IT304.5 - IT in the Global Economy AIT Department George...

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IT in the Global Economy AIT Department George Mason University Author: Dr. Anne Marchant
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Transforming Technologies In this lecture, we will look at ways ICT technology is transforming the world, may transform the world in the future, and how we ourselves may be transformed.
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Kondratiev Waves Economic growth seems to occur in about 50-60 year cycles, prosperity is followed by recession, depression, and recovery. (Sometimes these are called K-waves or long waves.) According to this theory, we are in the 5 th K-cycle. Each stage can be associated with technologies. While economists may argue as to whether this is cause or effect, there does seem to be some linkage.
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Dicken, Global Shift , 2003: 88.
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Post-Fordism Fordism is the application of assembly line processes. Post-Fordism (or After-Fordism) is the application of Information Technologies to create flexible production systems.
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“X-Internet” In an article by Forrester Research employees (GITR 2001-2002: 46-53), the authors argue that we are entering a “post web era” in which extended Internet and communications technologies will expand. Bandwidth restrictions are constraining. New technologies will allow better real-time collaboration, software agents, and allow devices to communicate directly utilizing smart, cheaper sensors and tagging systems.
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“X-Internet” cont. They predict an exponential rise in the sale of Internet devices and services through 2010. 3 waves: GITR 2001-2002: 50. 2001 Wave 1: Finance, logistics, and media 2004 Wave 2: Utility, telecomm, health care, and automotive industries 2007 Wave 3: Consumer goods and construction industries Do you think they are right?
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Transforming Technologies The Internet is an obvious example. GPS Course Management and Distance Education Tools Digital Photography Medical imaging Remote sensing and mapping
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Transforming Technologies: Communications
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