DEFINITION of ‘Digital Nomad’
Digital nomads are people who are location independent and use technology to perform their job. Digital nomads work remotely (telecommute), which is now economically possible due to cheap internet access, smartphones and voice over internet protocol (VoIP) to keep in contact with clients and employers.
Digital nomads are usually young people and can be found working in most industries in the knowledge economy: marketing, design, IT, writing, media, tutoring and consulting, among others. They may either be remote employees or knowledge process outsourcing employees.
INVESTOPEDIA EXPLAINS ‘Digital Nomad’
Digital nomads can be found working in cafés in France, libraries in Argentina or office shares in Australia. While being a digital nomad sounds appealing, there are, as always, downsides. Though some digital nomads are actually rooted to their home offices, some prefer to travel and work at the same time, so carrying half an apartment while picking up souvenirs is impractical. In addition, some digital nomads may also be freelancers who must give up the comfort of a familiar office, desk and chair, as well as the stability and security that comes from a steady paycheck and employment benefits.