How can cloud computing impact on digital economy?4 answersCloud computing has a significant impact on the digital economy by revolutionizing business processes and enhancing efficiency. It allows faster access to information, reduces local memory usage, and accelerates operations by utilizing remote capacities. Small and Medium Enterprises (SMEs) stand to gain competitive advantages, increased efficiency, and enhanced national productivity through cloud computing adoption. The integration of cloud technologies in business operations leads to improved company management, optimal decision-making, and increased productivity, ultimately benefiting the international economy. However, challenges such as insufficient awareness among companies and the need for seamless transition to cloud-based solutions hinder the full realization of cloud computing benefits. Overall, cloud computing plays a crucial role in shaping the digital economy by driving innovation, improving processes, and fostering growth.
How can technological innovation impact on digital economy?5 answersTechnological innovation plays a crucial role in shaping the digital economy by driving advancements and that can significantly impact various aspects of economic and social development. Research indicates that the digital economy fosters the transformation of growth drivers, promoting technological innovation capacity and the emergence of new industries. Innovative technologies like artificial intelligence and blockchain accelerate digital transformation, enhancing competitiveness, market renewal, and product quality. The digital economy era influences enterprise innovation behavior, leading to adjustments in managerial decisions and strategic directions, ultimately driving industry optimization and reshaping. Moreover, technology infrastructure, digital lending, and payments impact real per capita income, public health, and education levels, emphasizing the importance of regulatory frameworks for sustainable economic development. Additionally, urban digital economy development enhances enterprise innovation efficiency, particularly in research and development stages, with moderating effects from organizational inertia and entrepreneurship.
What is the impact of the digital economy on the environment and people?5 answersThe impact of the digital economy on the environment and people is multifaceted. The development of the digital economy in China has shown to have a positive effect on environmental quality by reducing environmental pollution. It promotes technological innovation, leading to improved environmental quality, especially in regions like the central and western parts of the country. However, the rapid growth of digital technologies has also increased carbon footprints and ecological consequences globally. On the other hand, the digital economy has contributed to the reduction of urban carbon emission intensity, promoting green transformation and upgrading of cities in China. Therefore, while the digital economy brings benefits such as improved health and environmental quality, it also poses challenges in terms of environmental sustainability that need to be addressed.
What factors influence on digital economy?5 answersThe factors influencing the digital economy include various elements such as socio-cultural factors, technological advancements, and economic indicators. Socio-cultural factors have been found to significantly impact knowledge-based innovation, with digitalization playing a crucial role in mitigating negative effects. Additionally, the digital economy is influenced by factors like the gross domestic product of the tertiary industry, public substation capacity, and R&D expenditure in specific regions like Shanghai, China. Moreover, digital data, technologies, knowledge, and ESG-initiatives are identified as fundamental factors affecting public joint-stock companies and their value creation in the digital economy. Furthermore, the development of the digital economy has shown to have an inhibitory effect on carbon emissions, particularly in the eastern region of China, through technological progress and industrial structure upgrading.
How ai impacts humanity?5 answersAI impacts humanity by changing daily lives, improving efficiency, and raising important public policy questions. It has the potential to perform mundane and complex activities more effectively than humans, leading to positive impacts on people's daily lives. However, the development of AI also raises concerns about human rights, democratic principles, and the risks of biases in digital interactions. AI's impact on society goes beyond its actual capabilities and includes the cultural narratives surrounding it. AI enhances connectivity, coordination, equality, and distribution of control, but also influences callout culture, behavioral manipulation, and trust dynamics. The development of AI technology prompts us to question what it means to be human and what AI will never be able to do. Overall, AI's impact on humanity is multifaceted, with both positive and challenging implications that require careful consideration.
What is the impact of digital economy on economic growth?5 answersThe impact of the digital economy on economic growth is positive and significant. Studies have shown that the digital economy promotes economic growth by enhancing business and governmental performance, leading to overall economic development. The digital economy has been found to have a significantly positive effect on the economic growth of countries along the "Belt and Road". It promotes industrial structure upgrading, total employment, and restructuring of employment, thereby contributing to economic growth. Additionally, the digital economy has business resilience and makes a positive contribution to sustainable economic growth. The impact of the digital economy on economic growth depends on the level of development and the measures of the technologies that capture the digital economy. Policymakers should implement policies that strengthen the physical and technological infrastructures of the digital economy and promote digital empowerment and social equity in accessing digital technologies.