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Essay on Impact of the digital economy on my life

Essay – impact of the digital economy on my life.

Impact of the digital economy on my life Essay: The world where we live is constantly changing and one of the main drivers of the transformation is the digital economy. Digital economy refers to the economic activity that involves the use of the latest technology. In other words, digital transformation refers to the use of digital technology that is needed in transforming the business or the services. The digital economy has impacted the lives of many people including mine. This has been possible due to the influential role played by the policymakers in ensuring that the country is well progressing towards digitisation.

In both developed and underdeveloped countries digital economy has been regarded as the main driver of economic growth. The digital economy that is based on the ICT has helped to increase the job opportunities for people. Similarly, I have also been able to experience the impact of the digital economy in my life which has made it all the more fruitful. With the help of ICT, my means of communication have become much easier. As I stay in a hostel, I can easily communicate with my people with the help of cell phones. Whenever I want to see them, I can do it easily with the help of video calls. It has enabled me to connect with my loved ones even when I am staying abroad. As I am pursuing in master’s in computer science application, I can easily get aces to job opportunities and all this has been possible as a result of ICT. I can apply for jobs at all the companies I want to with the help of the internet and job portals and this is another boon of the digital economy. In addition, I have also been ICT to aid me to acquire information in a comparatively easy manner. I have applied it to my research paper with the use of the internet.

To socialise with my friends I have also been taking help from the digital economy. I spend a lot of time on social media to stay connected with my friends.  Digital economy and ICT have also kept me entertained  As a movie freak, I can use ICT to keep me updated about the movies on Amazon Prime and Netflix.  Furthermore, I can shop for my groceries and apparel within the comfort of my home with the help of a shopping app. The digital economy has also facilitated the ease of money transactions with the help of PhonePay, GooglePay and Paytm.

Besides the positive aspects, the digital economy has also imposed some negative aspects on my life. It has enabled me to adopt a sedentary lifestyle as I result of which I am suffering from obesity. Frequent shopping from food apps has increased my binge eating and thus causes me to suffer from obesity. In addition, I am also afraid of cyberbullying because I have seen one of my known persons being a victim of that. Thus, it has affected me mentally and every time I use social media I have to stay aware of the persons who commit malicious acts of cybercrime.

To conclude, it can be said that the digital economy has got both negative and positive impacts on my life. It has made, my life easier by enabling me to have access to educational websites. I no longer have to visit the library to do my research work. I can easily acquire information with the help of the internet and stay connected with my friends and family with the use of social media. . In addition, online paying and shopping have become much easier because of the impact of the digital economy.

Q1. State any two positive impacts of the digital economy.

Ans: It facilitates easy access to information with the use of the internet and keeps a person connected with his friends and family with the help of social media.

Q2. State one negative impact of the digital economy.

Ans: It leads to cyberbullying.

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Impact Of Digital Economy On My Life Essay 700 Words

The Impact of the Digital Economy on My Life

In the blink of an eye, the world around us has transformed into a realm where the virtual and the real intertwine seamlessly. The digital economy, a revolutionary force driven by technology and innovation, has left an indelible mark on every aspect of our lives. As I reflect upon its impact, I am astounded by the depth and breadth of change it has brought to my daily existence.

The digital economy encompasses a vast spectrum of activities, from online commerce to e-learning, digital payments to remote work, and beyond. Its influence has been so profound that it has reshaped my routines, aspirations, and interactions in ways that I could have scarcely imagined a decade ago.

First and foremost, the digital economy has redefined the way I interact with the world of commerce. Online marketplaces have become my virtual shopping destinations, providing a plethora of options at my fingertips. The convenience of browsing through products, comparing prices, and reading reviews before making a purchase has transformed my shopping experience. Gone are the days of long queues and crowded stores; now, a few clicks suffice to have my desired items delivered to my doorstep.

Furthermore, the digital economy has facilitated my pursuit of knowledge and personal growth. E-learning platforms have become my virtual classrooms, offering a diverse array of courses and resources. I can now explore subjects beyond the confines of traditional education, enabling me to develop new skills, acquire certifications, and broaden my horizons. Whether it's learning a new language, mastering a musical instrument, or delving into the intricacies of artificial intelligence, the digital economy has empowered me to be a lifelong learner.

Digital payments have also revolutionized the way I manage my finances. Mobile wallets and online banking applications have become my financial hubs, allowing me to seamlessly transact, monitor expenses, and even invest from the comfort of my home. The tediousness of handling physical currency and paper statements has given way to the simplicity and security of digital transactions. This has not only streamlined my financial activities but has also heightened my awareness of responsible money management.

The digital economy's impact on my professional life has been particularly striking. Remote work, a hallmark of this digital era, has transformed my daily work routine. The traditional office environment has given way to a virtual workspace, where video conferences, collaborative tools, and digital communication channels are the norm. This shift has offered me the flexibility to balance work and personal commitments, while also reducing the environmental footprint associated with daily commuting.

While the digital economy has brought forth numerous conveniences and efficiencies, it has also sparked contemplation about its potential pitfalls. The prevalence of digital devices and constant connectivity has led to concerns about digital addiction and its impact on mental well-being. Striking a balance between online engagement and real-world interactions has become an ongoing challenge, highlighting the importance of mindful technology use.

Additionally, the digital economy has spurred discussions about privacy and data security. The vast amount of personal information we share online, whether knowingly or inadvertently, has raised questions about how our data is collected, stored, and utilized. As a result, safeguarding personal information has become a critical aspect of navigating the digital landscape.

In conclusion, the digital economy has permeated every facet of my life, shaping my experiences, choices, and perspectives. Its transformative influence has opened doors to new possibilities, while also prompting reflections on responsible usage and the preservation of human connections. As I navigate this digital realm, I am both a beneficiary and a custodian of its potential. Embracing its benefits while mitigating its challenges is an ongoing journey that reminds me of the dynamic interplay between technology and humanity.

The dawn of the digital age has ushered in a wave of unprecedented change, redefining the way we live, work, and connect with the world. The digital economy, a driving force behind this transformation, has left an indelible mark on my life, touching every aspect with its profound influence. In this essay, I will delve into the multifaceted impact of the digital economy on my daily routines, education, social interactions, and aspirations.

