A Review on Empowering Effects of Digitization

Abstract

Digital technologies being a key driver in the present world it is imperative to coordinate the economy by making advanced markets and parallelly making its mark on the modern society through the evolution of acceptance, innovation, and infiltration. This paper unveils the diverse aspect technologies and interfaces which lead to the opening doors of the advantages but with the addition to the dangers and potential drawbacks on society and economy.The dimensions on which this paper focuses on are employment and e-commerce industry, how digitization has affected these fields and how they are interdependent on each other. The major index to measure the socioeconomic growth due to digitization is the consumption ,supply and the expenditure ,consumption in the form of the information consumed or used by the individual and the organization and supply here refers to the number of new technologies that are made available for the users by various companies in various fields and expenditure involved in innovation, leveraging and research of these digital technologies. Combination of all these which has indulged in shaping the modern era.