We accept

The Economic Crisis Through Digital Economy Information Technology Essay

Already a circulated matter which sets thoughts traders and businessmen, the economic crisis seems to be invincible. The dealing with and minimizing the consequences exerted at the microeconomic and macroeconomic level are still difficult for economists, both globally and nationally. Actually, today we are at the confluence of two crises: the first (short term) but there is a second economic problems in the long run, which is approximately the changing business climate.

Following studies carried out internationally, it was concluded that these two crises have in common any particular one possible solution is to develop the digital current economic climate. Digital economy regarded as a new market is the effect of coexistence of personal computers, Internet, telecommunications, consumer electronics and their lasting development. The development toward digital systems integrated values pose a fresh life routine of e-business. This new style of economy is characterized by several features quite different from traditional market.

First, new current economic climate reveals new market and business models (e-business, E-commerce, e-banking, etc. ) achieved through the intranet and the Internet, bringing a radical change in their efficiency, to reduce the cost. Lately, electronic business (e-commerce) has emerged as the concrete form of realization of business, also relating to the definition of sui generis marketplaces scientific knowledge, driven by an extremely growing research and development sector.

Second highlight the application needs of consumers and their a lot more active engagement in design, implementation and use of goods and services from early stage research and development. Within the light of the realities, the new economy is non-interactive, participatory, thus obtaining a more rigorous interaction between supply and demand, with time and space. Thus the buyer is without the data, the main advancement pawn. It really is he who offers ideas for innovational manufacturer, who must maintain and extend marketplaces, increase comfort and offer sustainable economical development.

Third, we talk about competition and cooperation, two inseparable edges of the digital market (taking account of the connection between source and demand, above). Types of manifestation of competition between suppliers suffer scheduled to temper consumer transformation, how it perceives and decides a product or service name of the maker at the trouble, making vital cooperation between producers. All these business lead to the creation of exclusive organizations to be achieved exploitation of business opportunities by showing resources (skills, cost and market access).

Lastly, the most fragile of the economy, that is on a power higher than design work. But as in anything less enjoyable there a good part, we see that the advantage of creating new jobs that require highly skilled.

Digital economy is undoubtedly more advanced than the wider economy. This is given its financial effects, namely reducing resource utilization, increased innovation and entrepreneurial spirit, increase productivity, quickness change production and monetary phenomena and techniques, increasing value added, etc. The word digital economy refers to the transformation stated in the financial activities caused by the utilization of information and communication technology (ICT), which provides access, information control and storage in a low-cost time low.

Antithetical on the old economy growth was powered by mechanization of creation, particularly processing and agriculture, and the new overall economy, a promoter of development is generally digitization (using it to create and disperse goods and services) and specifically, using the Internet and other information technology (smart credit cards, voice-based computing, wireless, directories, telecommunications and expert systems) in the service sector, which encompasses 80% of jobs. Information technology revolution has transformed practically all industries and is the main developer of economic efficiency and production growth, living expectations, the customization of products and services to meet specific needs and desires. So on this evolving digital market is developing an increasingly see knowledge as fresh material of monetary activity currently surviving in a knowledge revolution. This trend means a fundamental change and transformation processes based overall economy almost specifically on natural resources throughout the market based mainly on knowledge. Based on this revolution is the decisive role that the knowledge they have acquired in recent years, increased economic need for information technology, business processes, individual capital, features and firm skills - knowledge related to organic factors.

The exponential growth of mobile marketing communications and the number of Internet users, the contribution of the ICT sector (ICT) to economic progress and job creation, restructuring of companies and business generally speaking to better reap the benefits of new solutions, accelerated development of electronic digital business and the essence of the digital market - helping the move to a knowledge-based population. It offers the most appealing prospects for overcoming the turmoil and stop efecto cultural exclusion, but require interpersonal protection systems to become more active, provide bonuses for work, ensuring sustainable old age system for elderly people and a stable environment the move to knowledge-based market can be run.

SMEs - the mainly pawn

In order to attain the digital current economic climate should concentrate on using technology within businesses, both in conditions of Exeter and the surroundings as it pertains to the firm's external environment. It really is understandable that the field would have the biggest Benefits after buying technology - the SME sector. Need for SMEs can be seen in their influence on the main areas of life inhabitants of an area and the amount of monetary development. Thus, the value of SMEs is based on reality pursuing:

- supplies the largest supply of goods and services for a land in a modern society;

- is the key distributor of value added in economical sectors that have purpose,

- offers most jobs;

- solid level performance impact their state and the performance of nationwide economy and standard of living of the populace.

In the countries of Central and Eastern Europe, wanting to become claims with adult economies, the SME sector is considered the pillar aiding the overall economy. "Typically, 99. 7% of companies present in the 27 EU countries, creating more than two thirds of total job and 60% of added value, " said Helge Boschenbroker, director of the Zeb/rolfes. schierenbek. affiliates and author of Serving SMEs by bankers in CEE. "

Information and communications technology, with electronic digital trading systems offer benefits in increased turnover after business procedures. Copy documents via existing network and computer network within the business escalates the efficiency of the economic process in conditions of documentation, data processing and other administrative functions. Also in the SMEs, ICT and communications applications in this field may be the company considerably faster and may bring value and management company offering its performance.

Using advanced ICT systems, such as being ERP (Enterprise Source Planning) and KMS (Knowledge Management System) allows enterprises to store, disperse and use their knowledge and know-how.

For example, databases with a history of clients raise the flexibility and support distributed by professionals and employees to customers.

Regarding the internal environment of enterprises, the web and electronic commerce, offers significant potential in reducing transaction costs and time. If the sort of B2B business, digital technology reduces the information asymmetry between potential buyers and suppliers provided. Actually, adoption of electronic digital commerce will certainly reduce costs of copy; increase transaction quickness and superior build business interactions.

Prerequisites for contribution in a digital economy will be the option of accessible ICT with reasonable price and potential to use them. Currently, you may still find many people who can not benefit completely from the opportunities provided by ICT because these prerequisites are not met.

Using ICT in SMEs is important financially. E-business idea is vital when discussing ICT, but refers to accessing, providing and posting information in the systems business, ie making business into advanced digital overall economy.

Although companies today continue steadily to use cost benefits by using ICT, ICT is increasingly named an important tool for invention and revenue progress. New services and new means of working in networks of value happened. Competition between businesses is conducted in new ways and assistance lies in their work. Knowledge-intensive activities have grown to be more important. Companies are progressively focused on their center competencies and outsource processes such "non-core business. "

Currently, almost all world countries have adopted proactive policies goal to create an environment conducive to lasting development information and communication systems (ICT) especially that between developed and growing or poor countries has generated a digital difference (Digital Separate). Romania, like other appearing countries, is faced with the sensation known as the digital gap, that distance that exists used of ICT in organizations, between different levels of modern culture in the country to other countries. Digital divide notion is closely related to information world theory. Using these indication researchers assessed the level to which certain segments of the population can take part in the information population.

The distance is caused by social and financial inequalities between groups that influence access to digital information. These dissimilarities or inequalities arising from operating knowledge of pcs and technology use by those present on the labor market and the marginalized, abundant and poor, young and old.

No question that the existing economic turmoil digital separate, in conditions of Romania, to provide a surge. As the current economic climate continues to be in crisis compared with other EU countries, distinctions in adoption and development of ICT will continue to increase. Finally it's possible for Romania to face a new turmoil, an emergency of e-accessibility, but only when no options are taken to support the adoption of ecological ICT

More than 7 000 students trust us to do their work
90% of customers place more than 5 orders with us
Special price $5 /page
Check the price
for your assignment