Transforming the socio economy with digital innovation /
Watanabe, Chiho,author.
Tou, Yuji,author.
Neittaanmäki, P.(Pekka),author.
Front Cover -- TRANSFORMING THE SOCIO ECONOMY WITH DIGITAL INNOVATION -- TRANSFORMING THE SOCIO ECONOMY WITH DIGITAL INNOVATION -- Copyright -- Contents -- About the authors -- Preface -- Acknowledgments -- 1 - Introduction -- 1.1 Rapid increase in digitalized innovation -- 1.2 Structural decline in productivity -- 1.3 The dilemma of digitalized innovation and productivity decline -- 1.4 Two-sided nature of information and communication technology -- 1.5 Uncaptured GDP -- 1.6 Spin-off coevolution -- 1.7 Activation of self-propagating function -- 1.8 Soft innovation resources -- 1.9 Neo open innovation -- References -- 2 - The productivity paradox and the limitations of GDP in measuring the digital economy -- 2.1 The increasing significance of the measurement mismatch in the digital economy -- 2.1.1 The mismatch between the quality of products and statistical sources -- 2.1.2 Exacerbation of the mismatch by the digital economy -- 2.1.3 Hedonic pricing approach -- 2.1.4 Integration of national statistical accounts with accurate price index efforts -- 2.2 From "computer-initiated" to "internet-initiated" productivity paradox -- 2.2.1 Computer-initiated productivity paradox -- 2.2.2 Internet-initiated productivity paradox -- 2.3 New spin-off business strategies in the transition to an Internet of Things society -- 2.3.1 New stream toward an Internet of Things society -- 2.3.2 Spin-off dynamism toward a new coevolution -- 2.4 Limitations of GDP data for measuring the digital economy -- 2.4.1 Emergence of a free culture -- 2.4.1.1 Unique functions derived from online intermediaries -- 2.4.1.2 Consumer surplus -- 2.4.1.3 New goods and services derived from disruptive innovations -- 2.4.1.4 Online piracy -- 2.4.2 Emergence of uncaptured GDP -- 2.5 Conclusion -- References -- 3 - Increasing dependence on uncaptured GDP and ways to measure it.
3.1 Structural sources of productivity decline in the digital economy -- 3.1.1 Scheme for measuring the digital economy -- 3.1.2 Increasing dependence on beyond-GDP measurements -- 3.1.2.1 Emergence of and increase in activities that cannot be captured by GDP -- 3.1.2.2 Transformation into a GDP-diminishing structure -- 3.1.3 Effect on GDP accounting -- 3.2 The two-sided nature of information and communication technology -- 3.2.1 Calculation of the pseudo-information and communication technology deflator -- 3.2.2 Two sides of the information and communication technology (ICT) of the world's ICT leaders -- 3.2.3 Two-sided polarization of the information and communication technology (ICT) of 500 global ICT firms -- 3.3 Shift from monetary to nonmonetary consumption -- 3.3.1 Shift from economic functionality to suprafunctionality -- 3.3.2 Shifts in consumer preferences -- 3.4 Emergence of uncaptured GDP and its measurement -- 3.4.1 Measuring uncaptured GDP -- 3.4.2 Differences in the shift to the new coevolution -- 3.4.3 The consequence of the trajectory option -- 3.4.4 Insights into activating a new coevolutionary dynamism -- 3.5 Conclusion -- References -- 4 - The emergence of soft innovation resources -- 4.1 The new stream of the digital economy and beyond -- 4.1.1 The new stream of the digital economy under spin-off dynamism -- 4.1.2 Digital innovation with a unique nature -- 4.1.2.1 Simultaneous dissemination -- (1) Self-propagating permeation -- (2) Homogeneous information communication and technology stock creation -- (3) Coevolutionary advancement with new functional devices -- 4.1.2.2 The digital solution to social demand -- 4.1.3 The shift to new socioeconomic trends -- 4.1.3.1 Shift to an eco-conscious smart consumer society -- 4.1.3.2 Shift to a sharing economy -- 4.1.3.3 Shifting to a circular economy.
