Artificial intelligence and radical innovation: an opportunity for all companies?

Small Business Economics, Год журнала: 2022, Номер 61(2), С. 771 - 797

Опубликована: Окт. 11, 2022

Abstract Artificial intelligence (AI) is often seen as a key technology for future economic growth. However, its concrete effects on the emergence of radical innovations and associated socio-economic impacts, through increasing divergence between smaller larger firms, have not yet been systematically researched. This paper addresses this by investigating extent to which AI-related knowledge influences differentiates SMEs large firms. Based unique dataset European firms combining firm-level data with patent data, we find nuanced influence from AI. While AI applications assert positive influence, techniques negatively innovations. Being an SME significantly moderates these effects. Larger gain applications, whereas techniques. Therefore, in itself general answer increase likelihood creating innovation. Instead, more differentiated view needed.

Язык: Английский

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Industry 4.0 and industry 5.0: can clusters deal with the challenges? (A systemic approach)

Kybernetes, Год журнала: 2022, Номер 52(7), С. 2270 - 2287

Опубликована: Окт. 5, 2022

Purpose The purpose of this conceptual paper is to substantiate the idea that clusters will cope with challenges Industry 4.0, 5.0 and remain one drivers for development local economy. Design/methodology/approach For preparation paper, author reviewed literature on Cluster 5.0, green blue recovery, as well future jobs systems. Data, reports surveys (UN, OECD, World Economic Forum, McKinsey Global Institute, D2L, etc.) were analysed in detail, order create a clear picture related research topic. opinions expressed article are depicted graphically, developed by author. Findings First, predictions 4.0 outlined, reasons why expected succeed digital era substantiated; second, direction two-dimensional plane; third, within graphically presented system. Originality/value purpose, has new approach connect digitalisation self-designed graphical images.

Язык: Английский

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Does sustainability matter for Fintech firms? Evidence from United States firms

Competitiveness Review An International Business Journal incorporating Journal of Global Competitiveness, Год журнала: 2022, Номер 33(1), С. 161 - 180

Опубликована: Янв. 13, 2022

Purpose This study aims to look at how financial technology (FinTech) companies adhere sustainable standards in contrast their counterparts. Following the validation of its new sustainability index, this looks into impact on stock performance FinTech companies. Design/methodology/approach To efficiently test hypotheses, sample has been collected from Bloomberg all and non-FinTech USA. The final comprises 1,712 company-year observations over investigation period 2010–2019. methodology entails ordinary least squares regressions generalized panel methods moments (GMM). Findings results suggest that developed index is a valid proxy for measures directly relates performance. Besides, evidence indicates display superior compared present corroborate with stakeholder theory, which implies quality will alleviate agency issue safeguard shareholders’ interest. Research limitations/implications Despite fact it presents limitation not considering other dimensions performance, research important as highlights practices by companies, offering insights researchers, policymakers, regulators, reports users, investors, environmental union, employees, clients society. Originality/value paper novel because unique evaluating firms.

Язык: Английский

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Industry 4.0 and its geographies: A systematic literature review and the identification of new research avenues

Digital Geography and Society, Год журнала: 2022, Номер 3, С. 100031 - 100031

Опубликована: Янв. 1, 2022

The purpose of this paper is to provide a systematic literature review the research published on economic geography and spatial implications fourth industrial revolution (“Industry 4.0”) using key terms inclusion/exclusion criteria. Based methodological approach, includes 177 papers in final analysis. I discuss based primary strands their analytical contributions understanding developments context Industry 4.0. highlights five main topics that current focuses on: (1) Value Chains supply networks (2) Clusters districts (3) Readiness adaptation regional industries (4) Innovation ecosystems (5) Labor market. In analysis, it becomes particularly clear embedding theoretical fields so far very thin. calls for multi-scalar 4.0 outlines future avenues with focus emerging topic digital geographies. Scholars need put an emphasis role innovations within socio-technical systems better understand dimensions its impact economy, society, environment.

Язык: Английский

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Measuring national intellectual capital and its effect on country’s competitiveness

Competitiveness Review An International Business Journal incorporating Journal of Global Competitiveness, Год журнала: 2022, Номер 33(4), С. 820 - 839

Опубликована: Март 11, 2022

Purpose National intellectual capital is generally considered a strategic advantage for national competitiveness. However, the measurement of across countries comparison purposes appears to receive little attention. This study aims use new index (INIC) examine relationship between and Design/methodology/approach paper uses INIC, developed by Vo Tran (2021), measure, compare contrast differences in level 104 countries. INIC comprises most crucial components: human capital, structural relational capital. Various economic social indicators are used as proxies these components Principal component analysis derive INIC. Findings The results indicate that during period gradually increased. Europe has attained highest whereas Africa achieved lowest level. study’s findings confirm close income Among ten biggest countries, USA level, China significantly improved its cumulative Finland world. enhances country’s Practical implications this shed light on an international understanding how contributes improves Policymakers can consider support accumulation boost competitive advantage, especially low-income emerging markets. Originality/value To best authors’ knowledge, first estimate degree around world impact competitiveness based publicly available data.

