The Rise of the Sixth Generation of Innovation

Xiaobo Wu
Additional contact information
Xiaobo Wu: Zhejiang University

Chapter Chapter 7 in Technological Revolution and New Driving Forces for Global Sustainable Development, 2024, pp 53-58 from Springer

Abstract: Abstract Under the paradigm shift of the economic system, the construction of business ecology is based on the data security exchange of data sources, data storage and cloud platforms, data analysis and mining, and data application scenarios. In the past 40 years, the rapid development of China’s Internet industry has been inseparable and could not be achieved without the support from the government and the efforts in the innovation of industries. The key elements of the digital economy are data resources and all-factor digitization. The carrier of the digital economy is a modern information network, digital infrastructure, and digital platform. Traditional enterprises are introducing digital technology and increasing their capital investment for digital transformation to cope with the dilemma of increasingly fierce competition and shrinking profit margins; the current emerging industries are accelerating iteration, and innovation has become an important driving force for the development of the digital economy; the practice of cross-border integration between the digital economy and the traditional industries is constantly innovating. The cross-border integration of the digital economy has a huge market of trillions. The “digital + ” model will exist in every product, every service, and every economic activity and will continue to upgrade its business format. Opportunities in the interconnected era include improving asset and service efficiency, upgrading service products, breaking single data, and realizing internal collaboration; enterprises have achieved good results by using innovative new models authorized by the government and enterprises, such as Zhejiang Toman Intelligent Technology Co., Ltd., Puhui Manufacturing, Wenyuan Technology, etc.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-7332-9_7

Ordering information: This item can be ordered from
http://www.springer.com/9789819773329

DOI: 10.1007/978-981-97-7332-9_7

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().