Edge AI Driven Technology Advancements Paving Way Towards New Capabilities

2020 ◽  
pp. 2040005
Author(s):  
Girish Kumar Agarwal ◽  
Mats Magnusson ◽  
Anders Johanson
Keyword(s):  
New Technology ◽  
Analytical Framework ◽  
Research Area ◽  
Dynamic Capability ◽  
Significant Extent ◽  
Manufacturing Firm ◽  
Resource Based View ◽  
Industrial Manufacturing ◽  
Stakeholder Groups ◽  
Start Ups

As industries hold the opportunity to embrace artificial intelligence (AI) driven innovation, their success to a significant extent will depend on the value the new technology generates for different business stakeholder groups. This is in turn dependent upon how management can embrace these techniques and change as companies will frequently need to transform both internal processes and offerings to customers in order to reap the benefits of AI. AI is a growing research area currently concentrated around technology and modeling of techniques and yet only few examples and limited research are available, on how AI technology enables new capabilities that can impact the value delivered as well as radically transform it. We thus need to understand what new capabilities these technologies bring about and how they are used. Based on three concrete empirical quasi-experiments, interviews conducted with start-ups and a Swedish industrial manufacturing firm dealing with outdoor power products (like grass-cutters, chain-saws, concrete-saws, etc.) for professional and consumer use and using an analytical framework derived from the Resource Based View, this paper explores capabilities enabled through Edge AI and the competitive advantage these may offer. Specific capabilities (self-calibration, enhanced-sensing, selective-capture and reputation) are identified and implications for theory are discussed, pointing out the importance to consider this type of technology not only as a resource, but rather as a dynamic capability in itself.

scholarly journals Customer relationships as dynamic capabilities of an enter-prise – theoretical aspects and practical implications

2018 ◽  
Vol 189 (4) ◽  
pp. 150-158
Author(s):  
Anetta Pukas
Keyword(s):  
Dynamic Capabilities ◽  
Research Area ◽  
Customer Relationships ◽  
Dynamic Capability ◽  
Source Analysis ◽  
Resource Based View ◽  
The Subject ◽  
New Research ◽  
Practical Implications ◽  
Theoretical Overview

The article has a character of a theoretical overview and presents marketing aspects of the Resource-Based View (RBV). The considerations in this article are related to the Dynamic Capability Concept as a new research area in management sciences. The theses of the ar-ticle focus particularly on locating customer relationships in the conceptual discourse of this concept. The purpose of this article is to identify relationships with customers as dy-namic capabilities of an enterprise. The article also presents directions of practical implica-tions and possibilities for using relational skills as a source of competitive advantage of an enterprise. The article uses the method of source analysis, which is based on domestic and foreign literature of the subject.

scholarly journals Technology Transfer Projects in the UK

2018 ◽  
Vol 14 (2) ◽  
pp. 52-72 ◽  
Author(s):  
Martin George Wynn
Keyword(s):  
Technology Transfer ◽  
Product Development ◽  
New Product Development ◽  
New Technology ◽  
Analytical Framework ◽  
Service Improvement ◽  
Key Factors ◽  
Study Approach ◽  
Business Practitioners ◽  
The Uk

This article examines how technology transfer has operated in university-company projects undertaken in small to medium sized enterprises via the UK Knowledge Transfer Partnership scheme. It adopts a qualitative case study approach, focusing on three companies drawn from an initial review of fourteen technology transfer projects. This provides the foundation for the development of a model of 12 key factors that underpinned successful outcomes in these projects. The fourteen projects are reviewed in terms of their impact on either process change, service improvement or product development, drawing upon the post-project assessments of the funding body and the developed model. Findings suggest that using new technology to innovate internal processes and services is likely to prove more successful than projects focusing on new product development. The model provides an analytical framework that will be of interest and value to academics and business practitioners looking to develop university-industry partnerships involving technology change and innovation.

scholarly journals An analysis of urban renewal decision-making in China from the perspective of transaction costs theory: the case of Chongqing

