Innovation And Automation

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Automation, Innovation and Economic Crisis

Author : Jon-Arild Johannessen
Publisher : Routledge
ISBN 13 : 1351039849
Total Pages : 197 pages
Book Rating : 4.3/5 (51 download)

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Book Synopsis Automation, Innovation and Economic Crisis by : Jon-Arild Johannessen

Download or read book Automation, Innovation and Economic Crisis written by Jon-Arild Johannessen and published by Routledge. This book was released on 2018-05-15 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fourth industrial revolution is developing globally, with no geographical centre. It is also taking place at enormous speed. This development will shape the workplaces of the future, which will be entirely different from the workplaces created by the first, second and third industrial revolutions. Industry created the industrial worker. The knowledge society will create a new type of "industrial worker", the knowledge worker. While the third industrial revolution was concerned with the digitalization of work, in the fourth industrial revolution, robots will bring about the informatization of work. Many of these robots will be systematically connected, such that they can obtain updated information and learn from their own and others’ mistakes. The way we work, where we work, what we work on, and our relationships with our colleagues and employers are all in a state of change. The workplace of the future will not necessarily be a fixed geographical location, but may be geographically distributed and functionally divided. In his book, Jon-Arild Johannessen argues that a "perfect" social storm occurs when inequality grows at a catastrophic rate, unemployment increases, job security is threatened for a growing number and robotization takes over even the most underpaid jobs. Thus, the ingredients for a perfect social storm will be brought forward by cascades of innovations that will most likely lead to economic and social crises and he argues that it is reasonable to assume that it will only take a small spark for this social storm to develop into a social revolution.

Automation, Innovation and Work

Author : Jon-Arild Johannessen
Publisher : Routledge
ISBN 13 : 1000051617
Total Pages : 289 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Automation, Innovation and Work by : Jon-Arild Johannessen

Download or read book Automation, Innovation and Work written by Jon-Arild Johannessen and published by Routledge. This book was released on 2020-03-11 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial intelligence will not necessarily create a super-intelligent “human robot”; however, it is very probable that intelligent robots and intelligent informats will bring about a form of super-globalization, in which money and goods are prioritized over people and democracy and where the widespread use of casual labour – that is, short-term contracts – will become the most common form of employment relationship. It is also very likely that artificial intelligence will bring about what is known as singularity. This term is used to describe a situation where intelligent robots, from a rational and logical perspective, are smarter than humans, i.e. the development of AI. This book explores the impact that these intelligent robots and intelligent informats will have on social and societal development. The author tackles the question of singularity from three distinct standpoints: technological singularity – the intelligence of machines compared to that of humans – which he argues will bring about a qualitatively new labour market; economic singularity – the consequences for work relationships, value creation and employment – which he asserts will promote full automation, result in precarious contracts with low salaries, and, in some countries, possibly lead to the introduction of a universal basic income; and social singularity – the consequences of technological and economic singularity for democratic processes, bureaucratic procedures for exercising authority and control, and the direction in which society will develop, in addition to the emergence of new social institutions – which Johannessen says will promote a transition from representative democracy to genuine democracy. The book will appeal to academics, researchers and students of economic sociology and political economy, as well as those focusing upon the emerging innovation economy. It will also find an audience among professionals and policymakers keen to understand the impact the Fourth Industrial Revolution will have on organizations, individuals and society at large.

Driving Innovation and Productivity Through Sustainable Automation

Author : Amini, Ardavan
Publisher : IGI Global
ISBN 13 : 1799858804
Total Pages : 275 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Driving Innovation and Productivity Through Sustainable Automation by : Amini, Ardavan

Download or read book Driving Innovation and Productivity Through Sustainable Automation written by Amini, Ardavan and published by IGI Global. This book was released on 2021-02-26 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industry 4.0 and the subsequent automation and digitalization of processes, including the tighter integration of machine-machine and human-machine intercommunication and collaboration, is adding additional complexity to future systems design and the capability to simulate, optimize, and adapt. Current solutions lack the ability to capture knowledge, techniques, and methods to create a sustainable and intelligent nerve system for enterprise systems. With the ability to innovate new designs and solutions, as well as automate processes and decision-making capabilities with heterogenous and holistic views of current and future challenges, there can be an increase in productivity and efficiency through sustainable automation. Therefore, better understandings of the underpinning knowledge and expertise of sustainable automation that can create a sustainable cycle that drives optimal automation and innovation in the field is needed Driving Innovation and Productivity Through Sustainable Automation enhances the understanding and the knowledge for the new ecosystems emerging in the Fourth Industrial Revolution. The chapters provide the knowledge and understanding of current challenges and new capabilities and solutions having been researched, developed, and applied within the industry to drive sustainable automation for innovation and productivity. This book is ideally intended for managers, executives, IT specialists, practitioners, stakeholders, researchers, academicians, and students who are interested in the current research on sustainable automation.

