Challenges and Opportunities for Shared Economies

Author(s):  
Chitrakalpa Sen ◽  
Surya Teja Adury

Shared economy or access economy has ushered in a new revolution. It is often mentioned that the fourth industrial revolution will be propagated by sharing economies. This study reviews the nature of shared economy and its impacts. It focuses on the challenges posed by access economy, especially in context of emerging nations. It discusses the unique nature of trust as a construct, the potential of sharing economy platforms to reduce the information barrier, the changing nature of relationship with the factors of production and most importantly, the regulatory challenges in this particular market structure.

Author(s):  
Mathew Maavak ◽  
Aini Suzana Ariffin

Malaysia intends to ride on the crest of the coming i.4.0 wave. According to the 2016 GE Global Innovation Barometer study, a significant number of Malaysian executives felt positive about embracing i4.0 vis-a-vis their global peers. On the surface, Malaysia appears ready for its own i4.0 revolution. According to the WEF's Networked Readiness Index on digital readiness, Malaysia was ranked 6th in terms of having the most tech-savvy government in the world. The automotive sector is ideally suited to kickstart the i4.0 revolution as it was traditionally regarded as the “industry of industries” – particularly due to its traditional role in spearheading wider, cross-sectoral industrialisation. However, Malaysia is not yet ready to embrace the 4th Industrial Revolution. This chapter discusses the obstacles, challenges, and opportunities facing i4.0 uptake in the Malaysian automotive industry. It ends by recommending a unique pathway for i4.0 adoption in the sector.


Author(s):  
Pedro Teixeira ◽  
Leonor Teixeira ◽  
Celeste Eusébio

This chapter describes how Tourism 4.0 is a concept that combines tourism and the fourth industrial revolution, and although the literature in this field is very scarce, this concept has been explored in some research projects, such as the government-sponsored research project in Slovenian tourism. People with various kinds of access requirements represent a combination of challenges and opportunities for the tourism industry. Tourism 4.0 set up the main goals of making tourism accessible to everyone at any time. Therefore, this new phenomenon may have an essential role in the development of accessible tourism. The adoption of technological components in accessible tourism enables the development of a new technological solution that can facilitate access to tourism products for disabled people, contributing to the development of accessible tourism. The new term Accessible@Tourism 4.0 is the answer to the role of the fourth industrial revolution in accessible tourism, emphasizing the effect of Industry 4.0 components in the tourism sector.


Author(s):  
Robert Lawrence Wichmann ◽  
Boris Eisenbart ◽  
Kilian Gericke

AbstractWith the rapid success of the digital enterprises in the 21st Century, industrial manufacturing is expected to be approaching the fourth industrial revolution, coined Industry 4.0 (I4.0). The instrumental technology that will drive this evolution is the integration of the physical and digital factory into one cyber physical system. There is consensus among academics and industry alike that there will be an integral paradigm shift in how offerings will be developed and manufactured. While there is much confidence that the future factory will have unprecedented capabilities to satisfy complex customer demands, there is little agreement on how individual organisations can utilise these trends. This paper presents a literature review identifying reoccurring themes and trends of I4.0 and their expected effect on future manufacturing. Central characteristics, challenges and opportunities are identified and discussed. The findings can provide support in developing actionable strategies for industry to direct I4.0 endeavours.


Author(s):  
Ghulam Rasool Madni

Around the middle of the twenty first century, world will be facing the fourth industrial revolution that will change the ways we work, live and relate to one another, be the result of advancements in artificial intelligence (AI), genetics, robotics, nanotechnology, biotechnology, computers, algorithms and 3D printing. The Fourth Industrial Revolution is opening up huge growth prospects for the world economy, while at the same time appearing new or worsening existing problems, one of which is unemployment. Automation and digitalization may result a jobless future and this debate is on theoretical as well as on empirical fronts since last decade. This paper is an attempt to explore fundamental transformation of employment patterns as a result of fourth industrial revolution with special reference to Pakistan. The main conclusion of the study reveals that large numbers of jobs are likely to be destroyed in future with advent of computerization at mass level. After brief analysis, this study provides some insights to be considered to combat the challenges and opportunities of fourth industrial revolution for the country.


