Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Influence of Information and Communication Technologies (ICTs) on the Digital Economy

Influence of Information and Communication Technologies (ICTs) on the Digital Economy
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Author(s): Iguehi Joy Ikenwe (Ambrose Alli University, Ekpoma, Nigeria), Charity Onoimiuko Adetona (Ambrose Alli University Library, Ekpoma, Nigeria)and Ose Francis Ose-Abame (Light House Polytechnic, Nigeria)
Copyright: 2021
Pages: 21
Source title: Handbook of Research on Knowledge and Organization Systems in Library and Information Science
Source Author(s)/Editor(s): Barbara Jane Holland (Brooklyn Public Library, USA (retired) & Independent Researcher, USA)
DOI: 10.4018/978-1-7998-7258-0.ch021


View Influence of Information and Communication Technologies (ICTs) on the Digital Economy on the publisher's website for pricing and purchasing information.


The economy has taken a new facet in recent times through technologies like Information and Communication Technologies (ICT), ushering radical change in all sectors in developed and developing nations. ICT has transfigured the traditional services and productivity of libraries and other organizations to more sophisticated methods. A powerful catalyst of this change is digital transformation, integrating ICTs into the economy, referred to as the “digital” economy. However, the chapter identified ingredients of the digital economy, and spheres ICT have influenced the digital economy. Information and Communication Technology Council (ICTC) and Spires and Barlett frameworks were adopted to buttress digital skill sets required for functioning effectively in the digital economy. Additionally, the chapter examines the promising future of ICT and the importance of entrepreneurship. Challenges were identified to affect full ICT implementation by developing countries in the digital economy. The chapter concluded that ICT is a key determinant and contributor to economic development in many nations.

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