Global economic changes driven by digitalization have revolutionized the way companies operate and individuals interact. In the last decade, digital technologies have changed the economic landscape, creating new opportunities while presenting complex challenges. This transformation occurred through a number of important aspects. First, the emergence of e-commerce has changed the way consumers shop. Platforms such as Amazon and Alibaba allow instant access to a wide range of products, resulting in a shift from traditional shopping to a more efficient online shopping experience. Data shows that global e-commerce sales are expected to reach more than $4 trillion by 2023, signaling exponential growth. Second, digitalization increases the company’s operational efficiency. Companies are now using technologies such as artificial intelligence (AI) and data analytics to optimize supply chains and reduce costs. By leveraging big data, businesses can forecast demand more accurately and respond quickly, thereby increasing productivity. Third, business models such as the sharing economy have also emerged as a direct impact of digitalization. Platforms like Uber and Airbnb allow individuals to leverage existing assets, contributing to local economic growth and creating new sources of income. Research shows that the sharing economy sector could reach a value of up to $335 billion by 2025, showing huge potential. Furthermore, digitalization drives innovation in financial services. Fintech, or financial technology, has changed the way people access financial services. Digital payment apps, online loans and automated investment services are becoming increasingly common. This creates financial inclusion for populations previously underserved by traditional banks, expanding the reach of financial services. However, digitalization also presents challenges, one of which is cyber security. With increasing reliance on digital technology, the risk of cyber attacks is increasing. Companies must invest in digital security to protect data and maintain consumer trust. The costs associated with a data breach can be devastating, making security investments a top priority. Then, there is also the impact on employment. Digitalization automates many jobs, which can lead to job losses in certain sectors. However, on the other hand, new job opportunities are emerging that require higher technological skills. It is important for individuals to adapt through ongoing training and education. Another issue that needs to be considered is the digital divide. Access to technology is uneven across the world, which can exacerbate economic inequality. Developing countries are often left behind, so strategies need to be implemented to ensure better access to digital technology and infrastructure. Global economic growth currently relies heavily on society’s ability to adapt to the changes brought about by digitalization. By developing the right policies and focusing on innovation, countries can maximize the benefits of digitalization while mitigating its negative impacts.