• Title/Summary/Keyword: The Fourth Sector

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The Singular Economy: End of the Digital/Physical Divide

  • Meceda, Ann M.;Vonortas, Nicholas S.
    • STI Policy Review
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    • v.9 no.1
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    • pp.133-157
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    • 2018
  • The divide between the "digital" economy and the traditional "physical" economy is outdated. In fact, we are in a transition to a singular economy. This paper classifies economic objects (including actors) as either physical or virtual and argues that due to emerging technologies, these objects are interacting with each other in both physical and increasingly digital spheres in tandem. This paper recognizes the elemental difference between atoms and bytes but argues that physical and digital economic activities are becoming inseparably intertwined. Furthermore, arbitrarily dividing the economy into two categories - one "physical" and the other "digital" - distorts the overall view of the actual execution of economic activity. A wide range of innovations emerging concurrently is fueling the transition to a singular economy. Often referred to as the elements of the Fourth Industrial Revolution (4IR), four emerging technological areas are reviewed here: distributed ledger technology, artificial intelligence/machine learning/data sciences, biometrics and remote sensor technologies, and access infrastructure (universal internet access/electricity/cloud computing). The financial services sector is presented as a case study for the potential impact of these 4IR technologies and the blurring physical/digital line. To reach the potential of these innovations and a truly singular economy, it requires the concurrent development of social, organizational, and regulatory innovations, though they lag in terms of technological progress thus far.

A study on categorizating public-related conflicts in the port sector (항만 관련 공공갈등 유형화에 관한 연구)

  • Lee, HyeRyeong;Kim, GaHyun;Kim, SeWon
    • Journal of Korea Port Economic Association
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    • v.39 no.3
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    • pp.141-153
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    • 2023
  • Recently, conflict management has emerged as a major issue. Among them, public conflicts that occur in the process of promotion public policies can have negative social effects, so it is very important to manage conflicts effectively. Therefore, this study aimed to examine the characteristics of public conflicts related to ports in order to lay the foundation for the smooth promotion of public policies related to ports. The significance of this study is that it collected and categorized conflict cases in the port sector through various channels to examine the characteristics of port-related conflicts more closely. The results of this study are summarized as follows. First, this study categorized port-related public conflicts by considering the characteristics of actors, life cycles, and issues, which confirmed that conflicts over ports have various issues. Second, we found that many port-related public conflicts have been resolved in a highly coercive manner. Third, it is necessary to explore non-coercive approaches to induce conflict resolution. Fourth, it is necessary to establish a dual system of proactive and reactive measures to manage port-related public conflicts.

Statistical analysis of Production Efficiency on the Strawberry Farms Using Smart Farming (스마트팜 도입 딸기농가의 생산효율성 통계분석)

  • Choi, Don-Woo;Lim, Cheong-Ryong
    • Journal of Korean Society for Quality Management
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    • v.46 no.3
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    • pp.707-716
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    • 2018
  • Purpose: This study aims to analyze the management performance and production efficiency of strawberry farmers who introduced smart farming, one of the primary symbols of the fourth industrial revolution in the agricultural sector. Methods: We conducted an empirical survey of strawberry farms using smart farming and analyzed production efficiency using DEA method. Results: First, difficulties for strawberry farmers introducing smart farming included time and money spent on parts replacement and additional costs due to compatibility problems with existing facilities after the adoption. Second, strawberry farmers using smart farming increased their total income by producing higher yield and improving quality thanks to the competent growth management. Third, the analysis of production efficiencies before and after smart farming found improvement in technical efficiency, pure technical efficiency, and scale efficiency. But, the gaps in technical and scale efficiencies among the farms widened. Conclusion: Based on the results above, following policy suggestions are offered. First, an environment control technology suitable for strawberry farming needs to be developed. Second, the smart farming technology needs to be standardized by the government. Third, new smart farm models need to be developed to accommodate to the facilities and environment in Korea through collecting big data including high-quality data on the environment, growth, and yield. Fourth, continuing education needs to be provided to narrow the gap in smart farming technology among strawberry farmers.

