Eco401 Assignment 2 Solution
After third and fourth revolution digital economy has emerged the most important and increasing use of Information system technologies. Three main components of the 'Digital Economy' concept can be identified: • e-business infrastructure (hardware, software, telecoms, networks, human capital, etc.), • e-business (how business is conducted, any process that an organization conducts over computer-mediated networks), • e-commerce (transfer of goods, selling goods online). In this new economy, digital networking and communication infrastructures provide a global platform over which people and organizations devise strategies, interact, communicate
, collaborate and search for information. The digital economy is developing rapidly worldwide. It is the most important driver of innovation, competitiveness and growth, and has enormous potential entrepreneurs and small and medium-sized enterprises. New digital trends, such as cloud computing, mobile web services, smart grids and social networks, are radically changing the business landscape, changing the nature of work, the limits of business, and the responsibilities of business leaders.These trends allow more than technological innovation. They drive innovation in business models, business networks and the transfer of knowledge and access to international markets.ICT lowers the cost of transferring, storing, and processing information.The benefits of a digital economy are not limited to financial inclusion. They impact practically every sector of the economy: e-health, e-education, and e-agriculture are only a few of them. Pakistan’s Telecom infrastructure is flourishing with foreign and domestic investments into fixed-line and mobile networks. Growing field technology in Pakistan has played a significant role in the developing the economy.Pakistan will be launching 5G technology by 2020 and has already started the preparations to test 5G cellular connectivity. Government in collaboration with CPEC has introduced IT Parks for the first time. Unmanned Aerial Vehicle has introduced by Punjab Government for farmers to use Drone Technology in Pakistan for Good Yield. Pakistan Telecommunication Authority (PTA) has launched Device Identification Registration and Blocking System (DRIBS), initiative to restrain smuggling and theft of mobile devices, by blocking illegal handsets.

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