Last updated: 9 months ago

Definition for Digital Economy

For the term “digital economy” the SDIA accepts the definition of the Eurofound (Eurowork, “Digital economy,” 2017)

Eurofound defines digital economy as

When applied to social systems or organisations, digitalisation refers in a broad way to the transformation brought about by the widespread adoption of digital technologies (robotics, machine learning, sensors, virtual reality and so on). When applied to specific pieces of information, digitisation refers to the process of converting them into a digital form that can be processed by a computer (or vice versa): it can be seen as a driver of digitalisation and encompasses actions performed through technologies, such as sensors, 3D printing or augmented reality and virtual reality.