scholarly journals Surviving and thriving in the Fourth Industrial Revolution: Digital skills for education and society

2019 ◽  
Vol 2 (1) ◽  
pp. 34 ◽  
Author(s):  
Charalambos Tsekeris
Keyword(s):  
Technological Progress ◽  
Industrial Revolution ◽  
Collective Intelligence ◽  
Responsible Innovation ◽  
Fourth Industrial Revolution ◽  
Digital Skills ◽  
Multiple Challenges ◽  
Education And Society ◽  
Sustainable Economic Growth ◽  
And Control

This concise article maintains that, in times of structural and persistent crisis, Europe needs to effectively tackle the multiple challenges and existential fears by cultivating a strong and dynamical digital skills ecosystem, based on collective values and the fundamental liberal principles of co-creation, co-evolution, and collective intelligence, over against the obsolete principles of optimisation and top-down administration and control. This will arguably result in upgrading humanism (humanism 2.0) and democracy (democracy 2.0), and in boosting responsible innovation and, therefore, adaptiveness, as well as in translating technological progress into inclusive and sustainable economic growth, and risks into creative opportunities for all citizens.

scholarly journals SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENT AS A FACTOR OF ACCELERATING ECONOMIC GROWTH IN RUSSIA

2021 ◽  
Vol 230 (4) ◽  
pp. 237-244
Author(s):  
E.B. LENCHUK ◽  
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Large Scale ◽  
Industrial Revolution ◽  
Technological Development ◽  
Technological Basis ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Sustainable Economic Growth ◽  
Scientific And Technological Development

The article deals with the modern processes of changing the technological basis of the world economy on the basis of large-scale transition to the use of technologies of the fourth industrial revolution, shaping new markets and opens up prospects for sustainable economic growth. It is in the scientific and technological sphere that the competition between countries is shifting. Russia remains nearly invisible player in this field. The author tried to consider the main reasons for such a lag and identify a set of measures of state scientific and technological policy that can give the necessary impetus to the scientific and technological development of Russia.

scholarly journals Feasibility of the Fintech Industry as an Innovation Platform for Sustainable Economic Growth in Korea

2019 ◽  
Vol 11 (19) ◽  
pp. 5351 ◽  
Author(s):  
Yong Jae Shin ◽  
Yongrok Choi
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Industrial Revolution ◽  
Financial Industry ◽  
Fourth Industrial Revolution ◽  
Linkage Effect ◽  
Forward Linkage ◽  
Almost All ◽  
Innovation Platform ◽  
Sustainable Economic Growth

This paper examines the feasibility of fintech as a platform for sustainable economic growth and as a prompter of the fourth industrial revolution. To analyze the role of fintech in the national economy, we first broaden its definition and compare its economic performance using three methodologies—Demand-driven model, Supply-driven model and industry linkage effect in interindustry analysis. We find that the fintech industry has a stronger effect on production inducement. Regarding industry linkage effects, fintech ranked the top in all 31 industries for the forward linkage effect and 22 for the background linkage effect—much higher than the traditional financial industry. This implies that the fintech industry is effective as the intermediate good with national demand as well as the final good. Particularly, this industry plays the roles of intermediate and final goods across almost all industries. That is, fintech could better promote overall national economic performance as a platform industry. Because most businesses within the fintech industry depend on innovation through the integration of finance and information technology, we find that fintech can feasibly prompt the fourth industrial revolution. Nonetheless, this industry is characterized by excessive regulations in Korea, indicating the need for negative regulation for new, innovative businesses within the fintech industry that would critically emphasize innovativeness for inclusive, sustainable economic growth.

scholarly journals Effectiveness of governance towards digitalisation at eThekwini Metropolitan Municipality in KwaZulu-Natal province, South Africa

2019 ◽  
Vol 7 (1) ◽  
Author(s):  
Nirmala Govender ◽  
Purshottama S. Reddy
Keyword(s):  
Technological Progress ◽  
Industrial Revolution ◽  
Good Governance ◽  
National Government ◽  
Research Approach ◽  
Public Governance ◽  
Governance Framework ◽  
Fourth Industrial Revolution ◽  
Kwazulu Natal ◽  
Governance Processes