The digital economy's most apparent influence on my life is evident in the way I navigate daily tasks and routines. From the moment I wake up to the sound of a digital alarm on my smartphone, I am immersed in a world of technology. My mornings are characterized by checking notifications, scrolling through news updates, and responding to messages that bridge the gap between friends and family scattered across the globe. Gone are the days of traditional newspaper deliveries and handwritten letters; the digital economy has connected me instantaneously to a world of information and personal connections.

As a student, the digital economy has revolutionized my approach to education. Online learning platforms have become my go-to resources for acquiring knowledge beyond the confines of traditional classroom settings. Whether I am seeking to master complex mathematical concepts, explore historical events, or delve into the intricacies of coding, the digital economy offers a treasure trove of courses and materials. The flexibility of learning at my own pace, combined with interactive multimedia content, has transformed my education into a dynamic and personalized experience.

Furthermore, the digital economy has not only changed the way I learn but has also redefined the way I envision my future career. The proliferation of remote work opportunities and the rise of freelancing platforms have broadened my horizons beyond the traditional 9-to-5 paradigm. The prospect of leveraging my skills and expertise on a global scale, transcending geographical barriers, has fueled my aspirations. The digital economy has empowered me to envision a career path that aligns with my passions and offers unprecedented flexibility.

In the realm of social interactions, the digital economy has both enriched and reshaped the way I connect with others. Social media platforms provide a digital canvas where I share my experiences, thoughts, and creativity with a global audience. While these platforms offer a space for self-expression and networking, they also raise questions about privacy, authenticity, and the potential for addiction. Striking a balance between meaningful offline interactions and online engagement has become a constant consideration in the digital era.

The digital economy's impact is also palpable in the way I manage finances and engage in commercial transactions. Mobile banking applications, digital wallets, and online payment gateways have revolutionized the way I handle money. The convenience of cashless transactions, combined with enhanced security measures, has streamlined my financial activities. However, this shift has prompted reflections on the need for responsible financial management and awareness of potential cyber threats.

Amid the conveniences and opportunities offered by the digital economy, ethical and societal considerations loom large. The omnipresence of technology raises concerns about its impact on physical and mental health. The sedentary nature of digital engagement and the potential for information overload require conscientious efforts to strike a balance between screen time and physical activity. Moreover, the digital divide—unequal access to technology—underscores the need for inclusivity and equitable distribution of the benefits offered by the digital economy.

In conclusion, the digital economy has woven a tapestry of transformation across the fabric of my life. From altering my daily routines to shaping my educational pursuits, career aspirations, and social interactions, its impact is far-reaching and profound. As I navigate this digital landscape, I am acutely aware of the responsibilities and opportunities it presents. Embracing its potential while remaining vigilant about its challenges will undoubtedly be an ongoing journey, as the digital economy continues to shape and redefine the course of my life and the world around me.

Also read:  Poem On Impact Of Digital Economy On My Life 

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Essay on Digital World – Short Essay & Long Essay upto 1500 Words

Essay on Digital World: In today’s digital age, technology has transformed the way we live, work, and communicate. The digital world has become an integral part of our daily lives, shaping our interactions, entertainment, and even our identities. In this essay, we will explore the impact of the digital world on society, from the rise of social media and online shopping to the challenges of privacy and cybersecurity. Join us as we delve into the complexities and opportunities of the digital world in the 21st century.

Table of Contents

Digital World Essay Writing Tips

1. Start by introducing the topic of the digital world and its impact on society. Explain how advancements in technology have transformed the way we live, work, and communicate.

2. Provide examples of how the digital world has revolutionized various industries, such as healthcare, education, and entertainment. Discuss the benefits of these technological advancements, such as increased efficiency, accessibility, and connectivity.

3. Address the challenges and drawbacks of living in a digital world, such as privacy concerns, cyber security threats, and digital divide. Explain how these issues have become more prevalent as our reliance on technology continues to grow.

4. Discuss the role of social media in shaping the digital world and its impact on individuals and society. Analyze how social media platforms have changed the way we interact, consume information, and form relationships.

5. Explore the concept of digital literacy and the importance of developing skills to navigate and thrive in the digital world. Discuss the need for education and training programs to help individuals adapt to the rapidly changing technological landscape.

6. Consider the ethical implications of living in a digital world, such as data privacy, online harassment, and misinformation. Discuss the responsibility of individuals, organizations, and governments in addressing these issues and promoting digital ethics.

7. Reflect on the future of the digital world and how emerging technologies, such as artificial intelligence, virtual reality, and blockchain, will continue to shape our lives. Consider the potential benefits and risks of these technologies and how they may impact society in the years to come.

8. Conclude your essay by summarizing the key points you have discussed and offering your perspective on the digital world. Consider the opportunities and challenges that come with living in a digital age and the importance of balancing technological innovation with ethical considerations.

Essay on Digital World in 10 Lines – Examples

1. The digital world refers to the interconnected network of electronic devices and systems that allow for the transmission and sharing of information. 2. It encompasses the internet, social media platforms, mobile apps, and other digital technologies. 3. The digital world has revolutionized communication, making it faster and more efficient than ever before. 4. It has also transformed industries such as entertainment, education, healthcare, and commerce. 5. The digital world has created new opportunities for businesses to reach a global audience and expand their reach. 6. It has also raised concerns about privacy, security, and the spread of misinformation. 7. The digital world has enabled individuals to connect with others around the world, fostering a sense of global community. 8. It has empowered people to access information and resources that were previously unavailable to them. 9. The digital world has changed the way we work, learn, socialize, and entertain ourselves. 10. As technology continues to advance, the digital world will continue to evolve and shape our lives in new and unexpected ways.

Sample Essay on Digital World in 100-180 Words

The digital world has revolutionized the way we live, work, and communicate. With the advancement of technology, we are now able to connect with people from all over the globe in an instant, access information at our fingertips, and automate tasks that were once time-consuming.

The digital world has also opened up new opportunities for businesses to reach a wider audience and streamline their operations. E-commerce has transformed the way we shop, allowing us to purchase goods and services online with just a few clicks.

However, with the benefits of the digital world also come challenges. Privacy and security concerns have become more prevalent as our personal information is stored and shared online. Additionally, the digital divide has widened, with some individuals lacking access to the internet and the opportunities it provides.

