IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/105619.html
   My bibliography  Save this paper

Information Communication & Computation Technology (ICCT) as a Strategic Tool for Industry Sectors

Author

Listed:
  • Aithal, Sreeramana
  • L. M., Madhushree

Abstract

Information Communication and Computation Technology (ICCT) and Nanotechnology (NT) are recently identified Universal technologies of the 21st century and are expected to substantially contribute to the development of the society by solving the basic needs, advanced wants, and dreamy desires of human beings. In this paper, the possibilities of using ICCT and its underlying ten most important emerging technologies like Artificial intelligence, Big data & business analytics, Cloud computing, Digital marketing, 3D printing, Internet of Things, Online ubiquitous education, Optical computing, Storage technology, and Virtual & Augmented Reality are explored. The emerging trends of applications of the above underlying technologies of ICCT in the primary, secondary, tertiary and quaternary industry sectors of the society are discussed, analysed, and predicted using a newly developed predictive analysis model. The advantages, benefits, constraints, and disadvantages of such technologies to fulfill the desires of human beings to lead luxurious and comfort lifestyle from various stakeholders point of views are identified and discussed. The paper also focuses on the potential applications of ICCT as a strategic tool for survival, sustainability, differentiation, and development of various primary, secondary, tertiary, and quaternary industries.

