The Concept of Digitalization and Its Impact on the Modern Economy

DOI

10.2991/aebmr.k.200312.422How to use a DOI?

Abstract

Imagining living in the past without the facilities that are available to people today seems a bit too hard to survive. We live in an era where our dependency upon technology in our routine tasks has driven us to a point where we take most of gifts of technology for granted. Technology has transformed our way of living, including but not limited to food, education, communication, transportation, entertainment, and medical care. Our favorite grocery stores and restaurants are available to provide us food of our choice at all times. Virtual classrooms and huge amount of content available online has made attainment of education convenient. Our friends and family may be distant apart from us, but are only once click away. We book a cab sitting at home for commuting, instead of walking down the street to catch one. We carry around complete entertainment package with us in our pockets and bags. Wearable gadgets are facilitating us in medical attention and care. While the list goes on and on, there is one common factor – digitalization. This paper will reveal the concept of digitalization and its impact on the modern economy.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - A U Mentsiev
AU  - M V Engel
AU  - A M Tsamaev
AU  - M V Abubakarov
AU  - R S-E Yushaeva
PY  - 2020
DA  - 2020/03/17
TI  - The Concept of Digitalization and Its Impact on the Modern Economy
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 2960
EP  - 2964
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.422
DO  - 10.2991/aebmr.k.200312.422
ID  - Mentsiev2020
ER  -