Muftokhiddinova, T., & Rustamov, D.
The role of digital ecosystems in economy, barriers in their development and benefits of implementation. |
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Full Article: PDF
Scientific Object Identifier: http://s-o-i.org/1.1/TAS-04-84-115
DOI: https://dx.doi.org/10.15863/TAS.2020.04.84.115
Language: English
Citation: Muftokhiddinova, T., & Rustamov, D. (2020). The role of digital ecosystems in economy, barriers in their development and benefits of implementation. ISJ Theoretical & Applied Science, 04 (84), 674-678. Soi: http://s-o-i.org/1.1/TAS-04-84-115 Doi: https://dx.doi.org/10.15863/TAS.2020.04.84.115 |
Pages: 674-678
Published: 30.04.2020
Abstract: The future economy will look very different from today. Digitalization will fundamentally alter the supply and demand dynamics in the economy. And it is undeniable that ecosystems, and not sectors, will define economic activities ultimately. In ecosystems, value chains will converge. Barriers to entry will shift from large capital investments to large customer networks as distribution models shift from a single point to that of multiple nodes. Today’s nascent ecosystems are the building blocks for tomorrow’s industry sectors. In this regards, digital ecosystem will help to create better environment to deliver customers best digital service, which will be discussed in this article in a broader sense.
Key words: demand, government, environment, digitalization, ecosystem, business, database.
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