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Effects of Digital Convergence on Contemporary Economies

원문정보

Maqbool Ahmad, Sang Tae Kim, Dae Wan Kim, Hyun-Sook Ahn

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초록

영어

Digital convergence and its importance to contemporary economies is undeniable. What does it mean to be a digital economy? This question is a big challenge to answer digital convergence disseminates new business models and brings about substantial changes across industrial activities worldwide. Convergence is becoming as a hot issue within the Information Technology (IT) industries. Several benefits come from converging communication networks, like increased productivity, reduction of transaction costs and a valuable impact on economic growth. Digital convergence of various industries has created new business opportunities. The net benefit of digitalization on a global basis could surpass $100 trillion by 2030. Industrial digitalization and internet access are projected to experience exponential growth. The digital economy is expected to grow from 15.5% to 24.3% of the global GDP by 2025. Digital technologies' long-term return on investments is 6.7 times more than that of non-digital investments. This study provides a look at digital convergence and its economic implications.

목차

Abstract
1. Introduction
2. Overview of digital convergence
3. Theoretical background
4. key notions of digital convergence
4.1 Network Convergence
4.2 Services Convergence
4.3 Regulating Convergence
4.4 Economic Convergence
4.5 The Digital Spillover
5. Future opportunities and challenges of the digital economy
6. Conclusion
References

저자정보

  • Maqbool Ahmad Department of Digital Convergence Business, Yeungnam University, South Korea
  • Sang Tae Kim Department of Visual 2Communication Design, Yeungnam University, South Korea
  • Dae Wan Kim School of Business, Yeungnam University, South Korea
  • Hyun-Sook Ahn School of Computer Science and Engineering, Kyumgpook National University

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