The key production factor in the era of digital economy is data.

Digital economy is an economic form in which data is directly or indirectly utilized to direct resources to play a role in promoting the development of productivity can be included in its scope. At the technology level, it includes emerging technologies such as big data, cloud computing, Internet of Things, blockchain, artificial intelligence, and 5G communications. At the application level, "new retail" and "new manufacturing" are its typical representatives.

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

The value of the digital economy is equal to the square of the number of network nodes, which indicates that the benefits generated and brought by the network will grow exponentially with the increase of network users. In the digital economy, due to people's psychological reaction and behavioral inertia, under certain conditions, once the advantage or disadvantage appears and reaches a certain level, it will lead to continuous intensification and self-reinforcement, and there will be a "winner-takes-all" monopoly situation in which "the strong are stronger and the weak are weaker". The monopoly situation.

Features of the digital economy era

1, fast

The Internet breaks through the traditional boundaries of countries and regions, and is connected by the network, so that the whole world is closely linked to the earth into a "village". It also breaks through the constraints of time, so that people's information transmission, economic transactions can be carried out in a smaller time span.

2, high value-added

From the perspective of traditional economics to examine, the digital economy has a high value-added, and the digital economy, the amount of this added value and the degree of sophistication of its input technology is directly proportional to the degree of high-tech products, the higher the added value.

3, high permeability

From the mid- to late 1990s, information and communication technology has rapidly penetrated the three industries, especially the secondary and tertiary industries, the digital economy has profoundly affected the operation and development mode of these industries.