Chinese banking sector: A major stakeholder in bringing fourth industrial revolution in the country

2021 ◽  
Vol 165 ◽  
pp. 120519
Author(s):  
Xingxing He ◽  
Deping Xiong ◽  
Wagdi M.S. Khalifa ◽  
Xin Li
Keyword(s):  
Industrial Revolution ◽  
Banking Sector ◽  
Fourth Industrial Revolution ◽  
Major Stakeholder ◽  
Chinese Banking

The Fourth Industrial Revolution and private commercial banks: the good, bad and ugly

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Asif Rahman ◽  
Md. Joynal Abedin
Keyword(s):  
Commercial Banks ◽  
Industrial Revolution ◽  
Banking Sector ◽  
Stock Exchange ◽  
Vital Role ◽  
Commercial Banking ◽  
Digital Products ◽  
Content Type ◽  
Traditional System ◽  
Fourth Industrial Revolution

Purpose This study aims to assess how new and emerging technologies can contribute to achieving the financial goals of the private commercial banking sector in Bangladesh. It considers the perception among the top management about the Fourth Industrial Revolution (4IR) and further measures the readiness of private commercial banks (PCBs) to become resilient. Design/methodology/approach This study attempts to measure the perception and readiness of the commercial banking sector because of the 4IR based on the stratified sampling method. The research is qualitative and selected PCBs listed in the Dhaka Stock Exchange. 4IR in the context of the banking sector in Bangladesh is a problem that has not been studied more clearly, intended to establish priorities, develop operational definitions and improve the final research design. Findings This research has identified a significant gap of study in the preparedness among the private commercial banking sector in Bangladesh to confront the 4IR while indicating the most significant risks and managerial insights. The findings show technologies will dramatically change the nature of work. Traditional system of banking from the branch will be shifting into banking from everywhere. Hence, digital products and services will foster value-driven business. The result of the study also states the readiness of the banking sector is in the preliminary stage and endorses some of the coping approaches. Research limitations/implications Different schools of thought regarding the role of the 4IR and its future consequences have been observed. The corporate sector in Bangladesh has an inclusive lack of understanding regarding the 4IR. Practical implications The insights may provide directions to banking financial institutions of Bangladesh to thrive during the 4IR. This study is intended to assist policymakers, decision-makers and employees of PCBs to increase awareness and preparedness for future challenges that may appear from the 4IR where the 41 competitive PCBs play vital role in turning the fast emerging Bangladesh economy. Originality/value The contribution of this paper associates with academics and bankers to increase understanding of coping in the context of the escalating use of emerging technology-driven banking services within the PCBs in Bangladesh by determining perception and testing different forms of readiness including a variety of important outcomes such as risks.

THE FOURTH INDUSTRIAL REVOLUTION (INDUSTRY 4.0) A SOCIAL INNOVATION PERSPECTIVE

2018 ◽  
Author(s):  
Klaus Schwab
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Social Innovation ◽  
Holistic Approach ◽  
Socioeconomic Impact ◽  
Fourth Industrial Revolution ◽  
Technological Developments ◽  
Rapid Pace ◽  
Sustainable System ◽  
Industrial Revolutions

The rapid pace of technological developments played a key role in the previous industrial revolutions. However, the fourth industrial revolution (Industry 4.0) and its embedded technology diffusion progress is expected to grow exponentially in terms of technical change and socioeconomic impact. Therefore, coping with such transformation require a holistic approach that encompasses innovative and sustainable system solutions and not just technological ones. In this article, we propose a framework that can facilitate the interaction between technological and social innovation to continuously come up with proactive, and hence timely, sustainable strategies. These strategies can leverage economic rewards, enrich society at large, and protect the environment. The new forthcoming opportunities that will be generated through the next industrial wave are gigantic at all levels. However, the readiness for such revolutionary conversion require coupling the forces of technological innovation and social innovation under the sustainability umbrella.

DEVELOPING THE SCIENTIFIC MAGAZINE IN THE PERIOD OF THE FOURTH INDUSTRIAL REVOLUTION 4.0

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Nguyen Duy Dung
Keyword(s):  
Artificial Intelligence ◽  
Information Technology ◽  
Industrial Revolution ◽  
Scientific Journal ◽  
Publishing Research ◽  
The Other ◽  
High Tech ◽  
Fourth Industrial Revolution ◽  
Socio Economic Development ◽  
International Scientific Journal

Characteristics of the industrial revolution 4.0 is the wide application of high-tech achievements, especially information technology, digitalization, artificial intelligence, network connections for management to create sudden changes in socio-economic development of many countries. Therefore, to reach the high-tech time, many magazines in Vietnam have changed dramatically, striving to reach the international scientific journal system of ISI, Scopus. The publication of international standard scientific journal will meet the demand of publishing research results of local scientists, on the other hand contribute to strengthening exchange, cooperation, international integration in science and technology.

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