What has potentially supported the digital revolution?

   A digital revolution could be described as the modification from both mechanical and correspondent electronic technologies toward the innovative digital technologies, the speedy implementation of those types of technologies specifically in the sectors of information and also communication, along with the widespread changes in the economy and social sectors. Technologies that strengthen the digital revolution have gained some benefits from three influential trends in computing, communications as well as information processing that have united, with a purpose to empower the speedy technological improvements (Brynjolfsson & McAfee, 2011). These three trends are known as Moore's Law, Gilder's Law, and the information digitalization described below.

Improvements in Computing Power

     Moore’s law which associated with the physics of the transistor along with the incorporated circuits that rely on the core of contemporary computing. It is basically not a natural or physical law, instead, it is considered as a technological trend that has been noticeably ongoing. Initially detailed in 1965 at the beginning of the electronic age, the well-known rendering of Moore's guess is that the number of parts in a coordinated circuit will twofold consistently. This implies in principle that the preparing or registering capacity of the coordinated circuit copies each year also. This expectation was later reexamined by Moore to multiplying at regular intervals (different reformulations of the law express that the multiplying happens like clockwork). In the mid-1970s, one could fit just 2,300 transistors into an Intel chip. Nowadays, a solitary Intel quad-center i7 chip comprises around a billion transistors, and top of the line chips utilized in workstations or else servers (Xeon chips) can comprise twofold that amount (Chang, et al., 2015).

A Revolution in Communication

A study has proposed that the telecommunication services, containing the mobile telephone, the Internet, along with the services of data transmission have been providing the foundation outline and the transmission capability that tolerate various other services to be digitally delivered. In addition to this, it also allows both products and services to be purchased and delivered over these network systems. The technological improvements have approved to improve the speed, quality, posture capability, along with the network affordability. For instance, the services of static and moveable broadband which make it easier to digitally supplying the products, also make a connection between the producers, traders, and customers across the boundaries. Furthermore, the telecommunication services have also strengthened the flows of data across the boundaries which have been skyrocketing in the past current years (Bartling & Friesike, 2014).=

Digitalization and the Rise of Big Data

The last trend basic the digital revolution is mentioned as the capacity to gather, store and convert numerous types of data that existed in a simple structure. For instance, music in vinyl tracks, pictures in the form of nitrate film, words, and figures in documentations convert into digital information that can be prepared by ground-breaking PCs and conveyed throughout fiber optic links to a worldwide audience. In fact, Nicholas Negroponte, the originator and Chairman Emeritus of MIT's Media Lab, anticipated that the world is unavoidably heading towards a future where everything that can, has the capacity to be digitalized. The utilization of big data has been supporting an assortment of shareholders, from general wellbeing specialists which use Google Flu Trends to appraise flu movement continuously, to innovation giants, for example, Amazon and Netflix, which use "recommendations" from their big data calculation to produce a critical segment of new deals. In any case, it has been contended that enormous information can likewise be the establishment of data asymmetry between firms with varying access to information, and between nations because of the computerized separation. The subjective jump that large information permits may not just be the reason for new advantages, yet additionally the wellspring of advertising disappointments that will describe the information-driven economy.

Digital Innovations Potentially Form the Future

Internet of Things

The IoT can be characterized as a "worldwide framework for the data society, empowering propelled administrations by interconnecting (physical and virtual) things dependent on existing and advancing interoperable data, as well as correspondence advances." Further simply, the idea of the IoT is "that ordinary articles can be furnished with distinguishing, detecting, organizing, what's more, preparing capacities that will enable them to speak with each other and with different gadgets also, and benefits over the web to accomplish some helpful target." The organization of associated gadgets in the home or office, a considerable lot of which were planned absent a lot of thought for security, can present risky vulnerabilities and will require the advancement of adequate specialized and maybe administrative protections. Nevertheless, the broader implementation of technology has triggered some challenges to be faced (Xia, Yang, Wang, & Vinel, 2012).

Artificial Intelligence or AI

AI has defined as the capacity of a computerized PC or PC controlled robot to perform undertakings ordinarily connected with savvy creatures, for example, the capacity to reason, find meaning, generalize or gain from past experience". Much of the present AI is "limited" or "powerless," in that it is intended to play out a tight errand (for example facial acknowledgment, playing chess). In any case, the long haul objective of numerous AI specialists is to make "general" or "solid." AI is progressively being utilized to produce thoughts and as a general-purpose "technique for creation" that is reshaping the idea of the development procedure (Makridakis, 2017).

3D Printing or Additive Manufacturing

3D Printing is a procedure of making a three-dimensional strong object of for all intents and purposes any shape from an advanced model accomplished utilizing an added substance process, where progressive layers of material are set down in various shapes considered unmistakable from customary machining systems, which generally depend on the evacuation of material by techniques, for example, cutting or then again boring (subtractive processes)"3D printing makes customization a lot simpler and less expensive, as it includes another plan and an adjustment in PC code instead of new generation devices and molds and costly alterations to industrial facilities.

Blockchain of The Rise of Digital Technologies

Blockchain defined as is a carefully designed, decentralized and appropriated advanced record of exchanges (a disseminated record). It is made of a consistently developing rundown of records, which are consolidated in "obstructs" that are then "anchored" to one another utilizing cryptographic procedures – subsequently the expression "blockchain". Once added to a blockchain, data is time-stepped and can't be adjusted, with the goal that endeavored changes can without much of a stretch be identified, and exchanges are recorded, mutual and confirmed on a shared premise.

The Impact of Digital Technology to Economy

The birth of online markets

Digitalization has been redesigning the habits of the customer throughout the last period, and there is each sign that further modifications are coming. A noticeable feature of the implementation of digital technology by customers at the worldwide stage is the universal tendency to purchasing products and services online.

What is being exchanged?

·         Media services

·         Other online services

·         Customized and personalized goods and services

Easier entry and increased product diversity in the digital market

The development of digital open market along with their success in supplementing and from time to time substituting for the outdated marketplaces appears to in what way digital, somewhat than physical trade might permit for the considerable communication reduction, exploration, and corresponding costs. In fact, there is less and less need for companies to invest in brick-and-mortar shops for customers to spend their time looking for a given product or service given the attraction of shopping online

 References of The Rise of Digital Technologies

Bartling, S., & Friesike, S. (2014). Towards another scientific revolution. Opening Science, 3-15.

Brynjolfsson, E., & McAfee, A. (2011). Race against the machine: How the digital revolution is accelerating innovation, driving productivity, and irreversibly transforming employment and the economy. Brynjolfsson and McAfee.

Chang, L., Frank, D. J., Montoye, R. K., Koester, S. J., Ji, B. L., Coteus, P. W., . . . Haensch, W. (2015). Practical strategies for power-efficient computing technologies. Proceedings of the IEEE , 215-236.

Makridakis, S. (2017). The forthcoming Artificial Intelligence (AI) revolution: Its impact on society and firms. Futures , 46-60.

Xia, F., Yang, L. T., Wang, L., & Vinel, A. (2012). Internet of things. International Journal of Communication Systems , 1101.