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Vectors of digital transformation

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Abstract

This report examines key properties – or “vectors” – of the digital transformation that fundamentally affect the economy and society and accordingly the design and efficacy of public policies. It explores three main areas where digital transformation affects the ways the economy and society are operating, i.e.: a) scale, scope and speed; b) ownership, assets and economic value; and c) relationships, markets and ecosystems. Exposing the underlying nature of change, the seven vectors provide insights on how the transformation challenges policies that are frequently predicated on an analogue world of tangible products and assets, fixed geographic boundaries and physical locations, on transaction costs that limit the scale and scope of interactions and offerings, and on supply and demand conditions that reflect scarcity. The objective of this report is to support the review of existing and the design of new policies to ensure that they are well‑suited to the digital era.

Suggested Citation

  • Oecd, 2019. "Vectors of digital transformation," OECD Digital Economy Papers 273, OECD Publishing.
    • Handle: RePEc:oec:stiaab:273-en
    DOI: 10.1787/5ade2bba-en
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    1. Gianni Bonaiuti, 2019. "Schemi di pagamento e valute virtuali (Payment schemes and virtual currencies)," Moneta e Credito, Economia civile, vol. 72(288), pages 389-415.
    2. Amelio, Andrea & Giardino-Karlinger, Liliane & Valletti, Tommaso, 2020. "Exclusionary pricing in two-sided markets," International Journal of Industrial Organization, Elsevier, vol. 73(C).
    3. Roll, Oliver & Loh, Patrick, 2020. "Der Einfluss der Digitalisierung auf das Preismanagement – Ansatzpunkte, Modelle und Methoden," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 74(4), pages 334-348.
    4. Kim, Jooyoung & Lee, Kyu Hyung & Kim, Jaemin, 2023. "Linking blockchain technology and digital advertising: How blockchain technology can enhance digital advertising to be more effective, efficient, and trustworthy," Journal of Business Research, Elsevier, vol. 160(C).
    5. Elena PELINESCU & Marioara IORDAN & Mihaela-Nona CHILIAN, 2021. "Digitization and Population Welfare in the New EU Member States," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 59-75, December.
    6. Bazi, Saleh & Filieri, Raffaele & Gorton, Matthew, 2023. "Social media content aesthetic quality and customer engagement: The mediating role of entertainment and impacts on brand love and loyalty," Journal of Business Research, Elsevier, vol. 160(C).
    7. Bullini Orlandi, Ludovico & Zardini, Alessandro & Rossignoli, Cecilia, 2021. "Highway to hell: Cultural propensity and digital infrastructure gap as recipe to entrepreneurial death," Journal of Business Research, Elsevier, vol. 123(C), pages 188-195.
    8. Monahan, Lisa & Espinosa, Jennifer A. & Langenderfer, Jeff & Ortinau, David J., 2023. "Did you hear our brand is hated? The unexpected upside of hate-acknowledging advertising for polarizing brands," Journal of Business Research, Elsevier, vol. 154(C).
    9. de Zwart, Pim & Soekhradj, Phylicia, 2023. "Sweet equality: Sugar, property rights, and land distribution in colonial Java," Explorations in Economic History, Elsevier, vol. 88(C).
    10. World Bank, 2020. "Nepal Development Update, July 2020," World Bank Publications - Reports 34178, The World Bank Group.
    11. Konstantinos Siassiakos & Stamatia Ilioudi & Tsaktsira Effrosyni & Vasiliki Mitsiou & Dimitris Nanouris, 2020. "Utilization of Blockchain Technology in Greek Public Administration," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 10(4), pages 1-12.
    12. Tauli-Corpuz, Vicky & Alcorn, Janis & Molnar, Augusta & Healy, Christina & Barrow, Edmund, 2020. "Cornered by PAs: Adopting rights-based approaches to enable cost-effective conservation and climate action," World Development, Elsevier, vol. 130(C).
    13. Sarah Oberbichler & Emanuela Boroş & Antoine Doucet & Jani Marjanen & Eva Pfanzelter & Juha Rautiainen & Hannu Toivonen & Mikko Tolonen, 2022. "Integrated interdisciplinary workflows for research on historical newspapers: Perspectives from humanities scholars, computer scientists, and librarians," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 73(2), pages 225-239, February.
    14. Kosior, Katarzyna, 2020. "Economic, Ethical and Legal Aspectsof Digitalization in The Agri-Food Sector," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 311227, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    15. Charlene A. Dadzie, 2021. "Reimagining the Global South: Consumer welfare and public policy insights from the United States' Gulf Coast," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(3), pages 1178-1199, September.
    16. E. F. Avdokushin & E. G. Kuznetsova, 2022. "Ecosystems of the sharing economy," RSUH/RGGU BULLETIN. Series Economics. Management. Law, Russian State University for the Humanities (RSUH), issue 4.
    17. Frick, Vivian & Rehak, Rainer, 2019. "Verkauftes Internet. Zur sozial-ökologischen Gestaltung digitaler Räume," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 87-90.

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