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Digital Transformation and the World Economy - Critical Factors and Sector-Focused Mathematical Models (Hardcover, 1st ed. 2022)
Loot Price: R4,136
Discovery Miles 41 360
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Digital Transformation and the World Economy - Critical Factors and Sector-Focused Mathematical Models (Hardcover, 1st ed. 2022)
Series: Studies on Entrepreneurship, Structural Change and Industrial Dynamics
Expected to ship within 12 - 17 working days
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Nanotechnology, biotechnology, information technology, and
cognitive sciences are contributing to the emergence of intelligent
computers and robots with elements of artificial intelligence and
intelligent machines. This book postulates that these developments
are accelerating the technological substitution of jobs and the
shift in labor demand towards high qualification levels, putting
the jobs of lower-skilled labor at risk. The digital economy is
poised to increase the demand for highly qualified specialists in
STEM fields (scientific research, innovative technologies,
engineering, and mathematics serving digital technologies). In
addition, highly skilled robotics engineers, AI and machine
learning specialists, and virtual and augmented reality architects
will be required. This book, using sector-focused mathematical
models, explores how the demand for specialized human capital will
play a decisive role in increasing the efficiency and productivity
of labor in the digital economy. Success is guaranteed to those
entrepreneurs who manage to establish a successful process of
interaction with intelligent machines, which will require a deep
restructuring of the training system for the digital economy.
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