Smart devices, connectivity, social media platforms and so many more innovations have impacted our economy. Today, the World Bank estimates the digital economy contributes to more than 15% of global gross domestic product (GDP), and in the past decade, it has been growing at two and a half times faster than physical world GDP.
However, in just the past few years, we have arguably seen more rapid advancements. It would seem we are on the precipice of a new economy. Take, for example, the e-commerce market we have all come to know and love. Today, e-commerce makes up roughly 20% of worldwide retail sales. By 2026, the e-commerce market is projected to contribute to 24% of all global retail sales.
