about digital economics and how the digital economy influences markets, the digital society and organizations. We learn about how Internet, sharing economy, social networks, BigData and mobile communications change global businesses and how to create value for humans and enterprises in the digital society.

Basic grasp consists of two parts:

1) Basic theory in digital economics, including: value creation models, digital business models and market regulations.
2) Digital economics in context, and how the digital economy influences societies, environment, poverty, privacy, strategy, financial operations and city development.

Visitor to this site gain:

A. Knowledge:
1) To get knowledge in digital economics.
2) To get knowledge on how the digital economy influences its surroundings.

B. Skills:
1) To perform an analysis of a value network.
2) To perform an analysis and to construct a business model.
3 To be able to write an independent program within a specialized interest using their skills in Data Science or BigData.

It is of little wonder that four of the five most valuable companies on the planet today specialize in information processing (Apple, Alphabet, Microsoft, and Facebook), while the fifth (Amazon) leverages data in the very heart of its business model. For those practicing management, the concept of “digital economics” evokes the inter-relationships between data, business value and managerial decision making.

One of the defining characteristics of modern economies is that value is an attribute of user experience rather than a supplier’s products or services. The globalization of value chains pushes economic agents towards more profitable activities, both upstream and downstream of production. If expert foresaw that modern enterprise would move from assembling products to aggregating services, others underlined the subsequent shift of business value from organizational services to customer experiences. Value today is seen as a synonym of the quality of our consumer experience, whether it be in leisure time or professional activities. At the heart of our perceptions is data in context, which we use to quality our physical, augmented, or virtual realities.

Data is a proxy of these human experiences. Though data is nothing new, it is increasingly ubiquitous — more data will be created this year than in the previous 5000 years of recorded history. Data is at the heart of the Fourth Industrial Revolution — advances in internet technologies and business analytics are the current foundations of sustainable competitive advantage. Digital strategies stretch beyond websites to an Internet of Things designed to capture consumer preferences, actions, and motivations. If data has no intrinsic value, our ability to transform data into individual and/or collective action has become the fulcrum of both business and society.

The ubiquity of data has changed the way we look at value. Data isn’t collected to simply describe physical objects, but to feed multi-purpose algorithms that condition the way we model the world around us. Data Science is less concerned with what we do (descriptive) than what we could (predictive) or should do (prescriptive analytics). Business information systems are no longer designed to track tangible goods, but to provide horizontal platforms that leverage the intangible assets of what we as consumers have, know, and do. Data isn’t just data, it has become the lifeblood of modern enterprise.

The lessons of digital economics cover much more than a review of hardware, software, and automation. Digital technologies don’t magically produce decisions that transform data into action, people do. Some researchers work on Prospect Theory has provided a powerful demonstration of how human bias and perception influence how we look at the data. Machine learning at best can contribute to our perceptions of value. Data Science involves understanding the nature of the problem to be solved, the quality of the data at hand, applying the appropriate methodologies, and transforming the data into action. The impact of digital economics won’t depend on producing more data, but on promoting the quality of human decision-making.

created and under developed for all nations by

Professor Dr. David A. T.  P., Ph.D., Sc.D., Sophy Investments

A homepage section

This is a  homepage section, including the page that shows your latest blog posts.

created and under developed for all nations by

Professor Dr. David A. T.  P., Ph.D., Sc.D., Sophy Investments

About

The New Initiative on the Digital Economy

The digitization of the economy is one of the most critical issues of our time. While digital technologies are rapidly transforming both business practices and societies and are integral to the innovation driven economies of the future, they are also the core driver of the great economic paradox of our time. On one hand, productivity, wealth, and profits are each at record highs; on the other hand, the median worker in America is poorer than in 1997, and fewer people have jobs. Rapid advances in technology are creating unprecedented benefits and efficiencies, but there is no economic law that says everyone, or even a majority of people, will share in these gains. While technology is advancing rapidly, organizations and skills advance slowly. What’s more, the gap between swiftly evolving technology and the slower pace of human development will grow quickly in the coming decades, as exponential improvements in artificial intelligence, robotics, networks, analytics, and digitization affect more and more of the economy and society. Inventing effective organizations and institutions for the digital economy is the grand challenge for our time, and for our e-nations in particular.

The Initiative for the Digital Economy
The Initiative on the Digital Economy (IDE) is a major effort addressing the impact of digital technology on businesses, the economy, and society. Drawing upon all nation’s strengths in technology and innovation, its internationally recognized economics specialists, and over a decade of research and partnership with Academic Centers for Digital Business, the new Initiative will analyze the broad sociological changes brought about by digital technology. Many of the key issues are described in a recent book by scholars and professors in these works, Race Against the Machine – How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy. In the book, they outline the relevant issues the new initiative will address, as follows:

  • Productivity, Employment, & Inequality – How can we accelerate the transformation of institutions, organizations, and human skills to keep up with the quickening pace of digital innovation?
  • New Digital Business Models – What new business models are made possible by digitization and how can entrepreneurs more quickly implement them in ways that create widespread benefits?
  • Big Data – How can we harness the remarkably fine-grained, real-time data now available to answer age-old questions and identify new opportunities?
  • Education in the Digital Economy – Can education be made more effective by taking a digital approach?
  • Technology & Innovation – What technologies and innovations will drive our economies in the future?
  • Impact of Automation on the Economy and Society – Can automation bring manufacturing jobs back to America? What new jobs and skills will be needed as digitization becomes more pervasive?
  • The Economics of Information – How do the economics of digital industries differ from traditional economics? What new business models are possible? What are the implications for competition, innovation, incentives, and consumer welfare? What rules will maximize welfare and what is the appropriate role of government and other institutions?

 

WE at e-nations.com, with its tradition of combining rigor and relevance, is uniquely qualified to lead intellectually in this area and, indeed, has a responsibility to do so. Embracing the missions of Sophy Investments, to bring knowledge to bear on the world’s great problems, and the smart cybercity’s mission, to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice, this Initiative has three main goals:

  • To rigorously analyze the potential of digital technologies to transform businesses, the economy, and society;
  • To engage specialists, entrepreneurs, corporations, students and faculty in educational programs relevant to the digital revolution, keeping all nations at the forefront of management education and control economy digitally;
  • To make grounded recommendations to industry leaders and policymakers about the digital economy and job growth.

created and under developed for all nations by

Professor Dr. David A. T.  P., Ph.D., Sc.D., Sophy Investments

Blog

Hello world!

Abstract: The horizon for an universal standard of cyber-economics, digital transaction finance, administrative electronic bigdata on the internet and intranet, and paperless digital works for international business throughout the world. Introduction: The digitization of the economy is one of the most critical issues of our time. Digital technologies has transformed businesses and peoples life, and will continue …

Contact

This is a page with some basic contact information, such as an address and phone number. You might also enter your name to add in a contact form.

Select Language