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result(s) for
"new technological revolution"
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New Technological Revolution and Energy Requirements
2018
The new technological revolution is radically changing the shape and development conditions of the world energy industry. The increase in demand for energy, alongside with changes in its structure, require the development of breakthrough technologies and the supply of new energy resources, which is associated with significant costs. To optimize them, a timely anticipation of the expected socio-economic changes and future energy requirements is needed. This paper analyzes the possible implications of the new technological revolution for the global and domestic energy industries. It evaluates current and prospective trends, such as changes in energy consumption due to growing demand from the service sector and households while reducing the needs of large-scale industry, digitalization, the formation of “mobile”, “portable” energy, and so on.Russia will maintain demand for a centralized energy supply while increasing the demand for distributed generation and cogeneration with the involvement of renewable energy sources, smart grid technologies, and other solutions. The current structure of the national fuel and energy complex is vulnerable to the large-scale electrification of transport and decarbonization of world energy.
Journal Article
Technological revolutions and techno-economic paradigms
2010
This paper locates the notion of technological revolutions in the neo-Schumpeterian effort to understand innovation and to identify the regularities, continuities and discontinuities in the process of innovation. It looks at the micro- and meso-foundations of the patterns observed in the evolution of technical change and at the interrelations with the context that shape the rhythm and direction of innovation. On this basis it defines technological revolutions, examines their structure and the role that they play in rejuvenating the whole economy through the application of the accompanying techno-economic paradigm. This over-arching meta-paradigm or shared best practice ‘common sense’ is in turn defined and analysed in its components and its impact, including its influence on institutional and social change.
Journal Article
How to Respond to the Fourth Industrial Revolution, or the Second Information Technology Revolution? Dynamic New Combinations between Technology, Market, and Society through Open Innovation
by
Yun, JinHyo Joseph
,
Lee, SamYoul
,
Jung, KwangHo
in
Alternative energy sources
,
Artificial intelligence
,
Brainstorming
2018
Since Klaus Schwab and the World Economic Forum declared the arrival of the Fourth Industrial Revolution, there has been much discussion about it. However, there is no commonly agreed-upon definition of the Fourth Industrial Revolution. Therefore, we attempted to answer the following four research questions. “What is the definition of the Fourth Industrial Revolution?”, “How can we respond to the Fourth Industrial Revolution in terms of institutions?”, “How can we respond to the Fourth Industrial Revolution in terms of technology?”, “How can we respond to the Fourth Industrial Revolution in terms of firm innovation and start-up strategy?” Brainstorming was conducted by 11 scholars from several countries to answer these four research questions. Therefore, this research is not the end product of four research questions, but a kind of advanced template to answer the four research questions for continuing research.
Journal Article
Technological Revolutions and Stock Prices
2009
We develop a general equilibrium model in which stock prices of innovative firms exhibit \"bubbles\" during technological revolutions. In the model, the average productivity of a new technology is uncertain and subject to learning. During technological revolutions, the nature of this uncertainty changes from idiosyncratic to systematic. The resulting bubbles in stock prices are observable ex post but unpredictable ex ante, and they are most pronounced for technologies characterized by high uncertainty and fast adoption. We find empirical support for the model's predictions in 1830-1861 and 1992-2005 when the railroad and Internet technologies spread in the United States.
Journal Article
Innovation, Employment and Skills in Advanced and Developing Countries: A Survey of Economic Literature
2014
I discuss the theoretical and empirical literature on the quantitative and qualitative employment impact of technological change. I also compare the relative explanatory power of competing economic theories, while detailing the macro, sectoral, and micro evidence on the issue with reference to advanced and developing economies. The main purpose of the paper is to offer a critical meta-analysis of both the theory and recent empirical achievements stemming from the relationship of technology and employment. More specifically, I draw some general conclusions about possible consequences of that relationship.
Journal Article
The Impact of 4IR Digital Technologies and Circular Thinking on the United Nations Sustainable Development Goals
by
Hoosain, Mohamed Sameer
,
Paul, Babu Sena
,
Ramakrishna, Seeram
in
Artificial intelligence
,
Big Data
,
Case studies
2020
As we stand at the cusp of the fourth industrial revolution, digital technologies such as artificial intelligence, machine learning, the Internet of Things, Big Data, Blockchain, Robotics, 3D technologies, and many more have become the means and solutions to many of the world’s problems. Most recently, these technologies have assisted in the global fight of the COVID-19 pandemic and other societal problems. Together with these innovative techniques, the concept of circular economy and its relevant tools such as life cycle costing, life cycle impact assessment, materials passports, and circularity measurements have been implemented in a number of sectors in different countries for the transition from a linear “take, make, and dispose” model towards a more circular model, which has shown positive results for the environment and economy. In this article, with the help of implementation, prototyping, and case studies, we explore how these technological advancements and innovative techniques are used in different sectors such as information and communications technology, the built environment, mining and manufacturing, education, healthcare, the public sectors, and others to provide an opportunity to understand and resolve the agreed upon framework in 2015 by 193 countries, that is, the 17 United Nations Sustainable Development Goals.
