the increasing digitization of personal information combined with international movement of people creates real risks of cybersecurity.
and develop their respective industries through cooperative projects. 3. Tools and Policies 47 P. 1. 4. SME Digitisation In order to increase the use of information and communication technologies by small and mediumsized enterprises,
along with digitisation drivers, such as e-commerce and e-invoicing. P. 1. 5. Digital Skills amongst Citizens In the knowledge society, it is vital to provide citizens with the appropriate tools for their professional development.
and develop their respective industries through cooperative projects. 3. Tools and Policies 47 P. 1. 4. SME Digitisation In order to increase the use of information and communication technologies by small and mediumsized enterprises,
along with digitisation drivers, such as e-commerce and e-invoicing. P. 1. 5. Digital Skills amongst Citizens In the knowledge society, it is vital to provide citizens with the appropriate tools for their professional development.
digitization and systematisation of such information, the sorting of information in databases and disclosure and interpretation of information.
but also Hungarian SMES could participate in FAIR, primarily related to the construction of detectors and performance of digital data processing.
to cultural contents (ebooks, online platforms for music and movies, digitisation and access to Europe's cultural heritage79.
and account for up to 4. 5%of the total EU GDP and some 3. 8%of its workforce,'Building a Digital economy:
context characterised in particular by digitisation and globalisation, offering great opportunities for the sectors but making it necessary for them to develop new skills,
the development and use of new information technologies (for example to promote the digitisation of cultural heritage), strengthening of entrepreneurship in CCIS,
For small, rural and isolated communities, broadband communications development can favor economic and social integration by facilitating access to goods and new, superior services as well as participating facilities in digital economy or information society.
B. Europe Strategy 2020 Europe strategy 2020 designed for a period of 10 years focuses on developing a digital economy, the promotion of low-carbon, encouraging development of new products and modernizing
el fin de alcanzar una cobertura que permita el acceso a una velocidad de 30 megabits por segundo (Mbps) o superior
6. 1 The deployment of telecommunications networks and services to ensure digital connectivity. 6. 2 Develop the digital economy for companies growth
and services to ensure digital connectivity. 2. To develop the digital economy for the growth and competitiveness of enterprises. 3. To improve the effectiveness,
therefore potentially one way to support this growing social-digital economy. Yet to be of any use,
while helping Europe to reap the benefits of the booming digital economy, Microsoft's senior director for EU institutional Affairs said.
At the same time, digitisation created six million jobs globally in 2011, despite the economic downturn, as ICT is adopted widely in all corners of society.
in order to adjust it to the digital economy. Every year, approximately 100,000 new vacancies are created in an attempt to fill the gap between the‘e-skilled south'and‘e-demanding north'of Europe.
Athens signs National Coalition for Digital economy Greece is also signing the National Coalition for the Digital economy,
The National Coalition for Digital economy is our commitment. We mean it when we say that the digital literacy is on the top of our agenda,
Greek minister for Education Konstantinos Arvanitopoulos, told Euractiv Greece that the EU is prepared not efficiently for the challenges of the digital economy,
originally prepared for the White house Conference on Understanding the Digital economy: Data, Tools and Research, held at the U s. Department of commerce, Washington, D c.,25-26 may 1999.
Forthcoming in Understanding the Digital economy, eds. E. Brynolfsson and B. Kahin (eds. MIT Press. Please do not reproduce without author's expressed permission.
<paul. david@economics. ox. ac. uk>Understanding the Digital economy's Evolution and the Path of Measured Productivity Growth:
that mounting concerns about the absence of an evident link between progress in digital information technologies
"The precipitating event in the formation of this"problematic"view of the digital information technology was an offhand (yet nonetheless pithy) remark made in the summer of 1987 by Robert Solow, Institute Professor at MIT and Economics Nobel laureate:"
and so better understand their bearing upon the likely future productivity performance of the digital economy. Having persisted since 1989 in advancing the latter, regime transition interpretation of the so-called productivity paradox,
My approach to understanding the implications of the emerging digital economy continues to rest upon the idea that we are in the midst of a complex, contingent and temporally extended process of transition to a new, information intensive techno-economic regime;
therefore, that the supplanting of the Fordist regime by one developed around digital information processing and its distribution via electronic and electro-optical networks has turned out to be an affair in
the future may well bring a strong resurgence of the measured total factor productivity residual that could be attributed reasonably to the exploitation of digital information technologies.