Язык: Английский

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Industry 4.0: the future of manufacturing from the perspective of business and economics – a bibliometric literature review

Competitiveness Review An International Business Journal incorporating Journal of Global Competitiveness, Год журнала: 2022, Номер 33(2), С. 458 - 482

Опубликована: Сен. 24, 2022

Purpose This paper aims to provide a comprehensive, systematic review of the literature on Industry 4.0 – and trends implications digitalization manufacturing from perspective business economics. Design/methodology/approach A bibliometric methodology was used, allowing extract rigorously relevant literature, leading purposefully constructed database peer-reviewed publications depicting state art in this area. quantitative analysis key characteristics emanating performed, results were presented graphic way using VOSViewer software as mapping tool. Relevant thematic clusters identified, promising future research avenues identified. Findings is extremely recent 90% are 2019 2020, journal publishing area Journal Manufacturing Technology Management . Key identified relate digital transformation value chains; close link observed between technologies models; strong connection sustainability also clear; for human resources management are, not surprisingly, relevant. Originality/value is, best authors’ knowledge, most comprehensive linking specifically economics bridging with recent, state-of-the-art economics/business technological fields. contribution may be very helpful researchers interested understanding opportunities offered by

Язык: Английский

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External relations of an Industry 4.0 cluster: the case study of the Hamburg aviation cluster

Regional Studies, Год журнала: 2023, Номер 57(11), С. 2164 - 2176

Опубликована: Янв. 30, 2023

Based on the case study of Hamburg aviation cluster (HAv), this paper touches upon nature processes in digital transformation (Industry 4.0). The discussion is carried out with reference to concept hubbing, while highlighting difference between classic internationalization. aim unearth cluster’s external expansion digitally reshaped era by investigating an advanced officially branded as Industry 4.0 cluster.

Язык: Английский

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The actors’ role in industrial districts facing the challenge of technologies 4.0 between absorption and dissemination

European Planning Studies, Год журнала: 2022, Номер 31(7), С. 1377 - 1396

Опубликована: Дек. 30, 2022

Industry 4.0 (I.4.0) has a significant impact on firms, supply chains and in contexts where firms have built tight relations with high levels of interactions delimited geographical area. An industrial district (ID) represents an extraordinary field for empirical investigation to understand how the knowledge linked I.4.0 technological paradigm can be absorbed disseminated. However, current literature focused its attention effect IDs at aggregate level, while little is known about role within IDs. This research aims fill this gap by looking two dimensions: absorption dissemination. We our 101 belonging four Tuscan IDs: Santa Croce tanning district, Florentine leather Prato textile Arezzo jewellery district. broadens dissemination enlightening behaviour IDs, they play different roles: 'traditionalist', 'bridge', 'isolated' 'opportunist'. From practical perspective, paper shows their played it comes out that competencies 4.0, culture collaboration are key aspects turning into 4.0.

Язык: Английский

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Advancing innovation in manufacturing firms: knowledge base combinations in a local productive system

European Planning Studies, Год журнала: 2022, Номер 31(6), С. 1247 - 1269

Опубликована: Сен. 16, 2022

Industry 4.0 requires that manufacturing firms not only innovate but also generate more radical and different varieties of innovation, often incorporating new types knowledge. To advance such several studies in Innovation Economic Geography foreground need to combine knowledge novel ways. The contribution this paper is investigate in-depth how with traditional roots generative beyond a local productive system (LPS), what enables them access integrate from external sources, relates the firms' innovation performance, focus on varied forms innovation. Findings show standing out terms performances complementary through internal particularly at national international levels. Moreover, have internally are able borders LPS.

Язык: Английский

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Agents of innovation: Clusters in Industry 4.0

Procedia Manufacturing, Год журнала: 2021, Номер 55, С. 319 - 327

Опубликована: Янв. 1, 2021

Intelligent manufacturing has spurred an unprecedented growth of inventive activity as evidenced by the exponential patent applications relevant to Industry 4.0. This however is driven relatively few applicants and apparent regional concentration in form industrial clusters. The World Intellectual Property Organization (WIPO) identified top innovation clusters terms recorded their primary characteristics. In this paper WIPO data are mined develop new insights into impact on major objective contribute towards a better understanding clusters, not just examples economic agglomeration but primarily agents. findings provide valuable those cluster characteristics that conducive world-class performance hints at collaborative dynamics structure need change for improved efficiency.

Язык: Английский

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