2020 ◽  
Vol 35 (4) ◽  
pp. 1177-1199
Author(s):  
Taozhi Zhuang ◽  
Queena K. Qian ◽  
Henk J. Visscher ◽  
Marja G. Elsinga
Keyword(s):  
Decision Making ◽  
Transaction Costs ◽  
Urban Renewal ◽  
Municipal Government ◽  
Analytical Framework ◽  
Adverse Outcomes ◽  
Policy Implications ◽  
Stakeholder Groups ◽  
High Level ◽  
The Empirical Analysis

Abstract In China, there is a growing number of urban renewal projects due to the rapid growth of the economy and urbanization. To meet the needs of urban development, urban renewal requires a sound decision-making approach involving various stakeholder groups. However, current urban renewal decision-making is criticized for poor efficiency, equity, and resulting in many unintended adverse outcomes. It is claimed that high-level transaction costs (e.g., a great deal of time spent on negotiation and coordination) are the factors hidden behind the problems. However, few studies have analyzed urban renewal decision-making in a transaction costs perspective. Using the case of Chongqing, this paper aims at adopting transaction costs theory to understand the administrative process of urban renewal decision-making in China. This research focuses on four key stakeholder groups: municipal government, district government, local administrative organizations, and the consulting parties. A transaction costs analytical framework is established. First, the decision-making stages of urban renewal and involved key stakeholder groups are clarified. Second, the transactions done by different stakeholder groups in each stage is identified, thus to analyze what types of transaction costs are generated. Third, the relative levels of transaction costs among different stakeholder groups were measured based on the interview. The empirical analysis reveals how transaction costs occur and affect urban renewal decision-making. Finally, policy implications were proposed to reduce transaction costs in order to enhance urban renewal.

Technology Transfer Projects in the UK

2020 ◽  
pp. 383-405
Author(s):  
Martin George Wynn
Keyword(s):  
Technology Transfer ◽  
Product Development ◽  
New Product Development ◽  
New Technology ◽  
Analytical Framework ◽  
Service Improvement ◽  
Key Factors ◽  
Study Approach ◽  
Business Practitioners ◽  
The Uk

This article examines how technology transfer has operated in university-company projects undertaken in small to medium sized enterprises via the UK Knowledge Transfer Partnership scheme. It adopts a qualitative case study approach, focusing on three companies drawn from an initial review of fourteen technology transfer projects. This provides the foundation for the development of a model of 12 key factors that underpinned successful outcomes in these projects. The fourteen projects are reviewed in terms of their impact on either process change, service improvement or product development, drawing upon the post-project assessments of the funding body and the developed model. Findings suggest that using new technology to innovate internal processes and services is likely to prove more successful than projects focusing on new product development. The model provides an analytical framework that will be of interest and value to academics and business practitioners looking to develop university-industry partnerships involving technology change and innovation.

Regulating European Clouds

2016 ◽  
pp. 42-60
Author(s):  
Szilvia Varadi
Keyword(s):  
Cloud Computing ◽  
Data Protection ◽  
New Technology ◽  
Research Area ◽  
Third Party ◽  
The European Union ◽  
General Data Protection Regulation ◽  
Goods And Services ◽  
Data Protection Directive ◽  
Set Up

Cloud Computing is a diverse research area that encompasses many aspects of sharing software and hardware solutions, including computing and storage resources, application runtimes or complex application functionalities. In the supply of any goods and services, the law gives certain rights that protect the consumer and provider, which also applies for Cloud Computing. This new technology also moves functions and responsibilities away from local ownership and management to a third-party provided service, and raises several legal issues, such as data protection, which require this service to comply with necessary regulation. In this chapter the author investigates the revised legislation of the European Union resulting in the General Data Protection Regulation, which will be used to set up the new European Data Protection Framework. The author gathers and summarizes the most relevant changes this regulation brings to the field of Clouds, and draws relations to the previous legislation called the Data Protection Directive currently in force.

