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Transforming the socio economy with digital innovation
Advances in digital innovations continue to dramatically change daily life, work and the economy. Transforming to a Digital Society and Economy provides deep insights for advancing economic growth in our developing digital world, explaining the underlying techno-economics and our ability to make informed decisions. Using empirical analyses derived from data-driven modeling, Transforming to a Digital Society and Economy explores the impacts of digital innovation on socio-economic phenomena, resilience, and governance. It examines the limitation of using GDP as a measure of economic growth in digital societies, stressing how the Internet promotes a "free" culture that cannot be captured through GDP data. The book synthesizes multi-dimensional research consisting of digital platform ecosystems observations, theoretical appraisals, statistical methods development, in-depth empirical analysis, and database construction for analysis and outcomes compilation. Utilizing analysis from more than 500 global ICT leaders, Transforming to a Digital Society and Economy identifies potential challenges and solutions for academic analysis, economic planning, and policy-making.
Intro -- Title page -- Table of Contents -- Copyright -- About the authors -- Preface -- Acknowledgments -- Chapter 1. Introduction -- 1.1. Rapid increase in digitalized innovation -- 1.2. Structural decline in productivity -- 1.3. The dilemma of digitalized innovation and productivity decline -- 1.4. Two-sided nature of information and communication technology -- 1.5. Uncaptured GDP -- 1.6. Spin-off coevolution -- 1.7. Activation of self-propagating function -- 1.8. Soft innovation resources -- 1.9. Neo open innovation
Chapter 2. The productivity paradox and the limitations of GDP in measuring the digital economy -- 2.1. The increasing significance of the measurement mismatch in the digital economy -- 2.2. From "computer-initiated" to "internet-initiated" productivity paradox -- 2.3. New spin-off business strategies in the transition to an Internet of Things society -- 2.4. Limitations of GDP data for measuring the digital economy -- 2.5. Conclusion -- Chapter 3. Increasing dependence on uncaptured GDP and ways to measure it -- 3.1. Structural sources of productivity decline in the digital economy
3.2. The two-sided nature of information and communication technology -- 3.3. Shift from monetary to nonmonetary consumption -- 3.4. Emergence of uncaptured GDP and its measurement -- 3.5. Conclusion -- Chapter 4. The emergence of soft innovation resources -- 4.1. The new stream of the digital economy and beyond -- 4.2. Remarkable disruptive business models from which new innovations emerge -- 4.3. Soft innovation resources -- 4.4. Assessment of soft innovation resources -- 4.5. Conclusion -- Chapter 5. Neo open innovation in the digital economy
5.1. R&D-driven growth in an Internet of Things society -- 5.2. Bipolarization of information and communication technology-driven development -- 5.3. R&D expansion versus declining productivity -- 5.4. Neo open innovation -- 5.5. Conclusion -- Chapter 6. The transformation of R&D into neo open innovation -- 6.1. A new concept of R&D in neo open innovation -- 6.2. The fusion of technology management and financial management -- 6.3. Investor surplus to leverage stakeholder capitalization -- 6.4. Orchestrating technofinancing systems -- 6.5. Conclusion
Chapter 7. Operationalizing uncaptured GDP with neo open innovation -- 7.1. New research directions for future neo open innovation -- 7.2. Conceptualizing and operationalizing the transformation process -- 7.3. Tracking input return journeys as outcomes via digital transformation -- 7.4. A novel R&D concept that embeds a growth characteristic during an R&D process -- 7.5. Conclusion -- Chapter 8. Conclusion -- Appendix I. Basic mathematics for technoeconomic analysis -- Appendix II. Database for technoeconomic analysis
Appendix III. Remarkable disruptive business models and emerging new innovations.