Digital economy past and future

What can we imagine under term digital economy? Digital economy is in root based on computer technologies and often is also called as Internet Economy, New Economy and Web Economy.

Beginnings of digital economy emerged in United States of America after invention of internet, specifically internet protocol suite TCP, IP. First public internet networks started in 1989 and 1990 in some American cities. Since this time internet has had immense effect on every aspect of our lives. It changed everything, how we perceive world, how we communicate, how we shop and created infinity possibilities for new businesses and global economy.

We are shifting from processing atoms to processing bits. Digital economy provides a global platform in which people and organizations utilize into businesses, interactions, communication, collaboration, knowledge and search for information.

Technology is one of the most significant factor of how our civilization progress. There are technologies that bent the curve of our history. Inventions such as steam engine, agriculture, money were always followed by increased global population and production. What steam engine did for physical work, computers did to mental work.

We are now still at the beginning of digital era and many inventions are in front of us. As Eric Schmidt commented on development of digital industry in the book The Digital Economy: “Who could have seen the way open platforms like the Web would transform nearly every part of our society and economy? That the power of networking would redefine collaboration and leadership, expanding both humanity’s productivity and its potential? That technology would suddenly begin to uproot major industries and challenge the power of incumbents? Who could have possibly known all that? It is transforming science and education, slowly but surely spreading knowledge and strengthening education worldwide. And it’s even changing the way governments those hidebound bureaucracies interact and deliver services to their citizens.” This era will bring many positive things, more freedom and bounty.