4.1.3.4 Shifting to a noncontact socioeconomy after COVID-19 -- (1) Transformation of lifestyle -- (2) Reconsideration of the concepts of central and local -- (3) Rebuilding the significance of internationalization -- (4) The new social contract between the state and citizens -- (5) Reestablishment of public-private boundaries -- (6) Rethinking free market fundamentalism -- (7) Exfoliation from the myth of GDP -- (8) Disruptive innovation that coevolves with pandemic -- (9) Accelerated change in history -- 4.1.4 Emergence of disruptive business models -- 4.2 Remarkable disruptive business models from which new innovations emerge -- 4.2.1 Suprafunctionality beyond economic value - Driving force in a shift in people's preferences33See the details of the analysi ... -- 4.2.1.1 Evolution of disruptive business model toward utilization of suprafunctionality -- 4.2.1.2 Transforming the shift in people's preferences into innovation-a new approach -- 4.2.1.3 Growing consumer anger -- 4.2.1.4 Emerging conflict in transition as a springboard for new innovation -- 4.2.1.5 Discussion -- 4.2.2 Sleeping capable resources - Uber's ridesharing revolution44See the details of the analysis in the authors' previous works  ... -- 4.2.2.1 Evolution of disruptive business model toward utilization of sleeping resources -- 4.2.2.2 Uber's ridesharing revolution-a new approach -- 4.2.2.3 Information communication and technology-driven disruptive business model -- 4.2.2.4 Rapid growth and legal battle - consolidated challenge to social demand -- 4.2.2.5 Discussion -- The secret of Uber's success -- Sources of legal battles -- Implications -- 4.2.3 Trust from overdrawing past information - Trust-based digitally rich learning environments55See the details of the analysis ... -- 4.2.3.1 Evolution of the disruptive business model that results in overdrawing of past information.
4.2.3.2 Trust-based digital learning inducing innovation-a new approach -- 4.2.3.3 The effect of blended learning and teacher resistance -- 4.2.3.4 Coevolution and disengagement reassessed -- 4.2.3.5 Discussion -- 4.2.4 Utmost gratification ever experienced - The commodification of past experiences66See the details of the analysis in the aut ... -- 4.2.4.1 Evolution of disruptive business model toward utilization of utmost gratification -- 4.2.4.2 Harnessing utmost gratification for innovation-a new approach -- 4.2.4.3 Consumers psychophysiology behavior -- 4.2.4.4 The commodification of learning experiences -- 4.2.4.5 Discussion -- 4.2.5 Memories and future dreams - Coevolution of streaming and live music77See the details of the analysis in the authors' previ ... -- 4.2.5.1 Evolution of disruptive business model toward utilization of memories and future dreams -- 4.2.5.2 Coevolution of streaming and live music-a new approach -- 4.2.5.3 Self-propagating function incorporated in live music industry -- 4.2.5.4 Transformation into a "live-concert-streaming music industry" -- 4.2.5.5 Discussion -- 4.2.6 Untapped resources and vision - Harnessing the vigor of untapped resources of women's potential88See the details of the ana ... -- 4.2.6.1 Evolution of disruptive business models toward harnessing untapped resources and vision -- 4.2.6.2 Harnessing the vigor of women's potential-a new approach -- 4.2.6.3 Gender-balanced leadership in the digital economy -- (1) Contribution of the gender balance index to economic growth -- (2) Contribution of economic growth to information communication and technology advancement -- (3) Gender balance improvement induced by information communication and technology and blocked by male-dominated society -- (4) Gender balance improvement supported by income growth and blocked by male-dominated society.
(5) Information communication and technology contribution to income growth -- (6) Information communication and technology advancement stimulated by gender balance improvement -- 4.2.6.4 Consequences of coevolutionary dynamism -- 4.2.6.5 Discussion -- 4.3 Soft innovation resources -- 4.3.1 Harness the vigor of innovation resources in the four dimensions -- 4.3.2 Emergence of soft innovation resources -- 4.3.3 Features and function of soft innovation resources -- 4.3.3.1 Specific features of soft innovation resources -- 4.3.3.2 Role and function of soft innovation resources -- 4.3.4 Hybrid role of soft innovation resources -- 4.3.5 Trigger of neo open innovation -- 4.4 Assessment of soft innovation resources -- 4.4.1 Innovation dynamism in the Internet of Things society activated by soft innovation resources -- 4.4.2 Measurement of soft innovation resources as crystals of the internet -- 4.4.2.1 Correlation between advancement of the internet and soft innovation resources -- (1) Sleeping resources -- (2) Trust -- (3) Memory and dreams -- (4) Untapped resources -- 4.4.2.2 Correlation between the self-propagating function and advancement of the internet -- (1) Trend in self-propagating function -- (2) Internet inducement of self-propagating function -- 4.4.2.3 Correlation between shifts in people's preferences and advancement of the internet -- 4.5 Conclusion -- References -- 5 - Neo open innovation in the digital economy -- 5.1 R&amp -- D-driven growth in an Internet of Things society -- 5.2 Bipolarization of information and communication technology-driven development -- 5.3 R&amp -- D expansion versus declining productivity -- 5.4 Neo open innovation -- 5.4.1 Self-propagating function -- 5.4.2 Repulsive power against declining productivity -- 5.4.3 Spin-off to uncaptured GDP -- 5.4.4 Soft innovation resources of global ICT leaders.
5.4.5 The hybrid role of soft innovation resources.
Description based on print version record.
Technological innovations
Economics