The Automation Advantage: Embrace the Future of Productivity and Improve Speed, Quality, and Customer Experience Through AI

Author : Bhaskar Ghosh
Publisher : McGraw Hill Professional
ISBN 13 : 1260473309
Total Pages : 289 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis The Automation Advantage: Embrace the Future of Productivity and Improve Speed, Quality, and Customer Experience Through AI by : Bhaskar Ghosh

Download or read book The Automation Advantage: Embrace the Future of Productivity and Improve Speed, Quality, and Customer Experience Through AI written by Bhaskar Ghosh and published by McGraw Hill Professional. This book was released on 2021-12-07 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the global automation leaders at Accenture—the first-ever comprehensive blueprint for how to use and scale AI-powered intelligent automation in the enterprise to gain competitive advantage through faster speed to market, improved product quality, higher efficiency, and an elevated customer experience. Many companies were already implementing limited levels of automation when the pandemic hit. But the need to rapidly change business processes and how organizations work resulted in the compression of a decade’s worth of digital transformation into a matter of months. Technology suddenly became the essential element for rapid organizational change and the creation of 360-degree value benefiting all stakeholders. Businesses are faced with the imperative to embrace that change or risk being left behind. In The Automation Advantage, global enterprise technology and automation veterans Bhaskar Ghosh, Rajendra Prasad, and Gayathri Pallail give business leaders and managers the action plan they need to execute a strategic agenda that enables them to quickly and confidently scale their automation and AI initiatives. This practical and highly accessible implementation guide answers leaders’ burning questions, such as: How do I identify and prioritize automation opportunities? How do I assess my legacy systems and data issues? How do I derive full value out of my technology investments and automation efforts? How can I inspire my employees to embrace change and the new opportunities presented by automation? The Automation Advantage goes beyond optimizing process to using AI to transform almost any business activity in any industry to make it faster, more streamlined, cost efficient, and customer-focused—vastly improving overall productivity and performance. Featuring case studies of successful automation solutions, this indispensable road map includes guiding principles for technology, governance, culture, and leadership change. It offers a human-centric approach to AI and automation that leads to sustainable transformation and measurable business results.

The Economics of Artificial Intelligence

Author : Ajay Agrawal
Publisher : University of Chicago Press
ISBN 13 : 0226833127
Total Pages : 172 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis The Economics of Artificial Intelligence by : Ajay Agrawal

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

The Future of Work

Author : Darrell M. West
Publisher : Brookings Institution Press
ISBN 13 : 0815732945
Total Pages : 223 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis The Future of Work by : Darrell M. West

Download or read book The Future of Work written by Darrell M. West and published by Brookings Institution Press. This book was released on 2018-05-15 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking for ways to handle the transition to a digital economy Robots, artificial intelligence, and driverless cars are no longer things of the distant future. They are with us today and will become increasingly common in coming years, along with virtual reality and digital personal assistants. As these tools advance deeper into everyday use, they raise the question—how will they transform society, the economy, and politics? If companies need fewer workers due to automation and robotics, what happens to those who once held those jobs and don't have the skills for new jobs? And since many social benefits are delivered through jobs, how are people outside the workforce for a lengthy period of time going to earn a living and get health care and social benefits? Looking past today's headlines, political scientist and cultural observer Darrell M. West argues that society needs to rethink the concept of jobs, reconfigure the social contract, move toward a system of lifetime learning, and develop a new kind of politics that can deal with economic dislocations. With the U.S. governance system in shambles because of political polarization and hyper-partisanship, dealing creatively with the transition to a fully digital economy will vex political leaders and complicate the adoption of remedies that could ease the transition pain. It is imperative that we make major adjustments in how we think about work and the social contract in order to prevent society from spiraling out of control. This book presents a number of proposals to help people deal with the transition from an industrial to a digital economy. We must broaden the concept of employment to include volunteering and parenting and pay greater attention to the opportunities for leisure time. New forms of identity will be possible when the "job" no longer defines people's sense of personal meaning, and they engage in a broader range of activities. Workers will need help throughout their lifetimes to acquire new skills and develop new job capabilities. Political reforms will be necessary to reduce polarization and restore civility so there can be open and healthy debate about where responsibility lies for economic well-being. This book is an important contribution to a discussion about tomorrow—one that needs to take place today.

