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. 

scholarly journals Development of Business Model Digital Fraction Property Investment

2020 ◽  
Vol 9 (2) ◽  
pp. 67-78
Author(s):  
I Gede Putu Rahman Desyanta ◽  
Gede Sri Darma
Keyword(s):  
Real Estate ◽  
Minimum Wage ◽  
Business Model ◽  
Business Models ◽  
Industrial Revolution ◽  
Blockchain Technology ◽  
Property Prices ◽  
The World ◽  
New Business ◽  
Digital Assets

Investing a property or real estate could be a challenge for Millennials generation. The increase in property prices is not in line with the increased of minimum wage that makes Millennials only afford to rent the property. To having an investment in property need more time in legal procedure, sometime need more than months. Fraction Property investment is a concept of investing property together. Separate the property in other format of digital assets distributed it to all more than one party. To implement this concept need to has a suitable business model and technology. Rising of industrial revolution 4.0, introduce the world with Blockchain Technology. The research is aiming to give better picture of new business model of investing on a property based on blockchain technology. With right business models, millennials generation will have another methods of investment on a property, that secure, easy and digital.

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.

scholarly journals Post Human Craft: A Humble Attempt to Reorient Makers to the Inevitable

Cubic Journal ◽  
2020 ◽  
pp. 150-165
Author(s):  
James Stevens ◽  
Keyword(s):  
Human Evolution ◽  
Industrial Revolution ◽  
First Century ◽  
World Economic Forum ◽  
Profound Change ◽  
Fourth Industrial Revolution ◽  
The World ◽  
World Economic ◽  
Digital Algorithms ◽  
Waking Up

Nearing the end of the second decade of the twenty-first century many craftspeople and makers are waking up to the inevitable reality that our next human evolution may not be the same, that this time it could be different. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum refers to what we are beginning to experience as the Fourth Industrial Revolution (Schwab 2017, 01). Schwab and his colleagues believe that this revolution could be much more powerful and will occur in a shorter period than the preceding industrial and digital revolutions. This revolution will cause a profound change in how we practice, labour and orient ourselves in the world. Rapidly evolving technologies will proliferate the use of robotics and personalised robots (co-bots) that can sense our presence and safely work alongside us. Digital algorithms are already becoming more reliable predictors of complex questions in medicine and economics than their human counterparts. Therefore, the gap between what a computer can learn and solve and what a robot can do will quickly close in the craft traditions. This article will engage in the discourse of posthumanism and cybernetics and how these debates relate to craft and making. Intentionally this work is not a proud manifesto of positions, strategies, and guidelines required for greatness. Alternatively, it is a humble attempt to reorient makers to the necessary discourse required to navigate the inevitable changes they will face in their disciplines. Thus, the article seeks to transfer posthumanist literary understanding to intellectually position craft in the Fourth Industrial Revolution.

SHORT-TERM, ECONOMIC AND SOCIAL, FORECAST OF THE FUTURE OF WORK

2019 ◽  
Vol 1 (XIX) ◽  
pp. 313-331
Author(s):  
Andrzej Świątkowski
Keyword(s):  
Industrial Revolution ◽  
New Economy ◽  
Human Beings ◽  
World Economic Forum ◽  
Short Term ◽  
Technological Transformation ◽  
Fourth Industrial Revolution ◽  
The Future ◽  
World Economic ◽  
Modern Technologies

The fourth industrial revolution (Industry 4.0) dynamically shift the line between the work performed by humans and those performed by machines, technologies, algorithms and artificial intelligence. The author examines The Future of Jobs Report 2018 published by Centre for the New Economy Society of the World Economic Forum. He tries to argue that the current technological transformation in the next five years, 2018-2022, managed wisely may improved the quality and productivity of work performed by human employees. The problem is that many of employees afraid that robots, computers, modern technologies an AI will eliminate jobs performed by human beings. The Author argues that technology eliminates jobs, not work

scholarly journals The Disruptive Futures of Education—Post-COVID-19 Pandemic

2021 ◽  
pp. 407-412
Author(s):  
Dzulkifli Abdul Razak
Keyword(s):  
Higher Education ◽  
Inflection Point ◽  
Industrial Revolution ◽  
World Economic Forum ◽  
Fourth Industrial Revolution ◽  
The World ◽  
World Economic

AbstractThe year 2020 is mostly known to many as an inflection point. A metaphorical vision to look far ahead, with clarity, taking on the various “disruptions” that have been much touted, namely, the Fourth Industrial Revolution (4IR). Since its pronouncement, four years ago, during the 2016 World Economic Forum in Davos, the world of higher education has been inundated with demands to introduce the so-called ‘Education 4.0’.

