An attempt to estimate the competency gap in the IT sector

Lula, Paweł; Oczkowska, Renata; Wiśniewska, Sylwia; Wójcik, Katarzyna

doi:10.15678/ier.2019.0503.07

Cited by 3 publications

(4 citation statements)

References 5 publications

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“…The trading of IT products will rise. It will become more common to trade in data carrier hardware like sensors, camera systems, and liquid crystal displays, as well as devices that use modern technology like smartphones, tablets, and other devices with knowledge content (Lula et al, 2019).…”

Section: International Trade Volume and Structurementioning

confidence: 99%

The Emergence of the Fourth Industrial Revolution and its Impact on International Trade

Khan

2024

CMUJASR

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Trade as we know it will change. This is because the fourth industrial revolution—a period of rapid digital technological advancement—is beginning to impact the world. Coined in Germany as Industry 4.0, despite its name, this revolution is a process of emerging technologies established on older ones. Industry 4.0 represents the fusion of primarily digital developing technologies. This article examines the effects of Industry 4.0 and its revolutionary changes on the volume and nature of global trade, and identifies its quantitative, structural, and comparative impacts on countries and corporations using qualitative methods.. Implementing the core developments of Industry 4.0 will significantly change international trade volume and structure. There will be a significant shift toward services. The goods to gain prominence due to digitalization will mainly be those with high transportation, logistics, data, legislation, and transaction costs. Applying new technologies will also significantly alter the terms of trade. Keywords: Industrial revolution 4.0, International trade, Digital technology

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Section: International Trade Volume and Structurementioning

confidence: 99%

The Emergence of the Fourth Industrial Revolution and its Impact on International Trade

Khan

2024

CMUJASR

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“…For these corporations to be managed effectively, it is crucial to have information flowing between them and terminal operators, shippers, carriers, custom brokers, insurers, and many other entities involved in these processes. Without modern information and communication technology (ICT) devices (Lechman, 2018;Lula et al, 2019;Kavcakova & Kocisova, 2020) -especially the Internet of Things, big data, and cloud computing -their smooth operations and development would not be possible, while the interconnection costs would be several times higher (Gravili et al, 2018;Dima & Maassen, 2018).…”

Section: The Impact Of Breakthrough Technologies On International Tradementioning

confidence: 99%

“…Trading in information technology goods will show an upward trend. What will grow is the trade of information carrier hardware, smartphones, tablets, mobile phones, and other devices with large knowledge content, along with those involved in the installation of modern technologies like sensors, cameras, or liquid crystal displays (Lula et al, 2019).…”

Section: Changes In the Volume And Structure Of International Tradementioning

confidence: 99%

The impact of industrial revolution 4.0 on international trade

Rymarczyk¹

2021

EBER

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The objective of the article is to examine the impact of breakthrough innovations, which make up the Fourth Industrial Revolution (4IR), on the volume and structure of international trade. Research Design & Methods: The article is based on available literature and online sources. It is based on literature research, reports produced by a variety of research institutions, Internet sources, and desk research. Findings: The application of core innovations of the 4IR will lead to substantial changes to the volume and structure of international trade. There will be a considerable shift towards services, while in terms of products, the goods which will gain in importance owing to digitalization will include primarily those whose costs have so far been high in transport, logistics, information, regulation, and transaction. Implications & Recommendations:The implementation of 4IR's devices will change trade conditions substantially. First-movers will benefit the most, in line with the rule 'the winner takes it all.' Developed countries will enjoy the best competitive chances, given their advantage in terms of capital and technology. However, with falling trading costs and declining requirements in the trade's material infrastructure, small and medium-sized enterprises from developing countries will be able to increase their world trade share. Contribution & Value Added: The article offers a comprehensive assessment of the potential impact of Industry 4.0 devices on international trade while identifying their quantitative, structural, and comparative effects on countries and enterprises. It outlines the barriers to the changes projected and to the needs that these changes necessitate.

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“…Knowledge-based economy or entrepreneurial economy (Wach, 2015), especially various drivers of entrepreneurial activities in the entrepreneurial society (Zygmunt, 2018;Rogalska, 2018;Zajkowski & Domańska, 2019), and the intensive and turbulent development of information technologies (Köppelová & Jindrová, 2017;2019) increased the popularity of the application of the latest achievements in the field of artificial intelligence (Wiśniewska, Lula, Oczkowska, & Wójcik, 2019). Current scholarship shows high interdisciplinarity and convergence of individual scientific disciplines.…”

Section: Introductionmentioning

confidence: 99%

The Use of Evolutionary Algorithms for Optimization in the Modern Entrepreneurial Economy: Interdisciplinary Perspective

Sieja¹,

Wach²

2019

EBER

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The objective of the article is to present the concept of evolutionary algorithms and indicates the possibility of their implementation for the needs of the economy, especially the entrepreneurial economy. Research Design & Methods: This conceptual article relies on literature review and desk research. The article elaborates on available literature via a systematic literature review methodology. Findings: The article elaborates on the idea of action and typology of evolutionary algorithms as the broadly applied search and optimisation technique based on Darwin's theory of evolution and modern natural genetics. The article focuses on the examples of evolutionary algorithms application in economics and management. Implications & Recommendations:The current state of applications of evolutionary algorithms for the needs of the economy and business confirms that we still await an implementation breakthrough. The growing interest in evolutionary algorithms in connection with the dynamic development of information technologies may lead to the use of evolutionary algorithms in hybrid systems, which in turn will contribute to significant progress in optimization theory. Contribution & Value Added:The article structures scientific knowledge on the application of evolutionary algorithms in business and economy. The promotion of the application of evolutionary algorithms in economics, finance, and management is mainly limited to journals in operational research, decision-making process, or financial engineering, whereas this article includes entrepreneurship. Article type:conceptual article

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An attempt to estimate the competency gap in the IT sector

Cited by 3 publications

References 5 publications

The Emergence of the Fourth Industrial Revolution and its Impact on International Trade

The Emergence of the Fourth Industrial Revolution and its Impact on International Trade

The impact of industrial revolution 4.0 on international trade

The Use of Evolutionary Algorithms for Optimization in the Modern Entrepreneurial Economy: Interdisciplinary Perspective

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