An introduction to the new challenges and promise of I-4.0 based commercialisation in the COVID-19-induced 'low-touch economy' ecosystem

Q3 Decision Sciences

International Journal of Technology Intelligence and Planning Pub Date : 2022-01-01 DOI:10.1504/ijtip.2022.10051811

S. Walsh, R. Gary

{"title":"An introduction to the new challenges and promise of I-4.0 based commercialisation in the COVID-19-induced 'low-touch economy' ecosystem","authors":"S. Walsh, R. Gary","doi":"10.1504/ijtip.2022.10051811","DOIUrl":null,"url":null,"abstract":"The Fourth Industrial Revolution - Industry 4.0 (I-4.0) provides innovators new commercial promise and challenges. For the first time, service-based disruptive technologies are included as harbingers of the Schumpeterian economic industrial waves. The strategic, tactical, and operational importance of disruptive technologies and their resultant discontinuous innovations that underpin a new industrial wave are game-changing for state, regional, national, and global economies. However, there are always barriers, both technical and social, to new technology product adoption. The COVID-19-induced industry forcing function has created a ‘low-touch economy', changing business action and creating a new normal. We focus on the challenges to the realisation of I-4.0. We use the internet of things (IoT) as our exemplar. IoT is the first service-based technology to support an industrial revolution. It challenges the traditional view of how firms compete. It is creating wealth and jobs and is an agent of societal transformation. Copyright © 2022 Inderscience Enterprises Ltd.","PeriodicalId":52540,"journal":{"name":"International Journal of Technology Intelligence and Planning","volume":"3 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Technology Intelligence and Planning","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/ijtip.2022.10051811","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Decision Sciences","Score":null,"Total":0}

引用次数: 0

Abstract

The Fourth Industrial Revolution - Industry 4.0 (I-4.0) provides innovators new commercial promise and challenges. For the first time, service-based disruptive technologies are included as harbingers of the Schumpeterian economic industrial waves. The strategic, tactical, and operational importance of disruptive technologies and their resultant discontinuous innovations that underpin a new industrial wave are game-changing for state, regional, national, and global economies. However, there are always barriers, both technical and social, to new technology product adoption. The COVID-19-induced industry forcing function has created a ‘low-touch economy', changing business action and creating a new normal. We focus on the challenges to the realisation of I-4.0. We use the internet of things (IoT) as our exemplar. IoT is the first service-based technology to support an industrial revolution. It challenges the traditional view of how firms compete. It is creating wealth and jobs and is an agent of societal transformation. Copyright © 2022 Inderscience Enterprises Ltd.

查看原文本刊更多论文

介绍了在covid -19引发的“低接触经济”生态系统中基于I-4.0的商业化的新挑战和前景

第四次工业革命-工业4.0 (I-4.0)为创新者提供了新的商业承诺和挑战。以服务为基础的颠覆性技术首次被列为熊彼特经济产业浪潮的先兆。颠覆性技术的战略、战术和操作重要性，以及由此产生的支撑新工业浪潮的不连续创新，正在改变州、地区、国家和全球经济的游戏规则。然而，新技术产品的采用总会遇到技术和社会方面的障碍。新冠肺炎引发的行业强制功能创造了“低接触经济”，改变了商业行为，创造了新常态。我们专注于实现工业4.0的挑战。我们以物联网(IoT)为例。物联网是第一个支持工业革命的基于服务的技术。它挑战了企业如何竞争的传统观点。它正在创造财富和就业机会，是社会转型的推动者。版权所有©2022 Inderscience Enterprises Ltd。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

International Journal of Technology Intelligence and Planning Business, Management and Accounting-Management of Technology and Innovation

CiteScore

3.20

自引率

0.00%

发文量

期刊介绍： The IJTIP is a refereed journal that provides an authoritative source of information in the field of technology intelligence, technology planning, R&D resource allocation, technology controlling, technology decision-making processes and related disciplines.