Competition in the digital economy
Posted: Sun Feb 02, 2025 5:00 am
An economic and social revolution is taking place that affects the strategies of companies and the way they relate to their suppliers and customers. This new model is driven by the use of the Internet, Web 2.0, social networks and, above all, new technologies. This has increased productivity and competitiveness , and has generated opportunities for advancement in the business world.
Changes brought about by the digital revolution
Previously, when a company produced a good, it was limited to the physical aspects , and the digital economy has changed this. Products are no longer worth only what they cost to produce, but now they have intangible costs added to them. It is no longer the price that often decides whether to buy one brand or another, but the ideas and concepts that the brand represents .
This type of new economy has been around for decades, but the emergence of the digital revolution has changed the world of information . Companies can digitize data, texts, sounds or images, and this allows them to move them anywhere in the world thanks to electrical impulses. In addition, the cost of distributing the digitized goods through communications networks is much lower than any other type of transport.
big companies
In the industrial economy , supply malaysia number data were physical. In this case, if demand was high, the economy would collapse due to rising prices. The problem in today's economy is that consumption of digital products is growing without limits , as they are not affected by the physical capacity restrictions of factories.
In the previous stage, the main function of technology was to support the business areas, and information was only provided to selected people. Today, technology generates the business itself and also distributes ideas and concepts among all the people involved in it. Companies leave everything related to the production and distribution of physical goods in the hands of third parties , while those that continue to maintain the traditional model and focus their source of wealth on the correct management of intangible resources. This creates a gap between companies that follow the old methods that produce undifferentiated goods and those that remain distinguished by the ideas and concepts they transmit.
You may be interested in : How can companies take advantage of the Internet?
The new economy focuses on resources that, when digitized, become unlimited. The key to this era is ideas that can be stored and distributed without limits or costs . For example, a brand that sells t-shirts has to focus its efforts on transmitting its concept throughout the world. To do this, it can delegate this function to companies specialized in communicating ideas globally and thus not have to do it in each of the countries where its brand is sold. The first time that the communication company has to create a message in the form of a presentation, it will have a high cost, but thanks to digitization, digital copies can be made without costs , which will also save time when transmitting the message to all workers since it will not be necessary to do it in person.
technology in the company
But is making copies really free? No, but it is true that distribution costs are reduced . Imagine if instead of being able to send the presentation by email, you had to send it by post, which would increase the cost considerably.
Currently, the digital and industrial economies coexist, but the latter are lagging behind due to the fact that they do not launch into selling undifferentiated products. To make the change, it is possible that there will first be several failures, the only thing necessary to overcome them is to have the desire to face the new and not believe that these changes are the product of a fad.
Your company is surely already immersed in the digital economy, and browsing at maximum speed is essential in this case. Therefore, do not hesitate to hire the best Internet rate for your company . If you have any questions, call us at 1496 or check our website.
Changes brought about by the digital revolution
Previously, when a company produced a good, it was limited to the physical aspects , and the digital economy has changed this. Products are no longer worth only what they cost to produce, but now they have intangible costs added to them. It is no longer the price that often decides whether to buy one brand or another, but the ideas and concepts that the brand represents .
This type of new economy has been around for decades, but the emergence of the digital revolution has changed the world of information . Companies can digitize data, texts, sounds or images, and this allows them to move them anywhere in the world thanks to electrical impulses. In addition, the cost of distributing the digitized goods through communications networks is much lower than any other type of transport.
big companies
In the industrial economy , supply malaysia number data were physical. In this case, if demand was high, the economy would collapse due to rising prices. The problem in today's economy is that consumption of digital products is growing without limits , as they are not affected by the physical capacity restrictions of factories.
In the previous stage, the main function of technology was to support the business areas, and information was only provided to selected people. Today, technology generates the business itself and also distributes ideas and concepts among all the people involved in it. Companies leave everything related to the production and distribution of physical goods in the hands of third parties , while those that continue to maintain the traditional model and focus their source of wealth on the correct management of intangible resources. This creates a gap between companies that follow the old methods that produce undifferentiated goods and those that remain distinguished by the ideas and concepts they transmit.
You may be interested in : How can companies take advantage of the Internet?
The new economy focuses on resources that, when digitized, become unlimited. The key to this era is ideas that can be stored and distributed without limits or costs . For example, a brand that sells t-shirts has to focus its efforts on transmitting its concept throughout the world. To do this, it can delegate this function to companies specialized in communicating ideas globally and thus not have to do it in each of the countries where its brand is sold. The first time that the communication company has to create a message in the form of a presentation, it will have a high cost, but thanks to digitization, digital copies can be made without costs , which will also save time when transmitting the message to all workers since it will not be necessary to do it in person.
technology in the company
But is making copies really free? No, but it is true that distribution costs are reduced . Imagine if instead of being able to send the presentation by email, you had to send it by post, which would increase the cost considerably.
Currently, the digital and industrial economies coexist, but the latter are lagging behind due to the fact that they do not launch into selling undifferentiated products. To make the change, it is possible that there will first be several failures, the only thing necessary to overcome them is to have the desire to face the new and not believe that these changes are the product of a fad.
Your company is surely already immersed in the digital economy, and browsing at maximum speed is essential in this case. Therefore, do not hesitate to hire the best Internet rate for your company . If you have any questions, call us at 1496 or check our website.