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.

scholarly journals Increasing the "Productivity" of the Academic Sector and Ensuring Cooperation with the Large Corporate Sector in Japan

2019 ◽  
Vol 9 (4) ◽  
pp. 657-670
Author(s):  
K. S. Kostyukova
Keyword(s):  
Business Models ◽  
Innovation Policy ◽  
Science And Technology ◽  
Innovation System ◽  
Corporate Sector ◽  
Positive Effects ◽  
Intersectoral Cooperation ◽  
Role Of The State ◽  
New Business ◽  
Venture Business

Purpose:the main purpose of this article is to review the Japanese policy to promote cooperation between the academic and large corporate sectors in the field of science and technology, and to analyze its role in the formation of the innovation system in Japan.Methods:this article is based on the analysis of scientific and analytical materials on the problem of research. The factual basis is the framework documents of the Cabinet of Japan.Results:the article provides a brief retrospective review on the support policy for universities and large corporate sector cooperation, identifies the key factors for the establishment of intersectoral cooperation; identifies the problem areas of the implemented policy that hinder the achievement of the set goals. The relative failure of the applied measures in the sphere of venture business support, commercialization of technologies and other instruments was noted. The hypothesis is put forward about the insufficiency of government efforts to monitor and analyze the activities already implemented, the lack of practice of taking into account failures in the formation of new programs and projects. Also revealed contradictions between the support programs implemented through various government agencies, which also leads to the inefficiency of scientific and technological projects and the establishment of dialogue with the corporate sector, including the need to resolve bureaucratic disagreements. It is also necessary to emphasize, that Japanese experience in implementing of science and technology and innovation policy is very important for Russian economic development. In particular, special attention is paid to study foreign experience in creating an effective mechanism of academic and private sectors interaction, where the key-supporting role is played by government in case of Japan. No doubt, it is not justified to try to copy any foreign institutional system, but the analysis of the negative and positive effects of foreign economic system cases is very valuable for self-institutional mechanisms development.Conclusions and Relevance:the analysis leads to the conclusion that Japan has not yet completed the transformation to a modern model of the national innovation system, the current problem is the weakness of relations between the academic and corporate sectors. At the same time, there is an excessive, "paternalistic" role of the state in the organization of intersectoral interactions, in the absence of attention to the optimization of conditions and incentives for this kind of dialogue. The Japanese government actively supports and tries to develop the practice of "open innovation" business model, but due to the obsolescence of existing institutional structures, as well as their unpreparedness to the development and perception of radically new business models, has not yet been able to achieve concrete sustainable results.

Sustainable Competitive Advantage Through Business Model Innovation

2020 ◽  
pp. 191-213
Author(s):  
Purna Prabhakar Nandamuri ◽  
K. S. Venu Gopala Rao ◽  
Mukesh Kumar Mishra
Keyword(s):  
Business Model ◽  
Business Models ◽  
New Technologies ◽  
Business Environment ◽  
Business Model Innovation ◽  
Sustainable Competitive Advantage ◽  
Term Survival ◽  
New Business ◽  
Indian Perspective

Conventionally, businesses focus on their offerings for growth. But the increasingly unpredictable business environment is making them irrelevant in the market. So, businesses should resort to a system of dynamic management by innovating on the business models rather than a single aspect of the business. Business model innovation demands neither new technologies nor creation of new markets, but cares about delivering the existing products produced by existing technologies to the existing markets, through a unique model. Hence, defining, innovating, and evolving new business models have become the new basis of competition. A differentiated, hard-to-imitate, effective, and efficient business model is more likely to ensure higher profits and long-term survival. In this context, the present chapter attempts to furnish multiple global evidences and discuss the Indian perspective of business model innovation.

Big Data and Data Analytics Research

Web Services ◽  
2019 ◽  
pp. 2161-2171
Author(s):  
Miltiadis D. Lytras ◽  
Vijay Raghavan ◽  
Ernesto Damiani
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Data Analytics ◽  
Business Models ◽  
Internet Technology ◽  
Cognitive Computing ◽  
New Paradigm ◽  
Web Science ◽  
New Business ◽  
Value Propositions

The Big Data and Data Analytics is a brand new paradigm, for the integration of Internet Technology in the human and machine context. For the first time in the history of the human mankind we are able to transforming raw data that are massively produced by humans and machines in to knowledge and wisdom capable of supporting smart decision making, innovative services, new business models, innovation, and entrepreneurship. For the Web Science research, this is a new methodological and technological spectrum of advanced methods, frameworks and functionalities never experienced in the past. At the same moment communities out of web science need to realize the potential of this new paradigm with the support of new sound business models and a critical shift in the perception of decision making. In this short visioning article, the authors are analyzing the main aspects of Big Data and Data Analytics Research and they provide their own metaphor for the next years. A number of research directions are outlined as well as a new roadmap towards the evolution of Big Data to Smart Decisions and Cognitive Computing. The authors do hope that the readers would like to react and to propose their own value propositions for the domain initiating a scientific dialogue beyond self-fulfilled expectations.

