Everything Businesses Need To Know About the Digital Economy
Enterprises are spending more and more of their budgets on technologies and IT infrastructure as they invest in digital transformation. As a result, the “digital economy” — a term used to describe all the economic activity that results from digital technology spending — accounts for 9.6 percent of U.S. GDP, according to the latest statistics. But what is the digital economy, and what are the processes underpinning it?