scholarly journals The analysis of the response from tertiary education programs to the challenges of the Fourth Industrial Revolution

2019 ◽  
Vol 13 (1) ◽  
pp. 1261-1266 ◽  
Author(s):  
Ioana Coralia Zavera
Keyword(s):  
Business Models ◽  
Industrial Revolution ◽  
Tertiary Education ◽  
Educational Environment ◽  
Human Society ◽  
New Paradigm ◽  
Education Programs ◽  
Fourth Industrial Revolution ◽  
New Business ◽  
Heated Debate

Abstract One can find at the level of the specialized literature a heated debate on the metaphor that defines the status of the international economy and human society. Some analysts argue that the Third Industrial Revolution is currently undergoing an advanced stage, while others claim that due to the speed, scale and impact of the transformations that have taken place, the fourth industrial revolution has already begun. This paper analyzes how the artificial intelligence, personalized medicine, virtual reality or the internet of things are a few motors that fueled the advance to the Fourth Industrial Revolution and their impact on cognitive competencies, skills and abilities to guarantee tertiary education programs. The main analytical hypothesis is that technology is the one that encourages humanity to accelerate and focus on changes in other areas, especially that the risk of increasing gap between technological advance and in areas such education appears. The paper examines the concrete way in which transformations that follow a symbiosis of man with technology contribute to the configuration of a new paradigm to which the educational environment has to face with. The paper aims also to highlight the main challenges of the educational environment in relation to the fourth industrial revolution, and what are the necessary transformation for a good correlation of the human capital with technological progress. Emphasis is on new sets of skills, creativity, innovation, so that new business models can be developed and applied in a changing environment.

scholarly journals DIGITAL GLOBALIZATION IN THE ERA OF THE FOURTH INDUSTRIAL REVOLUTION: POTENTIAL FOR TRANSFORMATION

2021 ◽  
Author(s):  
Olena Dovgal ◽  
◽  
Georgiy Dovgal ◽  
Keyword(s):  
International Trade ◽  
Business Models ◽  
Industrial Revolution ◽  
Production Costs ◽  
Fourth Industrial Revolution ◽  
Digital Infrastructure ◽  
The World ◽  
New Business ◽  
The Impact ◽  
New Business Models

The article considers the potential for transformation of the world economy under the influence of digital globalization in the era of the fourth industrial revolution. It is substantiated that within the framework of digital globalization the paradigm of organization of production, configuration and content of international trade are changing. At the same time, the process of digitalization leads to qualitative changes in all spheres of production, economic and trade activities around the world. Formation of production technological processes using the Internet of Things, modules of artificial intelligence and 3D-printing allows to reduce production costs and increase the competitiveness of products. Attention is focused on the essence of the changes taking place, the directions of the vectors of economic development in the context of the changing digital space. Particular attention is paid to the functioning of new business models (in particular, digital platforms), the transformation of the structure, configuration, forms and methods of international trade, as well as the impact of ongoing processes on international competitiveness. An important place is given to the problems of e-commerce, the content of the processes taking place in this segment of international economic relations. Some approaches to solving the problems of digitalization at the international and national levels are proposed. In the global dimension, it is important to ensure, through the adoption of binding legal documents for WTO member states on the freedom of information exchange, aimed at stimulating innovative development, promoting the removal of barriers in the e-commerce segment, encouraging investment in digital infrastructure and human capital. . The development of the country's digital potential and digital infrastructure involves the implementation of localization measures, ie requires the creation of national platforms for the accumulation and storage of information. It is concluded that the global process of digitalization creates the potential for dynamic development of new business models, stimulates productivity and increases competitiveness.

scholarly journals A Case Study of the Korean Government’s Preparation for the Fourth Industrial Revolution: Public Program to Support Business Model Innovation

2019 ◽  
Vol 5 (2) ◽  
pp. 35 ◽  
Author(s):  
Heyoung Yang ◽  
Su Youn Kim ◽  
Seongmin Yim
Keyword(s):  
Business Models ◽  
Industrial Revolution ◽  
Model Framework ◽  
Fourth Industrial Revolution ◽  
Business Ecosystems ◽  
Before And After ◽  
New Business ◽  
World Economic ◽  
Smart Cars