Journal Article
The 4th Industrial Revolution Powered by the Integration of AI, Blockchain, and 5G
by
Risius, Marten
,
French, Aaron
,
Jain, Hemant
in
Artificial intelligence
,
Blockchain
,
Cryptography
2021
The 21st century has introduced the 4th Industrial Revolution, which describes an industrial paradigm shift that alters social, economic, and political environments simultaneously. Innovative technologies such as blockchain, artificial intelligence, and advanced mobile networks power this digital revolution. These technologies provide a unique component that, when integrated, will establish a foundation to drive future innovation. In this paper, we summarize a 2019 Association for Information Systems Americas Conference on Information Systems (AMCIS) panel session where researchers who specialize in these technologies discussed new innovations and their integration. This topic has significant implications to business and academia both as these technologies will disrupt the social, economic, and political landscapes.
Journal Article
The old, the new, or the old made new? Everyday counter-narratives of the so-called fourth agricultural revolution
by
de Boon, Auvikki
,
Rose, David Christian
,
Roche, Dannielle
in
Adoption of innovations
,
Agricultural development
,
Agricultural Economics
2023
Prevalent narratives of agricultural innovation predict that we are once again on the cusp of a global agricultural revolution. According to these narratives, this so-called fourth agricultural revolution, or agriculture 4.0, is set to transform current agricultural practices around the world at a quick pace, making use of new sophisticated precision technologies. Often used as a rhetorical device, this narrative has a material effect on the trajectories of an inherently political and normative agricultural transition; with funding, other policy instruments, and research attention focusing on the design and development of new precision technologies. A growing critical social science literature interrogates the promises of revolution. Engagement with new technology is likely to be uneven, with benefits potentially favouring the already powerful and the costs falling hardest on the least powerful. If grand narratives of change remain unchallenged, we risk pursuing innovation trajectories that are exclusionary, failing to achieve responsible innovation. This study utilises a range of methodologies to explore everyday encounters between farmers and technology, with the aim of inspiring further work to compile the microhistories that can help to challenge robust grand narratives of change. We explore how farmers are engaging with technology in practice and show how these interactions problematise a simple, linear notion of innovation adoption and use. In doing so, we reflect upon the contribution that the study of everyday encounters can make in setting more inclusionary, responsible pathways towards sustainable agriculture.
Journal Article
Digital technologies, Fourth Industrial Revolution (4IR) & Global Value Chains (GVCs) nexus with emerging economies' future industrial innovation dynamics
by
Hove, P. K
,
Mazuruse, G
,
Nyagadza, Brighton
in
Emerging markets
,
Fourth Industrial Revolution (4IR)
,
Future
2022
The advent of the Fourth Industrial Revolution (4IR) has the potential to transform emerging economies to another developmental echelon by increasing productivity and improving future fluidity of innovation across various industries. Predictively, 4IR in emerging economies will come with newest technologies that are disruptive. This technological innovation will cause changes not only in industries and business but also in societies in general. The current article is based on the Preferred Reporting Items for Systematic Literature Review and Meta-Analysis (PRISMA) of secondary data sources, mainly peer reviewed reputable journal articles. The purpose is to draw conclusions and to identify the research gaps. Results depicted that the key challenge is for the emerging economies to establish ways of engaging themselves into Global Value Chains (GVCs) that are dynamic in nature. Future researchers are encouraged to consider alternative methodologies to examine 4IR and GVCs nexus with emerging economies' within a longitudinal research design. Systematic literature review in the current article is based on a structural analysis methodology to frame the categories of the major analysis in combination with scientific rigour to a broad and complex problem. The current scientific research study contributes to theory, practice and future research directions.
Journal Article
Regional Collaborative Innovation Advances the Development of New Quality Productive Forces: The Theoretical Basis and Paths to Realization
2024
In the context of the new technological revolution, a leap in productivity is refected in the shift from traditional productive forces to the new quality innovation-driven productive forces. In this leap, regional collaborative innovation plays an important role and significantly advances the vigorous development of new quality productive forces. On the Chinese path to modernization, new quality productive forces are characterized by \"three innovations,\" \"three industrial dynamics,\" and \"three transformations.\" Regional collaborative innovation can provide the impetus for major key technological breakthroughs, the building of technological innovation platforms, the facilitation of scientific and technological research and development and the commercialization of scientific and technological achievements, improvement in the training and exchange of technological innovation talents, innovations in the technological institutions and mechanisms, and the fostering of an integrated and open innovation ecosystem to promote the \"three innovations,\" \"three industrial dynamics,\" and \"three transformations,\" and thereby contribute to the development of new quality productive forces.
Journal Article