scholarly journals Measurable Effects of Metropolitan Gas Purchasing Group in the Light of Gas Market Functioning in Poland

Resources ◽  
2020 ◽  
Vol 9 (4) ◽  
pp. 36
Author(s):  
Karolina Mucha-Kuś
Keyword(s):  
Market Structure ◽  
Business Models ◽  
Market Liberalization ◽  
Positive Effects ◽  
A Value ◽  
New Business ◽  
Gas Market ◽  
Purchasing Group ◽  
New Business Models

As a result of the gas market liberalization, new business models are emerging and one that brings positive effects to market players is purchasing group functioning. This paper adopts the approach of gas market review and provides a synthesis of its functioning in Poland. The review focuses first on the frameworks of the process of gas market liberalization. Next, the author presents gas market structure and lists and comments on its components. Then, the main characteristics of the market are discussed. The author presents a case study of the Metropolitan Gas Purchasing Group—the largest gas purchasing group in Poland with the volume reaching almost 225 GWh of purchased gas. As a result, the author highlights the effects of this coopetitive strategy which reached a value of PLN 3,000,000.

Fernsehsender beraten

2019 ◽  
Author(s):  
Guido Vogt
Keyword(s):  
Business Models ◽  
Cost Effective ◽  
Term Survival ◽  
Moving Image ◽  
New Business ◽  
The Face ◽  
Streaming Services ◽  
Innovation And Change ◽  
New Business Models

Who needs television these days? Streaming services offer an oversupply of series and films. On Youtube there are videos on every conceivable topic. And over WhatsApp, new social media clips are constantly distributed to our smartphones. In the face of digital change and ubiquitous moving-image content, television is facing an existential test. Only the development of new business models and TV formats that represent genuine "originals" can ensure the long-term survival of the broadcasters. At the same time, an early and systematic detection and implementation of technology is essential. This book presents a suitable innovation and change management system to provide professional content creations and technology solutions in a manner, that is quality-orientated, timely delivered and cost-effective. Particular attention is paid to the possibilities for creative work. Ultimately creativity is decisive for success in the TV market.

scholarly journals PRIORITIES AND CHALLENGES OF INTRODUCTION OF DIGITAL INNOVATIONS IN THE FIELD OF FINANCIAL SERVICES

2021 ◽  
Author(s):  
Liudmyla Volokhova
Keyword(s):  
Information And Communication Technologies ◽  
Financial Services ◽  
Identity Management ◽  
Technological Development ◽  
Insurance Industry ◽  
Digital Data ◽  
Positive Effects ◽  
Monetary System ◽  
Multiplier Effects ◽  
State Of Affairs

The paper emphasizes that the transition to a digital economy is a reality dictated by time. The economy continues to grow at an incredible rate due to its ability to collect, use and analyze vast amounts of digital data. The advantages of digitalization are considered, which provide, first of all, numerous multiplier effects of digitalization, when all financial and production processes are included in a single information space. Over the last year, the vectors of e-commerce and banking, telecommunications, IT security, and other digital online tools have accelerated significantly. The real state of affairs shows that digital technology-based solutions are more efficient than traditional ones. The constant acceleration of digital trends will encourage investment not only in direct fintech projects, but also in technologies such as cybersecurity, fraud prevention and digital identity management. At the same time, in general, among the main risks and threats of digitalization, scientists include: the possibility of concentrating power in the market and strengthening monopolies; capture of new markets by transnational corporations; destabilization of the monetary system; growing dependence on leading companies in the field of information and communication technologies. At the same time, the fear of the dangers of digitalization has recently increased markedly. Most companies fear technological innovation due to the rise of cyber incidents. In the era of systemic interactions, digital technologies have a significant impact on social, ethical, legal and economic factors, so it is necessary to anticipate the possibility of maximizing the positive effects of technology and minimize the negative. New challenges can be used to destroy security and breach privacy. Given the fundamental difference between financial innovations and other types, the issues of nature, types, risks and limitations and challenges of implementing innovations in the field of financial services are considered. The paper considers extremely important issues of promoting the digital transformation of technological development for the insurance industry.

scholarly journals Innovative Business Models and Varieties of Capitalism: Financialization of the U.S. Corporation

