IDEAS home Printed from https://ideas.repec.org/a/rdc/journl/v8y2017i2p12-18.html
   My bibliography  Save this article

Information and Communications Technologies Drive Digital Disruption from Business to Life on Earth -Part 1-

Author

Listed:
  • GREU, Victor

Abstract

The paper presents the complex context of the consequences of Information and Communications Technologies (ICT) evolution and its prominent phases, digitization, digital economy, digital transformation and digital disruption, focusing on later. The content of these phases are analyzed based on relevant references, considering also their time sensitive implications of ICT exponential pace. An essential conclusion of the analysis is that the understanding and the realistic approach of the multiple implications of DD could dramatically influence the future of any company/organization and beyond … of humankind. This conclusion could be considered a synthetic/generic answer for the generic question “Why DD?”, based on the above analysis which presented why, how and when DD appeared and subsequently why it deserves to be deeply analyzed. The analysis also approached the criteria which could differentiate these relevant milestones in the complex processes of ICT impact on digital economy and generally on Information society (IS) toward Knowledge Based Society (KBS), along with consequences on humankind life and evolution on Earth. The second section of the paper is focused on the necessary awareness and forecast capabilities in order to continuously improve the decision processes and the overall efficiency of digital economy. The paper presented the typical scenario for DD, where business is reimagined based on the innovation of (business) activities by introducing new digital technologies (innovations) and new model of business, using imagination and relevant refined information, which represent the main ingredients of the successful DD. It is also presented the specific solution for media industry: streaming their products and services using the advantage of performant ITC which offer wideband support and a lot of digital features for a better customer experience. In the same time it is remarked the double systemic role of ICT in IS/KBS, by technologies, products and services for all industries and activity fields, but on the other hand as replicated model of design, operation and development (precision multiplication). The analysis revealed the fundamental consequences of the fact that ICT development exponential pace is faster than humankind could deeply analyze and real time react against all long term implications of such evolution, showing that the latency of the pace of transformation in organizations is one of the crucial evidences of author general estimation about the limited capacity to react before is too late. Another feature of the actual DD, linked with the “zero marginal cost” trend, is changing of business model from selling products to selling services by subscription, a trend typical for ITC, now extended to other fields. We consider that the pace of changing/dropping complex products and services (like smartphones), especially when they include important resources, is a negative consequence of ICT exponential pace that could not lead to a sustainable development of IS/KBS on Earth. The analysis also presented the importance of the approaches, studies and even methodologies intended for quantifying the global impact of digital transformations and DD on digital economy. A special conclusion refers to the importance of holistic approach and the attention paid to the continuous improvement of the model for assessing such complex and complicated processes of digital economy, like DD, but it is worth to extend that to ICT in general, in the context of their driving role in IS toward KBS.

Suggested Citation

  • GREU, Victor, 2017. "Information and Communications Technologies Drive Digital Disruption from Business to Life on Earth -Part 1-," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 8(2), pages 12-18, June.
  • Handle: RePEc:rdc:journl:v:8:y:2017:i:2:p:12-18
    as

    Download full text from publisher

    File URL: http://crd-aida.ro/RePEc/rdc/v8i2/2.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. GREU, Victor, 2014. "Context-Aware Communications and IT - A New Paradigm for the Optimization of the Information Society towards the knowledge Based Society (Part 2)," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 5(4), pages 08-13, December.
    2. GREU, Victor, 2012. "Smarter Information And Communications Technologies For Smarter People," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 3(3), pages 31-35, September.
    3. GREU, Victor, 2016. "Developing Information and Communications Technologies with More Artificial Intelligence, Using Artificial Intelligence, When Internet of Things is “Intelligence Everywhere” Part 1," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 7(4), pages 10-19, December.
    4. GREU, Victor, 2013. "The Exponential Development Of The Information And Communications Technologies A Complex Process Which Is Generating Progress Knowledge From People To People," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 4(2), pages 16-21, July.
    5. GREU, Victor, 2012. "Searching The Right Tracks Of New Technologies In The Earth Race For A Balance Between Progress And Survival," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 3(1), pages 07-13, February.
    6. GREU, Victor, 2015. "The Information Society Towards the Knowledge Based Society Driven by the Information and Communications Technologies - From the Internet of Things to the Internet of… Trees (Part 1)," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 6(1), pages 10-17, March.
    7. Jacques Bughin & Nicolas van Zeebroeck, 2017. "The case for offensive strategies in response to digital disruption," iCite Working Papers WP021-2017, ULB -- Universite Libre de Bruxelles.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. GREU, Victor, 2017. "Information and Communications Technologies Drive Digital Disruption from Business to Life on Earth," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 8(4), pages 14-23, December.
    2. GREU, Victor, 2018. "Extending Information and Communications Technologies’ Impact on Knowledge Based Society through Artificial and Collective Intelligence -Part1-," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 9(1), pages 14-23, March.
    3. GREU, Victor, 2017. "Information and Communications Technologies Drive Digital Disruption from Business to Life on Earth -Part 2-," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 8(3), pages 16-25, September.
    4. GREU, Victor, 2018. "Extending Information and Communications Technologies’ Impact on Knowledge Based Society through Artificial and Collective Intelligence -Part 3-," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 9(3), pages 16-28, September.
    5. GREU, Victor, 2018. "Extending Information and Communications Technologies’ Impact on Knowledge Based Society through Artificial and Collective Intelligence -Part 2-," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 9(2), pages 15-24, June.
    6. GREU, Victor, 2018. "The Information and Communications Technology is Driving Artificial Intelligence to Leverage Refined Knowledge for the World Sustainable Development -Part1-," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 9(4), pages 16-25, December.

    More about this item

    Keywords

    digitization; digital economy; digital transformation; digital disruption; business model; innovation; smartphone; data analytics; customer experience; agriculture; Internet of Things.;

    JEL classification:

    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rdc:journl:v:8:y:2017:i:2:p:12-18. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Theodor Valentin Purcarea) The email address of this maintainer does not seem to be valid anymore. Please ask Theodor Valentin Purcarea to update the entry or send us the correct email address. General contact details of provider: http://www.distribution-magazine.eu .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.