The digital economy refers to the economic activities that emerge from connecting individuals, businesses, devices, data, and operations through digital technology. It encompasses the online connections and transactions that take place across multiple sectors and technologies, such as the internet, mobile technology, big data, and information and communications technology. The digital economy is characterized by the digitization of many products and services and by the use of the Internet and other networks to support economic activities. Such computerization changes the manner in which business is done and considerably improves economic activities and competition.