Overall, the digital world has brought about immense progress and convenience, but it is important to address the issues that come with it to ensure a safe and inclusive digital future.

Short Essay on Digital World in 200-500 Words

The digital world has become an integral part of our daily lives, transforming the way we communicate, work, and interact with the world around us. With the rapid advancement of technology, we are now more connected than ever before, with access to a wealth of information and resources at our fingertips.

One of the most significant impacts of the digital world is the way we communicate. Social media platforms such as Facebook, Twitter, and Instagram have revolutionized the way we connect with others, allowing us to stay in touch with friends and family members across the globe. These platforms have also given rise to new forms of communication, such as emojis, gifs, and memes, which have become a ubiquitous part of online conversations.

In addition to changing the way we communicate, the digital world has also transformed the way we work. With the rise of remote work and telecommuting, many people are now able to work from anywhere in the world, as long as they have an internet connection. This has led to greater flexibility and freedom for employees, as well as cost savings for employers who no longer need to maintain large office spaces.

Furthermore, the digital world has opened up new opportunities for education and learning. Online courses and tutorials have made it easier than ever to acquire new skills and knowledge, regardless of where you are located. This has democratized education, making it more accessible to people from all walks of life.

However, the digital world also presents challenges and risks. The rise of cybercrime, such as hacking, identity theft, and phishing scams, has made it more important than ever to protect our personal information online. Additionally, the constant barrage of information and notifications can be overwhelming, leading to issues such as digital addiction and information overload.

Despite these challenges, the digital world has undoubtedly had a positive impact on our lives. It has made it easier to stay connected with others, work more efficiently, and access a wealth of information and resources. As technology continues to advance, it is important for us to adapt and embrace the opportunities that the digital world has to offer, while also being mindful of the risks and challenges that come with it.

Essay on Digital World in 1000-1500 Words

The digital world has become an integral part of our daily lives, shaping the way we communicate, work, and interact with the world around us. With the advancement of technology, the digital world has expanded exponentially, offering endless possibilities and opportunities for individuals and businesses alike. In this essay, we will explore the impact of the digital world on various aspects of society and discuss its implications for the future.

One of the most significant impacts of the digital world is its influence on communication. With the rise of social media platforms, messaging apps, and video conferencing tools, people can now connect with others from all corners of the globe in an instant. This has revolutionized the way we communicate, making it easier to stay in touch with friends and family, collaborate with colleagues, and share information with a wider audience. The digital world has also democratized communication, giving a voice to marginalized groups and enabling them to share their stories and perspectives with the world.

In addition to communication, the digital world has also transformed the way we work. With the advent of remote work and digital nomadism, people can now work from anywhere in the world as long as they have an internet connection. This has opened up new opportunities for individuals to pursue flexible careers and balance work with their personal lives. Businesses have also benefited from the digital world, as they can now reach a global audience and operate more efficiently through digital tools and platforms.

Moreover, the digital world has had a profound impact on education. Online learning platforms and virtual classrooms have made education more accessible and affordable, allowing students to learn at their own pace and from the comfort of their homes. This has democratized education, enabling individuals from diverse backgrounds to access quality learning resources and opportunities. The digital world has also revolutionized the way we consume information, with online libraries, e-books, and digital publications providing a wealth of knowledge at our fingertips.

Furthermore, the digital world has transformed the way we shop and consume goods and services. E-commerce platforms have made it easier for consumers to browse and purchase products online, leading to the rise of online shopping and the decline of traditional brick-and-mortar stores. This shift towards digital shopping has not only changed the way we shop but also the way businesses operate, as they must now adapt to the demands of an increasingly digital marketplace.

Despite its many benefits, the digital world also presents challenges and concerns. One of the most pressing issues is the threat to privacy and data security. With the vast amount of personal information being shared online, there is a risk of data breaches and cyberattacks that can compromise individuals’ privacy and security. Additionally, the digital world has given rise to issues of misinformation and fake news, as it is easier for false information to spread rapidly through social media and online platforms.

Another concern is the digital divide, which refers to the gap between those who have access to digital technologies and those who do not. Inequities in access to the internet and digital tools can exacerbate existing social and economic disparities, limiting opportunities for those who are unable to participate in the digital world. Bridging the digital divide is essential to ensure that everyone has equal access to the benefits of the digital world and can participate fully in the digital economy.

In conclusion, the digital world has had a profound impact on society, transforming the way we communicate, work, learn, shop, and interact with the world around us. While it has brought about many benefits and opportunities, it also presents challenges and concerns that must be addressed. As we navigate the complexities of the digital world, it is important to prioritize privacy, security, and inclusivity to ensure that everyone can benefit from the opportunities that digital technologies offer. By harnessing the power of the digital world responsibly, we can create a more connected, informed, and equitable society for all.

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Essay on Digital Economy

Introduction.

With the rapid growth of digital transformation in recent years, many organizations have flourished across various industries, often against powerful incumbents by leveraging compelling and complex connections with consumers. The organizations have gained a competitive advantage by running multiple paths to engage with their consumers. Amazon is among the most successful organizations emerging in the transformed business landscape. Amazon has experienced a continuous transformation digitally since its launch in 1994 to an international company (Althafairi  et al.,  2019). The organization has gained a tremendous competitive advantage by using the technology effectively. First, the company is customer-centric, whereby the organization has been ranked the number one for various consumer satisfaction indexes.

Besides, the entire business structure of the organization is driven by digital technology in expanding its business offerings and enhancing the main business functions. In addition, the company provides a workplace culture that drives innovation and change. The company has grown from a book store to being the leading online store currently. The company continues to break into and create new markets successfully, which is only possible by being responsive and having its workers willing to move with the transformation. As novel technologies have continued to be developed, the organization has always stayed at the front end of the wave (Lisdorf, 2021). For instance, the organization uses drones for delivery and data analytics to make decisions on cutting costs through economies of scale and other efficiencies. This paper discusses the implications of the digital economy on Amazon.