Background: South African cities have been facing challenges since democratisation to meet the expectations of the citizens. The challenges have included fraud and corruption, financial constraints, lack of service delivery and technological progress, amongst others, which were underpinned by weak leadership and governance processes. This article explored eThekwini Metropolitan Municipality’s technological progress and identified that inefficiencies in good governance and the lack of a governance framework have limited digitalisation.Aim: The aim of this study was to assess the progress towards digitalisation and review the effectiveness of the governance processes within the eThekwini Municipality in contributing towards the fourth industrial revolution.Setting: The study was based on the processes at the eThekwini Municipality in KwaZulu-Natal province, South Africa.Methods: A qualitative research approach was used, and the study is exploratory in nature.Results: The study identified that there was limited digitalisation at eThekwini Municipality. Furthermore, governance processes and an overall governance framework were lacking within the municipality. There was also limited support from the national government to address the fourth industrial revolution at local government level.Conclusion: The implications of a lack of a strong public governance framework, and not being supported sufficiently by the national government, mean that the eThekwini Metropolitan Municipality cannot compete internationally within the digital economy. The national government must co-ordinate a collaborated effort towards digitalisation, especially at municipal level. A multilevel governance framework, identifying collaboration between the various levels of government and the public, has been identified as the key response in embracing and enhancing the fourth industrial revolution within municipalities.

scholarly journals A Review of Minimizing Delay in Construction Industries

2018 ◽  
Vol 65 ◽  
pp. 03004
Author(s):  
Muhamad Azry Khoiry ◽  
Suhaniya Kalaisilven ◽  
Azlina Abdullah
Keyword(s):  
Control System ◽  
Technology Management ◽  
Construction Projects ◽  
Industrial Revolution ◽  
Construction Project ◽  
Good Relationship ◽  
Skilled Labour ◽  
Fourth Industrial Revolution ◽  
And Control

Construction is an important industry to determine the development of a country. However, this industry faced delay issues caused by various factors that affect proper construction project. Hence, minimizing delay in construction should be focused on overcoming the delay issue. Thus, the objective of this study is to critically review the main criteria of minimizing delay based on the most significant items that suggested in the previous journals. This paper reviewed 47 journals that studied the issues of delays in construction projects. Through this study, the authors have classified four main criteria for minimizing delays, which are; management, interpersonal, technical and technology. Management ensures the proper manage of time, financial and control system in construction to minimize delay. While, interpersonal promote a good relationship between construction parties, hire of competent and skilled labour and responsibility of the owner to avoiding delay. Besides, technical ensure the quality of project and technology could improve the productivity of construction based on fourth industrial revolution development in the construction field. Thus, this study contributes to construction parties able to focus on elements to overcome the delay issue in they faced and applied the ideas based on the element to minimize delay in the construction project.

Fourth industrial revolution and India's “employment problem”

2020 ◽  
Vol 47 (7) ◽  
pp. 851-866
Author(s):  
Sujatra Bhattacharyya ◽  
Arup Mitra
Keyword(s):  
Productivity Growth ◽  
Technological Progress ◽  
Industrial Revolution ◽  
Employment Growth ◽  
Capital Intensity ◽  
Industrial Sector ◽  
Content Type ◽  
Employment Problem ◽  
Fourth Industrial Revolution ◽  
The Impact

PurposeThis paper aims at assessing the impact of innovation on productivity as sustainable development can be attained primarily through non-resource-driven growth. Secondly, it also proposes to reflect on the rising capital intensity in the Indian industries as technology advancement, particularly in the light of the fourth industrial revolution, is expected to reduce the labour absorbing capacity of the industrial sector.Design/methodology/approachBased on panel data for different Indian firms in various groups of industries, this paper estimates TFPG and TE (following Cornwell et al. methodology) and assesses the impact of R&D expenditure on the performance indices. Secondly, it measures the capital intensity across various groups of industries to reflect on the “employment problem”.FindingsInnovation does not seem to enhance the performance index in a very significant manner across industry groups considered in the study. The lack of extensive evidence on impact of innovation on total factor productivity growth suggests that innovation does not necessarily result in technological progress while the need of the hour is to experience non-resource-driven growth on the one hand and employment growth on the other. The positive impact of innovation on efficiency as seen in the paper can be interpreted as the expenditure incurred to realize the potentiality of the technology which is possibly imported. However, capital accumulation is resulting in rapid productivity growth at the cost of employment.Research limitations/implicationsCapturing technological progress in terms of TFPG can be subjected to criticism.Practical implicationsPolicy implications for employment generation and inclusive growth are derived.Social implicationsThe study cautions us about the adverse implications in terms of employment growth.Originality/valueAssessing the impact of innovation on performance such as TFPG and TE is rather rare in the literature, and this paper tries to reflect on this aspect using the Indian firm-level data. Secondly, the trade-offs between productivity growth and employment growth are brought out distinctly in order to highlight the declining labour absorbing capacity of the industrial sector. This enables us to reflect on the adverse consequences of the fourth industrial revolution.

