information economy
Data-driven market system
An information economy is one where the creation, distribution, and use of information and knowledge drive economic value more than traditional manufacturing or agriculture.
The term emerged in the late twentieth century as computing and telecommunications reshaped work: In the information economy, data is the new oil.
Jobs shift toward processing, analyzing, and communicating information rather than producing physical goods.
- digital divideUnequal access to computers/internet
- cloud computingInternet-delivered digital infrastructure
- gig workIndependent, temporary task employment
- data analyticsExamining information for patterns
- data miningExtracting insights from datasets
artificial intelligence · privacy concerns · digital footprint · intellectual property · media literacy · crowdsourcing · digital transformation · big data · surveillance capitalism · tech giants · knowledge workers · remote work · content creators · e-commerce · network effects · digital marketplaces · venture capital · online collaboration
- service sectorservices, retail, finance, restaurants, hotels
information economyindustrial economy
Production-centered economic system
agrarian economy · agricultural economy · feudal economy · subsistence economy · machine age
information, economy, inform, informs, informed, informing, informer, informers, informant