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Digital transformation (DT) is the process of adoption and implementation of digital technology [1] [2] [3] by an organization in order to create new or modify existing products, services and operations by the means of translating business processes into a digital format.
This paper is the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies (CBDCs). For the purpose of this paper, a CBDC is defined as a digital liability of a central bank that is widely available to the general public. In this respect, it is analogous to a digital form of paper money.
Advertising revenue as a percent of US GDP shows a rise in digital advertising since 1995 at the expense of print media. [1]Digital marketing is the component of marketing that uses the Internet and online-based digital technologies such as desktop computers, mobile phones, and other digital media and platforms to promote products and services.
The term digital economy came into use during the early 1990s. For example, many academic papers were published by New York University’s Center for Digital Economy Research. The term was the title of Don Tapscott's 1995 book, The Digital Economy: Promise and Peril in the Age of Networked Intelligence.
Internet Archive book scanner. Digitization [1] is the process of converting information into a digital (i.e. computer-readable) format. [2] The result is the representation of an object, image, sound, document, or signal (usually an analog signal) obtained by generating a series of numbers that describe a discrete set of points or samples. [3]
A digital bank represents a virtual process that includes online banking, mobile banking, and beyond. As an end-to-end platform, digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels, and the middleware that connects these nodes.
A digital twin can merge the product physical and virtual space. [15] The digital twin enables companies to have a digital footprint of all of their products, from design to development and throughout the entire product life cycle. [16] [17] Broadly speaking, industries with manufacturing business are highly disrupted by digital twins. In the ...
Being Digital is made up of an introduction, three parts, and an epilogue. In the first part Negroponte discusses the fundamental difference between bits and atoms. He describes "atoms" as a weighted mass form such as a book and "bits" as "instantaneous and inexpensive transfer of electronic data" that "move at the speed of light."