The global economy is quietly changing, and many enterprises are opening the road to digital transformation

In recent years, the rapid development of digital information technologies such as mobile Internet, big data, cloud computing, and the Internet of Things has led to gradual changes in the global economy, and countries and enterprises around the world have embarked on the road of digital transformation. With the advent of the information age, the digital economy, as a new business format, is profoundly changing people’s production and way of life, and has become the core driving force for economic growth in recent years.

In 2017, the “Government Work Report” was written into “digital economy” for the first time, emphasizing “promoting the in-depth development of ‘Internet +’ and accelerating the growth of the digital economy”. The digital economy has become a new driving force for economic development, and its high penetration has and will further have a profound impact on the manufacturing industry chain and value chain.

The “G20 Digital Economy Development and Cooperation Initiative” signed at the G20 Hangzhou Summit pointed out that the digital economy refers to the use of digital knowledge and information as key production factors, modern information networks as an important carrier, and information and communication technology. Effective use of a range of economic activities that are important drivers of efficiency improvement and economic structure optimization.

The global economy is quietly changing, and many enterprises are opening the road to digital transformation

Recently, the China Academy of Information and Communications Technology released the “White Paper on the Development of China’s Digital Economy 2017”. According to the data, the total amount of China’s digital economy reached 22.6 trillion yuan in 2016, a nominal increase of nearly 19% year-on-year, accounting for more than 30% of GDP.

The essence of the digital economy is the integration and development of big data, Internet, cloud computing and other information and communication technologies and the real economy. On July 31, Chinese Premier Li Keqiang said that the development potential of the digital economy is huge, and it is necessary to actively cultivate emerging industries such as the Internet of Things and cloud computing, and accelerate the digitalization of traditional industries.automationTransform and expand the opening up of the telecommunications industry.

The digital economy integrates market resources and enhances the transnational operation capabilities of the manufacturing industry. Usually, only when a company reaches a certain scale can it have the conditions for transnational operations. The digital economy enables SMEs and even small and micro enterprises in the manufacturing industry to participate in international production and operation through e-commerce platforms and networked collaborative manufacturing. To a certain extent, manufacturing enterprises in various countries face the same global market.

At present, the accelerated integration of digital technology and the real economy has brought about a huge change in the mechanism of the survival of the fittest in the market. The competitive market faced by enterprises is more complex, and the impact of digital technology on traditional industries has forced the transformation and upgrading of traditional industries.

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Published on 09/07/2022