The Impact of Using Digital Devices in Achieving Sustainable Economic Growth

Today, the world lives in the era of the digital revolution, witnessing a tremendous development in digital technology and communications. This great development has affected all aspects of economic and social life, and one of the aspects that it highlights is digital accounting and its impact on sustainable economic growth. Digital accounting is defined as the economic system that relies primarily on digital technology and electronic networks in its economic operations. Digital accounting includes the use of the Internet, information and communications technology, mobile applications, e-commerce, big data analytics, artificial intelligence, and many other technologies that enhance economic transactions and information exchange. The contribution of digital accounting to sustainable economic growth has several positive aspects. For example, digital accounting enhances innovation and leadership by providing a suitable environment for developing new businesses and discovering business opportunities. It also increases productivity and efficiency in economic operations by using digital technology and data analytics to improve operations and reduce costs. Thanks to the digital revolution, e-commerce is being enhanced and the market is expanding. Companies and individuals can now transact and trade online, opening doors to access global markets and expanding growth and competitive opportunities. The basis of our research is based on a basic hypothesis, which is that the expansion of digital accounting contributes to enhancing sustainable economic growth. The importance of the research lies in the importance of the study in adopting the problem of digital transformation and its effective role in supporting digital transformation and achieving sustainable economic growth. To prove the hypothesis of the research, it was divided into three main sections and several conclusions were reached, the most prominent of which is that the transition to digital accounting is a crucial element in achieving sustainable economic growth in the modern era and a number of recommendations, the most prominent of which is that the transition to digital accounting requires integration between technology, economy and society and cooperation between the public and private sectors.

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Publication Details

Journal
Bilad Alrafidain Journal of Humanities and Social Science
Published
2024-12-15
DOI
https://doi.org/10.54720/bajhss/2024.060402
Primary Topic
Economic Growth and Development
Type
article
Field-Weighted Citation Impact
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article

The Impact of Using Digital Devices in Achieving Sustainable Economic Growth

Luay Qais Abdullah, Duraid Faris Khayoon, Hameed Tu'ma Hawi
Bilad Alrafidain Journal of Humanities and Social Science
Economic Growth and Development
article

The Impact of Using Digital Devices in Achieving Sustainable Economic Growth

Luay Qais Abdullah, Duraid Faris Khayoon, Hameed Tu'ma Hawi
article en

Abstract

Today, the world lives in the era of the digital revolution, witnessing a tremendous development in digital technology and communications. This great development has affected all aspects of economic and social life, and one of the aspects that it highlights is digital accounting and its impact on sustainable economic growth. Digital accounting is defined as the economic system that relies primarily on digital technology and electronic networks in its economic operations. Digital accounting includes the use of the Internet, information and communications technology, mobile applications, e-commerce, big data analytics, artificial intelligence, and many other technologies that enhance economic transactions and information exchange. The contribution of digital accounting to sustainable economic growth has several positive aspects. For example, digital accounting enhances innovation and leadership by providing a suitable environment for developing new businesses and discovering business opportunities. It also increases productivity and efficiency in economic operations by using digital technology and data analytics to improve operations and reduce costs. Thanks to the digital revolution, e-commerce is being enhanced and the market is expanding. Companies and individuals can now transact and trade online, opening doors to access global markets and expanding growth and competitive opportunities. The basis of our research is based on a basic hypothesis, which is that the expansion of digital accounting contributes to enhancing sustainable economic growth. The importance of the research lies in the importance of the study in adopting the problem of digital transformation and its effective role in supporting digital transformation and achieving sustainable economic growth. To prove the hypothesis of the research, it was divided into three main sections and several conclusions were reached, the most prominent of which is that the transition to digital accounting is a crucial element in achieving sustainable economic growth in the modern era and a number of recommendations, the most prominent of which is that the transition to digital accounting requires integration between technology, economy and society and cooperation between the public and private sectors.

Bilad Alrafidain Journal of Humanities and Social ScienceVol. 6(4)
Weatherford College (US), 117th Hospital of People's Liberation Army (CN)
Openalex Percentile: Top 60%
Economic Growth and Development
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