• Title/Summary/Keyword: data economy ecosystem

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Trust-based business model in trust economy: External interaction, data orchestration and ecosystem value

  • Minzheong, Song
    • International Journal of Advanced Culture Technology
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    • v.6 no.1
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    • pp.32-41
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    • 2018
  • The aim of this study is to formulate a trust-based business model of Internet services in so called the "trust economy." For it, firstly concepts of trust and trust economy are discussed. Then, we present previous literatures' review of trust in social science prism and trust economy in economic prism. This study classified the literatures' stances with two viewpoints of the 'system' and the 'user'. With this backdrop, we discuss three contradictory stances: Internal optimization vs. external interaction, personal data control vs. orchestration, and end-user vs. ecosystem value. In the result, we formulate a trust-based business model framework with three trust issues in user perspective and suggests three strategic directions related three issues along with representative use cases.

Data economy in Korea: Cases of finance, real estate, and medical care sectors (한국의 데이터경제 현황 및 평가: 금융, 부동산, 의료 부문을 중심으로)

  • Cho, Man;Moon, Seongwuk;Rhee, Inbok;Choi, Seongyun
    • Journal of Technology Innovation
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    • v.31 no.1
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    • pp.65-103
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    • 2023
  • With the recent surge in the share of data-based economic activities, there have been vibrant discussions on the data economy. Yet, few extant works provide a framework for systematically analyzing the transition to the data economy by major industries in Korea. By reviewing the existing literature, we first summarize the main characteristics of the data economy as building platforms, the greater importance of predictive power, and the increased use of new analytics. Next, based on such understanding, we provide a comparative analysis regarding the degree of data-based activities in Korea's financial, real estate, and medical sectors. We find that the speed at which, and the content of the data economy characteristics being realized were different for the different sectors. These findings suggest that differentiated policy approaches by major industrial sectors such as finance, real estate, and medical care are needed to improve economic productivity and increase welfare through the spread of the data economy.

Emergy Evaluation of the Korean Economy and Environment: Implications for the Valuation of Marine Ecosystem Services (한국 경제와 자연환경의 에머지 평가: 해양생태계서비스 가치평가 시사점)

  • Kang, Daeseok
    • Journal of the Korean Society for Marine Environment & Energy
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    • v.18 no.2
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    • pp.102-115
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    • 2015
  • Several emergy researches have been carried out to estimate the value of marine ecosystem services in Korea over the last decade. Their results cannot be compared mainly due to inconsistency in emergy-money ratios used to convert emergy unit into monetary unit. This study aimed at providing a standardized format for the emergy evaluation of the Korean economy and environment for different emergy evaluations to be compatible. Even though the area of the continental shelf increased in this study compared to those of previous studies, areaweighted average tidal range for the entire continental shelf of Korea resulted in smaller tidal range, decreasing the final emergy input from tide. However, emergy inputs from nonrenewable resources and purchased goods and services increased with new categorization and use of more detailed data, combined with updated unit emergy values. This led to higher emergy-money ratio for the Korean economy, indicating that previous emergy valuations might have overestimated the contributions of marine ecosystem to the real wealth of the Korean society. The base year for gross domestic product used in the emergy evaluation needs to be clearly indicated due to its impact on the calculation of the emergy-money ratio. A standardized emergy table for the Korean economy will contribute to ensuring consistency among future emergy researches on the valuation of marine ecosystem services.

Bio-Economic Relationships between Climate Change and Fisheries (기후변화와 수산업의 관계에 관한 연구)

  • Park, Seong-Kwae;Kwon, Hyeok-Jun;Park, Jong-Wun;Cha, Cheol-Pyo
    • Journal of Fisheries and Marine Sciences Education
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    • v.22 no.3
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    • pp.388-401
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    • 2010
  • This research aims at analyzing impacts of climate change on fisheries. Climate change is an additional pressure on top of the many which fish stocks already experience. This implies that the impact of climate change must be evaluated in the context of other anthropogenic pressures, which often have a much greater and more immediate effect. Conversely, it is evident that fish stocks will be more resilient to climate impacts if the stresses due to other factors, such as over-fishing and pollution, are minimized. Improved management of fisheries and of marine ecosystems can undoubtedly play an important role in adapting to the impacts of climate change. Most of the improvements which are needed do not require new science or understanding, they require patient development of acceptable, effective, responsive social institutions and instruments for achieving adaptive management. Management advices must include complete and transparent information on risks and uncertainties which arise from data quality and from structural deficiencies in the assessment models. Well-designed and reliable monitoring of fish stocks and the marine ecosystem is essential in order to detect changes and give warning in advance of alterations in the productivity of individual species and of the structure and functioning of the ecosystem and fishery economy on which they depend.

