Computational knowledge economy
Topic: Finance
From HandWiki - Reading time: 5 min
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The computational knowledge economy is an economy 'where value is derived from the automated generation of knowledge.
The term was coined by Conrad Wolfram[1] to describe the extension to the knowledge economy caused by ubiquitous access to automated computation. Wolfram argues "The value- chain of knowledge is shifting. The question is not whether you have knowledge but know how to compute new knowledge from it, almost always applying computing power to help."[2]
Impact on education
It has been argued[3] that the skills needed by the computational knowledge economy are radically different, needing an emphasis on coding, math and computational thinking.[4] In his book Education in the Creative Economy ISBN 978-1433107443 Daniel Araya has argued that "as this "computational knowledge economy expands and matures, it is facilitating deep structural changes in the U.S. labor force"[5]
Projects such as Computer-Based Math are attempting to rethink school curricula to prepare for the computational knowledge economy [6]
See also
- Digital economy
- Information economy
- Smart city
- Internet economy
- Knowledge market
- Knowledge organization
- Knowledge Revolution
- Knowledge tagging
- Knowledge value chain
- Learning economy
- Network economy
- Productivity improving technologies (historical)
References
- ↑ Conrad Wolfram. "Driving towards the Computational Knowledge Economy". http://www.wolfram.com/wkf2009/ComputationalKnowledgeEconomy.pdf. Retrieved 2016-12-21.
- ↑ Conrad Wolfram. "Thinking Forward". http://ldm.sagepub.com/content/10/3/324.full.pdf+html. Retrieved 2016-12-21.
- ↑ Jacobs, Frank (2 January 2013). "Reinventing Math for the Computational Knowledge Economy". Big Think. http://bigthink.com/think-tank/we-need-rock-star-math-teachers. Retrieved 2016-12-21.
- ↑ "Thinking Forward: Conrad Wolfram on the Computational Knowledge Economy". HASTAC. https://www.hastac.org/blogs/danielaraya/2012/04/16/thinking-forward-conrad-wolfram-computational-knowledge-economy. Retrieved 2016-12-21.
- ↑ Daniel Araya (2016-01-11). "Education and underemployment in the age of machine intelligence | Brookings Institution". https://www.brookings.edu/blog/brown-center-chalkboard/2016/01/11/education-and-underemployment-in-the-age-of-machine-intelligence. Retrieved 2016-12-21.
- ↑ "Fundamentally Reforming Maths Curriculum with Computer-Based Maths". https://www.computerbasedmath.org/resources/reforming-math-curriculum-with-computers.php. Retrieved 2016-12-21.
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