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Known Unknowns in an Era of Technological and Viral Disruptions—Implications for Theory, Policy, and Practice

Author

Listed:
  • Elias G. Carayannis

    (George Washington University)

  • Klitos Christodoulou

    (University of Nicosia)

  • Panayiotis Christodoulou

    (Neapolis University Pafos)

  • Savvas A. Chatzichristofis

    (Neapolis University Pafos)

  • Zinon Zinonos

    (Neapolis University Pafos)

Abstract

Technology is composed of the words “Techne” and “Logos” that refer to the artistic/creative and the logical/scientific aspects of its dualism. And so inherent this Promethean concept lie the concepts of the Schumpeterian creative destruction and also the promise and potential for humanity’s better tomorrows. We live in an era of artificial intelligence–driven as well as viral disruptions that challenge the mind as well as the body. At the same time, the impact of our pursuit of prosperity at any cost on the environment triggers displaced people floods and viral pandemics undermining the standard of living and more importantly the foundations of trust in institutions and in a better tomorrow feeding populist movements and autocratic trends in democracies as well as emboldening dictators. This work discusses the concepts of Risk Management 5.0, Industry 4.0, Industry 5.0, Society 5.0, Digital Transformation, Blockchain, and the role of AI via the Internet of Things architectures that could enable “smarter as well as more humane solutions to our challenges.”

Suggested Citation

  • Elias G. Carayannis & Klitos Christodoulou & Panayiotis Christodoulou & Savvas A. Chatzichristofis & Zinon Zinonos, 2022. "Known Unknowns in an Era of Technological and Viral Disruptions—Implications for Theory, Policy, and Practice," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 587-610, March.
    • Handle: RePEc:spr:jknowl:v:13:y:2022:i:1:d:10.1007_s13132-020-00719-0
    DOI: 10.1007/s13132-020-00719-0
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    References listed on IDEAS

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    Cited by:

    1. Alice Villar & Stefania Paladini & Oliver Buckley, 2023. "Towards Supply Chain 5.0: Redesigning Supply Chains as Resilient, Sustainable, and Human-Centric Systems in a Post-pandemic World," SN Operations Research Forum, Springer, vol. 4(3), pages 1-46, September.
    2. Luciano D’Amico & Danilo Boffa & Antonio Prencipe, 2022. "University Technology Transfer and the Contribution of University Spin-offs in Stimulating the Socio-economic Development of Regions," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 12(5), pages 1-2.

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