scholarly journals STRATEGI PEMERINTAH DALAM MENGHADAPI REVOLUSI INDUSTRI 4.0 : HAKI

2019 ◽  
Author(s):  
DEVI RISTA
Keyword(s):  
Industrial Revolution ◽  
World Economic Forum ◽  
Fourth Industrial Revolution ◽  
World Economic

Kemajuan teknologi dalam revolusi industri generasi ke-4 ini mengalamiterobosoan luar biasa. Untuk dapat bersaing dalam era revolusi industri generasi ke-4ini kita perlu meningkatkan kemampuan bangsa dalam mengembangkan keunggulanteknologi yang kompetitif dan mengembangkan kreatifitas yang berbasis padakekayaan intelektual khusus paten. Pengembangan sistem paten di Indonesia tidaklahsemata-mata karena tekanan dunia internasional, namun juga karena kebutuhannasional untuk menciptakan suatu sistem perlindungan paten yang efektif dan jugabermanfaat bagi bangsa Indonesia. Perangkat hukum dibidang paten diperlukan untukmemberikan perlindungan hukum dan mewujudkan suatu iklim yang lebih baik bagikegiatan invensi teknologi serta mempermudah masuknya teknologi ke dalam negeri.Untuk memperlancar tujuan itu semua maka perlu di dilakukan pembaharuan sistempaten diantaranya: ketentuan pengungkapan yang cukup (sufficient disclosure),ketentuan pengecualian terhadap hak eksklusif paten, ketentuan lisensi paten,ketentuan lisensi wajib paten, dan sistem pelayanan informasi paten.Revolusi Industri 4.0 Adalah Prof Klaus Schwab, Ekonomi terkenal dunia asalJerman, Pendiri dan Ketua Eksekutif World Economic Forum (WEF) yangmengenalkan konsep Revolusi Industri 4.0. Dalam bukunya yang berjudul“The Fourth Industrial Revolution”, Prof Schawab (2017) menjelaskan revolusiindustri 4.0 telah mengubah hidup dan kerja manusia secara fundamental.Revolusi industri saat ini memasuki fase keempat. Perkembangan ilmupengetahuan dan teknologi yang sangat pesat memberikan dampak yang besarterhadap kehidupan manusia. Banyak kemudahan dan inovasiyang diperoleh dengan adanya dukungan teknologi digital.Kata kunci: paten, invensi, teknologi, hak eksklusif, lisensi wajib

scholarly journals Impact of digital technologies on the company’s business model

2021 ◽  
Vol 244 ◽  
pp. 10002
Author(s):  
Tatyana Averina ◽  
Sergey Barkalov ◽  
Irina Fedorova ◽  
Vera Poryadina
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Processes ◽  
Industrial Revolution ◽  
Digital Technologies ◽  
Current Level ◽  
Fourth Industrial Revolution ◽  
Structured Approach ◽  
Systematic Modeling

The fourth industrial revolution is destroying traditional business models of companies. In order to maintain the current level of competitiveness, companies must adapt to changing conditions, draw up and implement strategies for introducing digital technologies into their business processes. The article presents a structured approach for systematic modeling of business digitalization.

scholarly journals Graduate generic competences from the perspective of VNU employers

2020 ◽  
Vol 11 (1) ◽  
pp. 131-145
Author(s):  
Mai thi quynh Lan
Keyword(s):  
Industrial Revolution ◽  
University Graduates ◽  
World Economic Forum ◽  
Technological Changes ◽  
New Ways Of Working ◽  
Fourth Industrial Revolution ◽  
New Knowledge ◽  
World Economic ◽  
Generic Competences ◽  
The University

The COVID-19 pandemic has accelerated a shift to new ways of working, prompting companies to reimagine how, where and by whom work gets done (World Economic Forum & Watson, 2020). This shift was already under way with the technological changes of the Fourth Industrial Revolution. Employers are looking for workers who are able to learn new knowledge and skills, adapt to the workplace, be sufficiently flexible to move jobs, and expand on the knowledge learnt at university. Applying the theory of generic competences and the model of thirteen generic competences for university graduates of the Tuning Asia - South East project (TASE), this research investigates the perspectives of VNU stakeholders about the generic competences of VNU graduates. In particular, this paper discusses the employers’ perspective of VNU graduates’ generic competences. Although employers rate all generic competences as important, they evaluated graduates’ achievement of seven generic competences as being at a less than satisfactory level. The findings of the research point to the need for the university to focus more on developing generic competences throughout the delivery of programs.

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.

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