Proposal of Artificial Intelligence Convergence Curriculum for Upskilling of Financial Manpower : Focusing on Private Bankers and Robo-Advisors

  • KIM, JiWon;WOO, HoSung
    • Fourth Industrial Review
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    • v.2 no.1
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    • pp.19-32
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    • 2022
  • Purpose - As new technologies that have led the 4th industrial revolution spread after the COVID-19 pandemic, the business crisis of existing financial institutions and the threat of employee jobs are growing, especially in the financial sector. The purpose of this study is to propose a human-technology convergence curriculum for creating high value-added in financial institutions and upskilling financial manpower. Research design, data, and methodology - In this study, a curriculum was designed to strengthen job competency for Private Bankers, high-quality employees of a bank dealing with high-net-worth owners. The focus of the design is that learners acquire skills to use robo-advisors as a tool and supplement artificial intelligence ethics. Result - The curriculum is organized into a total of 16 classes, and the main contents are changes in the financial environment and financial consumers, the core technology of robo-advisors and AI ethics, and establishment and evaluation of hyper-personalized asset management strategies using robo-advisors. To achieve the educational goal, two evaluations are performed to derive individual tasks and team project results. Conclusion - Human-centered upskilling convergence education will contribute to improving employee value and expanding corporate high value-added business areas by utilizing new technologies as tools. It is expected that the development and application of convergence curriculum in various fields will continue to be advanced in the future.

A Case Study on Explosive Demolition of Gunsan Steam Power Station in Republic of Korea (군산화력발전소 발파해체 실용화 시험시공 사례)

  • Min, Hyung-Dong;Song, Young-Suk;Kim, Hyo-Jin;Seo, Young-Soo
    • Explosives and Blasting
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    • v.25 no.2
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    • pp.11-21
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    • 2007
  • The main structure of Gunsan steam power station was demolished by the toppling method using high explosives. Height of a main building is 58m and a total floor area is $292,000m^2$. It is Rahmen(rigid-frame) structure consisted of almost columns and beams and slabs exist only in one part of the building for the electricity generators equipments. To improve the efficiency of blasting work, it is separated into 4 sectors. Blasting floors were 1, 2, 3, & 4 stories from first sector to third sector, while 1, 2, 5, & 7 of fourth sector were blasted because it had not slabs. About 102.675 kg of the MegaMITE were used with 225 electric detonator and 638 non-electric detonators to check detonator connection and confidence of detonation. The blasting noise and vibration were monitored to evaluate the environment effect and the damage of the nearby structures.

A survey of Factors Influencing College Students Participating in Discipline Competition Based on the questionnaire

  • SU, Shuai;ZHANG, Fan
    • Fourth Industrial Review
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    • v.1 no.2
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    • pp.17-20
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    • 2021
  • Purpose - "Higher education of vocational education focuses on Discipline competition" This is the requirement of the education sector in China for the Application-oriented Undergraduate in the 21st century. As an integral part of Higher education vocational education, Discipline competition is not only an effective way to test the higher education reform of the Application-oriented Undergraduate, but also a measure of the level of Application-oriented Undergraduate. Research design, data, and methodology - The study conducted a survey on SPSS 24.0 Through factor analysis of 192 questionnaires data. After empirically analyzing the data, we found that the factors can be classified into four main factors. Result - This study shows that in terms of gender, boys are more susceptible to external factors and time factors while girls are more vulnerable to internal factors. And girls are more susceptible to internal factors. In terms of professional categories, non-teacher students are more likely to be hindered by external factors such as missing entry information. Conclusion - This paper assumes that there are significant differences in internal promotion and barriers in different disciplines competition.