The digital economy is a hyper-connected economy that comprises growing inter-connected individuals, companies, and machines through the web and using digital means such as robotics and big data analytics (Barefoot  et al.,  2018). It involves a transformation in the economy due to the general use of developing digital technologies. The change results in a digital business based on e-business and e-commerce aimed at e-goods. The main building blocks of the digital economy include the internets, which enables organizations to offer goods for sale and allow consumers to browse the products they need. E-mail which allows cheap and instantaneous communications across the globe; digital automation, which is the processing power of computers that helps organizations make decisions based on the output, digital payments, which include credit cards, bitcoin, and bank transfer; and social media where people use it to share recommendation about business. Organizations embracing the digital economy use internet websites, social media reviews, e-sales, e-payments, and automation in their operations (Abdrakhmanova  et al.,  2021). However, the traditional economy is based on physical shops and cash payments. Some of the digital economy examples include Airbnb, which allows tourists to make reservations online, and Netflix, which will enable consumers to buy television series and films through the internet without any physical good.

Developments in the digital economy have led to positive and negative effects on organizations operating in the e-sector. The positive implications of digital economy development include more meaningful information enabled by the internet to help consumers have detailed information to make better choices. For instance, a consumer can use the internet to assess a specific product offered by different organizations and compare the prices. Besides, digital technology has helped save costs since the business does not require many employees hence saving on labor costs (Cassar  et al.,  2010). The organization also benefits by cutting out the aspect of the retail chain since it can send the purchased goods directly to the consumer rather than through shops. In addition, the digital economy helps create important data that gives significant insights to the company. For instance, an organization may use data analytics to analyze the trends in the economy and plan appropriately for the future. Also, the digital economy helps organizations reach a wide range of target consumers since it is not limited by location. With the use of the internet, a consumer can purchase products in different world locations. The goods are then shipped to the customers. Thus, the digital economy has helped organizations gain a wide customer base, which makes the company make more profits, hence more growth. The negative implications of the digital economy on organizations in the e-sector involve cyber-attacks (Hojeghan & Esfangareh, 2011). Since the organizations use information technology systems, they are prone to attacks such as disrupting the organizations’ approach, which may lead to loss of consumers or lack of trust from the consumers when they get manipulative messages from the attackers. Also, it breaches an organization’s privacy since it is challenging to have privacy in the digital world, and the organization’s data can be stolen or sold.

Business Model of Amazon

Amazon is an American international e-commerce organization launched by Jeffrey Bezos in 1994. When it faces competition, its brand remains unparalleled and hence remains in the lead (Investopedia, 2019). The business model of Amazon identifies the following critical success factor. The first factor is maintaining a solid brand name and location, then offering its consumers value and strong shopping knowledge, which then followed by considerable sales capacity and finally realizing economies of scope and scale. Amazon’s business model is set if business models rather than a single agency (Sadq  et al.,  2018). The business model of e-commerce organizations, in general, comprises eight key components, which include value proposition, market opportunity, revenue model, competitive environment, competitive advantage, market strategy, organizational development, and management team (Wadhwa  et al.,  2020). . The business model of amazon comprises the value proposition, revenue model, customer segments, essential resources, competitors, partners, cost structure, and customer relationship.

Value proposition

Value proposition involves specifying how the products and services of the organization are combined and extended to meet the needs of consumers. The company targets middle-class and upper-class individuals who have experience in technology and those that do not have time to buy products from physical outlets (Wadhwa  et al.,  2020). Thus, the company has positioned itself as a local and global e-commerce giant where consumers can purchase anything and get it delivered at any remote location. The company has obtained many information technologies and e-commerce start-ups intending to offer high value to their consumers using the digital technology of the acquired companies at a low cost (Wadhwa  et al.,  2020). . The company used big data analytics to record consumer data and analyze consumer behavior which helps the organization provide consumers products, related products or bundle the items together as an offer depending on consumer preferences demonstrated through purchases.

Revenue Model

The revenue model involves ways the organization uses to generate a higher return on investment and profits. The revenue model of e-commerce includes promotion, subscription, sales, fees, and affiliate revenue models. The organization sells goods directly that consumers visit since they assume they will obtain affordable products readily available for purchase and shipping. This helps the company to get direct sales. The company also receives revenue by offering other retailers a platform to sell products to their consumers. The company gets a commission from the sale prices of the retailer’s products. Besides, Amazon retains a subscription-based business model via its Amazon Prime serves, where consumers pay an annual fee to secure free two-day or same-day shipping on eligible items and access streaming media such as digital music and movies (Wadhwa  et al.,  2020). Also, the organization makes revenue from Amazon Kindle, an e-reading package whereby the consumers can purchase, surf, and copy files, publications, and broadsheets (Wadhwa  et al.,  2020). Amazon’s advertising platform is another source of revenue for the company since it offers a marketing platform for sponsored ads and videos. The company owns more than 1000 patents, which is another source of revenue for the company.

Customer segments

Amazon consumer segments can be separated into three categories: suppliers, consumers, and inventors. The suppliers are the organizations that utilize the e-commerce stage of Amazon to sell their products to Amazon’s broad consumers. Inventors involve every public involved with Amazon web services which are Amazon cloud computing platforms (Pereira, 2020). They include customers and partners of all sizes in each industry. The buyers are the people across the globe seeking to purchase products and services via Amazon’s channels. Amazon keeps data of its consumers to track consumer behavior through characteristics such as consumer interests, engagements, and personal information.

Amazon Competitors

The competitive environment in the business model entails the competing firms working in the same market space, possible competitors in the market, manufactured goods alternatives available, and the bargaining power of the consumers and sellers. The organization has many competitors who challenge it to continue providing better services to its consumers to remain at the top. Some of the competitors include online stores, approximately more than 24 million currently (Ritala  et al.,  2014). Another competitor is Walmart which has a significant presence online and is ranked as the second most popular store in the United States. Besides, china-based online retailer Alibaba is another competitor of Amazon, specializing in whole selling. Other competitors include Otto, Jingdong, eBay, Flipkart, Rakuten, and Newegg (Pereira, 2020).

Amazon Key Resources

The organization’s primary resource is the technological infrastructure, which is essential for ensuring the whole chain of the business is operating without disruptions and losses. Others include physical spaces such as warehouses and automation (Pereira, 2020). Human resource is another significant resource that ensures efficient communication with the partners.