Sustainability and Automation in Smart Constructions

Author : Hugo Rodrigues
Publisher : Springer Nature
ISBN 13 : 3030355330
Total Pages : 400 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Sustainability and Automation in Smart Constructions by : Hugo Rodrigues

Download or read book Sustainability and Automation in Smart Constructions written by Hugo Rodrigues and published by Springer Nature. This book was released on 2020-09-14 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers outstanding papers presented at the Conference on Automation Innovation in Construction (CIAC-2019). In recent years, there have been significant transformations in the construction sector regarding production and the use of computers and automation to create smart and autonomous systems. At the same time, innovative construction materials and alternative technologies are crucial to overcoming the challenges currently facing the building materials industry. The book presents numerous examples of smart construction technologies, discusses the applications of new construction materials and technologies, and includes studies on recent trends in automation as applied to the construction sector.

Automation and the Future of Work

Author : Aaron Benanav
Publisher : Verso Books
ISBN 13 : 1839761326
Total Pages : 161 pages
Book Rating : 4.8/5 (397 download)

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Book Synopsis Automation and the Future of Work by : Aaron Benanav

Download or read book Automation and the Future of Work written by Aaron Benanav and published by Verso Books. This book was released on 2022-04-19 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: A consensus-shattering account of automation technologies and their effect on workplaces and the labor market In this consensus-shattering account of automation technologies, Aaron Benanav investigates the economic trends that will shape our working lives far into the future. Silicon Valley titans, politicians, techno-futurists, and social critics have united in arguing that we are on the cusp of an era of rapid technological automation, heralding the end of work as we know it. But does the muchdiscussed “rise of the robots” really explain the long-term decline in the demand for labor? Automation and the Future of Work uncovers the deep weaknesses of twenty-first-century capitalism and the reasons why the engine of economic growth keeps stalling. Equally important, Benanav goes on to salvage from automation discourse its utopian content: the positive vision of a world without work. What social movements, he asks, are required to propel us into post-scarcity if technological innovation alone can’t deliver it? In response to calls for a permanent universal basic income that would maintain a growing army of redundant workers, he offers a groundbreaking counterproposal.

Designing a Document Strategy

Author : Kevin Craine
Publisher : MC2 Books
ISBN 13 : 9781893347007
Total Pages : 188 pages
Book Rating : 4.3/5 (47 download)

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Book Synopsis Designing a Document Strategy by : Kevin Craine

Download or read book Designing a Document Strategy written by Kevin Craine and published by MC2 Books. This book was released on 2000-01-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finding ways to reduce costs is difficult but the latest books from MC2 Books, Designing a Document Strategy by Kevin Craine has the cure. This book tells managers how to better manage the process that consumes paper, toner, and manpower in every business environment. In support of the book, Craine has unveiled a support website, www.document-strategy.com, offering a preview of the coverage. While there are many books on business strategy and workflow, few tackle the lifeblood of business, the document. Designing a Document Strategy targets managers, technicians and consultants who see the benefit and cost savings inherent in implementing a document strategy. The clearly defined five-phase process can be tailored to any environment. It includes Cause-effect diagrams, flow charts, and ROI formulas that can be copied and put into use. Case examples demonstrate application of the theories in the real world, leading to meaningful and informed action. Regardless of their final recommendations, readers will be more likely to bring about real-world, bottom-line benefits. There is no better educational resource on designing a document strategy than this book. Book reviewers in the document industry give it rave reviews.

INTELLIGENT AUTOMATION

Author : PASCAL. BARKIN BORNET (IAN. WIRTZ, JOCHEN.)
Publisher :
ISBN 13 : 9811235848
Total Pages : 431 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis INTELLIGENT AUTOMATION by : PASCAL. BARKIN BORNET (IAN. WIRTZ, JOCHEN.)

Download or read book INTELLIGENT AUTOMATION written by PASCAL. BARKIN BORNET (IAN. WIRTZ, JOCHEN.) and published by . This book was released on 2020 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Signals for Strategists

Author : David Schatsky
Publisher :
ISBN 13 : 9780795345609
Total Pages : pages
Book Rating : 4.3/5 (456 download)

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Book Synopsis Signals for Strategists by : David Schatsky

