UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Volume 11 | Issue 10 | October 2024

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Published in:

Volume 10 Issue 11
November-2023
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2311344


Registration ID:
528326

Page Number

d331-d337

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Title

DIGITAL ECONOMY: A DOUBLE-EDGED SWORD

Abstract

The digital economy, characterized by the widespread adoption of digital technologies and the internet, has ushered in an era of unparalleled integration in the global economic landscape. It has revolutionized the way we conduct transactions, employs automation, and pursue convenience and economic growth. This remarkable transformation has, however, not been without its complexities and challenges, which this research paper endeavours to examine in depth. While the digital economy offers numerous benefits, it also presents a double-edged sword of challenges that demand careful analysis. As businesses and individuals increasingly rely on digital platforms, they become vulnerable to cybersecurity threats, data breaches, and privacy concerns. The digital divide persists, leaving certain populations marginalized due to limited access to technology. Automation and artificial intelligence disrupt labour markets, raising questions about job displacement and skills gaps. Additionally, the dominance of tech giants in the digital ecosystem raises antitrust and regulatory issues, which certainly lack accountability for any tech mishaps. Lastly, the tech-oriented monetary system, which is now apparently irreversible, has given rise to hollow instruments like crypto-currency. This research paper seeks to shed light on these challenges by conducting an in-depth examination of their significant impact. Moreover, it also aims to explain the alarming nature of digital issues to the audience which strives to come up with solutions for a safe and accountable economy tomorrow. Through rigorous qualitative analysis, the paper aims to provide a comprehensive understanding of the digital economy's dual nature – as a catalyst for progress and a source of intricate challenges.

Key Words

Digitization, Data, Safety, Privacy, Employment, Accountability, Taxation, Crypto

Cite This Article

"DIGITAL ECONOMY: A DOUBLE-EDGED SWORD", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 11, page no.d331-d337, November-2023, Available :http://www.jetir.org/papers/JETIR2311344.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"DIGITAL ECONOMY: A DOUBLE-EDGED SWORD", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 11, page no. ppd331-d337, November-2023, Available at : http://www.jetir.org/papers/JETIR2311344.pdf

Publication Details

Published Paper ID: JETIR2311344
Registration ID: 528326
Published In: Volume 10 | Issue 11 | Year November-2023
DOI (Digital Object Identifier):
Page No: d331-d337
Country: Ahmedabad, Gujarat, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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