Technology, Innovation, Education
Advances in technology and innovation are the driving forces behind the growth and sustainability of prosperity in our increasingly knowledge-based society. In this context, the ongoing digitisation of the economy and the related change in economic and societal processes are particularly important. The Sectors, Technology, Resources Team analyses these structural relationships.
Crowdfunding /-investing
Crowdfunding: Does crowd euphoria impair risk consciousness?
From the standpoint of potential company founders, an inadequate supply of funding is a key issue especially in a start-up's early phases. Therefore, we welcome the efforts of the crowdfunding movement from an economic perspective, particularly with regard to growth. However, there is an urgent need for action aimed at eliminating the existing information asymmetries and conflicts of interest between company founders, funding platforms and investors. [more]
Data sovereignty
Data sovereignty out of balance
I use the internet every day, at work and at home. Routine actions, performed using the latest web-based technology, make my life much easier. Every click on an online portal, every voice command to a mobile device and each use of GPS saves me valuable time and search costs. Many internet services increase my efficiency, my productivity and my level of comfort on a daily basis. And my consumption continues unabated, at least for the time being. But these internet services are not really free, in fact they come at a considerable price. Although it does not cost me any money to access them, I am still paying, by more or less voluntarily providing my personal digital data. [more]
Come on you (digital) inventors and entrepreneurs!
The opportunities provided by digital structural change are being talked up heavily, and the shape they will take over the long term can only be guessed at. Today, everyone can participate interactively in digital spaces as long as they have access to the internet. Flexible and varied relationships are formed between people and their diverse identities in the online and offline worlds. Experimental forms of participation and collaboration will become more important in the medium term, which will continually influence the value creation process in many firms. Digitalisation is thus changing our social and economic lives as well as the way that we interact with one another and how we (have to learn to) handle (personal) data in future. [more]
On the record
Professor Stefan Wrobel on the significance of big data, opportunities, risks and future challenges
„... Big data does not represent a short-term trend but rather a fundamental change in our way of thinking. Whereas data used to be no more than the necessary raw material for business, it now is a value in its own right and promotes the development of new ideas and business models. For companies, this offers opportunities not only for individual tasks but also regarding their general orientation....” [more]
Talking Point
Media: New offers and suppliers change business from scratch
For a long time, technological progress in the world of media has surpassed the improved image display via screen diagonal or contrast by far. This is not only shown by the gadgets which the TV viewer may use for his or her personal analysis of the games of the FIFA Football World Cup. This opens completely new opportunities and business models for the large field of visual media. More and more, media use is currently understood as a location-, time- and device-independent option with the possibility of personalisation and interaction. Thus, television viewers, who were previously condemned to passivity, now have the option to compose their own programmes and watch at times convenient to them. [more]
Industry 4.0
Industry 4.0: Upgrading of Germany’s industrial capabilities on the horizon
Industry 4.0 will upgrade Germany as an industrial location by bringing on the fourth industrial revolution. With trade flows becoming increasingly internationally interlinked, the aspects associated with Industry 4.0 of automation, more flexible processes as well as horizontal and vertical integration will become more and more important features of a modern, competitive production structure. Especially for Germany with its particularly favourable basic conditions, Industry 4.0 provides the long-term major opportunity to consolidate the country's leading position in the competitive global marketplace – also relative to the fast-growing emerging markets. [more]
Spotlight on Germany
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