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ABCD Technologies in the Fourth Industrial Revolution

In: The Competitiveness of Nations 3 Emerging Technologies in the Fourth Industrial Revolution

Author

Listed:
  • Dong-sung Cho
  • Hwy-chang Moon
  • Wenyan Yin
  • Minji Hong
  • Dilong Huang

Abstract

This chapter proposes four key foundational technologies in the era of the Fourth Industrial Revolution, collectively termed ABCD technologies: artificial intelligence, big data analytics, cloud computing, and digital technology. While the four technologies emerged independently across different time frames, they have become increasingly interwoven over time, driving the advent of new technologies. This chapter delves into the dynamics of their interplay and articulates their critical role in catalyzing a variety of emerging technologies. This study also highlights how their relevance differs across the emerging technologies, as illustrated by three examples: ChatGPT, the Internet of Things (IoT), and blockchains. Moreover, the study provides implications for both firms and policymakers on how to effectively leverage the four foundational technologies and respond to the fast-changing technology environment in the era of the Fourth Industrial Revolution and beyond.

Suggested Citation

  • Dong-sung Cho & Hwy-chang Moon & Wenyan Yin & Minji Hong & Dilong Huang, 2024. "ABCD Technologies in the Fourth Industrial Revolution," World Scientific Book Chapters, in: The Competitiveness of Nations 3 Emerging Technologies in the Fourth Industrial Revolution, chapter 6, pages 101-125, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811282232_0006
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    More about this item

    Keywords

    National Competitiveness; Government Policy; Business Environment; Firm Strategy; Locational Advantage; Competitive Advantage; International Business; Industry 4.0; Technology Management;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F1 - International Economics - - Trade

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