Analytical Computing Stresses and Strains in Single Point Incremental Forming

2019 ◽  
Vol 825 ◽  
pp. 129-139
Author(s):  
Le Khanh Dien ◽  
Le Khanh Tan ◽  
Van Thanh Nguyen ◽  
Huy Bich Nguyen ◽  
Thanh Nam Nguyen
Keyword(s):  
Incremental Forming ◽  
New Technology ◽  
Single Point ◽  
Fem Simulation ◽  
Recent Decade ◽  
Analytical Framework ◽  
Single Point Incremental Forming ◽  
Normal Stresses ◽  
Forming Technology ◽  
Almost All

Nowadays, Single Point Incremental Forming (SPIF) has become popular for metal sheet forming technology in industry in many advanced countries. In the recent decade, many relative studies have concentrated on this new technology of forming sheet by Finite Element Method (FEM) as well as by empirical way. There were very rare studies by pure analytical computing and P.A.F. Martins et al. under a title “Theory of single point incremental forming” performed almost all these researches were based on the analytical framework of SPIF in 2008. After careful studying on this research, we found out its light illogical result: the stresses inside of a random point in the workpiece sheet are constant and not related to the coordinate of the formed point of the sheet. Therefore, it cannot explain the mechanism of rupture and tear of the sheet that is really a serious restriction of the SPIF technology nowadays. This paper dedicates to suggest a new version of pure analytical computing the normal stresses at a random formed point in the sheet that could explain the tear mechanism and a FEM simulation was also carried out also to prove the conviction of the recommended formula.

Co-production strategy, retail competition, and market segmentation

2019 ◽  
Vol 32 (2) ◽  
pp. 607-630 ◽  
Author(s):  
Junbin Wang ◽  
Xiaojun Fan
Keyword(s):  
Market Segmentation ◽  
New Technology ◽  
Empirical Studies ◽  
Analytical Framework ◽  
Future Research ◽  
Retail Competition ◽  
Business World ◽  
Content Type ◽  
Production Strategy ◽  
The Impact

Purpose The purpose of this paper is to examine the effect of manufacturers’ co-production strategy on market segmentation and channel performance under retail competition. Design/methodology/approach It differs from previous empirical studies by primarily focusing on the increment in consumer value accompanying co-production. The authors establish a game-theoretical model to analyze the impact of co-production on market segmentation and the profitability of channel members in a competitive retail environment. Findings The results reveal that manufacturers introducing co-production expand market coverage and benefit all channel members, when the intensity of competition is sufficiently high, especially for retailers with low-quality levels, who are out of the market without co-production. Furthermore, with the increase in customer valuation through co-production, employing a co-production strategy is always a dominant strategy for manufacturers. Research limitations/implications First, although the authors assume a monopoly manufacturer and two duopoly retailers, adding competition between manufacturers should enrich the model. Multiple products with vertical or horizontal differentiation could also be introduced into the model. Second, the authors use the multiplicative utility function to model the value co-creation effect on consumers; however, different utility functions may yield significantly different results and implications. Third, the authors model a one-shot game in a single product selling period; future studies may employ multi-period games to obtain further insight into co-production strategy. Finally, the model assumes that all consumers are homogenous in the extent of value creation and hassle cost. Future research may find it interesting to consider heterogeneity in these characteristics. Practical implications The business world today already sees the power of leadership in a supply chain to have shifted from manufacturers to retail giants such as Walmart, Home Depot and Best Buy. The findings also propose a new route to counteract the emergence and rise of dominant retailers. On the other hand, with the application of new technology in the retail industry such as 3D avatar, AR/VR, Internet of Things, consumers are more likely to participate in various forms of co-production activities, how to execute the co-production strategy has become more and more important for managers. Social implications The conclusion of this study points out the way to achieve a win–win outcome under which both channel members including manufacturer and retailers and consumers can be better off, that is, the channel can reach Pareto improvement, so the social welfare is increased accordingly. Originality/value The authors propose an analytical framework to examine the effects of co-production and competition on market segmentation and profitability, and prove that co-production is a powerful marketing tool that can attract consumers and increase profitability, which manufacturers can incorporate into their products even in a competitive environment.

