Tuesday, 5 April 2011
The human race has seen the world move from an industrial revolution characterized by manufacturing and industrial work, where tasks were labor intensive and of manual form to provide tangible services to a more weightless,border less economy which can be termed the as a digital economy if you like.And so the big question that arises is what sparks the difference between these two concepts. Old Economy:This concept defines an industrialized economy which is characterized by manufacturing and the provision of tangible services Digital Economy: The new economy or digital economy is more of a convergence of communication computing and information meaning revolves around the coordination of networked computing technologies and new business models to provide intangible services information innovation and creativity in expanding economic potential. Which means while the other exploit labor and is focused of delivering tangible goods and services the other is more of a virtual approach to things. According to (E. J. Malecki, B. Moriset 2008) The digital economy represents the pervasive use of IT (hardware,software,applications and telecommunications in all aspects of the economy ,including internal operations of organizations (business,government and non profit) It is of no doubt that in todays modern society the Digital economy is the dominant of the two,and as such we have seen many organisations turn from the old economy to the new ,some organisations are setup with a basis of the digital economy and are thriving on it. Examples of such organizations include Law Depot.com This is one of the organisations that has managed to prove that almost everything that is done in the real world can be done on line.Lawdepot.com is an e-commerce company that specialises in the provision of legal documents. Like similar legal document service providers, LawDepot is not a law firm; rather, the company is a provider of self-help software designed to assist users in helping themselves instead of involving lawyers who usually charge huge amounts to prepare legal documents for people. Through Law depot the customer interacts with the software interface on the website to create documents they want. These documents are of various forms from title deeds, wills , real estate contracts and many more. With the introduction of this kind of service provision the company has to be up to date with any amendments in the legal documents it also has to follow any trends in legal documentation that are set by the governments of the countries it resides. The organisation does not have to change any of the designs it is only interested in providing the document for the customer in an online basis Law Depot is really digitally inclined because with it in place consumers are able to access documents they any at any time ,not only that they also have a customer care portal where consumers are able to get a guide to assist on how to create the forms all the way to understanding the content of the forms.
Subscribe to:
Post Comments (Atom)
Good discussion on the old and digital economy, plus the example of organization. Something is wrong with the formatting. Please do re-organized them, ok. =)
ReplyDelete