Reduce the cost of production, operation and other costs to reduce labor.

In the digital age, arithmetic is productivity. For example, if a guest sweeps the code to order food by himself, the restaurant can save the cost of a waiter, which is arithmetic power in action.

The digital economy, as an economic concept, is an economic form in which human beings identify, select, filter, store, use, guide, and realize the rapid and optimal allocation and regeneration of resources, and achieve high-quality development of the economy through the identification, selection, filtering, storage, and use of big data (digitized knowledge and information).

The characteristics of digital economy show

In the innovation stage of knowledge, the wider the scope of knowledge application and the more customers involved, the more value can be created. In the diffusion and imitation stages of knowledge, the marginal payoff of knowledge declines in developed countries due to timeliness issues. In developing countries it maintains high marginal returns.

Because for developing countries, this knowledge is still the most up-to-date and time-valuable. Information technology is in a phase of diffusion and imitation since the beginning of the 21st century, and it is in the best interests of developed countries to diffuse it to developing countries, which can greatly increase the speed of informatization in developing countries.