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Internet Economy
The digital economy is a portmanteau of digital computing and economy, and is an umbrella term that describes how traditional brick-and-mortar economic activities (production, distribution, trade) are being transformed by the Internet and World Wide Web technologies. It has also been defined more broadly as the way "digital technologies are transforming work, organizations, and the economy." The digital economy is backed by the spread of information and communication technologies (ICT) across all business sectors to enhance productivity. A phenomenon referred to as the Internet of Things (IoT) is increasingly prevalent, as consumer products are embedded with digital services and devices. According to the WEF, 70% of the global economy will be made up of digital technology over the next 10 years (from 2020 onwards). This is a trend accelerated by the COVID-19 pandemic and the tendency to go online. The future of work, especially since the COVID-19 pandemic, also contributed to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Davos 2015 - The Future Of The Digital Economy
Davos (, ; or ; ; Old ) is an Alps, Alpine resort town and Municipalities of Switzerland, municipality in the Prättigau/Davos Region in the cantons of Switzerland, canton of Graubünden, Switzerland. It has a permanent population of (). Davos is located on the river Landwasser, in the Rhaetian Alps, between the Plessur Range, Plessur and Albula Ranges. The municipality covers nearly the entire valley of the Landwasser, and the centre of population, economic activity and administration is two adjacent villages, ''Davos Dorf'' (engl.: Davos Village) and ''Davos Platz'' (Davos Place), which are above sea level. Gaining prominence in the 19th century as a mountain Luftkurort, health resort, Davos is perhaps best known today for hosting the World Economic Forum, an annual meeting of global political and corporate leaders. With its long history of winter sports, Davos also has one of Switzerland's largest ski resorts and hosts the international Spengler Cup, an ice hockey tourna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Mesenbourg
Thomas L. Mesenbourg is an American statistician and economist who was the acting director of the United States Census Bureau from August 12, 2012 to August 8, 2013. Previously, Mesenbourg served as the deputy director and chief operating officer of the Census Bureau from May 2008 until August 2012. He also served as acting director from January to July 2009. Education and career Mesenbourg earned his bachelor's degree in economics from Boston University in 1968 and his master's from Penn State in 1971. He lives in La Plata, Maryland, with his wife, Faith. They have two daughters and one grandchild. Mesenbourg has worked at the Census Bureau since 1972. He became chief of the Economic Census Staff in 1986 and was responsible for the planning and processing of the 1987 United States Census of Agriculture and 1987 United States Economic Census. He became chief of the Economic Census and Surveys Division in October 1991, directing the planning and processing of the 1992 Census of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dell
Dell Inc. is an American technology company that develops, sells, repairs, and supports personal computers (PCs), Server (computing), servers, data storage devices, network switches, software, computer peripherals including printers and webcams among other products and services. Dell is based in Round Rock, Texas. Founded by Michael Dell in 1984, Dell started making IBM IBM PC compatible, clone computers and pioneered selling cut-price PCs directly to customers, managing its supply chain management, supply chain and electronic commerce. The company rose rapidly during the 1990s and in 2001 it became the largest global PC vendor for the first time. Dell was a pure hardware vendor until 2009 when it acquired Perot Systems. Dell then entered the market for IT services. The company has expanded storage and networking systems. In the late 2000s, it began expanding from offering computers only to delivering a range of technology for enterprise customers. Dell is a subsidiary of Dell ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microsoft
Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The early 1980s and home computers, rise of personal computers through software like Windows, and the company has since expanded to Internet services, cloud computing, video gaming and other fields. Microsoft is the List of the largest software companies, largest software maker, one of the Trillion-dollar company, most valuable public U.S. companies, and one of the List of most valuable brands, most valuable brands globally. Microsoft was founded by Bill Gates and Paul Allen to develop and sell BASIC interpreters for the Altair 8800. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Windows. During the 41 years from 1980 to 2021 Microsoft released 9 versions of MS-DOS with a median frequen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intel
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and Delaware General Corporation Law, incorporated in Delaware. Intel designs, manufactures, and sells computer components such as central processing units (CPUs) and related products for business and consumer markets. It is one of the world's List of largest semiconductor chip manufacturers, largest semiconductor chip manufacturers by revenue, and ranked in the Fortune 500, ''Fortune'' 500 list of the List of largest companies in the United States by revenue, largest United States corporations by revenue for nearly a decade, from 2007 to 2016 Fiscal year, fiscal years, until it was removed from the ranking in 2018. In 2020, it was reinstated and ranked 45th, being the List of Fortune 500 computer software and information companies, 7th-largest technology company in the ranking. It was one of the first companies listed on Nasdaq. Intel supplies List of I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fourth Industrial Revolution
