What are the characteristics of the digital economy and e-business?

Questions

1. 
   What are the characteristics of the digital economy and e-business?
   
2. 
   What is the role of FinTech in competite markets for Financial institutions?
   
3. 
   What are the business pressures financial institutions face?
   
4. 
   Learn and describe the development of digital economy in Great Britain?
   
5. 
   Why is Porter’s Competitive Forces model important?
   

ANSWERS

FIRST QUESTION'S ANSWER

1.Direct

It means digital economy makes the relationship between sellers and buyers stronger and make them more near to each other.They can interact with each other directly

2.Personalized.
It is another advantage sites of the digital economy which means people can buy or choose the things that they like or they can buy and sell their products any time or whenever they want
3.Shared. he digital economy operates on sharing. Soon, companies will buy only what is needed and pay as they go. Purchasing what is needed lowers inventory costs, while buying usage as a service allows companies to pay only for the time used and value received. 
4.Connected. It means companies or small sellers are connected with each other and can contact with their partners in their field through this economy
5.Digitized and Tracked.  In a digital economy, analog objects generate digital signals that can be measured, tracked and analyzed for better decision making. While the oil and gas industry has been ahead of the curve on digitization for over 30 years, digitalized assets have been limited to high-value equipment and machinery.  Now, however, lower costs for sensor technology are allowing operators to push more processing out into the field.