Electricity for the 21st century: digital electricity for a digital economy

2004 ◽  
Vol 26 (2-3) ◽  
pp. 209-221 ◽  
Author(s):  
Kurt E. Yeager
Keyword(s):  
21St Century ◽  
Digital Economy

The use of ICT by SMMEs in a Digital Economy: A case study in Buffalo City Metropolitan in South Africa [Abstract]

10.28945/4314 ◽  
2019 ◽  
Keyword(s):  
South Africa ◽  
Technology Acceptance ◽  
21St Century ◽  
Common Knowledge ◽  
Digital Economy ◽  
Future Research ◽  
Wealth Creation ◽  
Underdeveloped Areas ◽  
And Gender ◽  
Set Up

Aim/Purpose: The goal of this study is to advance understanding of ICT utilization by SMMEs by checking access, ability (in terms of technological skills) and usage of ICT among some SMMEs entrepreneurs operating their businesses in an underdeveloped areas to enhance their business activities in order to utilizes the digital opportunities 21st century digital economies present. Background: In today’s world no nation or region is untouched by the forces of globalization and digital economy. One of the key pioneering forces of globalization is the advances of ICT like internet, social networks, etc. In the sphere of business, this pioneering force has also altered the way businesses and organizations communicate and interact with customers and society at large. Such alternation presents obvious opportunities for wealth creation and growth for businesses and organizations that are well-equipped to take advantages of them. But for those that are less-equipped, particularly SMMEs, globalization can easily lead to fore-closures and marginalization. It is a common knowledge that SMMEs entrepreneurs mostly rely on ICT gadgets like mobile phone, Laptops, Tablets to conduct their business activities as many of them don’t have enough capital to set up offices with necessary equipment. Therefore, using various ICT functions/programs on these ICT devices to enhance their business activities are critical to their businesses in the 21st century digital economies. Methodology: Purposeful sampling was used to approach fifty-four SMMEs entrepreneurs operating their businesses in underdeveloped areas locally called Townships in Buffalo City Metropolitan. Microsoft excel was used in the descriptive statistics. Contribution: This research will add to the growing knowledge ICT usage in SMMEs in the 21st century digital economies. Findings: The results indicate that the participating SMMEs entrepreneurs need to be educated, trained and supported in the use of the ICT applicable to enhance their business activities in order for them to take advantages of 21st century digital economies present. Recommendations for Practitioners: The agencies tasked with looking after SMMEs in South Africa needs to consider the lacked of utilisation of ICTs by SMMEs entrepreneurs operating their businesses in underdeveloped areas as one of the barrier to growing of their businesses and take necessary steps to address it. Recommendation for Researchers: Since age and gender have been proven to be key-moderating variables in many technology acceptance models. There is a need to explore in depth whether the factors of gender and age also act as barriers. Impact on Society: The research will assist stakeholders, policy makers and agencies tasked with looking after SMMEs to identify the barriers hindering SMMEs to grow and address them accordingly. Future Research: More work needs to be done to check whether gender, age of the SMMEs entrepreneurs have some effects on their attitude towards the integration of ICT into their business activities.

The use of ICT by SMMEs in a Digital Economy: A case study in Buffalo City Metropolitan in South Africa

10.31355/74 ◽  
2018 ◽  
Vol 2 ◽  
pp. 159-168
Keyword(s):  
South Africa ◽  
Technology Acceptance ◽  
21St Century ◽  
Common Knowledge ◽  
Digital Economy ◽  
Future Research ◽  
Wealth Creation ◽  
Underdeveloped Areas ◽  
And Gender ◽  
Set Up

