Computational knowledge economy

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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

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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

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* 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

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1. ^ Conrad Wolfram. "Driving towards the Computational Knowledge Economy" (PDF). Wolfram.com. Archived from the original (PDF) on 2016-10-27. Retrieved 2016-12-21.
2. ^ Conrad Wolfram. "Thinking Forward". Ldm.sagepub.com. Retrieved 2016-12-21.
3. ^ Jacobs, Frank (2 January 2013). "Reinventing Math for the Computational Knowledge Economy". Big Think. Retrieved 2016-12-21.
4. ^ "Thinking Forward: Conrad Wolfram on the Computational Knowledge Economy". HASTAC. Retrieved 2016-12-21.
5. ^ Daniel Araya (2016-01-11). "Education and underemployment in the age of machine intelligence | Brookings Institution". Brookings.edu. Retrieved 2016-12-21.
6. ^ "Fundamentally Reforming Maths Curriculum with Computer-Based Maths". Computerbasedmath.org. Retrieved 2016-12-21.

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