Joseph schumpeter prophet of innovation theory called

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Joseph Schumpeter - "prophet of innovation theory" calledthis process "creative destruction" (destroys old way, creates anew way of doing things)digitalization - its characteristics and particularitiesknowing the characteristics of digitalizations allows you to makepredictions understanding what happens when you digitalize allows you to predict what is important and what will happen in the futurefor example, the "digital footprint" is very importantdeath of distance - info travels through digital networks at the speed of lightnetwork externalities - different apps competing, and suddenly one of them becomes "the app"economies of scale - digital content and simply copy/paste, delicate consequences AI - human decisions are now replaced with AI (and algorithms)
16Day of a digital life of a college student:ofdigitizationDigitalization & Amazon:technologymakingtheworldsmallerBig Data & eScience7weekSource: ; De Montjoye, et al. (2013). Unique in the Crowd.Scientific Reports,3.FriasMartinez & Virseda (2013). Cell Phone Analytics: Scaling Human Behavior Studies into the Millions. ITID, 9(2), pp. 35–50.poly-directionality allows individuals to communicate one to oneor many to many (allowing for more diverse means to communicate to accomplish tasks faster)digital footprint - automatic tracking of where you go and whatwebsites you searched in the digital age, what you leave behind and where you go MATTERS!Amazon robots and Kiva - jobs held by humans are now done by robotsdeath of distance - anyone can order anything from anywhere in the worldnetwork externalities - allows people to participate in reviews of productsdigitalization of scienceanalysis of big data - has to do w/the digital footprint (e.g. whenyou walk around with your mobile phone)simulation models - traffic, military, attacks
17ComputationalSocial ScienceSources: Bohemia Interactive Simulations, ;TRANSIMS: ; Epstein, Globalization &Human Development8weekmost people in cyberspace live in a reality that is quite differentfrom the reality we live in a developed countryabout every third person that connects with digitalization liveswith less than $2 a dayneed to train ourselves to look at the world from different perspectives
18Unfinished globalizationglobal flow of capital, without global mobility or social systems,with partial global governanceDigital Divide9weekDiffusion on networksWilensky, U. (1999). NetLogo. The Center for Connected Learning (CCL) and Computer-Based Modeling. Retrieved from digital divide - some people are included in the digital paradigmand others are not (leads to a form on inequality of accessand usage)we already have a lot of other inequality in society (health, gender, economic)we need to study the basic theories on the diffusion of innovations (how do innovations diffuse through social networks?)
19Telecommunication capacity of countriesTelecom: OECD vrs. the rest of world

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