Download or read book Signals for Strategists written by David Schatsky and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is for strategists0́4leaders, managers, entrepreneurs0́4who are so caught up in the daily pressures of business that they're missing key signals of their future reality. It's like driving a car heads down, staring at the dashboard, rather than heads up, looking through the windshield. We need to do both. The book is devoted to the practice of sensing, or scanning the horizon for signs of emerging trends. The sooner we see them, the better our response.Each chapter starts with a set of signals0́4data we observed that, taken together, helped us to reveal a trend. The impact of new technology on strategy is a theme of the book, and each chapter looks at how organizations are using new technologies to their advantage.The goal is to spark meaningful conversations within organizations: How could we participate in the collaborative economy? What could our CIO and our CMO be doing to drive strategy, innovation, and revenue growth? What could we do to leverage the Internet of Things and intelligent automation as catalysts of invention? Could we use MOOCs as pivots for corporate training, recruiting, and marketing? How might technology transform the manufacturing process, our supply chain, and the knowledge work that we do? Could we take advantage of the renaissance in domestic energy (oil and gas)? What could we be doing to counter cyber crime? What is our organization doing to tune into signals of emerging trends that may be relevant to us?In an environment where the pace of change is accelerating, sensing has become an essential discipline for all organizations. No matter your role in an organization, sensing emerging trends can make you more effective and more valuable in your work. If you've been working too heads-down lately and feel overwhelmed by data and deadlines, then this book is for you. It's a quick read designed to give you a heads up on your horizon.

Building Automation and Digital Technologies

Author : Shahryar Habibi
Publisher : Woodhead Publishing
ISBN 13 : 012822164X
Total Pages : 172 pages
Book Rating : 4.1/5 (282 download)

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Book Synopsis Building Automation and Digital Technologies by : Shahryar Habibi

Download or read book Building Automation and Digital Technologies written by Shahryar Habibi and published by Woodhead Publishing. This book was released on 2022-03-17 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building automation systems and digital technologies are highly relevant for the environmental and energy performance of buildings. However, a clear gap remains between architectural engineering and the use of such technologies. Building Automation and Digital Technologies shows how to assimilate automation and digital technologies into making buildings smarter and more environmentally sustainable. This book shows why architects need smart and digital systems in building design and construction and promotes innovative technological tools for improving sustainability. It focuses on the development of automated environmental conditions and how new technology informs architectural engineering. The book also provides new evidence on the impact of building automation systems and digital technologies, such as the Internet of Things, artificial intelligence, and information and communication technology for developing a performance-based approach to the environmental sustainability of buildings, and provides a key reference for architects on how digital technology can inform their practice. Its four chapters cover: developing strategies for improving sustainable and smart buildings; architectural practice and construction technology; creativity and innovation in building automation systems; and the use phase of buildings. Building Automation and Digital Technologies meets a critical need for a sustainable and smart built environment from an architectural perspective, providing an important reference to architects and professionals in related fields by demonstrating the assimilation of the latest information and automation technologies. - Puts forward an architectural perspective on the design and construction of smart, sustainable buildings - Presents the use of digital technologies for design and construction - Bridges the gap between architectural engineering and the use of automation and digital technology - Considers the development of automated environmental conditions and new technology

Road Vehicle Automation 3

Author : Gereon Meyer
Publisher : Springer
ISBN 13 : 3319405039
Total Pages : 292 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Road Vehicle Automation 3 by : Gereon Meyer

Download or read book Road Vehicle Automation 3 written by Gereon Meyer and published by Springer. This book was released on 2016-07-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited book comprises papers about the impacts, benefits and challenges of connected and automated cars. It is the third volume of the LNMOB series dealing with Road Vehicle Automation. The book comprises contributions from researchers, industry practitioners and policy makers, covering perspectives from the U.S., Europe and Japan. It is based on the Automated Vehicles Symposium 2015 which was jointly organized by the Association of Unmanned Vehicle Systems International (AUVSI) and the Transportation Research Board (TRB) in Ann Arbor, Michigan, in July 2015. The topical spectrum includes, but is not limited to, public sector activities, human factors, ethical and business aspects, energy and technological perspectives, vehicle systems and transportation infrastructure. This book is an indispensable source of information for academic researchers, industrial engineers and policy makers interested in the topic of road vehicle automation.

The Work of the Future

Author : David H. Autor
Publisher : MIT Press
ISBN 13 : 0262367742
Total Pages : 189 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Work of the Future by : David H. Autor

Download or read book The Work of the Future written by David H. Autor and published by MIT Press. This book was released on 2022-06-21 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What’s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all.

