The Digital Economy

As IT expanded, it brought with it change, and a renewed interest in what human beings could accomplish if they simply put themselves to the task at hand. Because human beings decided to find out, technology began to grow at a very rapid rate. Now, it is not that technology is changing so fast, it is just that many different components of it are changing all at once (Harris, 2002). As for the power behind the changes, much of that has come from entrepreneurs and other businesspeople that want to see things work better, faster, and smoother. They are also interested in the most possible profit they can get, which causes them to be interested in any kind of cost-effective technology that can help them reach that goal. The more work that entrepreneurs were willing to do to help themselves, the more they also urged technology forward (Harris, 2002).

             While the IT sector is not officially in control of the global economy yet, it soon will be (Brotman, 2001). Technology is advancing so rapidly that there is no reason to expect it to suddenly stop, or stranger yet, disappear. Because technology has come so far, businesses must go along with it. They will be left behind if they do not take an interest in technology and the digital economy now. Technology and e-commerce are fast becoming the way that people do business. This trend will only continue and will be very difficult to ignore in the next few years. Without taking action now, businesses will be struggling when all of their competitors have the digital and economic advantage. The outlook is very good for the digital economy. The main reason that this new form of business will do so well is because it is based on a form of business that works and has been around for a long time (Sahlman, 1999). While some people, especially in the United States government, are panicky and concerned about an economic crash, many people are coming to the realization that not only is the digital economy on a sound footing, but it is also going to be here.

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