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Blockchain
Published in Vinay Rishiwal, Sudeep Tanwar, Rashmi Chaudhry, Blockchain for 6G-Enabled Network-Based Applications, 2023
Iram Naim, Ankur Gangwar, Ashraf Rahman Idrisi, Pankaj
Digitalization affects or at least can have a very strong effect on certain industries, user preferences, consumer desires, business models, competition, and economies. Yet digitalization also provides possibilities for streamlined systems, new digital goods and services, and new business models powered by data. But the established business practices are no longer sufficient, as in the energy industry [48]. This business is at the cutting edge of several disruptive changes. The elevated ratio of clean energy and decentralized power production results in higher volatility and wider distribution (distributed energy consists of a range of smaller-scale and modular devices along with storage devices designed to supply energy to customers in the vicinity). The cycle with electricity as a product is done. Consumers deserve to be involved and want producers to take care of their particular preferences and beliefs.
Integrating Digital Transformation Strategies into Firms: Values, Routes and Best Practice Examples
Published in Pedro Novo Melo, Carolina Machado, Management and Technological Challenges in the Digital Age, 2018
Mirjana Pejić Bach, Mario Spremić, Dalia Suša Vugec
The new business models and markets, as well as goods and services, especially those based on digital technologies as their basic business infrastructure, could be placed under the umbrella term digital economy. This term was coined by the American scientist and visionary Don Tapscott in 1995 when he published a book called The Digital Economy: Promise and Peril in the Age of Networked Intelligence. The digital economy concept is based on the following principles: (1) integration and simultaneous application of different, independently developed technologies and exploitation of their benefits, (2) integration of progressive business concepts, (3) use of digital business platforms, (4) use of successful digital business models and (5) digital leadership, which is based on entrepreneurial organisational culture, innovativeness and new value creation (Spremić, 2017). The most important factor of the digital economy is digital technologies, which are intensively used in the digital economies’ process of innovation, creativity and new value creation. They refer to the use of digital resources (technologies, tools, applications and algorithms). Digital technologies enable efficient discovery, analysis, creation, forwarding and use of digital goods in a digital environment (Spremić, 2017).
Traditional and New ICT Spending and Its Impact on Economy
Published in Journal of Computer Information Systems, 2022
Nuša Erman, Katarina Rojko, Dušan Lesjak
The ICT-based innovations could change the present and future performance of organizations and the whole industry, since ICT and ICT-based innovations are found to be strategic resources.4 In this sense, the economy should strive to the shift from “digitalized economy,” the concept defined as “that part of economic output derived solely or primarily from digital technologies, with a business model based on digital goods or services,”5(p1) to “new digital economy”, which in addition to traditional digital technologies (i.e., Internet, hardware, software and telecommunications networks) represents the combination of new tools that incorporate also the components of traditional technologies.6,7 More specifically, the concept of digitalized economy consisted of “the digital sector plus emerging digital and platform services.”5(p1) and refers to the use of ICTs in all economic fields. What is “new” in the concept of new digital economy is the incorporation of new digital technologies, which include Internet of Things (IoT), Robotics & Drones, Augmented Reality/Virtual Reality (AR/VR), Artificial Intelligence (AI) and 3D printing.6