The Role of Digital Economies in the Development and Growth in Asian Business Models

Abstract

This chapter discusses the development of information and communication technology across Asian economies. Digital technology is the presentation of information in bits that emphasize digital technology which covers all business, financial, social, and cultural events that are supported by the web and other digital communication technologies. Technology has minimized the cost of storage, and flow of information. In the last 15 years, digital technology has affected human lives and the chapter examines how digital technology changes economic activity. There are three principal segments: e-business, e-business framework, and e-commerce. The digital economy is known as the web economy because of its dependence on the network. Modern technologies, cloud computing, mobile app, and social media influence the business landscape, reshaping the idea of work, boundaries of enterprises, and the obligations of business pioneers. Thus, the digital economy features the opportunity for organizations and people to execute existing tasks on the PC more frequently than before.