Communities of Purpose

2009 ◽  
pp. 197-212
Author(s):  
Ashley Broganza
Keyword(s):  
Communities Of Practice ◽  
External Environment ◽  
Organizational Knowledge ◽  
Organizational Capabilities ◽  
Dynamic Capability ◽  
Resource Based View ◽  
Stakeholder Interests ◽  
Central Interest ◽  
Training Programmes

The integration of organizational knowledge across functional communities is increasingly seen as important. The frameworks to do so are often referred to as a ‘higher order set of principles’ or as ‘overarching architectures.’ While recognizing these frameworks as a source of competitive advantage, this chapter underlines the importance of linking organizational knowledge to practice. At the operational level, actual practices are rarely aligned with canonical practices contained in manuals, training programmes, and computer systems. In this theoretical chapter we show that the divergence between actual and canonical practices is exacerbated by a number of communities of practice addressing conflicting stakeholder interests. It is the link between knowledge and actual practice that is of central interest to this chapter. Exploring this relationship necessitates a reexamination of the role of communities of practice and frameworks for bringing together conflicting stakeholder interests. Drawing upon literatures from knowledge management, communities of practice, stakeholder, and resource-based theory this chapter suggests an integrative Purposive Community metaframework. The proposed conceptual framework contributes to the resource-based view of the firm by linking organizational knowledge to actual practices and enhancing organizational capabilities by integrating diverse stakeholder interests and expectations through a shared common goal. Such a metaframework can enhance an organisation’s dynamic capability to respond to and create change in its external environment.

Unlocking the Potential: Understanding the Psychological Factors That Influence Technology Adoption in the Upstream Oil and Gas Industry

SPE Journal ◽  
2019 ◽  
Vol 25 (01) ◽  
pp. 515-528
Author(s):  
Ruby Roberts ◽  
Rhona Flin
Keyword(s):  
Technology Adoption ◽  
Psychological Factors ◽  
Oil And Gas ◽  
New Technologies ◽  
New Technology ◽  
Oil And Gas Industry ◽  
Research Area ◽  
Organizational Level ◽  
Innovative Technology ◽  
Future Research

Summary To maximize the opportunities for the adoption of newly developed products, there is a need to better understand how psychological factors have an impact on the acceptance and deployment of innovative technology in industry. While there is extensive general literature on the psychological factors that influence consumer behavior and the use of new technologies, there seemed to be very limited understanding of this topic, specifically relating to the upstream energy sector. A literature review was conducted to (1) identify what, if any, research has been conducted in relation to the psychological factors influencing technology adoption and deployment in the oil and gas (O&G) industry and (2) identify what interventions have been developed to support technology adoption in O&G. A literature search was undertaken, and given the limited research anticipated, minimum selection criteria were applied on the basis of Cochrane quality control (Higgins and Green 2011). In the 17 articles that met the search criteria, there was limited discussion of the psychological factors that have an impact on O&G technology adoption. The articles were subject to Braun and Clarke (2006) thematic analysis, producing a list of psychological factors that influence technology adoption in O&G. Only five psychological factors were identified: personality (e.g., exploration traits and risk aversion), attitude (e.g., trust and not-invented-here syndrome), social (e.g., social norms), cognition (e.g., risk perception), and psychological factors at an organizational level (leadership and organizational culture). In addition, our review identified a small number of interventions that were developed and deployed to support technology adoption in O&G. Given the early stages of this research area, combined with the relevance for technology innovation in upstream O&G, our review adds to the literature by identifying an initial framework of the key psychological factors. This essential set of factors can be used to direct future research, as well as to support effective interventions aimed at supporting the introduction of new technology.

Reframing the Compositional Capability: A Resource-Based View on ‘A Composition-Based View of Firm Growth’

2015 ◽  
Vol 11 (3) ◽  
pp. 419-426 ◽  
Author(s):  
Henk W. Volberda ◽  
Emre Karali
Keyword(s):  
Competitive Advantage ◽  
Research Agenda ◽  
Firm Growth ◽  
Emerging Economy ◽  
Dynamic Capability ◽  
Future Research ◽  
Resource Based View ◽  
The Core ◽  
Future Research Agenda ◽  
Conceptual Setting

This commentary targets the core ideas of the composition-based view (CBV). First, we argue that the deployment of compositional capabilities (CCs) to combine ordinary resources fits the resource-based view (RBV) and that there is therefore no need for a CBV. Second, we argue that the CCs should be presented as a specific type of dynamic capability (DC). We show that even where ordinary resources are being combined, superior combinatory capabilities are needed as competitive advantage cannot otherwise be achieved. Third, we argue that Luo and Child (2015) focused too much on the emerging economy enterprises (EEEs) as the conceptual setting. We conclude with a future research agenda to prepare the ground for research on compositional capabilities within the composition-based view of the firm.

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