2019 ◽  
Vol 5 (2) ◽  
pp. 173-178
Author(s):  
Sreenivasan Jayashree ◽  
C. A. Malarvizhi ◽  
Mohammad Nurul Hassan Reza

The Fourth Industrial Revolution, most encouraging industrial wave puts remarkable challenges and opportunities for organizations from the industrial, managerial and operational viewpoint. The achievement of the most recent innovations of Industry 4.0 and the change of creation methodology includes surprising challenges and opportunities in the ground of work and future manufacturing procedures require novel capabilities (Horváth, and Szabó, 2019). Sometimes the organizations face tremendous difficulties to identify the challenges as well as the opportunities of Industry 4.0. Hence, the challenges and opportunities of Industry 4.0 should be recognized appropriately, assessed precisely and afterward should be executed consequently. With the expectation of understanding the aspects of challenges and opportunities of Industry 4.0 as a disruptive industrial issue and to contribute the existing literature an arranged review strategy was executed to assemble the literature.


Author(s):  
Hamidulloh Ibda

Abstract: In answering the fourth industrial revolution era, basic Islamic education institutions did not adequately apply old literacy (reading, writing, arithmetic), but had to apply new literacy (data literacy, technology literacy and human resource literacy or humanism). This article discusses the challenges and opportunities of basic Islamic education in the era of the fourth industrial revolution. Strengthening new literacy in Islamic elementary education teachers as a key to change, revitalizing literacy-based curriculum and strengthening the role of teachers who have digital competencies. The teacher plays a role in building competency generation, character, having new literacy skills, and high-level thinking skills. Islamic elementary education as a basis for determining intellectual, spiritual, and emotional intelligence in children must strengthen 21st century literacy skills. Start creative aspects, critical thinking, communicative, and collaborative. Islamic elementary education is urgently needed to strengthen new literacy and revitalize digital-based curriculum. Curriculum revitalization refers to five basic values of good students, namely resilience, adaptability, integrity, competence, and continuous improvement. Islamic elementary education educators must be digital teachers, understand computers, and be free from academic illness. The goal is to realize high competency generation, character and literacy to answer the challenges of the fourth industrial revolution era. Abstrak: Dalam menjawab era Revolusi Industri 4.0, lembaga pendidikan dasar Islam tidak cukup menerapkan literasi lama (membaca, menulis, berhitung), tetapi harus menerapkan literasi baru (literasi data, literasi teknologi dan literasi sumber daya manusia atau humanisme). Artikel ini membahas tantangan dan peluang pendidikan dasar Islam di era Revolusi Industri 4.0. Penguatan literasi baru pada guru pendidikan dasar Islam sebagai kunci perubahan, revitalisasi kurikulum berbasis literasi dan penguatan peran guru yang memiliki kompetensi digital. Guru berperan membangun generasi berkompetensi, berkarakter, memiliki kemampuan literasi baru, dan keterampilan berpikir tingkat tinggi. Pendidikan dasar Islam sebagai dasar penentu kecerdasan intelektual, spiritual, dan emosional pada anak, harus memperkuat keterampilan literasi abad 21. Mulai aspek kreatif, pemikiran kritis, komunikatif, dan kolaboratif. Pendidikan dasar Islam urgen memperkuat literasi baru dan revitalisasi kurikulum berbasis digital. Revitalisasi kurikulum mengacu pada lima nilai dasar dari peserta didik yang baik, yaitu ketahanan, kemampuan beradaptasi, integritas, kompetensi, dan peningkatan berkelanjutan. Pendidik pendidikan dasar Islam harus menjadi guru digital, paham komputer, dan bebas dari penyakit akademis. Tujuannya mewujudkan generasi berkompetensi tingkat tinggi, karakter dan literasi untuk menjawab tantangan era Revolusi Industri 4.0.


2019 ◽  
Vol 35 ◽  
Author(s):  
Ashraf Patel

The article unpacks key policy and development issues and priorities with regards to Africa’s development at the G20 Summit held in Buenos Aires, Argentina in November 2018. The core themes are industrial development challenges and opportunities for African economies as they integrate in the global economy, tracing structural issues such as commodity cycles, infrastructure and policy requirements for sustainable economic development in the fourth industrial revolution era. It unpacks the education and skills development requirements for Africa to effectively—and equitably—participate in the global knowledge economy. The study then details African industrialisation pathways and options from various academic perspectives in an increasingly competitive world


The aim of writing this chapter is to describe the nexus between emerging technology in terms of fourth industrial revolution and corporate social responsibility in the presence of driven challenges and opportunities. This chapter also explains the current implications of the fourth industrial revolution to understand the current challenges, to address and find out opportunities. Similarly, this chapter also analyses that role of information technology overall as a factor of globalization. Furthermore, in term of the emerging issues, which are significant challenges of the world, such sustainable development consists of economic, social, and environmental factors. The discussion reveals that, to achieve sustainable development in the presence of fourth industrial revolution, it is the responsibility of the corporate sector to use all technologies in a socially and economically friendly manner; therefore, the maximum advantages could be derived from its use.


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