The Role of Digitalization in Economic Development

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Published: 2024-05-24
DOI: https://doi.org/10.5281/
Keywords:
Digital economy, supply, demand, global market, investment

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Artikova Shokhida Ilyasovna
Docent of Department of digital economy, Samarkand Institute of Economics and Service
Abdumurodov Shaxzodjon Navruzjon o’g’li
Student, Samarkand Institute of Economics and Service

Abstract

The digital economy is a rapidly evolving landscape that encompasses the production, distribution, and consumption of goods and services facilitated by digital technologies. It has transformed traditional business models, communication methods, and market dynamics. This abstract explores the key components of the digital economy, including e-commerce, digital payments, data analytics, and artificial intelligence. It also discusses the opportunities and challenges presented by this digital transformation, such as increased efficiency, global connectivity, and cybersecurity risks. Overall, the digital economy represents a paradigm shift in how businesses operate and interact with consumers in the modern era of technology-driven innovation.

Article Details

Issue

Vol. 2 No. 5 (2024): Excellencia: International Multi-disciplinary Journal of Education

Section

Articles

How to Cite

Ilyasovna, A. S., & Navruzjon o’g’li, A. S. (2024). The Role of Digitalization in Economic Development. Excellencia: International Multi-Disciplinary Journal of Education (2994-9521), 2(5), 685-689. https://doi.org/10.5281/

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