ABCD Technologies in the Fourth Industrial Revolution

Dong-sung Cho, Hwy-chang Moon, Wenyan Yin, Minji Hong and Dilong Huang

Chapter 6 in The Competitiveness of Nations 3:Emerging Technologies in the Fourth Industrial Revolution, 2024, pp 101-125 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter proposes four key foundational technologies in the era of the Fourth Industrial Revolution, collectively termed ABCD technologies: artificial intelligence, big data analytics, cloud computing, and digital technology. While the four technologies emerged independently across different time frames, they have become increasingly interwoven over time, driving the advent of new technologies. This chapter delves into the dynamics of their interplay and articulates their critical role in catalyzing a variety of emerging technologies. This study also highlights how their relevance differs across the emerging technologies, as illustrated by three examples: ChatGPT, the Internet of Things (IoT), and blockchains. Moreover, the study provides implications for both firms and policymakers on how to effectively leverage the four foundational technologies and respond to the fast-changing technology environment in the era of the Fourth Industrial Revolution and beyond.

Keywords: National Competitiveness; Government Policy; Business Environment; Firm Strategy; Locational Advantage; Competitive Advantage; International Business; Industry 4.0; Technology Management (search for similar items in EconPapers)
JEL-codes: F1 F13 F23 (search for similar items in EconPapers)
Date: 2024
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