What To Do When Machines Do Everything

Author : Malcolm Frank
Publisher : John Wiley & Sons
ISBN 13 : 111927866X
Total Pages : 262 pages
Book Rating : 4.1/5 (192 download)

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Book Synopsis What To Do When Machines Do Everything by : Malcolm Frank

Download or read book What To Do When Machines Do Everything written by Malcolm Frank and published by John Wiley & Sons. This book was released on 2017-02-13 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Refreshingly thought-provoking...” – The Financial Times The essential playbook for the future of your business What To Do When Machines Do Everything is a guidebook to succeeding in the next generation of the digital economy. When systems running on Artificial Intelligence can drive our cars, diagnose medical patients, and manage our finances more effectively than humans it raises profound questions on the future of work and how companies compete. Illustrated with real-world cases, data, and insight, the authors provide clear strategic guidance and actionable steps to help you and your organization move ahead in a world where exponentially developing new technologies are changing how value is created. Written by a team of business and technology expert practitioners—who also authored Code Halos: How the Digital Lives of People, Things, and Organizations are Changing the Rules of Business—this book provides a clear path to the future of your work. The first part of the book examines the once in a generation upheaval most every organization will soon face as systems of intelligence go mainstream. The authors argue that contrary to the doom and gloom that surrounds much of IT and business at the moment, we are in fact on the cusp of the biggest wave of opportunity creation since the Industrial Revolution. Next, the authors detail a clear-cut business model to help leaders take part in this coming boom; the AHEAD model outlines five strategic initiatives—Automate, Halos, Enhance, Abundance, and Discovery—that are central to competing in the next phase of global business by driving new levels of efficiency, customer intimacy and innovation. Business leaders today have two options: be swallowed up by the ongoing technological evolution, or ride the crest of the wave to new profits and better business. This book shows you how to avoid your own extinction event, and will help you; Understand the untold full extent of technology's impact on the way we work and live. Find out where we're headed, and how soon the future will arrive Leverage the new emerging paradigm into a sustainable business advantage Adopt a strategic model for winning in the new economy The digital world is already transforming how we work, live, and shop, how we are governed and entertained, and how we manage our money, health, security, and relationships. Don't let your business—or your career—get left behind. What To Do When Machines Do Everything is your strategic roadmap to a future full of possibility and success. Or peril.

Learning by Doing

Author : James Bessen
Publisher : Yale University Press
ISBN 13 : 0300195664
Total Pages : 310 pages
Book Rating : 4.3/5 (1 download)

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Book Synopsis Learning by Doing by : James Bessen

Download or read book Learning by Doing written by James Bessen and published by Yale University Press. This book was released on 2015-01-01 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology is constantly changing our world, leading to more efficient production. In the past, technological advancements dramatically increased wages, but during the last three decades, the median wage has remained stagnant. Many of today's machines have taken over the work of humans, destroying old jobs while increasing profits for business owners and raising the possibility of ever-widening economic inequality. Author James Bessen argues that avoiding this fate will require unique policies to develop the knowledge and skills necessary to implement the rapidly evolving technologies. At present this technical knowledge is mostly unstandardized and difficult to acquire, learned through job experience rather than in classrooms. Nor do current labor markets generally provide strong incentives for learning on the job. Basing his analysis on intensive research into economic history as well as today's labor markets, the author explores why the benefits of technology take years, sometimes decades, to emerge. Although the right policies can hasten this process, policy has moved in the wrong direction in recent decades, protecting politically influential interests to the detriment of emerging technologies and broadly shared prosperity.

Innovation, Automation and a Sustainable Economy

Author : Jon-Arild Johannessen
Publisher : Taylor & Francis
ISBN 13 : 1040008747
Total Pages : 155 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Innovation, Automation and a Sustainable Economy by : Jon-Arild Johannessen

Download or read book Innovation, Automation and a Sustainable Economy written by Jon-Arild Johannessen and published by Taylor & Francis. This book was released on 2024-04-03 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic inequality, the environmental crisis and the climate crisis are systemically linked. Accordingly, they should be understood as a single, interconnected system and strategies for resolving them should be guided by this understanding. This book demonstrates how the Green New Deal and its systemic alternative, the Red New Deal, could influence the course of these three global crises, all within the context of the Fourth Industrial Revolution. The author has developed several scenarios that are relevant to the automation that will result from advances in artificial intelligence and intelligent robots. The first is one of mass unemployment, while the second envisages low rates of unemployment, although workers will experience stagnation and then a decline in their wages. It is possible to envisage a different set of scenarios; however, we must replace the capitalist economic model with a different model: mutualism, a sustainable model that would allow for economic growth while also addressing the three current systemic crises. The author argues that if such a model is implemented, there will be jobs for everyone and the climate crisis will be tackled because people’s welfare will be prioritized over profit. We can assert that such a model will foster the development of economic equality. The basic premise of this mutual and sustainable economic model is that sustainability is in everyone’s interests. The book employs not only established and innovative methods, such as literature reviews, scenario thinking and historical methods, to underpin its arguments, but also conceptual generalization as an intellectual tool to tackle the general research problem; thus, it will be an invaluable resource for scholars and students of sustainability and the innovation economy.