Recommended articles: Digital Economy

1. Value of data: There’s no such thing as a free lunch in the digital economy. Online platforms that provide services at zero monetary cost benefit greatly from the data these transactions generate. This column proposes a new method to value these data, based on firm investments in organisational capital. The method also captures the social value of consumer data. Accurate estimates may guide investment and improve national accounts (VOXEU).
2. Unpacking e-commerce: The rise of new business models. E-commerce facilitates trade across borders, increases convenience for consumers, and enables firms to reach new markets. This column identifies a range of digital technologies and the new business models they enable that are driving dynamism in e-commerce markets. Despite this dynamism, however, important gaps remain with regard to e-commerce participation among firms and different groups of individuals. Targeted polices are needed to provide the regulatory flexibility for new business models to thrive and to ensure that e-commerce becomes more inclusive (VOXEU).
3. Digital currency areas. Thanks to digitalisation, we now can hold money on our mobile phones and transfer wealth in real time to almost every corner of the world. Currencies can be swapped within milliseconds on smart phones and people can hold many currencies simultaneously in digital wallets. This column considers how digitalisation will affect the international monetary system, arguing that a new kind of currency area will emerge, held together by digital interconnectedness. These digital currency areas will cut across borders, increase currency competition and, in the process, may redefine the international monetary system (VOXEU).
4. Blockchain can keep flawed data from machine learning systems. Blockchain would feed AI with authenticated data. It would also act as a powerful tool against breaches (LSE Business Review).
5. Cybersecurity: Linchpin of the digital enterprise. As companies digitize businesses and automate operations, cyberrisks proliferate; here is how the cybersecurity organization can support a secure digital agenda (McKinsey).
6. Fintech in China: What Lies Ahead (Knowledge@Wharton).
7. Why Future Jobs Will Require Data Analytics Skills (Knowledge@Wharton).