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Digital economy is the economic activity that results from billions of everyday online connections among people, businesses, devices, data and processes.
Digital transformation is the profound transformation of business and organizational activities, processes, competencies and models to fully leverage the changes and opportunities of a mix of digital technologies and their accelerating impact across society in a strategic and prioritized way, with present and future shifts in mind.
The robots haven’t just landed in the workplace—they’re expanding skills, moving up the corporate ladder, showing awesome productivity and retention rates, and increasingly shoving aside their human counterparts.
A machine-to-machine (M2M) economy is one where the smart, autonomous, networked and economically independent machines act as the participants, carrying on the economy activities with little to no human intervention.
The upcoming Second Machine Age is expected to involve the automation of a lot of cognitive tasks that make humans and software-driven artificial intelligence (AI) based machines substitutes, rather than complements.
The term 3D printing covers a variety of processes in which material is joined or solidified under computer control to create a three-dimensional object, with material being added together, typically layer by layer.
The Fourth Industrial Revolution represents a fundamental change in the way we live, work and relate to one another. It is a new chapter in human development, enabled by extraordinary technology advances commensurate with those of the first, second and third industrial revolutions. These advances are merging the physical, digital and biological worlds in ways that create both huge promise and potential peril. The speed, breadth and depth of this revolution is forcing us to rethink how countries develop, how organisations create value and even what it means to be human. The Fourth Industrial Revolution is about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policy-makers and people from all income groups and nations, to harness converging technologies in order to create an inclusive, human-centred future. The real opportunity is to look beyond technology, and find ways to give the greatest number of people the ability to positively impact their families, organisations and communities.
A circular economy (often referred to simply as "circularity") is an economic system aimed at minimising waste and making the most of resources. This regenerative approach is in contrast to the traditional linear economy, which has a 'take, make, dispose' model of production.
The sharing economy, also known as collaborative consumption or peer-to-peer-based sharing, is a concept that highlights the ability -- and perhaps the preference -- of individuals to rent or borrow goods rather than buy and own them.
A smart city is a city that incorporates information and communication technologies (ICT) to enhance the quality and performance of urban services such as energy, transportation and utilities in order to reduce resource consumption, wastage and overall costs.
A human-centered society that balances economic advancement with the resolution of social problems by a system that highly integrates cyberspace and physical space.
A space elevator is a proposed type of planet-to-space transportation system. The main component would be a cable anchored to the surface and extending into space.
A flying car is a type of personal air vehicle or roadable aircraft that provides door-to-door transportation by both ground and air. The term "flying car" is also sometimes used to include hovercars.
The transportation system in the future will be very different from our current system. We will see flying cars, self-driving cars, passenger drones, hyperloop one system. With Starship and the Super Heavy Rocket, most journeys will taking less than 30 minutes, with access to anywhere in the world in an hour or less.
In philosophy, systems theory, science, and art, emergence occurs when an entity is observed to have properties its parts do not have on their own. These properties or behaviors emerge only when the parts interact in a wider whole. For example, smooth forward motion emerges when a bicycle and its rider inter-operate, but neither part can produce the behavior on their own. Emergence is complexity arising from simplicity.
Education is a big challenge now. If we don’t change the way we teach, 30 years from now we will be in trouble. The way we teach, the things we teach our kids, are the things from the past 200 years. It is knowledge based. And we cannot teach our kids to compete with machines — they are smarter. Teachers must stop teaching knowledge. We have to teach something unique so that a machine can never catch up with us. Values, believing, independent thinking, teamwork. Everything we teach should be different from machines. If machine can do better you need to think about it.
Universal basic income (UBI) is a model for providing all citizens of a country or other geographic area with a given sum of money, regardless of their income, resources or employment status. The purpose of the UBI is to prevent or reduce poverty and increase equality among citizens.