Amazon Key Partners

Amazon has always assimilated, financed, and amalgamated with industries that align with their current and future growth while re-investing incomes from their sales into long-standing growth in novel marketplaces and ground-breaking exploration (University of Toronto, 2013). The significant partners of the online store include sellers who are the essential associates of the trademark because they are the producers of Amazon’s leading basis of returns. The company has more than 7.9 million sellers globally who generate approximately half of the firm’s returns (Pereira, 2020). Other partners are affiliates who are bloggers that promote traffic for the platform and earn commission through referrals that lead to a sale and therefore help in boosting sales, developers who are system integrators and software vendors, content creators who independently use Amazon Kindle to publish their works, and subsidiaries which involve organizations that offer storing places, and structures to products and goods established by Amazon.

Amazon Cost structure

The costs incurred by the company involve the maintenance of the information technology systems, a good customer service center, promotion of its products, ensuring the security of its websites, and payment of rents and lease on their physical stores and delivery stations (Pereira, 2020).

Amazon Channels

The company’s leading and the most significant channel is the Amazon website and other channels, including Amazon App, Amazon Prime, and affiliate program. Since the company is internet-based, it utilizes digital marketing, which involves e-marketing and advertisements (Pereira, 2020).

Amazon Customer Relationship

Amazon has, over time, maintaining a strong and enduring connection with the consumers (Pereira, 2020). This is because the company’s main objective is to be consumer-centric, and it does this by maintaining different communication approaches that are easy to use by their consumers, such as telephone calls and online chats. The company’s greatest strength is ensuring complete customer satisfaction and excellent customer service (University of Toronto, 2013).

Amazon Key Activities

The key activities of the institution revolve around the establishment, preservation, and growth of its extensive network. Thus, the company capitalizes on website and application creation and administration and the whole logistics and supply department and information security (Pereira, 2020).

Challenges and Opportunities

Amazon has been facing various challenges in its operations, including regulations in some countries. For instance, the Indian government restricted all overseas corporations from using e-commerce to vend their goods openly to Indian customers. This made it difficult for Amazon to reach consumers in India without involving intermediaries. This, in return, increases the labor costs, which reduces the company’s profits. Another challenge Amazon faces include limited infrastructure to allow easy reach of goods to consumers. Some countries have poor infrastructure, making Amazon take more time before delivering products to its consumers. This wastes many resources which are essential to the company. Besides, the consumers who lack patience give bad reviews about the company, which affects the brand’s image. To deal with this, the company ensures constant communication with consumers in case of a challenge in delivering the consumer goods to let the consumers know that the goods may be delivered late. A good customer relationship through constant communication helps the consumers develop trust and loyalty to the organization. Another challenge the company faces is competition from its rivals through the pricing of products or substitute products (Chhabra, 2021). The company faces this challenge by offering its products at low and competitive prices to keep up with the competition. The company uses dynamic pricing, which involves changing the prices of different products more than 2million times each day. It also uses psychological pricing to keep its costs competitive and attract more customers by providing huge discounts on best-selling and popular products. This makes customers find Amazon prices to be the lowest all-time and purchase from the company. Besides, the company ensures competitive and low prices through competition monitoring and repricing, which involves placing a tab on the prices of every product offered by its competitors and considers repricing its products to attract more consumers to its platform. Despite the challenges, the companies have diverse opportunities in the digital economy. The company has the chance of expanding its operations in other countries, such as the developing states. Also, the company can establish more physical stores to compete with the brick-and-mortar operations, which may be more robust because they engage customers more (Akram, 2015).

Amazon is an international e-commerce company based in America and was started in 1994. Amazon has successfully remained competitive in the digital economy due to its continued investment in new technologies. The digital economy involves using digital technology to connect organizations and people. Some of the digital economy organizations include Netflix, Amazon, and Airbnb. Developments in the digital economy have impacted the e-commerce sector significantly. It has provided consumers with the availability of more information to make informed decisions before purchasing products online. For instance, consumers can visit different online companies offering the product they need and compare prices before buying. Besides, it has provided the businesses with the ability to reach a vast population of their target customers. However, the companies in the digital economy face various challenges such as privacy concerns whereby their information and consumer information is can be accessed by cyber attackers. Amazon has a business model which includes multiple components such as value proposition, revenue model, cost structure, key partners, customer segments, customer relationship, competitors, and critical resources. The revenue model entails the different sources of revenue for the company, including direct sales to its consumers, commissions from retailers using their platform, and Amazon Prime. The company faces challenges which include government restrictions from selling directly to citizens, which the company has faced successfully by developing physical stores in those countries. Other challenges include stiff competition from other companies in the e-space and poor infrastructure, which easily hinders the delivery of products to consumers. The opportunities include the company can open stores in other countries such as the developing nations.

Abdrakhmanova, G. I., Vishnevsky, K. O., Gokhberg, L. M., Demidkina, O. V., Demyanova, A. V., Kovaleva, G. G., … & Shugal, N. B. (2021). Digital economy.

Akram, S. (2015).  Amazon’s Business Model and its Evolutions . Academia.edu. https://www.academia.edu/37917507/Amazon_s_Business_Model_and_its_Evolutions

Althafairi, B., Alhoumaida, N., Saxena, M., & Almsri, Z. (2019). Case study-AMAZON.  Journal of the Community Development in Asia (JCDA) ,  2 (2).

Barefoot, K., Curtis, D., Jolliff, W., Nicholson, J. R., & Omohundro, R. (2018). Defining and measuring the digital economy.  US Department of Commerce Bureau of Economic Analysis, Washington, DC ,  15 .

Cassar, C., Heath, D., & Micallef, L. (2010). What is digital economy? Unicorns, transformation and the internet of things.  Deloitte Article .

Chhabra, T. (2021, July 28).  Amazon business model: How does amazon make money?  Feedough. Retrieved March 26, 2022, from https://www.feedough.com/amazon-business-model/

Hojeghan, S. B., & Esfangareh, A. N. (2011). Digital economy and tourism impacts, influences and challenges.  Procedia-Social and Behavioral Sciences ,  19 , 308-316.