Suggested Citation

  • Aithal, Sreeramana & L. M., Madhushree, 2019. "Information Communication & Computation Technology (ICCT) as a Strategic Tool for Industry Sectors," MPRA Paper 105619, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:105619
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/105619/1/MPRA_paper_105619.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2015. "A Review on Anticipated Breakthrough Technologies of 21st Century," MPRA Paper 71382, University Library of Munich, Germany.
    2. Keith H Coble & Ashok K Mishra & Shannon Ferrell & Terry Griffin, 2018. "Big Data in Agriculture: A Challenge for the Future," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 40(1), pages 79-96.
    3. Shorouq Fathi Eletter & Saad Ghaleb Yaseen & Ghaleb Awad Elrefae, 2010. "Neuro-Based Artificial Intelligence Model for Loan Decisions," American Journal of Economics and Business Administration, Science Publications, vol. 2(1), pages 27-34, March.
    4. Kaushalesh Lal, 2007. "E-business and Manufacturing Sector: A Study of Small and Medium-sized Enterprises in India," Palgrave Macmillan Books, in: Information and Communication Technologies in the Context of Globalization, chapter 2, pages 16-33, Palgrave Macmillan.
    5. Aithal, Sreeramana, 2016. "The concept of Ideal Strategy and its realization using White Ocean Mixed Strategy," MPRA Paper 71770, University Library of Munich, Germany.
    6. Aithal, Sreeramana, 2016. "Review on Various Ideal System Models Used to Improve the Characteristics of Practical Systems," MPRA Paper 74395, University Library of Munich, Germany, revised 20 Sep 2016.
    7. Maryann P. Feldman & Iryna Lendel, 2010. "Under the Lens: The Geography of Optical Science as an Emerging Industry," Economic Geography, Clark University, vol. 86(2), pages 147-171, April.
    8. Schniederjans, Dara G., 2017. "Adoption of 3D-printing technologies in manufacturing: A survey analysis," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 287-298.
    9. Maryann P. Feldman & Iryna Lendel, 2010. "Under the Lens: The Geography of Optical Science as an Emerging Industry," Economic Geography, Taylor & Francis Journals, vol. 86(2), pages 147-171, April.
    10. Wang, Yichuan & Kung, LeeAnn & Byrd, Terry Anthony, 2018. "Big data analytics: Understanding its capabilities and potential benefits for healthcare organizations," Technological Forecasting and Social Change, Elsevier, vol. 126(C), pages 3-13.
    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. Aithal, Sreeramana, 2021. "Business Excellence through the Theory of Accountability," MPRA Paper 107894, University Library of Munich, Germany, revised 15 May 2021.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ron Martin & Peter Sunley, 2011. "Conceptualizing Cluster Evolution: Beyond the Life Cycle Model?," Regional Studies, Taylor & Francis Journals, vol. 45(10), pages 1299-1318, November.
    2. David Rigby, 2012. "The Geography of Knowledge Relatedness and Technological Diversification in U.S. Cities," Papers in Evolutionary Economic Geography (PEEG) 1218, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2012.
    3. Aithal, Sreeramana & Kumar, Suresh, 2016. "Comparative Analysis of Theory X, Theory Y, Theory Z, and Theory A for Managing People and Performance," MPRA Paper 72974, University Library of Munich, Germany.
    4. Melissa Haller & David L. Rigby, 2020. "The geographic evolution of optics technologies in the United States, 1976–2010," Papers in Regional Science, Wiley Blackwell, vol. 99(6), pages 1539-1559, December.
    5. Aithal, Sreeramana, 2016. "Review on Various Ideal System Models Used to Improve the Characteristics of Practical Systems," MPRA Paper 74395, University Library of Munich, Germany, revised 20 Sep 2016.
    6. Broekel, Tom & Fornahl, Dirk & Morrison, Andrea, 2015. "Another cluster premium: Innovation subsidies and R&D collaboration networks," Research Policy, Elsevier, vol. 44(8), pages 1431-1444.
    7. Margherita Russo & Annalisa Caloffi & Ana Colovic & Pasquale Pavone & Saverio Romeo & Federica Rossi, 2022. "Mapping regional strengths in a key enabling technology: The distribution of Internet of Things competences across European regions," Papers in Regional Science, Wiley Blackwell, vol. 101(4), pages 875-900, August.
    8. Mark Lorenzen & Bo Carlsson, 2014. "Maryann Feldman: Recipient of the 2013 Global Award for Entrepreneurship Research," Small Business Economics, Springer, vol. 43(1), pages 1-8, June.
    9. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2016. "Nanotechnology Innovations and Commercialization – Opportunities, Challenges & Reasons for Delay," MPRA Paper 72337, University Library of Munich, Germany.
    10. Markus Steen, 2016. "Reconsidering path creation in economic geography: aspects of agency, temporality and methods," European Planning Studies, Taylor & Francis Journals, vol. 24(9), pages 1605-1622, September.
    11. Aithal, Sreeramana & P. M., Suresh Kumar, 2016. "Theory A for Optimizing Human Productivity," MPRA Paper 74265, University Library of Munich, Germany, revised 20 Sep 2016.
    12. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2016. "Business Strategy for Nanotechnology based Products and Services," MPRA Paper 71766, University Library of Munich, Germany, revised Apr 2016.
    13. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2020. "Implementation Strategies of Higher Education Part of National Education Policy 2020 of India towards Achieving its Objectives," MPRA Paper 104475, University Library of Munich, Germany.
    14. Feldman, Maryann & Tavassoli, Sam, 2014. "Something New: Where do new industries come from?," Working Papers 2014/02, Blekinge Institute of Technology, Department of Industrial Economics.
    15. Feldman, Maryann & Lowe, Nichola, 2015. "Triangulating regional economies: Realizing the promise of digital data," Research Policy, Elsevier, vol. 44(9), pages 1785-1793.
    16. Frederic Gaschet & Mathieu Becue & Vanessa Bouaroudj & Marina Flamand & André Meunie & Guillaume Pouyanne & Damien Talbot, 2017. "Related variety and the dynamics of European photonic clusters," European Planning Studies, Taylor & Francis Journals, vol. 25(8), pages 1292-1315, August.
    17. Marc Doussard & Greg Schrock & T William Lester, 2017. "Did US regions with manufacturing design generate more production jobs in the 2000s? New evidence on innovation and regional development," Urban Studies, Urban Studies Journal Limited, vol. 54(13), pages 3119-3137, October.
    18. Margherita Russo & Annalisa Caloffi & Ana Colovic & Pasquale Pavone & Saverio Romeo & Federica Rossi, 2021. "Mapping the distribution of Internet of Things competences across European regions," Working Papers 57, Birkbeck Centre for Innovation Management Research, revised Dec 2021.
    19. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2019. "Building World-Class Universities : Some Insights & Predictions," MPRA Paper 95734, University Library of Munich, Germany.
    20. Basile, Luigi Jesus & Carbonara, Nunzia & Pellegrino, Roberta & Panniello, Umberto, 2023. "Business intelligence in the healthcare industry: The utilization of a data-driven approach to support clinical decision making," Technovation, Elsevier, vol. 120(C).

    More about this item

    Keywords

    ICCT; Universal technology; Emerging trends; Information science & technology; Industry sectors; ICCT as a strategic tool;
    All these keywords.

    JEL classification:

    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:pra:mprapa:105619. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.