Transforming the Socio Economy with Digital innovation
- 1st Edition - May 6, 2021
- Imprint: Elsevier
- Authors: Chiho Watanabe, Yuji Tou, Pekka Neittaanmäki
- Language: English
- Paperback ISBN:9 7 8 - 0 - 3 2 3 - 8 8 4 6 5 - 5
- eBook ISBN:9 7 8 - 0 - 3 2 3 - 8 8 4 6 6 - 2
Transforming the Socio Economy with Digital Innovation explores the impacts of digital innovation on socioeconomic phenomena, resilience and governance. The book examines the limit… Read more
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Request a sales quoteTransforming the Socio Economy with Digital Innovation explores the impacts of digital innovation on socioeconomic phenomena, resilience and governance. The book 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, this book identifies potential challenges and solutions for academic analysis, economic planning and policymaking.
- Presents consistently organized chapter structures to create a strong narrative
- Provides concrete, evidence-based proposed solutions
- Includes appendices of mathematics for techno-economic analysis
Researchers, scholars and graduate students. Analysts, consultants, managers, planner, policy makers
- Cover image
- 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
- Index
- Edition: 1
- Published: May 6, 2021
- No. of pages (Paperback): 318
- No. of pages (eBook): 318
- Imprint: Elsevier
- Language: English
- Paperback ISBN: 9780323884655
- eBook ISBN: 9780323884662
CW
Chiho Watanabe
Chihiro Watanabe is Professor Emeritus of Tokyo Institute of Technology and Research Professor of University of Jyväskylä. He is the author of 7 books and 200 journal articles, sits on the Board of 8 journals and academic associations, and is recipient of 7 honorable awards. Prior to academia, he worked for 26 years at the Ministry of International Trade and Industry. His research focuses on institutional innovation and techno-economics.
Affiliations and expertise
Professor Emeritus, Tokyo Institute of Technology, Meguro Yokohama Tamachi, Tokyo Kanagawa, Japan; Research Professor, University of Jyvaskyla, Jyväskylä, FinlandYT
Yuji Tou
Yuji Tou is Associate Professor at Tokyo Institute of Technology and Research Officer of Economic and Social Jyväskylä Research Institute of Cabinet Office. He is co-author of 5 books and 30 journal articles. His research focus is on techno-economics.
Affiliations and expertise
Associate Professor, Tokyo Institute of Technology, Meguro Yokohama Tamachi, Tokyo Kanagawa, JapanPN
Pekka Neittaanmäki
Pekka Neittaanmäki is Professor at University of Jyväskylä and the UNESCO Chair on Digital Platforms for Emerging Economies. He is the author of 50 books and 300 articles. He is on the Board of 10 journals and academic associations and has received 10 honorable awards. His research is on digital platform economics and information technology industrial applications.
Affiliations and expertise
Professor, University of Jyväskylä, Jyväskylä, FinlandRead Transforming the Socio Economy with Digital innovation on ScienceDirect