This study shows the transition from the industrial revolution to the digital revolution. The continuous flow of information and the rapid development of technology in today's times affect many aspects of our everyday life and in particular the economy, the consumer goods and in general the marketplace. These significant facts lead to the Digital Economy or the New Economy and the Information Society. The effects of the Information Society and the Digital Economy have become visible in Greece, even with a time delay.
The Digital Economy refers to an economy that is based on digital technologies, including digital communication networks and other related information technologies. The Digital Economy is sometimes called the New Economy or the Internet Economy. In this new economy, digital networking and communication infrastructures provide a digital global platform over which people and organizations interact, communicate, search information and collaborate.
The technological dynamics of the digital age continue to impact the decisions of firms. If we consider in more detail the Digital Economy, we can tell that the Digital Economy shows where technological dynamics are emerging and where more traditional patterns seem to be holding. Moreover, we have to examine the policy implications of the rising Digital Economy. The digital economy is creating a unique business culture in our technological society. In the end, we must pay attention to some central topics such as new ways of organizing, the importance of vision and trust in e-commerce.
Table of Contents
1. Digital Economy
1.1 Defining the Digital Economy
1.2 The steps of development of Digital Economy
1.3 Explaining the importance of Internet
1.4 The European Digital Economy
1.5 The Chinese Digital Economy
1.6 The Indian Digital Economy
1.7 Prevailing trends in profits and the indices of various shares in Information Technology
1.8 The use of information in the production process
1.9 Digitized Information
1.10 The Effects of Digital Economy
1.11 Management of Organizations in the Digital Economy
2. Differences between the Traditional and New Economy
2.1 The current Greek reality
2.2 Comparison of the New Economy with the Current Economy
2.3 The thorny sides of the New Economy
2.4 Risks that lie behind the Digital Economy
2.5 Malicious Software (Malware)
2.6 Phishing
2.7 Indentity theft
2.8 Pirated Software
2.9 Description of the economic environment
3. Some first conclusions about the new or digital economy
3.1 What is required for the Digital or New Economy
3.2 The New Economy is a Knowledge Economy
3.3 The New Economy is a global Economy
3.4 What is the future of the New Economy?
3.5 Some last conclusions about the Digital Economy
4. The basic features of Electronic Commerce (eCommerce)
4.1 Classification of Electronic Commerce into specific categories
4.2 Electronic Commerce in Greece
4.3 What may be the future of e-business in Greece?
4.4 Some last conclusions about Electronic Commerce
4.5 Connecting Digital Revolution with E-Commerce
5. Digital Gap – A big challenge for the Digital Economy
6. Conclusions
Research Objectives and Themes
This study conducts a scientific investigation into the structural transition from the industrial revolution to the digital revolution, focusing on how information flow and technology development impact modern economies. The primary objective is to analyze the emergence of the "Digital" or "New Economy," its characteristics, the shift in business culture, and the resulting challenges, specifically regarding security and privacy.
- The evolution and definition of the Digital Economy and its global development.
- Critical analysis of the transition from traditional to new economic models.
- Examination of cybersecurity threats, including malware, phishing, and identity theft.
- Assessment of electronic commerce (eCommerce) adoption, business models, and the "Digital Gap."
- Case studies on the digital economic landscape, with specific attention to the Greek context.
Excerpt from the Book
2.6 Phishing
Phishing is the fraudulent attempt to obtain sensitive information such as usernames, passwords and credit card details by disguising as a trustworthy entity in an electronic communication. Typically carried out by email spoofing or instant messaging, it often directs users to enter personal information at a fake website, the look and feel of which are identical to the legitimate site.
Vishing is the telephone version of phishing, or a voice scam, designed to trick victims into sharing personal information, such as PIN numbers, social security numbers, credit card security codes, passwords and other personal data.
Spear phishing is an email or electronic communications scam targeted towards a specific individual, organization or business. Although often intended to steal data for malicious purposes, cybercriminals may also intend to install malware on a targeted user’s computer.
Pharming is another scam where a fraudster installs malicious code on a personal computer or server. This code then redirects any clicks you make on a website to another fraudulent Website without your consent or knowledge.
Chapter Summaries
1. Digital Economy: Explores the fundamentals of the IT revolution, defining key concepts and tracing the development of the Digital Economy globally and within specific nations.
2. Differences between the Traditional and New Economy: Analyzes the structural shifts, risk factors, and security challenges, such as malware and fraud, that distinguish the new economy from traditional models.
3. Some first conclusions about the new or digital economy: Provides early assessments of the New Economy, highlighting its knowledge-based, global nature and identifying the requirements for its sustained function.
4. The basic features of Electronic Commerce (eCommerce): Discusses the emergence of eCommerce as a primary distribution channel, classifying business models and examining the specific landscape for e-business in Greece.
5. Digital Gap – A big challenge for the Digital Economy: Addresses the socioeconomic disparity created by the unequal adoption of new technologies between developed and developing nations.
6. Conclusions: Synthesizes the study’s findings, emphasizing the importance of trust, vision, and new management approaches in the ongoing evolution of the technological society.
Keywords
Digital Economy, Information Society, Information Technology, Internet, Electronic Commerce, Business Models, Cybersecurity, Malware, Phishing, Identity Theft, Globalization, Knowledge Economy, Digital Gap, E-business, Innovation
Frequently Asked Questions
What is the core subject of this research?
The research explores the systemic transition from the industrial revolution to the digital revolution, focusing on how technological advancement reshapes global markets, business organizations, and consumer interaction.
What are the primary thematic fields covered?
The book covers the definition of the Digital Economy, comparisons with traditional economic models, the rise of electronic commerce, cybersecurity risks, and the emergence of the "Digital Gap" between nations.
What is the main goal of this study?
The goal is to provide a detailed critical analysis of the Digital Economy, explaining how humans and technology interact to create a new economic era while addressing necessary skills and security considerations.
Which scientific methodologies are utilized?
The study employs a critical analysis of existing economic data, comparative research regarding different technological environments, and an evaluation of industry-specific reports (e.g., IDC, Symantec, US Department of Commerce) to assess digital trends.
What topics are discussed in the main body?
The main body focuses on the infrastructure of the Digital Economy, the management of organizations in this era, the specific risks of malicious software and fraud, and the evolution of electronic commerce models.
How can this work be described using keywords?
The work is characterized by terms such as Digital Economy, Information Technology, eCommerce, cybersecurity, and global economic development.
How does the author categorize different types of identity theft?
The author categorizes identity theft into two primary types: "true-name" theft, where a thief uses personal information to open new accounts, and "account-takeover" theft, where the thief gains access to an existing account.
What distinction does the author draw between the Industrial and Digital Eras?
The author distinguishes the eras by their operational features: the Industrial Era relied on chain-of-command, vertical communication, and control, whereas the Digital Era prioritizes co-operation, horizontal communication, and knowledge networking.
Why is the "Digital Gap" considered a significant challenge?
The Digital Gap is viewed as a critical challenge because it reflects the divide between developed and developing nations, potentially hindering global economic and social progress if new technologies are not equitably accessible.
- Citation du texte
- Serafeim A. Triantafyllou (Auteur), 2011, Digital Revolution, Digital Economy and E-Commerce Transforming Business and Society. The Transition from the Industrial Revolution to the Digital Revolution, Munich, GRIN Verlag, https://www.grin.com/document/470122