"Fourth Industrial Revolution", "4IR", or "Industry 4.0", is a neologism describing rapid technological advancement in the 21st century. It follows the Third Industrial Revolution (the "Information Age"). The term was popularised in 2016 by Klaus Schwab, the World Economic Forum founder and former executive chairman, who asserts that these developments represent a significant shift in industrial capitalism. A part of this phase of industrial change is the joining of technologies like artificial intelligence, gene editing, to advanced robotics that blur the lines between the physical, digital, and biological worlds. Throughout this, fundamental shifts are taking place in how the global production and supply network operates through ongoing automation of traditional manufacturing and industrial practices, using modern smart technology, large-scale machine-to-machine communication (M2M), and the Internet of things (IoT). This integration results in increasing automation, impro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Spending
Consumer spending is the total money spent on final goods and services by individuals and households. There are two components of consumer spending: induced consumption (which is affected by the level of income) and autonomous consumption (which is not). Macroeconomic factors Taxes Taxes are a tool in the adjustment of the economy. Tax policies designed by governments affect consumer groups, net consumer spending and consumer confidence. Economists expect tax manipulation to increase or decrease consumer spending, though the precise impact of specific manipulations are often the subject of controversy. Underlying tax manipulation as a stimulant or suppression of consumer spending is an equation for gross domestic product (GDP). The equation is GDP = C + I + G + NX, where C is private consumption, I is private investment, G is government and NX is the net of exports minus imports. Increases in government spending create demand and economic expansion. However, government spendin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McKinsey & Company
McKinsey & Company (informally McKinsey or McK) is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinsey, McKinsey is the oldest and largest of the " MBB" management consultancies. The firm mainly focuses on the finances and operations of their clients. Under the direction of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—initiated a program designed to transform corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has been the subject of significant controversy and is the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blockchain
The blockchain is a distributed ledger with growing lists of Record (computer science), records (''blocks'') that are securely linked together via Cryptographic hash function, cryptographic hashes. Each block contains a cryptographic hash of the previous block, a Trusted timestamping, timestamp, and transaction data (generally represented as a Merkle tree, where Node (computer science), data nodes are represented by leaves). Since each block contains information about the previous block, they effectively form a ''chain'' (compare linked list data structure), with each additional block linking to the ones before it. Consequently, blockchain transactions are resistant to alteration because, once recorded, the data in any given block cannot be changed retroactively without altering all subsequent blocks and obtaining network consensus to accept these changes. Blockchains are typically managed by a peer-to-peer, peer-to-peer (P2P) computer network for use as a public distributed led ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Distributed Computing
Distributed computing is a field of computer science that studies distributed systems, defined as computer systems whose inter-communicating components are located on different networked computers. The components of a distributed system communicate and coordinate their actions by passing messages to one another in order to achieve a common goal. Three significant challenges of distributed systems are: maintaining concurrency of components, overcoming the lack of a global clock, and managing the independent failure of components. When a component of one system fails, the entire system does not fail. Examples of distributed systems vary from SOA-based systems to microservices to massively multiplayer online games to peer-to-peer applications. Distributed systems cost significantly more than monolithic architectures, primarily due to increased needs for additional hardware, servers, gateways, firewalls, new subnets, proxies, and so on. Also, distributed systems are prone to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Data Exchange
Data exchange is the process of taking data structured under a ''source'' schema and transforming it into a ''target'' schema, so that the target data is an accurate representation of the source data. Data exchange allows data to be shared between different computer programs. It is similar to the related concept of data integration except that data is actually restructured (with possible loss of content) in data exchange. There may be no way to transform an instance given all of the constraints. Conversely, there may be numerous ways to transform the instance (possibly infinitely many), in which case a "best" choice of solutions has to be identified and justified. Single-domain In some domains, a few dozen different source and target schema (proprietary data formats) may exist. An "exchange" or "interchange format" is often developed for a single domain, and then necessary routines (mappings) are written to (indirectly) transform/translate each and every source schema to each an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Economy
The New Economy refers to the ongoing development of the American economic system. It evolved from the notions of the classical economy via the transition from a manufacturing-based economy to a service-based economy, and has been driven by new technology and innovations. This popular use of the term emerged during the dot-com bubble of the late 1990s, where high growth, low inflation, and high employment of this period led to optimistic predictions and flawed business plans. Origins A 1983 cover article in ''Time'', "The New Economy", described the transition from heavy industry to a new technology based economy. By 1997, ''Newsweek'' was referring to the "new economy" in many of its articles. After a nearly 25-year period of unprecedented growth, the United States experienced a much discussed economic slowdown beginning in 1972. However, around 1995, U.S. economic growth accelerated, driven by faster productivity growth. From 1972 to 1995, the growth rate of output per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