Impact of climate change scenarios in the Building Sector (기후변화 시나리오에 따른 건물부분의 영향)

  • Lee, Kwan-Ho
    • Journal of the Korean Solar Energy Society
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    • v.33 no.2
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    • pp.64-69
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    • 2013
  • According to the Fourth Assessment Report of Intergovernmental Panel on Climate Change(IPCC) Working Group III, climate change is already in progress around the world, and it is necessary to execute mitigation in order to minimize adverse impacts. This paper suggests future climate change needs, employing IPCC Special Report on Emissions Scenarios(SRES) to predict temperature rises over the next 100 years. This information can be used to develop sustainable architecture applications for energy efficient buildings and renewable energy. Such climate changes could also affected the present supplies of renewable energy sources. This paper discusses one recent Fourth Assessment Report of IPCC (Mitigation of Climate Change) and the Hadley Centre climate simulation of relevant data series for South Korea. Result of this research may improve consistency and reliability of simulation weather data or climate change in order to take advantage of SRES and PRECIS QUMP. It is expected that these calculated test reference years will be useful to the designers of solar energy systems, as well as those who need daily solar radiation data for South Korea. Also, those results may contribute zero carbon and design of sustainable architecture establishing future typical weather data that should be gone ahead to energy efficient building design using renewable energy systems.

An empirical study on the employment impact of the Fourth Industrial Revolution (제4차 산업혁명의 고용 영향에 대한 실증적 연구)

  • Ahn, Jongchang;Hwang, Jun;Lee, Woongjae
    • Journal of Internet Computing and Services
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    • v.19 no.1
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    • pp.131-140
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    • 2018
  • This study aims to analyze various discussions for influences on employment by the technologies related to the frequently mentioned Fourth Industrial Revolution and to conduct an exploratory research. For this aim, this paper analyzes and extends the survey related to realization possibility for managements and professionals of ICT sector in Global Agenda Council of World Economic Forum (WEF) in September 2015. Based upon these results, this study further conducts an empirical survey not only over realization possibility but also over its employment impact. For each 23 item of realization possibility, all the respondents (n=169) responded positively to each item to be actualized in 2025. In addition, for each 23 item of the strength of employment impact, most items were responded as decrease of employment but a few items were predicted as expansion of employment. This research has a meaning in providing a clue of empirical survey for employment impact by the Fourth Industrial Revolution in the future.

A Study on the Menu Management of Betel Restaurants (메뉴 교체의 관리 방안에 관한 연구 -호텔 레스토랑을 중심으로-)

  • 김기영;이동근
    • Culinary science and hospitality research
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    • v.8 no.3
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    • pp.1-20
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    • 2002
  • The rapidly changing environments of today's hospitality industry lays more and more emphasis on the management of food & beverage sector. Hotel restaurants changes their menus 2 times a year. But they tend to modify or complement old items, or imitate other restaurants'menus, rather than try new ones. In addition, the change cycles are determined without any systematic and scientific criteria. Based on the survey, a plan for managing menu change cycles is proposed. The proposed plan is summarized as follows: First, the survey result demonstrates that the appropriate frequency of menu changes is: twice a year for the fixed menu; four times for the seasonal menu; four times for the promotion menu; twice for the business menu; and, three times for the event menu. Second, under the management maintained by consistent monitoring of menu change. Third, menu change should be managed through the menu analyses on its profitability, popularity, and the potential for further growth. Fourth, menu change should be managed through the periodic investigations of the tastes and preferences of the customers. fifth, a unique system for the menu change should be constructed by analyzing of other competitive restaurants or restaurant chain stores.

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Industry 4.0, Circular Economy, and Tourism

  • Alfonso Vargas-Sanchez
    • Journal of Information Technology Applications and Management
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    • v.29 no.5
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    • pp.1-12
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    • 2022
  • This research is situated at the intersection between industry 4.0, circular economy and tourism, in an attempt to observe the fourth industrial revolution at the service of the application of circular economy principles in the tourism industry. This approach has gained importance due to the COVID-19 pandemic, which has accelerated fundamental dynamics of change linked to business digitization and environmental sustainability. Within the theoretical framework delimited by the aforementioned intersection, the 'goCircular Radar' project, launched by 'TheCircularLab', from Ecoembes (Spain), has been taken as an empirical reference. Among the 165 startups in the circular economy sector, special attention has been paid to those that are oriented, or have a potential application, to tourism. The activities they carry out are described, with particular attention to the technologies they use and their contribution to circularity.