Investopedia. (2019).  Amazon’s vs. Alibaba’s Business Models: What’s the Difference?  Investopedia. https://www.investopedia.com/articles/investing/061215/difference-between-amazon-and-alibabas-business-models.asp

Lisdorf, A. (2021). Amazon. In  Cloud Computing Basics  (pp. 75-84). Apress, Berkeley, CA.

Pereira, D. (2020, May 1).  Amazon Business Model . Business Model Analyst. https://businessmodelanalyst.com/amazon-business-model/

Ritala, P., Golnam, A., & Wegmann, A. (2014). Coopetition-based business models: The case of Amazon. com.  Industrial marketing management ,  43 (2), 236-249.

Sadq, Z. M., Sabir, H. N., & Saeed, V. S. H. (2018). Analyzing the Amazon success strategies.  Journal of process management and new technologies ,  6 (4).

University of Toronto. (2013).  Amazon Business Model Case Study . http://www.amgimanagement.com/founder/ProjectSummaries/APS1012_2013_spring_03_Amazon%20business%20model%20case%20study.pdf

Wadhwa, B., Vashisht, A., & Phutela, N. (2020). Business model of amazon India-A case study.  South Asian Journal of Marketing & Management Research ,  10 (1), 32-40.

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Impact of the Digital Society Essay

Impact of the digital society and information development, strategic information development on business, brain sensor technology, ethical and legal issues in information technology, impact of e-commerce on business practices, works cited.

Information technology has great on organizations and individual lives. That is it has transformed our lives socially, politically and economically.

Information technology has reduced the distance between various territorial boundaries countries and even the distance from continent to continent. Several years ago transportation means from even one continent to another continent was a nightmare due to the introduction of digital aircrafts and electric trains; we have experienced the death of distance (Bailor 2006).

Development of information technology has led to the introduction of commerce (e-commerce/business) that is online business of which has necessitated global market penetration hence transforming on living standards.

Information technology has created a social network where individuals are now able to communicate and share their ideas. It has also led to the creation of social ethnics/norms among individuals and organizations (Clarke 2004).

For some business, the impact of digital economy is revolutionary. That is, some frequent changes in technologies and markets and the appearance of the business models can introduce radical changes in industry structure according to research. And the nature of competition can shift rapidly.

The digital economy has not changed the core business of most firms at the same time. That is for most businesses, internet simply offer tools that can increase their success through their traditional sources of competitive advantage be it low cost, excellent customer service or superior supply chain management(Beasty 2006). Therefore, information technology impacts the business in the following ways:

• By identifying new strategic opportunities
• Assessing Technology innovations
• Deriving more technology enabled business models
• Prioritizing investment opportunities
• Managing vendors
• Exploiting investment in technology
• Ensuring appropriate usage of information systems
• Ensure that people embrace the right behavior and value to work with information
• Ensure that the value for application is captured by the organization and information technology investment does not become a source of competitive disadvantage. The challenge for researcher and practioner alike is to understand what contributes towards the development of these aspects of sustainability.

Electronic commerce has the following drives with respect to impact of digital society:

• Internet penetration
• Many individuals and organizations are capable of accessing internet services to check emerging and market trends
• Internet charge services have been reduced to a lower cost which is affordable to almost every member of the society. Therefore, this improved internet speed and reliability to business people
• Differentiation: E-commerce has been established mostly through low prices.

Other E-commerce drives include the following:

• Time and Cost – it is convenient and cost-effective
• Enhanced information access. Every single information can be accessed by every organization or individual at any time every where
• Enhanced client base
• Enhanced proper marketing strategies

In general most societies have found that digital business is beneficial because it attempts to integrate business processes across the world onto a single enterprise wide information system. Therefore it enhances improved coordination across functional departments and increased efficiency of doing business.(Bharati 2006, Hershey)

However, e-commerce has forced the following barriers by business entities:

• Electronic fraud
• Initial capital
• Technological challenge
• Information technology infrastructure.

The above barriers have promoted unfair competition among organizations, hence, competitive disadvantage.

Brain sensor technology uses neurons to depict actions. Brain sensors translate the thoughts of one into action. Using brain sensors like the Emotiv Epoc, one can think of a movement and the movement is reflected on the screen. Drug manufacturers and chemists are now using this technology to study the effects of drugs to the brain.

Impacts of brain sensor technology

Consistent use may lead to ones slow response to physical conditions and the brain may end up gating reliant to the technology.

The speed which the technology detects changes in the brain and reflects them to the screen corresponds with Moores law. Moores law states that the number of transistors in a chip will double every two years. In brain sensors the number of chips are many considering the fact that it encompasses nanotechnology. The huge of chips will allow for a large number of electric currents which might affect the brain considering that the sensor are placed in the head as near as possible to the brain.

Moral dimensions

• Information rights and obligation should be obtained
• Property rights – intellectual property rights should be protected in the modern society so that ownership to intangible property should be handled properly.
• Quality of life – there should be acceptable ways of doing things in a given society.
• System quality – data application should be of high quality
• Accountability and control should be reflected for data prosperity.

According the research conducted, various societies have adopted digital/modern ways of doing things because of it’s:

• Memory capacity which is large enough to accommodate more organizations
• Consistency
• Processing capability
• Reliability

Information security

Organizations and individuals have employed the following techniques to secure business transactions:-

• Password Privacy codes have been installed to help organizations to avoid legal problems and to ensure data confidentiality.
• Laws and regulations to be used in extranets
• Public area networks (PWAN). Confidential information should be closed to the public so that their access is limited to members of the public but can only be accessed by genuine owners of the data.

International aspects also be considered where members of a given country can only access information within their country.

Enhancing on customer public relation

An e-commerce won’t be able to improve on the relationship between the business and the customer unless they have some ideas about the consumers of their products and services. That is by having knowledge on the customer’s needs, purchasing practices, enticements, and behavior. E.g. easy functionality of the web site of the company, low prices, after sale service, offering call services etc these are some of the factors that are likely to contribute more enhancing customer enterprise relation(Cho 2003).

A good example is that e-commerce has a competitive advantage when it comes to peak times such as back to school. This means that through e-commerce online purchases and after sales services enables the current business practices to be able to get the products and acquire services from home and get them there(Bharati 2006, Hershey).

Symmetry of online and human relations

Besides market coverage advantage brought about by e-commerce, the interaction with the consumers is also an issue that has been impacted by the adoption of the e-commerce. This is through the linkages between all the departments in the companies through the online business to present a uniform surface.

