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The world as we see it around us has already started to digitise itself and thus it paves the way towards the formation of the digital age. We cannot stop its rapid progress as it has become unstoppable with the continuous implementation of scientific methods more and more on the daily aspects of our lives. Perhaps, in the future, we have to use more digital methods than physical efforts in order to do something.
How this all-devouring digitisation is changing us? Well, it is doing so by the successful application of science on almost all the aspects of the society. Its impact is welcomed though by the humans. It has changed a lot of things in the society and its present target is changing the economy, as we know it, into ‘digital economy.’ Let us have a look on how the point of finance is being changed by technology.
Digital transaction
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An amazing but already possible fact. Money can be transferred not only from one’s hand to another but from one machine to another. Yes, transaction of money is done nowadays with the help of digital implementation in it. Now payment has been converted to mobile payment where you need not handle money physically.
Replacement of paper
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Paper has been replaced with the help of software. Now, the financial documents and the relevant paperworks regarding monetary matters can be done digitally. In this way the risk of the information being printed on paper - an easily perishable object - can be avoided.
Fascinating e-books
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It is another aspect of digital economy. You need to go to a book store or a magazine outlet to read. Easy and digital transaction of money will allow to purchase, buy and read books in your home using a device such as a smartphone, a tab or a computer. It becomes affordable also.
Music and Videos
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Music and Videos are easily available in the internet. The digital transaction will allow you to purchase an album of songs or a movie to watch whenever and wherever you want to in an affordable way.
Easy access to various other things
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Various other aspects are there in which we use the digital economy such as booking a room in a hotel or a seat in a movie hall. Digital transaction allows you to have the benefits of the banking facilities anytime or anywhere. You need to recharge your mobile phone’s account. Digital economy gives you the opportunity to do that instantly and in an affordable cost.
Personalised consumer support with digital economy
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It is a prominent matter that the consumers are highly benefitted by the digital economy. The aspects of digital economy have not only made financial transaction easier and cost-effective but also have provided ample advantages for the customers. The business sector is benefited by it in a huge extent as it aims to operate through the effective combination of commerce and technology. The digital economy has affected the horizontal and vertical markets in an optimistic way. We have already been elevated in an innovative status with digital economy and increasing its implements will be considered as a healthy decision for both of humankind and the digital economical system.
Budget announces 6 'Next Generation Digital Economy Centres' to get £23m to support innovation, including in creative industries
Posted by Ukie on Wednesday, July 8, 2015
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