Information Communication & Computation Technology (ICCT) as a Strategic Tool for Industry Sectors

Sreeramana Aithal and Madhushree L. M.

MPRA Paper from University Library of Munich, Germany

Abstract: Information Communication and Computation Technology (ICCT) and Nanotechnology (NT) are recently identified Universal technologies of the 21st century and are expected to substantially contribute to the development of the society by solving the basic needs, advanced wants, and dreamy desires of human beings. In this paper, the possibilities of using ICCT and its underlying ten most important emerging technologies like Artificial intelligence, Big data & business analytics, Cloud computing, Digital marketing, 3D printing, Internet of Things, Online ubiquitous education, Optical computing, Storage technology, and Virtual & Augmented Reality are explored. The emerging trends of applications of the above underlying technologies of ICCT in the primary, secondary, tertiary and quaternary industry sectors of the society are discussed, analysed, and predicted using a newly developed predictive analysis model. The advantages, benefits, constraints, and disadvantages of such technologies to fulfill the desires of human beings to lead luxurious and comfort lifestyle from various stakeholders point of views are identified and discussed. The paper also focuses on the potential applications of ICCT as a strategic tool for survival, sustainability, differentiation, and development of various primary, secondary, tertiary, and quaternary industries.

Keywords: ICCT; Universal technology; Emerging trends; Information science & technology; Industry sectors; ICCT as a strategic tool (search for similar items in EconPapers)
JEL-codes: M0 M15 O3 O32 O33 (search for similar items in EconPapers)
Date: 2019-11-15
New Economics Papers: this item is included in nep-big, nep-ict and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in International Journal of Applied Engineering and Management Letters (IJAEML) 2.3(2019): pp. 65-80

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