E.g. the amount deducted after presentation of consumer’s credit card should be based on the price charged at the point of transaction i.e. display uniformity from all fronts (Bhaskar 2004). This enhances the cross-channel purchasing actions undertaken by the consumers.

This is a method which has been adopted by most of the e-commerce companies through linking most of their online transaction with the offline one. This choice board channel has hence demanded from the e-commerce enterprises to carry out a customer survey that seeks to understand who their customers are and their nature of interaction both online and physical interaction in the store (Cho 2003).

Invest in clientele services

With the inversion of e-commerce into the market economy, the major issue is on how to entice the customers’ attention to purchase the e-products. This has shifted the market operation to a more consumer oriented services, where to make profit the e-commerce vendors need not to lure potential buyers who are likely to purchase their products and services(Bressler 2001).

The investments have shifted towards customer satisfaction besides other essential factors to achieve business aims and objectives. Some of the customer oriented technologies are the call delivery, interactive voice reaction, PC telephone incorporation, information management systems, etc all geared towards packaging, delivery, public relations and customer service (Croteau and Li, 2003, p. 22).

This is in contrast with the former ideology where enterprises considered customer service utility as an expense venture and non profitable (Clarke 2004)

Although if the goals of an enterprise towards customer relations does not go as planned consequentially it can lead to drastic failure for the enterprise i.e. customer dissatisfaction is likely to occur if the customer service does not fulfill its purpose.

The comparison between the traditional offline business transaction and the e-commerce business transactions indicate that despite the adoption of e-commerce as major prospects in maximization of profit through larger market reach, offline business transaction is still there to stay.

This is because despite the influence brought about by the internet and the www, offline business transaction is still preferred and more secure, the low market reach or the personal communication with the real vendor has made most of the consumers more addicted to the offline transaction mode(Croteau and Li 2003). Hence, online e-commerce transaction has come with it some challenges that are facing the corporate world.

Most if the online product consumers are not likely to use or conduct a transaction in an insecure website. Also as per the requirement of the online vending, e-commerce presents a more insecure information dissemination which has not been adopted by most of the consumers. This is because not all consumers will easily agree to give out his personal details to an online form before being assured of his/her security and the information being given.

Also trust issue is a problem in the use of e-commerce business transaction; this has caused a division in the business world with some enterprises ideologically refusing to devolve in the e-commerce assuming that e-commerce will never surpass the offline business transaction. Hence, this has created a competitive advantage to some enterprises that have adopted, secured and gained the devotion needed from its consumers and still acquiring others (R. e. Feinberg 2002).

Alba, Joseph et al. “Interactive home shopping: consumer, retailer and manufacturer incentives to participate in electronic marketplaces.” Journal of Marketing , 61(1997): 38-53. Print.

Bailor, Coreen. “Furnishing Service Excellence.” CRM magazine, Feb. 2006. Destinationcrm.com. Web.

Beasty, Colin. “Retail’s 2 Worlds. Tips on Integrating Online and Offline Channels.” CRM magazine. 1 Mar. 2006. Destinationcrm.com. Web.

Bharati, Pratyush, and Abhijit Chaudhuri. “Product Customisation on the Web: An Empirical Study of Factors Impacting Choiceboard User Satisfaction.” Information Resource Management Journal , 19.2(2006): 69-82. Print.

Bhaskar, Rahul. “A customer relationship management system to target customers at Cisco.” Advanced Topics in Electronic Commerce . 1(2005): 209-221. Print.

Bressler, Martin. Internet CRM must have human touch. Chicago: Marketing News, 2001. Print.

Cho, Yooncheong, Im, II, and Roxanne Hiltz. “The impact of e-services failures and customer complaints on electronic customer relationship management.” Journal of Consumer Satisfaction, Dissatosfaction and Complaining Behavior , 16(2003): 106-118. Web.

Clarke, Irvine III and Theresa Flaherty. “Challenges of transforming a traditional brick-and mortar into bricks-and-clicks model: a small business case study.” Journal of Electronic Commerce in Organisation , 2.4(2004): 74-89. Print.

Croteau, Anne-Marie and Peter Li. “Critical success factors of CRM technological initiatives.” Canadian Journal of Administrative Sciences , 20.1(2003): 21-35. Print.

Etzin, Opher, Amit Fisher, and Segev Wasserkrug. “e-CLV: A modeling approach for customer lifetime in e-commerce domains, with an application and case study for online auction.” Information System Frontiers , 7.4-5(2005): 421-434. Print.

Feinberg, Richard. et al. “The state of electronic customer relationship management in retailing.” International Journal of Retail & Distribution Manegement , 30.10(2002): 470-482. Print.

Feinberg, Richard & Rajesh Kadam. “E-CRM web service attributes as determinants of customer satisfaction with retail web sites.” International Journal of Service Industry Management , 13.5(2002): 432-451. Print.

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Essay on The Era of Digitalization

Students are often asked to write an essay on The Era of Digitalization in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on The Era of Digitalization

The dawn of digitalization.

Digitalization is the process of converting information into a digital format. It began with the introduction of computers, revolutionizing how we store and access information.

Impact of Digitalization

Digitalization has a massive impact on our lives. It has made information easily accessible, improved communication, and revolutionized businesses. We can now learn, shop, and connect with people globally, thanks to digitalization.

Future of Digitalization

The future of digitalization is promising. With advancements like artificial intelligence and virtual reality, we can expect a world where digital technology is integrated into every aspect of our lives.

250 Words Essay on The Era of Digitalization

The advent of the digital age has revolutionized the world in a myriad of ways, from communication to commerce. It has ushered in an era of unprecedented connectivity and information access, transforming the way we live, work, and learn.

Impacts of Digitalization

Digitalization has democratized access to information, breaking down geographical and socioeconomic barriers. It has also led to the rise of e-commerce, reshaping the retail landscape and consumer behavior. Furthermore, it has significantly impacted education, with online learning becoming increasingly prevalent.

Challenges and Opportunities

However, the digital era is not without its challenges. Cybersecurity threats, privacy concerns, and the digital divide are pressing issues that need to be addressed. On the other hand, digitalization presents numerous opportunities. The proliferation of big data and artificial intelligence promises to drive innovation and productivity, while the rise of the gig economy offers new employment possibilities.