Aim/Purpose.................................................................................................................................................... The goal of this study is to advance understanding of ICT utilization by SMMEs by checking access, ability (in terms of technological skills) and usage of ICT among some SMMEs entrepreneurs operating their businesses in an underdeveloped areas to enhance their business activities in order to utilizes the digital opportunities 21st century digital economies present. Background........................................................................................................................................................ In today’s world, no nation or region is untouched by the forces of globalization and digital economy. One of the key pioneering forces of globalization is the advances of ICT like internet, social networks, etc. In the sphere of business, this pioneering force has also altered the way businesses and organizations communicate and interact with customers and society. Such alternation presents obvious opportunities for wealth creation and growth for businesses and organizations that are well equipped to take advantages of them. However, for those that are less-equipped, particularly SMMEs, globalization can easily lead to fore-closures and marginalization. It is a common knowledge that SMMEs entrepreneurs mostly rely on ICT gadgets like mobile phone, Laptops, Tablets to conduct their business activities as many of them do not have enough capital to set up offices with necessary equipment. Therefore, using various ICT functions/programs on these ICT devices to enhance their business activities are critical to their businesses in the 21st century digital economies. Methodology.................................................................................................................................................. Purposive sampling has been used to approach fifty-four SMMEs entrepreneurs operating their businesses in underdeveloped areas locally called Townships in Buffalo City Metropolitan. Microsoft excel was used in the descriptive statistics. Contribution............................................................................................................................................... This research will add to the growing knowledge ICT usage in SMMEs in the 21st century digital economies. Findings....................................................................................................................................................... The results indicate that the participating SMMEs entrepreneurs need to be educated, trained and supported in the use of the ICT applicable to enhance their business activities in order for them to take advantages of 21st century digital economies present. Recommendations for Practitioners .......................................................................................................... The agencies tasked with looking after SMMEs in South Africa needs to consider the lacked of utilization of ICTs by SMMEs entrepreneurs operating their businesses in underdeveloped areas as one of the barrier to growing of their businesses and take necessary steps to address it. Recommendation for Researchers ........................................................................................................... Since age and gender have been proven key-moderating variables in many technology acceptance models. There is a need to explore in depth whether the factors of gender and age also act as barriers. Impact on Society ....................................................................................................................................... The research will assist stakeholders, policy makers and agencies tasked with looking after SMMEs to identify the barriers hindering SMMEs to grow and address them accordingly. Future Research........................................................................................................................................... More work needs to be done to check whether gender, age of the SMMEs entrepreneurs have some effects on their attitude towards the integration of ICT into their business activities.

Strategic Digital Informing and Its Challenges in the 21st Century

2022 ◽  
pp. 23-36
Keyword(s):  
Software Engineering ◽  
Cognitive Science ◽  
20Th Century ◽  
21St Century ◽  
Information Technologies ◽  
Digital Economy ◽  
Early 20Th Century ◽  
Strategic Information ◽  
Analysis And Evaluation ◽  
History Of

This chapter examines the challenges faced by digital informing technologies and civilization in the 21st century. The chapter begins by analyzing (1) the stages of development of strategic information technologies from the early 20th century up to the present as well as (2) the strategies adopted by informing science specializations (such as cognitive science, software engineering, etc.). Next, the chapter surveys major innovations in the history of strategic information technologies. This is followed by an analysis and evaluation of the concept of a laborless economy. The chapter concludes by positing a set of rules for workers in the digital economy that will ensure the wise development of civilization.

scholarly journals Basic competitive strategies of the digital economy

2021 ◽  
Vol 14 (1) ◽  
pp. 21-27 ◽  
Author(s):  
N. S. Zaytsev
Keyword(s):  
21St Century ◽  
Digital Economy ◽  
Competitive Strategies ◽  
Individual Strategy ◽  
The Right ◽  
Goals And Objectives

In the 21st century, in the era of universal globalization and digitalization, one of the most important parameters and criteria for the effectiveness and demand for a manufactured product or service is competitiveness, realized by choosing the right and effective competitive strategies. To identify and distinguish from the whole variety of competitive strategies that will take into account and reflect the challenges of the digital economy, it is very important to identify the main, key strategies, or in other words, the base from which you can later build and develop an individual strategy that reflects the goals and objectives of the organization participating in the digital economy market.

scholarly journals THE CHALLENGE FOR ECONOMICS FROM THE NEW “DIGITAL” ECONOMY: SHARING AND COLLABORATIVE ECONOMY THROUGH THE “PLATFORMS NEOCAPITALISM” OF THE 21ST CENTURY

2021 ◽  
Vol 6 (1) ◽  
pp. 156-160
Author(s):  
Jose Rodolfo Hernandez-Carrion ◽  
Keyword(s):  
21St Century ◽  
Public Support ◽  
Sharing Economy ◽  
Digital Economy ◽  
Massive Data ◽  
Digital Platforms ◽  
New Challenges ◽  
The Government

The so-called collaborative or sharing economy constitutes a multifaceted concept of increasing relevance and evolving in definition that will constitute the focus of our study. This article is presented methodologically as a macro-synthesis of the main trends of the economy, from its local and global spheres, in the convergence that can be glimpsed from the new phenomenon that we are dealing with of neo-capitalism based essentially on digital platforms and media. Some have already advanced it as turbo-capitalism or capitalism 3.0, in increasing expansion from the analysis of massive data from digital platforms. The resulting greater efficiency of decentralization and heterogeneity can be exploited by communities. We claim the need to support the constitution of public support that can constitute the response of the government to the multiple new challenges posed by what we are calling as “platform neocapitalism”, which dilutes countries in a planetary and accelerated scale, unimaginable at the beginning of the present 21st century. Keywords: sharing economy, digital platforms, collaborative economy

scholarly journals Properties of Mass Consciousness in the Digital Economy

2021 ◽  
Vol 13 (1) ◽  
pp. 82-95
Author(s):  
P. E. Zhiburt ◽  
V. S. Kazarova ◽  
E. V. Kruchinkina ◽  
A. E. Chikunova
Keyword(s):  
21St Century ◽  
Digital Economy ◽  
Present Stage ◽  
Digital Society ◽  
Mass Behavior ◽  
Mass Consciousness ◽  
Historical Retrospect ◽  
Definition Of

The article considers the theoretical aspects of mass consciousness and its forms, the essential characteristics of mass behavior, as a result of which the definition of this term is formulated and corrected. The authors  analyze the evolution of concepts of mass consciousness in historical retrospect and at the present stage, its features in the conditions of transition to the digital economy. A fresh look at the problem of mass manipulation in a digital society through various mechanisms is given, and the transformation of mass behavior in the 21st century is analyzed by comparison.

