Essay – Impact of the digital economy on my life
Impact of the digital economy on my life Essay: The world where we live is constantly changing and one of the main drivers of the transformation is the digital economy. Digital economy refers to the economic activity that involves the use of the latest technology. In other words, digital transformation refers to the use of digital technology that is needed in transforming the business or the services. The digital economy has impacted the lives of many people including mine. This has been possible due to the influential role played by the policymakers in ensuring that the country is well progressing towards digitisation.
Discussion
In both developed and underdeveloped countries digital economy has been regarded as the main driver of economic growth. The digital economy that is based on the ICT has helped to increase the job opportunities for people. Similarly, I have also been able to experience the impact of the digital economy in my life which has made it all the more fruitful. With the help of ICT, my means of communication have become much easier. As I stay in a hostel, I can easily communicate with my people with the help of cell phones. Whenever I want to see them, I can do it easily with the help of video calls. It has enabled me to connect with my loved ones even when I am staying abroad. As I am pursuing in master’s in computer science application, I can easily get aces to job opportunities and all this has been possible as a result of ICT. I can apply for jobs at all the companies I want to with the help of the internet and job portals and this is another boon of the digital economy. In addition, I have also been ICT to aid me to acquire information in a comparatively easy manner. I have applied it to my research paper with the use of the internet.
To socialise with my friends I have also been taking help from the digital economy. I spend a lot of time on social media to stay connected with my friends. Digital economy and ICT have also kept me entertained As a movie freak, I can use ICT to keep me updated about the movies on Amazon Prime and Netflix. Furthermore, I can shop for my groceries and apparel within the comfort of my home with the help of a shopping app. The digital economy has also facilitated the ease of money transactions with the help of PhonePay, GooglePay and Paytm.
Besides the positive aspects, the digital economy has also imposed some negative aspects on my life. It has enabled me to adopt a sedentary lifestyle as I result of which I am suffering from obesity. Frequent shopping from food apps has increased my binge eating and thus causes me to suffer from obesity. In addition, I am also afraid of cyberbullying because I have seen one of my known persons being a victim of that. Thus, it has affected me mentally and every time I use social media I have to stay aware of the persons who commit malicious acts of cybercrime.
Conclusion
To conclude, it can be said that the digital economy has got both negative and positive impacts on my life. It has made, my life easier by enabling me to have access to educational websites. I no longer have to visit the library to do my research work. I can easily acquire information with the help of the internet and stay connected with my friends and family with the use of social media. . In addition, online paying and shopping have become much easier because of the impact of the digital economy.
FAQs
Q1. State any two positive impacts of the digital economy.
Ans: It facilitates easy access to information with the use of the internet and keeps a person connected with his friends and family with the help of social media.
Q2. State one negative impact of the digital economy.
Ans: It leads to cyberbullying.