The Uncertainty of the Technological Future

Igor Stepnov
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Igor Stepnov: Moscow State Institute of International Relations (MGIMO University)

Chapter Chapter 2 in Technology and Business Strategy, 2021, pp 19-37 from Springer

Abstract: Abstract This chapter analyzes the relevancy of new technological advantages, in agreement with the conclusions of various researchers, on new digital technologies providing a priority input into company leadership. The role of uncertainty in business has been showcased. It has been established that, until the present time, there have never been radical changes happening simultaneously—they instead had a rather fragmented industrial nature, taking the form of consecutive technological leaps. The aim of the chapter is to attempt to create an evolutionary cyclical model for reducing uncertainty in expert judgement on the advantages of the digital technologies of the future. System analysis, being multi-disciplinary and providing model-building opportunities, was used as a basic research methodology. The system analysis techniques and methods, relative to the objective reality, have also revealed that a unanimous opinion among researchers has been established by collecting all of the opinions in their cyclical development, as well as the contradictions that have provided us with variable thinking. The future of technology is presented in the form of a multi-component structure: a specialized executive apparatus and unlimited possibilities of the managing system. The adapted cyclical model implies that uncertainty in the future may be reduced by using the cyclical evolution of business models. The presented cyclical model may be practically applied.

Keywords: Digital transformation; Technology; Uncertainty; Technological superiority; Business strategies; Business model; Development cycle; Evolution of business models; O14; O33 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-63974-7_2

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DOI: 10.1007/978-3-030-63974-7_2

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