2010 ◽  
Vol 84 (4) ◽  
pp. 675-702 ◽  
Author(s):  
William Lazonick
Keyword(s):  
Economic Growth ◽  
Business Model ◽  
Economic Performance ◽  
Business Models ◽  
New Paradigm ◽  
Executive Pay ◽  
Old Economy ◽  
Stock Buybacks ◽  
The U.S

How does economic organization affect economic performance? This analysis of the historical transformation of the U.S. economy from the business model of the “old economy” to that of the “new economy” demonstrates that the Japanese challenge of the 1980s was an important catalyst for the shift. Anchored by the “Chandlerian” corporation, the old model delivered economic growth that was much more equitable and stable than the new one. Furthermore, the business model that underpinned the Japanese challenge represented a superior version of the old U.S. prototype. The fi nancialization of corporate decision-making under the new paradigm has been the prime source of inequity and instability in U.S. economic performance over the past three decades. As manifested in outsized executive pay and massive stock buybacks, the fi nancialization of the U.S. corporation threatens long-term economic growth.

scholarly journals The long-term economic effects of pandemics: toward an evolutionary approach

2021 ◽  
Author(s):  
Beniamino Callegari ◽  
Christophe Feder
Keyword(s):  
Historical Analysis ◽  
Economic Effects ◽  
Economic Consequences ◽  
Evolutionary Approach ◽  
Positive Effects ◽  
Production Factors ◽  
Institutional Impact ◽  
The Impact ◽  
Theoretical Foundations

Abstract COVID-19 has brought to the forefront of academic debates the consequences of pandemics and their appropriate policy responses. Using the PRISMA methodology, we provide a comprehensive review of the economic and historical analysis of the long-term economic consequences of pandemics. Mainstream economists focus on the impact of pandemics on production factors, finding a rich but contrasting set of mechanisms with overall negative or insignificant effects. Historians focus on the institutional impact, finding positive effects of pandemics when they trigger new socioeconomic arrangements. Evolutionary economists can integrate into the economic debate both historical elements and the complex biological characteristics of pandemics. We argue that the evolutionary approach provides new and fertile theoretical foundations to understand the phenomenon and develop effective policies.

Sustainable Competitive Advantage Through Business Model Innovation

2018 ◽  
pp. 217-246
Author(s):  
Purna Prabhakar Nandamuri ◽  
K. S. Venu Gopala Rao ◽  
Mukesh Kumar Mishra
Keyword(s):  
Business Model ◽  
Business Models ◽  
New Technologies ◽  
Business Environment ◽  
Business Model Innovation ◽  
Sustainable Competitive Advantage ◽  
Term Survival ◽  
New Business ◽  
Indian Perspective

Conventionally, businesses focus on their offerings for growth. But the increasingly unpredictable business environment is making them irrelevant in the market. So, businesses should resort to a system of dynamic management by innovating on the business models rather than a single aspect of the business. Business model innovation demands neither new technologies nor creation of new markets, but cares about delivering the existing products produced by existing technologies to the existing markets, through a unique model. Hence, defining, innovating, and evolving new business models have become the new basis of competition. A differentiated, hard-to-imitate, effective, and efficient business model is more likely to ensure higher profits and long-term survival. In this context, the present chapter attempts to furnish multiple global evidences and discuss the Indian perspective of business model innovation.

scholarly journals Emerging Business Models in Education Provisioning: A Case Study on Providing Learning Support as Education-as-a-Service

2017 ◽  
Vol 7 (3) ◽  
pp. 92 ◽  
Author(s):  
Loina Prifti ◽  
Marlene Knigge ◽  
Alexander Löffler ◽  
Sonja Hecht ◽  
Helmut Krcmar
Keyword(s):  
Business Models ◽  
Learning Support ◽  
New Paradigm ◽  
Learning And Teaching ◽  
Industrial Internet ◽  
Education Industry ◽  
New Business ◽  
Art Research ◽  
Common Understanding

This study aims to give a deeper understanding on emerging business models in the context of education. Industry 4.0/the Industrial Internet in general and especially recent advances in cloud computing enable a new kind of service offering in the education sector and lead to new business models for education: Education-as-a-Service (EaaS). Within EaaS, learning, and teaching contents are delivered as services. By combining a literature review with a qualitative case study, this paper makes a three-fold contribution to the field of business models in education: First, we provide a theoretical definition for a common understanding of EaaS. Second, we present the state-of-the-art research on this new paradigm. Third, in the case study we describe a “best practices” business model of an existing EaaS provider. These insights build a theoretical foundation for further research in this area. The paper concludes with a research agenda for further research in this emerging field.

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