The development and exploitation of digital information like previous profound historical transformations based upon new general purpose engines, turns out to entail a complicated techno-economic regime transition
particularly that of the diffusion of the electric dynamo, may justifiably be used as a source of insights into the dynamics of the digital economy and its productivity performance.
which is becoming increasingly widespread as digital information technologies diffuse throughout the economy, deserves further consideration. 3. 2 Leaving out investments in organizational change:
and the advent of digital information processing technologies in particular, having stimulated the creation of new software assets within the learning organizations,
One cannot simply infer the detailed future shape of the diffusion path in the case of the digital information revolution from the experience of previous analogous episodes;
which still lie before us in time. 6. Historical Perspectives on the Growth of Measured Productivity in the Digital economy 38 See David (1991a), Technical Appendix for this demonstration. 22 The historical trajectory of computer technology development, long overdue for change,
An analogous structural change has been envisaged, based on the development of digital information appliances--hand-held devices or other robust specialized tools that are carried on belts,
Prepared for the White house Conference on Understanding the Digital economy, WASHINGTON DC, May 25-6, 1999. David, Paul A,
Digital Agenda Targets Progress report Digital Agenda Scoreboard 2015 1 Digitisation has been changing not just our economy
which is affecting all sectors of the economy and society the digital economy. These changes are happening at a scale
Digitisation has been good for Europe. Between 2001 and 2011 digitisation accounted for 30%of GDP growth in the EU. However, in other countries,
the contribution of ICT to growth was much higher. In recent years, it has become clear that one reason for the relative mediocre performance
the world's largest index of the Internet, estimated the size at around 5 million terabytes of data (2005).
Eric commented that Google has indexed roughly 200 terabytes of that is 0, 004%of the total size.
and number of bytes coming in and out, or getting the state of disks on a system presenting the total volume, free space,
), the increasing video quality requirements (HDTV, 3d, SHV) and special application areas (virtual reality experience sharing
and two IEEE 802. 3u links at 100 Mbit/s. Fig. 3. Test scenario 1 We have modified the firmware of a Netgear router (Gigabit Open source Router with Wireless
a WAN port and four LAN up to 1 Gigabit/s) and cross-compiled the code,
Payload Size Control equal to 84 Bytes; and; Delivery Guarantee request. In this context, this need is informed, to the Service Layer,
Namedindividual"/>Application title>Master usp 1</Application title><Slave title>Slave usp a</Slave title><Payload size control>84 Bytes</Packet size control><Deliveryguarantee rdf: datatype="&xsd;
For example, it must be assumed that the core routers forward packets at line-speeds of tens of Gigabits per second
i e. number of pixels per spatial region in a video frame. Quality scalability, or commonly called SNR (Signal-to-noise-Ratio) scalability,
This is achieved by extraction and decoding of coarsely quantised pixels from the compressed bit-stream.
Beyond pixels: Exploiting camera metadata for photo classification. Pattern recognition 38 (6), 935 946 (2005) 2. Bradshaw, B.:
(and outside) an enterprise will have a digital image (a sort of‘avatar')that has been referred to as Future Internet Enterprise Resource (FINER) in the FINES Research Roadmap.
Intangible entity, for which a digital image is mandatory. Fig. 2. The FINER Pentagone All these FINERS will freely interact
and playable city ser Smart Cities and the Future Internet 439 vices based on real-time digital data representing digital traces of human activity and their context in the urban space.
which is expected to drive the digital economy forward in the coming years. However, most of the current city and urban developments are based on vertical ICT solutions leading to an unsustainable sea of systems and market islands.
innovation and the digital economy Empowering people, promoting SMES and flexicurity-Promoting entrepreneurship & SME development-Promoting employability & adaptability-Flexicurity:
driven primarily by the rapid expansion of the digital economy. Retail and wholesale are adapting at pace,
which analyses and discusses the managerial challenges of technological trends focusing on governance models, the transformation of work and collaboration as a consequence of the digitization of the work environment,
-Supported Cooperative Work CSFS Critical Success Factors Cxo C-level Manager DDS Digital data stream DMS Document management system ECM Enterprise
the first dimension concerns the unmatched quantity of data actually available and storable by businesses (terabytes or even petabytes), through the internet:
for example, 12 terabytes of Tweets are created every day into improved product sentiment analysis 6. BIG DATA Cloud computing Social networks Internet of things Mobile 80%of the world's data is unstructured.
