Chapter 1 - The Digital Economy

Question 1

What is digital economy?

Answer 1

An economy based on Information and Communication Technology (ICT)

Question 2

What are the biggest corporations in the world?

Answer 2

Amazon, Microsoft, Alphabet (Google), Apple, Facebook, and Tencent

Question 3

What are digital conglomerates?

Answer 3

Companies, whose business operations have expanded far beyond their original business idea

Question 4

What is a disruptive innovation?

Answer 4

An innovation which creates a new market, in which usually emerge new leadership dynamics

Question 5

What is e-commerce? What two important elements we find?

Answer 5

It is the online trading of physical and digital goods. Two important elements are user feedback and recommendations

Question 6

What are the THREE technological evolutions?

Answer 6

1. Digitization of data
2. Development of ICT infrastructures
3. Digital storage

Question 7

What is 1. Digitization of data?

Answer 7

It is data encoded as a sequence of bits (0 - 1). Example: digitally encoded telephone services, where voice is transformed in data and then retransformed in voice to the receiver.

Question 8

What does Moore’s law state?

Answer 8

The total number of transistors on microchips doubles every 2 years since the 1970s.

Question 9

What’s the percentage of the world population to have access to the Internet?

Answer 9

60%