Discuss the role of artificial intelligence (AI), Internet of Things (IoT), and Cloud Computing in driving the digitaleconomy. Provide examples of how each of these technologies is used in the industry, and discuss their benefits andlimitations

Step 1: Artificial Intelligence (AI), Internet of Things (IoT), and Cloud Computing are key drivers…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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I do not fully agree that companies exist entirely in their own right or are unequivocally the most important organizations in the world. While companies are legally distinct entities that can own assets, make decisions and be held accountable, they are still comprised of and directed by individuals. At their core, companies only exist as a means to coordinate economic activity among people. There are reasonable arguments that companies play a hugely influential economic and social role globally. However, I would hesitate to say they are unambiguously more important than organizations like governments, non-profits or international institutions that are focused on issues like human rights, health, education and environmental protection. Companies operate to generate profit and shareholder value, which does not always align with the broader interests of society. Therefore, other organizations are still needed to regulate markets and address challenges that private industry may not…
Discuss any five key criteria for a city to be considered a “City of Opportunity”.
Question 9: Doctrow uses the following terms to describe; People who make creative works A Audiences B Intermediaries C Creators D Investors
Discuss the following basic elements of participatory community economic analysis: The community is viewed as a tool for action The community’s initiative and leadership rather than externally imposed orders, are resource for change. • Local citizens take up the leadership position. The identification, encouragement and training of local leadership are basic objectives. • The community can use both internal and external resources to achieve change, drawing on its own strength and capabilities and looking beyond its boundaries for extra resources. • The participation of citizens within the community should be as inclusive as possible. Although not all citizens need to participate, inclusive participation means that all segments in a community are given an opportunity and are actively encouraged to participate. • Community development and community economic analysis indirectly assume a democratic political system where people have an opportunity to express their preferences. •…
Technology and innovation are continuously introducing changes in our society. Provide advantages and disadvantages of the significant and noticeable changes nationally and internationally that have been brought by the following: Disruptive services i.e., Uber, Airbnb; WhatsApp, Instagram Solution Guide What is the impact of these services in our society? Elaborate on the disruptive behavior brought by the above- mentioned services in the society? What is the future impact of these services?
We can map the benefits from changes in products/service offerings, process changes, or position innovations on a business model framework. True False
The circular economy means:a) keep and use resources as long as possible, then recover and regenerate to the maximum possible value at end of service life.b) meet the needs of the present without compromising the ability of future generations to meet their needs. c) appropriately allocating scarce resources to make a profit.d) globalization has led to a "borderless" economy.c) focus on production design, production process, logistics, and end-of-life value.
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Discuss the role of artificial intelligence (AI), Internet of Things (IoT), and Cloud Computing in driving the digital economy. Provide examples of how each of these technologies is used in the industry, and discuss their benefits and limitations