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Workshop on Knowledge Based Economies

Workshop on Knowledge Based Economies. Delivered by: Dr Amit Mitra, Department of Informatics & Sensors, Cranfield University, Shrivenham, Swindon SN6 8LA, UK. Significance of knowledge economy. Growth and trade of countries and societies are no longer primarily dependent on manufacturing

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Workshop on Knowledge Based Economies

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  1. Workshop on Knowledge Based Economies Delivered by: Dr Amit Mitra, Department of Informatics & Sensors, Cranfield University, Shrivenham, Swindon SN6 8LA, UK

  2. Significance of knowledge economy • Growth and trade of countries and societies are no longer primarily dependent on manufacturing • The exponential influence of the internet today is persuading businesses/organisations to have an internet presence • This is leading businesses/organisations to re-examine what is being offered from two perspectives, i.e., know why and know how • Units, institutions and in the end societies therefore are beginning to re-evaluate and alter what they are able to offer

  3. Knowledge connotations • Capacity for effective action – Karl Erik Sveiby • Justified belief that increases an entity’s capacity for effective action – Ikujiro Nonaka • Knowledge is information that changes something or somebody – either by becoming grounds for action, or by making individual (or an institution) capable of different or more effective action – Peter Drucker

  4. Accepted contributors to knowledge based economic growth • Economic and institutional regime • Education • Innovation • ICT

  5. Evaluation of contributions to KBE using traditional cycle of information management Data Hypothesis Information Knowledge

  6. Expectations of KB society

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