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The Butterfly Effect

In: The Next Industrial Revolution A New Age for Innovation in Industry

Author

Listed:
  • VINCENT PETIT
  • Mike Rosenberg

Abstract

I now enter the last part of this review of the innovation landscape of industry. In the previous two parts, I have first described key drivers of innovation for industry in detail, revolving around efficiency opportunities, resiliency, and environment-related challenges. I then journeyed across each sector and identified how an emerging new technological toolbox, made of digital, atomic-scale, and new energy technologies, could provide the ground for rapid transformation. Now is the time to assess how and at which pace these innovations could unfold within the global industry landscape and what some of the major roadblocks to their implementation are. This will give us a better perspective on what to expect going forward…

Suggested Citation

  • VINCENT PETIT & Mike Rosenberg, 2023. "The Butterfly Effect," World Scientific Book Chapters, in: The Next Industrial Revolution A New Age for Innovation in Industry, chapter 15, pages 289-316, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781800613669_0015
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    More about this item

    Keywords

    Industry Revolution; Innovation; Decarbonization and Climate Change and Environment; Circularity; Productivity; Resiliency; Greenhouse Gas; Materials and Resources; Digital Technologies; Internet of Things; New Energy Technologies and Electrification; Nano- and Biotechnologies;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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