DIGITALIZATION: THE LIMITS OF GROWTH IN THE 21ST CENTURY

2020 ◽  
Vol 3 (12) ◽  
pp. 4-16
Author(s):  
D. V. IVANOV ◽  
◽  
A. I. ANDREEV ◽  
Keyword(s):  
Social Development ◽  
21St Century ◽  
Technology Development ◽  
Social Economic ◽  
Digital Technologies ◽  
Digital Economy ◽  
Rate Of Growth ◽  
Digital Development ◽  
The Creation ◽  
Knowledge Intensive

The paper shows that the main limit to the growth of "digitalization" in the XXI century may be not so much the limits of technology development, but rather the difficulties with staffing such a knowledge-intensive process as digital development. This problem is mainly associated with a decrease in the rate of growth of the World's population, which is determined by other social, economic, and factors. The personnel problem of the development of the digital economy is based on the need to maintain the number of researchers and the intensity of solving the problems of economic and social development through the creation and implementation of digital technologies. Solving this problem in the coming decades may face a chronic shortage of specialists to implement the most ambitious plans.

On the tradition of teaching basic economic theory at Moscow University: past, present, future

2021 ◽  
pp. 237-254
Author(s):  
Olga Antipina ◽  
Nina Miklashevskaya
Keyword(s):  
Economic Theory ◽  
21St Century ◽  
Digital Economy ◽  
Early 21St Century ◽  
Practical Orientation ◽  
Theoretical Approaches ◽  
Economic Reality ◽  
The Subject ◽  
New Generation ◽  
Historical Periods

The article examines the tradition of teaching economic theory at Moscow University since the late 19th to the early 21st century through basic textbooks, which reflect the specificity, theoretical and practical problems of the corresponding historical periods. The narrative proposed shows the emergence of innovative textbooks that embody the breakthroughs in both the subject and method of economic theory and the methodology for its teaching. Apprehension of students and recognition of colleagues have become well-deserved attributes of manuals by A.I. Chuprov, N.A. Tsagolov and Yu.N. Cheremnykh. As well as many others, they absorbed, developed, and passed on from generation to generation the experience of teaching fundamental economic disciplines. Drawing on the «pendulum principle» widely used in the research of various intellectual thoughts, the authors show the main features of the new generation of textbooks that will be in demand by students and teachers shortly. While maintaining consistency in reflecting economic reality, the new manuals should meet the requirements of digital economy, such as fundamental and, at the same time, practical orientation of students. According to the authors, basic courses and textbooks on economic theory will be more interactive while their content expansion will occur due to behavioral aspects at both micro- and macrolevels. That will allow students to learn the principles of mainstream and alternative theoretical approaches to solving urgent practical problems.

scholarly journals The crypto currency as money of digital economy

2021 ◽  
Vol 244 ◽  
pp. 10021
Author(s):  
Egor V. Dudukalov ◽  
Yulia A. Geroeva ◽  
Mariya A. Shtepa ◽  
Denis Ushakov
Keyword(s):  
21St Century ◽  
Empirical Data ◽  
Financial Regulation ◽  
Digital Economy ◽  
Business Development ◽  
Digital Transformation ◽  
Quantitative Methodology ◽  
Statistical Tool ◽  
Crypto Currency

The digitalization of monetary and foreign exchange circulation is one of the leading institutional and infrastructural transformations at the beginning of the 21st century, affecting not only the long-term interests and priorities of business development and state progress, but also the very principles of public-private relations within the socio-economic system. The article assess opinions of 350 experts from 8 sectors of the economy of Russia and Thailand for the prospects of cryptocurrency (on the example of Bitcoin) introducing into official calculations, turnover, accumulation, as well as the readiness of business and state for this digital transformation in context of the Digital Economy trend globalization. The research implemented the quantitative methodology throughout using a survey and the data had been treated using SPSS statistical tool for hypotheses validation. The empirical data obtained confirmed the priorities of the factors for accelerating the currencies cryptotization, identified the main problems of Russian and Thai business, pessimizing the potential for using Bitcoins, and the concept of state financial regulation modernizing in the dynamics of digitalization.

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