Twitter processes 7 terabytes of data every day. Facebook processes 10 terabytes of data every day. 220 Terabytes of Web Data. 9 Petabytes of dat-a Web. 2 billion Internet users by 2011 (worldwide.
4. 6 billion Mobile phones (worldwide. 1 2 3 4 Veracity Fig. 1. 1 Big data drivers and characteristics 1. 1 Introduction 5 Velocity:
For example, at the state of the art Piccoli and Pigni 15 propose to distinguish the elements of digital data streams (DDSS) from‘‘big data'';
Whereas digital data streams (DDSS) are‘‘dynamically evolving sources of data changing over time that have the potential to spur realtime action''15.
terabyte-scale streams of unstructured data from phones in use, services, log files, and other sources.
, digital data streams (DDSS; the latter referring to streams of real-time information by mobile devices and internet of things, that have to be captured
the potential of digital data streams. MIS Q Exec 12: 143 154 16. Zuiderwijk A, Janssen M, Choenni S (2012) Open data policies:
Morabito V (2013) Business technology organization managing digital information technology for value creation the SIGMA approach.
and opportunities. 3. 2 Mobile Services Drivers and Challenges Mobility is currently one the main characteristics of today digital information infrastructures.
or digital data streams (as outlined in Chap. 1, which we refer the reader for further details).
Moreover, many other websites such as Google books and the New york times, use this kind of service for text digitization 22.
but it has become particularly relevant for companies that today have to operate in the new digital economy,
One of the major complexities of the digital economy also lies in the fact that the traditional value chain centered on the offer system has turned into a complex value network in
Conceptualizations The advent of the digital economy can be conceived really as a new industrial revolution both in terms of magnitude
and implement a business model able to deal with and exploit such characteristics of the digital economy.
Table 9. 7 compares the essential features of the processes of transformation of the traditional industrial economy on one side and that of the digital economy on the other.
In the transition from a traditional industrial digital economy the whole process of value creation is transformed entirely.
while, as already discussed, the digital economy is driven fundamentally by customer demand. In the digital economy, the essential input of the value creation process is information itself, for example,
customer profiles and preferences that companies need to collect, organize, select, synthesize and distribute 37 in the transformation process to be able to provide customers with customized solutions.
information, in the digital economy, is an essential source of value and every business is an information business 38.
Information and knowledge play a crucial role both in the traditional and the digital economy. However, in the industrial economy knowledge generation and application processes are aimed essentially at making production more efficient through cost reductions
while in the digital economy they are directed mainly to intercepting the customer's preferences and expand his choice.
The digital economy offers companies a variety of tools (e g.,, web-based supply chain management 176 9 Reinventing Business models systems, online commerce,
and the digital economy Industrial economy Digital economy Business process orientation Guided by offer Guided by demand Economic focus Cost minimizing Value maximizing Product policy Offer standardization Offer personalization
intermediate products Digital information Output Intermediate or finished products or services Products or services with a high information/knowledge content The role of information A supporting and connecting element during the phases of production
The formulation and implementation of an appropriate business model are vital to meet the challenges of the digital economy,
Organizations operating in the digital economy must identify and exploit economically these specific attributes of the Internet
In the context of the digital economy, the innovation of the business model can be defined as the creation
and frequency of changes In the digital economy companies need to continually adapt to changes, which are extremely fast and frequent Virtual capacity The recent progress in networking and storage
but their effects are particularly significant and pervasive in the digital economy. When the costs associated with the transition from one provider to another are so high as to reduce any benefit from switching
Digitization of physical content is also possible by scanning paper documents with a smartphone camera.
The above directions require that IT must be able to generate value from current digital information infrastructure, leading to a change of perspective on its strategic role as the‘‘guardian''of a company digital business assets and‘‘heritage''.
Decision 2. 0, 67 Degree centrality, 69 Degree of positivity, 74 Delphi method, 35 Digital artifacts, 4 Digital data streams, 7, 19
with a focus on tech start-ups. 29 The European Digital Forum is a first-of-its kind think tank dedicated to empowering tech entrepreneurs and growing Europe's digital economy..
this state-of-the-art, gigabyte-per-second fibre optics network has provided Chattanooga with one of the fastest internet speeds in the United states,
or the complete removal of tree cover canopy at the Landsat pixel scale. Results were disaggregated by reference percent tree cover stratum (e g.,
Booz & Company The report in your hands is a compilation of wisdom about the relationship between digitization and corporate strategy.
because digitization the mass adoption of connected digital services by consumers, enterprises, and governments provides dramatic power
But there is also enormous tension in the relationship between digitization and strategy. Digital media and technologies are inherently subject to change.
