DIGITAL TEHNOLOGIES. AN OVERVIEW OF CURRENT EVOLUTIONS AND IMPACT

Abstract

Various observers describe today's global economy as one in transition to aknowledge economy, as an extension of an information society. The transition requires thatthe rules and practices that determined success in the industrial economy need rewriting in aninterconnected, globalized economy where knowledge resources such as know-how andexpertise are as critical as other economic resources. According to analysts of the knowledgeeconomy, these rules need to be rewritten at the levels of firms and industries in terms ofknowledge management and at the level of public policy as knowledge policy or knowledge-related policy. The digital and ICT revolutions are twin revolutions. Information andcommunications technology (ICT) refers to a broad field encompassing computers,communications equipment and the services associated with them. It includes the telephone,cellular networks, satellite communication, broadcasting media and other forms ofcommunication.digital revolutions, communication equipment, broadcasting media