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Information Communication & Computation Technology (ICCT) as a Strategic Tool for Industry Sectors

Author

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  • Aithal, Sreeramana
  • L. M., Madhushree

Abstract

Information Communication and Computation Technology (ICCT) and Nanotechnology (NT) are recently identified Universal technologies of the 21st century and are expected to substantially contribute to the development of the society by solving the basic needs, advanced wants, and dreamy desires of human beings. In this paper, the possibilities of using ICCT and its underlying ten most important emerging technologies like Artificial intelligence, Big data & business analytics, Cloud computing, Digital marketing, 3D printing, Internet of Things, Online ubiquitous education, Optical computing, Storage technology, and Virtual & Augmented Reality are explored. The emerging trends of applications of the above underlying technologies of ICCT in the primary, secondary, tertiary and quaternary industry sectors of the society are discussed, analysed, and predicted using a newly developed predictive analysis model. The advantages, benefits, constraints, and disadvantages of such technologies to fulfill the desires of human beings to lead luxurious and comfort lifestyle from various stakeholders point of views are identified and discussed. The paper also focuses on the potential applications of ICCT as a strategic tool for survival, sustainability, differentiation, and development of various primary, secondary, tertiary, and quaternary industries.

Suggested Citation

  • Aithal, Sreeramana & L. M., Madhushree, 2019. "Information Communication & Computation Technology (ICCT) as a Strategic Tool for Industry Sectors," MPRA Paper 105619, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:105619
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    File URL: https://mpra.ub.uni-muenchen.de/105619/1/MPRA_paper_105619.pdf
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    References listed on IDEAS

    as
    1. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2015. "A Review on Anticipated Breakthrough Technologies of 21st Century," MPRA Paper 71382, University Library of Munich, Germany.
    2. Keith H Coble & Ashok K Mishra & Shannon Ferrell & Terry Griffin, 2018. "Big Data in Agriculture: A Challenge for the Future," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 40(1), pages 79-96.
    3. Shorouq Fathi Eletter & Saad Ghaleb Yaseen & Ghaleb Awad Elrefae, 2010. "Neuro-Based Artificial Intelligence Model for Loan Decisions," American Journal of Economics and Business Administration, Science Publications, vol. 2(1), pages 27-34, March.
    4. Kaushalesh Lal, 2007. "E-business and Manufacturing Sector: A Study of Small and Medium-sized Enterprises in India," Palgrave Macmillan Books, in: Information and Communication Technologies in the Context of Globalization, chapter 2, pages 16-33, Palgrave Macmillan.
    5. Aithal, Sreeramana, 2016. "The concept of Ideal Strategy and its realization using White Ocean Mixed Strategy," MPRA Paper 71770, University Library of Munich, Germany.
    6. Aithal, Sreeramana, 2016. "Review on Various Ideal System Models Used to Improve the Characteristics of Practical Systems," MPRA Paper 74395, University Library of Munich, Germany, revised 20 Sep 2016.
    7. Maryann P. Feldman & Iryna Lendel, 2010. "Under the Lens: The Geography of Optical Science as an Emerging Industry," Economic Geography, Clark University, vol. 86(2), pages 147-171, April.
    8. Schniederjans, Dara G., 2017. "Adoption of 3D-printing technologies in manufacturing: A survey analysis," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 287-298.
    9. Maryann P. Feldman & Iryna Lendel, 2010. "Under the Lens: The Geography of Optical Science as an Emerging Industry," Economic Geography, Taylor & Francis Journals, vol. 86(2), pages 147-171, April.
    10. Wang, Yichuan & Kung, LeeAnn & Byrd, Terry Anthony, 2018. "Big data analytics: Understanding its capabilities and potential benefits for healthcare organizations," Technological Forecasting and Social Change, Elsevier, vol. 126(C), pages 3-13.
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    Cited by:

    1. Aithal, Sreeramana, 2021. "Business Excellence through the Theory of Accountability," MPRA Paper 107894, University Library of Munich, Germany, revised 15 May 2021.

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    More about this item

    Keywords

    ICCT; Universal technology; Emerging trends; Information science & technology; Industry sectors; ICCT as a strategic tool;
    All these keywords.

    JEL classification:

    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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