Customer Participation Driven Sustainable Business Ecosystems (고객참여 기반의 지속가능한 비즈니스 생태계 조성)

  • Joo, Jae-Hun;Shin, Matthew Min-Suk
    • Journal of Distribution Science
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    • v.12 no.12
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    • pp.83-92
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    • 2014
  • Purpose - A business ecosystem refers to mutually dependent systems interconnected by a loose foundation of various ecosystem members such as customers, suppliers, partners, and other stakeholders. The ecosystem-based strategy attempts to achieve competitive advantage for firms by enriching a business ecosystem or building a sustainable business ecosystem through the collaboration and co-evolution of its members. A sustainable business ecosystem is a source of competitiveness for firms anda manageable resource for gaining a competitive advantage. Customers represent the core membership of the business ecosystem and play a pivotal role in building a sustainable business ecosystem. This study examines the effects of customer participation on economic and social value in the business ecosystem and suggests a course of action for building a sustainable business ecosystem. Research design, data, and methodology - Two business cases of South Korea are selected from two different business types: business-to-business (B2B) and business-to-customer (B2C) firms. Business ecosystems for B2B and B2C firms reflect contrasting characteristics. Data was collected from in-depth interviews with four representatives of four firms. Results - The study suggested seven propositions for the relationships between customer participation and a sustainable business ecosystem through multiple case studies based on in-depth interviews. The results reveal the following four strategic actions for building sustainable business ecosystems based on the suggested propositions: alignment, systemization, socialization, and co-evolution. Alignment refers to achieving a harmonic balance or virtuous circle among the firm's mission, investment, and value creation. Systemization refers to building and implementing management and infrastructure systems rooted in the corporate culture. Socialization of customers in the business ecosystem reinforces the harmony or virtuous cycle. Finally, co-evolution is associated with the relationship between firms and customers as buyer firms in a restricted business ecosystem. Conclusions - This study considers multiple cases for the execution of a sustainable business ecosystem in collaboration with customers and suggests seven propositions and four strategic actions. The results are based on qualitative data from interviews with business associates from two firms in an open business ecosystem and two firms in a restricted business ecosystem, both in South Korea. Our research results regarding two contrasting business ecosystems shed light on business issues and policy making in Asian business environments, which are in the transition stages from a traditional conglomerate-driven to an inclusive growth-driven economy. The business ecosystem itself should be considered a manageable resource for firms' competitive positions in the market. A customer is a member of the business ecosystem and should thus be viewed not only as a purchasing entity and an object of relationship management but also as a co-creator of value. Therefore, firms should collaborate with customers to build sustainable business ecosystems. For this, firms must create social value, which cannot be created by customers alone, within the business ecosystem. Then, customers participate in a business ecosystem and build it to be favorable to them. Implications for academics and practitioners were suggested.

Comparative Analysis of National Policies for Open Data Government Ecosystem (공공데이터 생태계 조성을 위한 주요 국가별 정책에 관한 비교 분석)

  • Song, Seokhyun;Lee, Jai Yong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.1
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    • pp.128-139
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    • 2018
  • As The Fourth Industrial Revolution and Intelligent Information Age came into full-scale, the policy of open government data has become a hot topic for each country. The United States, the United Kingdom, and other countries are shifting policy direction to "creating value" of open government data. Also, in the age of the digital economy where the data market is soaring, open government data is gradually being recognized as a new raw material for new business and start-ups. In addition, Korea ranked first in the OECD open government data evaluation twice in a row, and was highly evaluated in the international evaluation. However, domestic firms are still lacking in qualitative openness of government data, data is dispersed among institutions, lack of public-private data linkage, and development of app-oriented development. This study attempts to analyze major national policies for the creation of a data ecosystem that considers data lifecycle, from production to storage, distribution and utilization of data. First, the target countries were the leading public data countries among the OGP member countries, the USA, the UK, Australia and Canada. The results of this study are as follows. As a result of analyzing the results and comparing Korea's policies, it was concluded that most of Korea is superior in open government data policy. However, improvement of data quality, development of open data portal as an open platform, support for finding various users including apps and web development companies, and cultivation of open government data utilizing personnel are analyzed as policy issues. In addition, the direction of policy for the balanced ecosystem of Korea is presented together.