Future Prospects

As we move further into the digital age, we must strive to harness its potential while mitigating its risks. This will require a multi-faceted approach encompassing policy, education, and technology. The era of digitalization is here to stay, and it is up to us to shape its trajectory for the betterment of society.

500 Words Essay on The Era of Digitalization

The era of digitalization, a revolutionary epoch in human history, has been marked by the rapid transformation of data into digital format. This digital metamorphosis has significantly reshaped our socio-economic structures, influencing every sphere of human activity.

Facets of Digitalization

Digitalization is not confined to a single aspect of life. Instead, it is an all-encompassing phenomenon. From our daily routines to complex industrial processes, digitalization has permeated every corner of existence. The advent of e-commerce, online education, digital healthcare, and social media are testament to the profound influence of digitalization.

Impact on Economy

Digitalization has played a pivotal role in transforming the global economic landscape. By creating new business models and disrupting traditional ones, it has led to increased productivity and efficiency. Digital platforms have fostered a gig economy, providing flexible employment opportunities. Furthermore, the digital economy has democratized entrepreneurship, allowing anyone with an innovative idea to reach a global audience.

Effect on Society

Society has also been significantly impacted by the digital era. The proliferation of digital technology has enhanced communication, bridged cultural gaps, and facilitated the free flow of information. However, it has also given rise to issues such as digital divide, cybercrime, and privacy concerns, necessitating robust regulatory frameworks to ensure ethical use of digital technology.

Role in Education

The education sector has witnessed a paradigm shift due to digitalization. Traditional classroom-based teaching is being complemented and sometimes replaced by online learning platforms. These offer personalized learning experiences and foster a self-paced learning environment. However, the digitalization of education also poses challenges in terms of access and quality, particularly in under-resourced regions.

Implications for Healthcare

Digitalization has revolutionized healthcare, introducing concepts like telemedicine, electronic health records, and digital therapeutics. It has improved patient care, facilitated medical research, and enabled remote healthcare delivery. However, issues related to data security and interoperability remain to be addressed.

The Future of Digitalization

The era of digitalization is still unfolding, promising a future of endless possibilities. Emerging technologies like artificial intelligence, blockchain, and the Internet of Things (IoT) are set to further accelerate this digital revolution. However, as we embrace this digital future, it is crucial to address the challenges posed by digitalization and strive for an inclusive, sustainable, and ethical digital world.

In conclusion, the era of digitalization represents an unprecedented shift in human civilization. It has transformed economies, societies, and industries, promising a future of immense potential. As we navigate this digital age, it is essential to harness its benefits while mitigating its challenges, ensuring a balanced and equitable digital future.

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The Impact of Digital Life on Society

A sociological perspective on digitalization and its effects.

Essay , 2018 , 5 Pages , Grade: 1,0

Autor:in: Sven Meyer (Author)

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This essay investigates the impact of digital life on society. Therefore, in order to come to a conclusion, positive and negative impacts will be discussed. On the one hand, its current impact will be mentioned. On the other hand, possible future impacts will be shown as well. Negative influence on friendships, caused by online communication, have an impact on the trust between people. Digital overload causes stress and emotional disadvantages. However, digital development enables innovation and other aspects that make humans life easier. The healthcare industry benefits from the digital life, whether it is about the control of pregnancy or access to information. Wearables will play a key role in the future and shall relieve effort. Another benefit is the use of efficient services. Digital life allows us to receive online education at any time and almost everywhere. Information for research can be easily found through search engines which can provide thousands of results for a single question. Online platforms allow a faster, more efficient way to get purchases done with the added comfort of doing it from wherever you want to. In the end, the benefits of digital life on society overweigh the negative aspects.

Inhaltsverzeichnis (Table of Contents)

• The Impact of digital life on society
• Negative Impacts
• Inattentive Behaviour
• Information Overload
• Influence on Friendships
• Diminishing Offline Friendships
• Concentration and Distraction
• Cyber-terrorism and Privacy
• Changes in Understandings
• Positive Impacts
• Benefits of the Internet
• Innovation and Networking
• Benefits for the Healthcare Industry
• Efficient Services
• Continuing Development of Informational Sharing
• Health Aspects
• Further Opportunities
• The Benefits of the Digital Life Overwhelm the Negative Aspect of this Argumentation
• Foresight and Predictions

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This essay examines the current state of digital life and its impact on society. The author explores both the advantages and disadvantages of digital life, analyzing its influence on various aspects of human experience, including work, relationships, health, and education. The essay then weighs the benefits against the drawbacks to determine the overall impact of digital life on society.

• The impact of digital life on individuals and society
• The advantages and disadvantages of digital life
• The influence of digital life on various aspects of human experience, such as work, relationships, health, and education
• The future of digital life and its implications for society
• The need for foresight and prediction in shaping the future of digital life

Zusammenfassung der Kapitel (Chapter Summaries)

• The Impact of digital life on society: This section introduces the topic of digital life's impact on society and outlines the essay's focus on both the benefits and drawbacks of digital life.
• Negative Impacts: This section explores the negative impacts of digital life, including inattentive behavior, information overload, the influence on friendships, diminishing offline relationships, concentration and distraction caused by technology, and the potential for cyber-terrorism and privacy violations.
• Positive Impacts: This section highlights the positive impacts of digital life, such as the benefits of the internet for communication, education, and access to knowledge; the potential for innovation and networking; the positive effects on the healthcare industry; the convenience and efficiency of online services; the ongoing development of information sharing and automation; and the promise of future opportunities.
• The Benefits of the Digital Life Overwhelm the Negative Aspect of this Argumentation: This section concludes the essay's argument by emphasizing the overall positive impact of digital life on society despite its potential drawbacks.
• Foresight and Predictions: This section concludes the essay with a call for foresight and prediction in shaping the future of digital life to mitigate potential negative impacts.

Schlüsselwörter (Keywords)

Digital life, society, advantages, disadvantages, impact, relationships, work, health, education, information overload, cyber-terrorism, privacy, innovation, networking, healthcare, efficient services, automation, future, foresight, prediction.