Digital Technology

Digital technology refers to electronic systems that create, store, process, and exchange data, transforming how people communicate, work, and make decisions. In marketing, it uses connected devices, software, data networks, and computational processes to collect audience information, deliver content through digital channels, and measure interactions in near real time. These capabilities support search, social media, email, mobile, and data-driven advertising by enabling audience segmentation, personalization, automation, and performance analysis. Digital technology also helps organizations refine campaigns through continuous feedback, improve customer engagement, and coordinate marketing activities across platforms while raising important considerations about data quality, privacy, and responsible use.

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JoVE Business - Microeconomics

Technological Change

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2024

Total Factor Productivity (TFP) measures the efficiency with which inputs are transformed into outputs in production. It is the essence of economic growth, driven by technological advancement. Consider the agricultural sector, where production requires vast amounts of human labor and work animals. Today, modern farm machinery and agriculture technologies have revolutionized how we cultivate crops and produce food much more efficiently. TP = A*f(K, L) TFP is represented as a multiplier 'A' in...

Education

JoVE Business - Microeconomics
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Impact of Technology on Supply Curve

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2024

Technology plays a pivotal role in shaping the supply curve by influencing the efficiency and productivity of production processes. Advancements in technology enable firms to enhance their manufacturing processes, streamline operations, and produce goods or services more efficiently. As a result, firms can lower their production costs, increase output levels, and supply more goods or services at each price level. This leads to a rightward shift in the supply curve, indicating an expansion of...

Digital Marketing Metrics I

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2024

In digital marketing, metrics are crucial for evaluating the effectiveness of strategies and understanding audience behavior. These metrics, which include traffic, engagement, financial, and revenue indicators, offer a comprehensive view of marketing performance. They help businesses make informed decisions and optimize their strategies. Traffic metrics, such as page views, measure how often a web page is loaded, providing insights into a website's reach and popularity. High page views may...

Digital Marketing Metrics II

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2025

Mastering the understanding and effective use of metrics in digital marketing is not just a skill, but a necessity for optimizing campaign performance. It goes beyond the commonly used metrics like click-through rate (CTR) and cost per click (CPC). Several other important metrics can provide deeper insights into user behavior and campaign effectiveness, making them indispensable tools in the digital marketer's arsenal. For instance, the conversion rate is a critical metric that indicates the...

Introduction to Digital Marketing

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2024

Innovative strategies for engaging consumers via online platforms and technologies have transformed how businesses reach potential customers, offering alternatives to traditional advertising methods like television commercials and billboards. Digital marketing involves using digital channels such as websites, social media, email marketing, and search engine advertising to connect with target audiences in a personalized and direct manner. This modern approach enables companies to engage with...

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