We are familiar with the idea that technology is neutral, and that its impact depends only on how it is used. This traditional view has, however, become untenable. Because of its nature and its complex interplay with industry, the economy, and society, technology is no longer neutral. This change is being driven by the pervasiveness of data, which today are generated everywhere at an unpreceded pace because several technologies are currently reaching maturity.
Why do some regions thrive economically and others not? In this article, SATW member Georges Kotrotsios takes a close look at some key competition factors for industrial ecosystems and warns about global imbalances if risks and benefits are unequally shared between the private and public sector.
In an increasingly complex world, traditional paradigms fail to adequately capture the nature of interdependencies. This applies in particular to technological innovations and their social and economic impact. We need to find a holistic approach that helps us improve our understanding and planning.
Today the role of science and technology has become more important than ever. Digitalisation is playing a key role in this change. But digitalisation is fuelled by data, which therefore has become a factor of production equally important as capital. In fact, data is a form of capital, but with some specific distinctions. As such, it opens up new opportunities, but also harbours certain risks.