For most companies, digitization is a great enabler. But it is also a great disruptor.
Digitization is also distracting: it can present a bewildering array of potential opportunities, all of which look compelling.
How then do capable companies handle the opportunities and challenges of digitization? They are rigorously and prudently selective.
and benefits of one current element of digitization: big data. This is comprised of large datasets often gathered in unstructured forms from the behavior of people and groups.
In this process of digitization the government appears to be lagging slightly behind (35th: government online services (32nd) continue to be reduced relatively compared with those of other countries of its economic and social level of development,
and digitization can represent one of the main sources of potential economic growth and employment generation for Europe,
the level of digitization is not the same across European union (EU) Member States, and thus the potential to benefit from ICT adoption remains uneven.
Although it is difficult to create homogeneous groups of European countries in terms of their level of digitization
and the quality of its educational system (119th) continues to pose a severe challenge to providing the country with the skills necessary required for a changing and more digital economy.
Over 2. 5 quintillion bytes of data are created each day; 90 percent of the world's stored data was created in the last two years alone. 3 To put this into context,
The research consultancy IDC estimates that the digital universe all digital data created, replicated, or consumed is growing by a factor of 30 from 2005 to 2020,
By 2020, there will be over 40 trillion gigabytes (or 40 yottabytes) of digital data or 5, 200 gigabytes for every person on earth. 4 Much of this data growth is traversing IP networks.
Cisco's Visual Networking Index estimates that from 2012 to 2017, total traffic over IP networks will grow threefold, rising at a compound annual growth rate (CAGR) of 23 percent.
Indexed data traffic series, 2010 levels of bytes=100 Mobile data traffic Total data universe Total IP traffic 1. 2:
This digitization of information is leading to greater exchange of stored media and data over the Internet.
Data capture amounted to around 300 megabytes per square kilometer in the 1990s. By 2006, data per square kilometer amounted to 25 gigabytes,
while today the amount per square kilometer is in the petabytes. 1 According to Chevron and industry-wide estimates,
GE estimates that each sensor on a GE turbine generates approximately 500 gigabytes of data every day.
and the sequence is from byte, kilobyte, megabyte, gigabyte, terabyte, petabyte, exabyte, zettabyte and beyond. 5 Cisco 2013b 6 Cisco 2013a.7 Mclellan. 2013.8 Top500. org 2013.9
2. 5 Billion Pieces of Content and 500+Terabytes Ingested Every day. Tech Crunch Conference Highlights, August 22.
-and-500-terabytes-ingested-everyday/./The Economist Intelligence Unit. 2013. The Evolving Role of Data in Decision-making.
Using a digital data commons can potentially give us unprecedented ability to measure how our policies are performing so we can know
As these digital data become more widely available for scientific inquiry, we will be able to understand
the term big data itself is a way to express the sudden digitization of many things that have been with us forever
RISKS AND REWARDS Digitization itself is not new, but the maturation and availability of the Internet;
visualization is worth petabytes, terabytes, and more of raw data. Visualized data and the human mind make for a highly efficient combination.
We are able to know significantly more in the form of digital data that not only allow the prediction of outcomes
By one estimate, almost 3 zettabytes (3 billion terabytes) of information had been created by 2012, a digital deluge that is growing at around 50 percent a year. 6 By the end of 2013,
to reach 6 × 1017 bytes per month an astonishing compound annual growth rate of 89 percent. 10 Indeed,
OECD Digital economy Papers, No. 220. OECD Publishing. Available at http://www. oecd-ilibrary. org/science-and-technology/exploring-theeconomics-of-personal-data 5k486qtxldmq-en.
Trillions of bytes of data are generated by companies that capture information about their customers, suppliers, and operations.
'OECD Digital economy Papers 222, June 18. Available at http://dx. doi. org/10.1787/5k47zw3fcp43-en. The Old Farmer's Almanac.
The world today is being flooded with digital data, in myriad manifestations and washing over us at such incredible speed that making sense of it is dauntingly difficult.
and technology and has led engagements in the areas of telecommunications-sector strategy development, policymaking and regulatory management, digitization, business development and strategic investments,
he was the Roland Berger Chaired Professor of Business and Technology at INSEAD and the Founding Director of elab, a center of excellence in the digital economy.
He leads the firm's digitization platform globally and its Business Technology practice in the middle East.
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