European Creator Economy's Web3.0 Business Model Case Study

  • Song, Minzheong
    • International journal of advanced smart convergence
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    • v.13 no.1
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    • pp.57-68
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    • 2024
  • In this paper, we are interested in how creator economy startups allowing creators to make money from doing that they love. So, we look at European creator economy startups among Web3.0 business model landscape surveyed in 2022, because the US is home of Web2.0 giant platforms like YouTube. Totally seventeen European startups are investigated, and the theoretical logic is the disruptive innovation. We firstly review the survey published in 2022 and utilize the theory of the disruptive innovation to design the research framework including questions with each type of the disruptive innovation. In this paper, we firstly show, Kalao and Gem as NFT ecosystem platforms aim at service convenience. Secondly, Talkbase, Passionfroot, Bildr, Customuse, and Earnr aim at providing creator tools for under-skilled customers. Lastly, when it comes direct monetization with a decentralized business model, CrowdPad, Admix, GOALS, Realm, Dropstar, Pianity, Sonomo, Stage11, Miiji, and ReadyPlayerMe are representative. Despite the relatively small data size, the results are meaningful as they contribute to a more profound comprehension of the Web3.0 business models and offer guidance for future research directions.

Integrated Platform on the Basis of Heterogeneous Data to Support the Establishment of an Innovative Ecosystem for National High-Performance Computing: Focusing on Life Science & Public Health Area (국가 초고성능컴퓨팅 혁신 생태계 구축 지원을 위한 이종데이터 기반 통합 플랫폼: 생명·보건분야를 중심으로)

  • Do-Yeon Lee;Myoung-Ju Koh;Jae-Gyoon Hahm;Keun-Hwan Kim
    • Journal of the Korean Society of Industry Convergence
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    • v.26 no.1
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    • pp.1-14
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    • 2023
  • To secure national future competitiveness, the Korean government announced the 『National Ultra-High Performance Computing (HPC) Innovation Strategy (2021.5.28.)』 and set three innovation strategy goals throughout establishing an innovation ecosystem. This study presented a heterogenous data-based strategic support framework that allowed to understand both the current status of domestic & foreign R&D areas and domestic industrial economy areas in terms of strategic fields related to ultra-high performance computing, and the empirical research was conducted in the life science and public health area. The HPC innovation ecosystem platform based on the connection of heterogeneous data (domestic R&D project-technology-industry-overseas R&D project) presented in this study provided useful and essential information that allowed establishing a specific action plan for the national HPC innovation strategy and contributing to vitalizing the innovation ecosystem. Since the evidence-based policy assumes that a more reasonable consensus is reached through a non-biased decision- making process among stakeholders, the proposed platform may contribute to enhancing policy momentum by increasing legitimacy and trust of planning of the national HPC strategy.

AI Platform Solution Service and Trends (글로벌 AI 플랫폼 솔루션 서비스와 발전 방향)

  • Lee, Kang-Yoon;Kim, Hye-rim;Kim, Jin-soo
    • The Journal of Bigdata
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    • v.2 no.2
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    • pp.9-16
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    • 2017
  • Global Platform Solution Company (aka Amazon, Google, MS, IBM) who has cloud platform, are driving AI and Big Data service on their cloud platform. It will dramatically change Enterprise business value chain and infrastructures in Supply Chain Management, Enterprise Resource Planning in Customer relationship Management. Enterprise are focusing the channel with customers and Business Partners and also changing their infrastructures to platform by integrating data. It will be Digital Transformation for decision support. AI and Deep learning technology are rapidly combined to their data driven platform, which supports mobile, social and big data. The collaboration of platform service with business partner and the customer will generate new ecosystem market and it will be the new way of enterprise revolution as a part of the 4th industrial revolution.

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Detection of Ecosystem Distribution Plants using Drone Hyperspectral Spectrum and Spectral Angle Mapper (드론 초분광 스펙트럼과 분광각매퍼를 적용한 생태계교란식물 탐지)

  • Kim, Yong-Suk
    • Journal of Environmental Science International
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    • v.30 no.2
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    • pp.173-184
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    • 2021
  • Ecological disturbance plants distributed throughout the country are causing a lot of damage to us directly or indirectly in terms of ecology, economy and health. These plants are not easy to manage and remove because they have a strong fertility, and it is very difficult to express them quantitatively. In this study, drone hyperspectral sensor data and Field spectroradiometer were acquired around the experimental area. In order to secure the quality accuracy of the drone hyperspectral image, GPS survey was performed, and a location accuracy of about 17cm was secured. Spectroscopic libraries were constructed for 7 kinds of plants in the experimental area using a Field spectroradiometer, and drone hyperspectral sensors were acquired in August and October, respectively. Spectral data for each plant were calculated from the acquired hyperspectral data, and spectral angles of 0.08 to 0.36 were derived. In most cases, good values of less than 0.5 were obtained, and Ambrosia trifida and Lactuca scariola, which are common in the experimental area, were extracted. As a result, it was found that about 29.6% of Ambrosia trifida and 31.5% of Lactuca scariola spread in October than in August. In the future, it is expected that better results can be obtained for the detection of ecosystem distribution plants if standardized indicators are calculated by constructing a precise spectral angle standard library based on more data.