Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

The Concept of Digitalization and Its Impact on the Modern Economy

Authors
A U Mentsiev, M V Engel, A M Tsamaev, M V Abubakarov, R S-E Yushaeva
Corresponding Author
A U Mentsiev
Available Online 17 March 2020.
DOI
https://doi.org/10.2991/aebmr.k.200312.422How to use a DOI?
Abstract
Imagining living in the past without the facilities that are available to people today seems a bit too hard to survive. We live in an era where our dependency upon technology in our routine tasks has driven us to a point where we take most of gifts of technology for granted. Technology has transformed our way of living, including but not limited to food, education, communication, transportation, entertainment, and medical care. Our favorite grocery stores and restaurants are available to provide us food of our choice at all times. Virtual classrooms and huge amount of content available online has made attainment of education convenient. Our friends and family may be distant apart from us, but are only once click away. We book a cab sitting at home for commuting, instead of walking down the street to catch one. We carry around complete entertainment package with us in our pockets and bags. Wearable gadgets are facilitating us in medical attention and care. While the list goes on and on, there is one common factor – digitalization. This paper will reveal the concept of digitalization and its impact on the modern economy.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
International Scientific Conference "Far East Con" (ISCFEC 2020)
Part of series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
ISBN
978-94-6252-929-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200312.422How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - A U Mentsiev
AU  - M V Engel
AU  - A M Tsamaev
AU  - M V Abubakarov
AU  - R S-E Yushaeva
PY  - 2020
DA  - 2020/03/17
TI  - The Concept of Digitalization and Its Impact on the Modern Economy
BT  - International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 2960
EP  - 2964
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.422
DO  - https://doi.org/10.2991/aebmr.k.200312.422
ID  - Mentsiev2020
ER  -