Beyond the digital economy
Author Don Tapscott coined the term “digital economy” in his 1995 bestseller “The Digital Economy,”2 in which he described the Internet’s impact on how companies operate and innovate. Since then, the definition of digital economy has grown wider to include all things digital, and Wikipedia now defines the term in the following way: “Digital economy refers to an economy that is based on digital computing technologies…. Increasingly, the ‘digital economy’ is intertwined with the traditional economy making a clear delineation harder.”
Looking back to 1995, we can see clearly now that technology and data were embarking on a road of highly disruptive innovation unlike anything the world had seen before.
For one thing, everyone has become increasingly interconnected via the Internet and social media. In 1929, the Hungarian writer Frigyes Karinthy first wrote about the concept of “...