Fourth Industrial Revolution: Competencies of Potential Leaders

2021 ◽  
Vol 9 (3) ◽  
pp. 246-253
Author(s):  
Sultan Ali Suleiman AlMazrouei
Keyword(s):  
Positive Emotions ◽  
Industrial Revolution ◽  
Educational Leaders ◽  
Working Environment ◽  
Strong Impact ◽  
New Developments ◽  
Building Relationships ◽  
Organization Transformation ◽  
Fourth Industrial Revolution ◽  
And Control

Fourth industrial revolution would have strong impact on services and working environment so that a new philosophy should be applied to manage organization resources. Educational leaders need certain competencies to respond swiftly to new developments and their implications in their organizations. Thus, this research undertake a systematic literature review to shed light on the characteristics of fourth industrial revolution and the required competencies of educational leaders in this era. The results of literature emphasized the importance of high communication rate. Employees should be connected in a network regardless of their positions. They need to connect together with heads, hearts, and hands and have positive emotions to overcome challenges they confront. Building relationships with all stakeholders are also important. Understanding individuals’ personalities is the key to change and control their attitudes and behaviours through changing their environment. The values and morale of organizations and leaders are important to maximize performance of employees. Furthermore, some researches highlighted that some practices eliminate the change process. For example, having politics and discrimination between employees, and ignoring employees’ emotions will hinder the progress of organization. Hierarchical structure of organization inhibits organization transformation and progress. Therefore, there must be strategic planning along with appropriate skills, abilities and adequate resources to implement and sustain the change to meet fourth industrial revolution.

scholarly journals A RANKING OF COUNTRIES CONCERNING PROGRESS TOWARDS A SOCIETY 5.0

2021 ◽  
Vol 11 (4) ◽  
pp. 188-199
Author(s):  
Arnoldo José De Hoyos Guevara ◽  
Daniela Mary Terra ◽  
Jerônimo Henrique Portes ◽  
José Luiz Alves da Silva ◽  
Kallita Ester Magalhães
Keyword(s):  
Latin America ◽  
Industrial Revolution ◽  
Business Sustainability ◽  
Fourth Industrial Revolution ◽  
Synthetic Indicator ◽  
Agile Process ◽  
Key Indicators ◽  
Education And Society ◽  
The Impact ◽  
The Relationship

The Fourth Industrial Revolution has arrived, and we are trying to adapt to the innovations. It is changing the way we interact in society, how we consume, live and work. But this agile process already presents a new stage that takes place in conjunction with the new digital age, involving people, technology, sustainability, risks and opportunities: it is the 5.0 Society. This article seeks to understand the impact of ongoing changes and the needs around sustainability, analyzing key indicators that include both movements. With this, we hope to obtain data on the possibility of building the new Sustainable Technology Society, besides investigating the next steps to make this happen in Latin America. In this study, 35 variables were analyzed a sample of 57 countries, including management, business, sustainability, technology, education and Society 5.0 dimensions, among others. We present an analysis of the relationship between the variables and the creation of a synthetic indicator, called S5I (Society 5.0 Index), which allows us to show the position of each country in this ranking. This is the discussion we present here. 

scholarly journals Collective Intelligence: An Emerging World in Open Innovation

2019 ◽  
Vol 11 (16) ◽  
pp. 4495 ◽  
Author(s):  
JinHyo Joseph Yun ◽  
EuiSeob Jeong ◽  
Xiaofei Zhao ◽  
Sung Deuk Hahm ◽  
KyungHun Kim
Keyword(s):  
Pharmaceutical Industry ◽  
Automotive Industry ◽  
Open Innovation ◽  
Industrial Revolution ◽  
Collective Intelligence ◽  
Pharmaceutical Patents ◽  
Fourth Industrial Revolution ◽  
Research Questions ◽  
The Relationship ◽  
Inside Out

Responding to the lack of empirical research on the effect of collective intelligence on open innovation in the fourth industrial revolution, we examined the relationship between collective intelligence and open innovation. Collective intelligence or crowd innovation not only produces creative ideas or inventions, but also moderates any firm to innovate inside-out, outside-in, or in a coupled manner. We asked the following research questions: Does collective intelligence (or crowd innovation) motivate open innovation? Is there any difference in the effect of collective intelligence on open innovation by industry? These research questions led to the following three hypotheses: (1) Collective intelligence increases the performance of a firm, (2) collective intelligence will moderate the effect of open innovation, and (3) differences exist between the automotive industry and the pharmaceutical industry in these two effects. To empirically examine these three hypotheses, we analyzed the registered patents of these two industries from 2000 to 2014 over a 15-year period. These automotive and pharmaceutical patents were registered in the B60 category and the A61K category of the Korea Patent office, respectively. Collective intelligence was measured by co-invention. We found differences in the effects of collective intelligence on open innovation between the two industries. In the automotive industry, collective intelligence not only directly increased the performance, but also indirectly moderated the open innovation effect. However, this was not the case for the pharmaceutical industry.

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