What Is A Digital Economy? This Is A Benefit For Everyday Life

Illustration of the digital economy (Unsplash/Bastian Riccardi)

YOGYAKARTA - The development of the times has brought changes in activity and technology in various fields, one of which is the economy. Economic activity has now transformed into a digital economy.

The digital economy has made all daily activities more practical and efficient. All forms of economic activity can now be done online or through digital platforms. The digital economy provides many conveniences that open up many business opportunities.

Almost all internet and gadget users prefer digital economy transactions to conventional economies. Now everyone can sell and buy a product through a digital platform. In addition, money storage to credit can be done online.

A general understanding of the digital economy is economic activity that uses internet assistance and is supported by artificial intelligence or AI (Artificial Intelligence). The digital economy is the transformation of economic and business activities in the whole community.

The digital economy has brought useful and progressive changes. This era has filled all daily and business activities that can be carried out easily and quickly.

Prior to the existence of the digital economy, financial activities were carried out over longer periods of time and higher costs. Activities operated manually using human hands, now have an automatic system.

For example, in the past, business people had to have physical stores or rent a kiosk as a place to sell. But now anyone can sell without having to own a kiosk. In addition, in the past buyers and sellers had to make transactions offline, now transactions can be made online.

There are several benefits from the digital economy for everyday life. Before this era, the following life had never existed.

Widely Disseminate Information

The presence of the internet creates information dissemination without knowing boundaries. The Internet has accommodated the interconnection of people from all regions to various parts of the world.

That way internet users can seek more information and spread it widely. This plays an important role in the efficiency and smooth running of the seller's business and the convenience of the buyer.

More Cost Savings

Another benefit that can be felt the most from the digital economy is cost-effective. In this era, business people or companies can save their budget more easily because of various facilities. Businessmen do not need to buy buildings or rent kiosks.

In this era, business people can carry out their business activities via the internet. In addition, the digital economy also allows companies to cut retail aspects and send goods according to customer needs. This system allows production costs to be reduced lower.

Save more time

The digital economy also benefits in terms of time. Before entering this era, the process of producing goods to delivery. Now the production process of goods has reduced human labor and is replaced by a system. Payment and delivery activities can be more practical so that it is time-consuming.

The digital economy in several industrial sectors is able to be a solution to existing constraints or obstacles. This era allows everyone to create innovative and interesting new ideas, and reduce traditional ways that are old or underdeveloped. Companies in today's era have also provided new services that facilitate daily activities.

That is the explanation of the digital economy and its benefits in everyday life. There are many examples of the digital economy, ranging from the fields of transportation, health, banking, business, social, and so on. The era of the digital economy opens up opportunities for anyone to work and innovate.

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