Modeling Digital Penetration of the Industrialized Society and its
Ensuing Transfiguration
- URL: http://arxiv.org/abs/2308.08979v2
- Date: Mon, 21 Aug 2023 06:45:23 GMT
- Title: Modeling Digital Penetration of the Industrialized Society and its
Ensuing Transfiguration
- Authors: Johannes Vrana, Ripudaman Singh
- Abstract summary: The Fourth Industrial Revolution, ushered by the deeper integration of digital technologies into professional and social spaces, provides an opportunity to meaningfully serve society.
This paper presents a unified model of the industrialized ecosystem covering value creation, value consumption, enabling infrastructure, required skills, and additional governance.
- Score: 0.0
- License: http://creativecommons.org/licenses/by-nc-sa/4.0/
- Abstract: The Fourth Industrial Revolution, ushered by the deeper integration of
digital technologies into professional and social spaces, provides an
opportunity to meaningfully serve society. Humans have tremendous capability to
innovatively improve social well-being when the situation is clear. Which was
not the case during the first three revolutions. Thus, society has been
accepting lifestyle changes willingly and several negative consequences
unwillingly. Since the fourth one is still in its infancy, we can control it
better. This paper presents a unified model of the industrialized ecosystem
covering value creation, value consumption, enabling infrastructure, required
skills, and additional governance. This design thinking viewpoint, which
includes the consumer side of digital transformation, sets the stage for the
next major lifestyle change, termed Digital Transfiguration. For validation and
ease of comprehension, the model draws upon the well-understood automobile
industry. This model unifies the digital penetration of both industrial
creation and social consumption, in a manner that aligns several stakeholders
on their transformation journey.
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