The Fourth Industrial Revolution caused by innovative technologies is an irresistible megatrend, and many companies, institutions, and major countries are making efforts to participate. The World Economic Forum took the lead in discussing the Fourth Industrial Revolution, adding the issue to its 2016 agenda, and found that many governments, including that of Korea, were concerned about how to support their nation’s participation in the Fourth Industrial Revolution and were pursuing programs to support such efforts. In this study, we describe one of those programs, the Korean government’s Flagship Project Support Program (FPSP), which supports latecomers in creating open platforms and creating new business ideas in innovative technological industries. The program helps businesses overcome entry barriers to existing business ecosystems established by big technological players in growing fields such as smart cars, the Internet of Things (IoT), virtual reality (VR), etc. The purpose of this study is to determine whether latecomers and small- and medium-sized companies that are experiencing difficulties in their own innovation can succeed in innovation through the Korean government’s FPSP. This study performed a comprehensive and qualitative analysis based on the Logic Model Framework consisting of an investigation of business ecosystems before and after the FPSP, assessment of outcomes, and evaluation of the effectiveness of the FPSP. This study shows that open platforms resulting from the FPSP successfully innovated business models in Korea. Our study, therefore, has implications for other governments seeking to play a role in supporting the Fourth Industrial Revolution.

Rethinking the production and consumption on the transition

2020 ◽  
Author(s):  
Heikki Ruohomaa ◽  
Vesa Salminen ◽  
Tapani Pöykkä
Keyword(s):  
Circular Economy ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technology ◽  
Transition Process ◽  
Business Environment ◽  
Raw Material ◽  
New Paradigm ◽  
Industrial Transformation ◽  
Fourth Industrial Revolution

<p><strong>Abstract.</strong> The new opportunities offered by technologies have caused societies to break through towards the fourth industrial transformation. It will change the whole society and its structures alongside the business and the transition process is still speeding. The world is also facing big megatrends like global warming, urbanization, digitalization, new revolutionary technologies.</p><p>Like the industrial revolutions before, the whole paradigm of society is changing, and it will happen also in the fourth industrial revolution, so there is a need to think how we should take a step towards to the new paradigm, so that we could be able to response to future challenges on sustainable way.</p><p>The fourth industrial revolution (4IR) technologies like sensor, IoT-platforms, artificial intelligence etc., give new possibilities to develop new, more efficient, more sustainable and more customer driven supply chain, prolong the lifetime of products and create new services and business models and this way reduce the use of materials of energy. There is also an argument to rethink the source of raw material, and in which extent the cities itself could be seen the source of needed materials and energy, by using new technology.</p><p>The move towards new ICT based technologies will happen unexpected fast, including exponential growth of data. That is the reason, why it is essential to understand the challenges of change and have a strategic view, identify the key elements and see the new opportunities in all levels of society development.</p><p>Circular Economy has been very much a hot topic in many discussions, but there has been quite little discussion about reengineering the value chains and production based on circular economy principles by using the new opportunities on 4IR technologies not only in production but also in creating service, which change the need/thinking of ownership and build new business models. In addition to this, the elements to improve business environment by local or national authorities and legislators.</p><p>Finland has is as a goal to develop to one of the leading countries in circular economy, In Finland, Forssa region is considered to be one of the most advanced region in bio-based circular economy.</p><p>In this article has been described the development of regional industrial symbiosis in order to have competitive of business and future development.</p>

scholarly journals The Fourth Industrial Revolution of Healthcare Information Technology: Key Business Components to Unlock the Value of a Blockchain-Enabled Solution

2020 ◽  
Author(s):  
Ann Ingraham ◽  
Jim St. Clair
Keyword(s):  
Business Model ◽  
Business Models ◽  
Industrial Revolution ◽  
Healthcare Information Technology ◽  
World Economic Forum ◽  
Goods And Services ◽  
Fourth Industrial Revolution ◽  
Blockchain Technology ◽  
New Business ◽  
World Economic

Editor’s note: This article is one of an ongoing series covering topics published in conjunction with the Health Information Management and Systems Society (HIMSS) describing the development of blockchain technology and its applicability to healthcare.  As described by the World Economic Forum (WEF),1 the fourth industrial revolution is here and is changing business models across every industry vertical. This revolution includes digital technology, big data, artificial intelligence, distributed ledger technology (DLT, or blockchain), and analytics, and represents new ways in which technology is being integrated into societies. This changing interaction with technology will impact business models. Traditional business models are historically based on a centralized framework for delivery of goods and services to the consumer. The new business model is based on the decentralization of the creation and delivery of goods and services. At the core of the new model, organizations must demonstrate value-creation and value-delivery, while ensuring their solutions are secure, scalable, and interoperable to remain competitive. A decentralized business model built on a blockchain framework can provide the decentralization and security needed for this industry shift. 

