What is digital economy?

What is digital economy?

By Mister.D | MisterD | 19 Jun 2020


The digital economy era is a new form of economic and social development after the agricultural economy and the industrial economy. The basic element of the agricultural economy is land, the basic element of the industrial economy is machinery, and the basic element of the digital economy is big data.

As a basic and strategic resource, big data is a “rich ore” that improves people’s quality of life and national governance. In the strategic layout of the "new infrastructure" that the country attaches great importance to, the establishment of the big data center also hopes to help the construction of a solid information "foundation", promote the data elements to participate in the creation and distribution of more value, and ensure high-quality social development.

Online retailing has lower operating costs and higher operating efficiency. For a retail enterprise, inventory turnover days and billing periods are the two most important indicators to measure the operating efficiency of an enterprise. Online retailers use these two indicators The performance on Shanghai is much higher than offline retail stores. The advantages of physical retail under the online retail wired network, such as massive containers, are not limited by physical space.

The development of digital categories has experienced the development path from standardized products to non-standardized products. Most of the early online retailing started with standardized products, such as books and drinks, but there are great opportunities for non-standardized products and personalized products. For example, fresh e-commerce, the standardization is very low, the circulation loss is very large, and fresh food is a High-frequency consumption has very good development prospects.

Sorry English is not my first language, please pardon me.


Mister.D
Mister.D

Blogger | Artist| Judoka | Entrepreneur Sorry for my English, I learn it myself online


MisterD
MisterD

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