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Michael Spence has advised that responding to the future impact of technology will require a detailed understanding of the global forces and flows technology has set in motion. Adapting to them "will require shifts in mindsets, policies, investments (especially in human capital ), and quite possibly models of employment and distribution".
The current theoretical understanding of disruptive innovation is different from what might be expected by default, an idea that Clayton M. Christensen called the "technology mudslide hypothesis". This is the simplistic idea that an established firm fails because it doesn't "keep up technologically" with other firms.
"A capability is a concept that refers to an organization's use of a set of resources to carry out its routine and strategic activities". [34] The digital transformation capability (DTC) framework is a direct application of this theory, stating that resources can be either tangible, intangible or human. The tangible side of the DTC framework ...
In addition, the pace of recognition of Industry 4.0 and policy transition varies across countries; the definition of Industry 4.0 is not harmonised. One of the most known figures is Jeremy Rifkin who "agree[s] that digitalization is the hallmark and defining technology in what has become known as the Third Industrial Revolution". [33]
The educational organization entered into the tech industry and offered students a more convenient way to learn: online. It's technology like this that enable students to learn anything from anywhere.
The technology may be utilized by JPMorgan for a vast range of areas—errors, trading, research, and hedging to name a few—arguably illustrating fears that AI will take the jobs of human ...
Knowledge industries are those industries which are based on their intensive use of technology and/or human capital. [1] While most industries are dependent in some way on knowledge as inputs, knowledge industries are particularly dependent on knowledge and technology to generate revenue. Some industries that are included in this category ...
Technological change (TC) or technological development is the overall process of invention, innovation and diffusion of technology or processes. [1] [2] In essence, technological change covers the invention of technologies (including processes) and their commercialization or release as open source via research and development (producing emerging technologies), the continual improvement of ...