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

scholarly journals Impact of the World’s New Technological Revolution on Economic Development and Educational Reform in the Information Age

2021 ◽  
Vol 5 (11) ◽  
pp. 207-216
Author(s):  
Feng Cao
Keyword(s):  
Economic Development ◽  
Educational Reform ◽  
Industrial Revolution ◽  
Information Age ◽  
Human Society ◽  
Wealth Creation ◽  
Technological Revolution ◽  
Fourth Industrial Revolution ◽  
Important Impact

The fourth industrial revolution of human society is also known as the “world’s new technological revolution,” which has brought human society into the information age and has had an extremely important impact on economic development and educational reform. In the information age, economic development and wealth creation are dominated by the acquisition, mastery, distribution, and utilization of information instead of capital. Therefore, the cultivation of talents is very important, and educational reform is imperative with the rise of the world’s new technological revolution.

scholarly journals Water Education for Public Servants of Developing Countries in the post COVID-19 world

2021 ◽  
Vol 7 (2) ◽  
pp. 248-256
Author(s):  
Saebhom Kim ◽  
Sukkyung Sung ◽  
Younggyun Choi
Keyword(s):  
Developing Countries ◽  
Education Program ◽  
Design Education ◽  
Industrial Revolution ◽  
Program Effectiveness ◽  
Development Cooperation ◽  
Education Programs ◽  
Public Servants ◽  
Fourth Industrial Revolution ◽  
Water Education

After the COVID-19 pandemic, hand hygiene has become more important to prevent and reduce infection. To manage and provide water to ensure safe handwashing, water governance and the role of public servants are also getting critical. Many organizations have given their priority to capacity building of public servants. In the Strategic Plan for the ninth phase of the Intergovernmental Hydrological Programme (2022-2029), ‘Water education in the Fourth Industrial Revolution’ is included as a priority. In Korea, ODA in the field of water and sanitation is emphasized in Korea’s 3rd Mid-term Strategy for Development Cooperation (2021-2025). Also, KOICA and various water-related organizations have been organizing water education programs for developing countries. This study presents the direction for water education for public servants in developing countries in the post COVID-19 through the education program cases of the International Centre for Water Security and Sustainable Management established by the agreement between the Korean government and UNESCO in 2017. The study suggests that water-related organizations should cooperate with each other to prevent duplication of water education contents. It also suggests that blended learning should be actively utilized for the improvement of education program effectiveness. Lastly, the study emphasizes that education demand for the water technologies related to the fourth industrial revolution and smart water management is increasing, which should be considered when water-related organizations create online content or design education programs.

DIGITALIZATION AS A NEW PARADIGM OF SOCIO-ECONOMIC DEVELOPMENT

2020 ◽  
Vol 5 (11) ◽  
pp. 5-9
Author(s):  
T. S. KOLMYKOVA ◽  
◽  
S. V. KLYKOVA ◽  
N. Yu. MAKAROV ◽  
◽  
...  
Keyword(s):  
Business Models ◽  
Technological Development ◽  
Digital Data ◽  
New Paradigm ◽  
Positive Effects ◽  
Production Factors ◽  
Role Of The State ◽  
New Business ◽  
Structured Information

The article examines the substantive aspects of digitalization as a new paradigm of technical and technological development. The features that distinguish the digital economy are structured. Information, knowledge and digital data are key production factors. Digitalization is considered as a modern tool for ensuring economic growth. It leads to the emergence of positive effects: the emergence of new business models, the creation of a basis for breakthrough innovations, and ensuring competitiveness in the long term. The important role of the state in the implementation of largescale investments, which are the drivers of the development and implementation of digital technologies, was noted.

The Fourth Industrial Revolution: Inclusiveness, Affordability, Cultural Identity, and Ethical Orientation

2021 ◽  
Vol 10 (3) ◽  
pp. 57-68
Author(s):  
Reginald M.J. Oduor
Keyword(s):  
Cultural Identity ◽  
Industrial Revolution ◽  
Cultural Imperialism ◽  
Human Society ◽  
Ethical Orientation ◽  
Human Beings ◽  
Persons With Disabilities ◽  
Fourth Industrial Revolution ◽  
The Impact ◽  
Normative Considerations

Discussions on the impact and future directions of technology often proceed from an empirical point of view that seems to presume that the ebb and flow of technological developments is beyond the control of humankind, so that all that humanity can do is adjust to it. However, such an approach easily neglects several crucial normative considerations that could enhance the standing of individual human beings and whole communities as rational users of technology rather than its slaves. Besides, more often than not, technological products are designed in ways that neglect the needs of persons with disabilities, thereby perpetuating their exclusion from society. Consequently, this article proposes four normative considerations to guide the initiatives of African societies in their deployment of the technologies of the Fourth Industrial Revolution, namely, inclusiveness to meet the needs of all human beings, affordability to bridge the digital divide, respect for cultural identity to guard against cultural imperialism, and an ethical orientation as the over-arching guide to building a truly human society.

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