Skip to main content

Knowledge Society leads to Knowledge Economy

 

Knowledge Society leads to Knowledge Economy



Due to rapid #advancements in various #technologies, #globalization and efficient #communication #networks during 21st century, the concept of  #knowledge #Society has picked up fresh momentum. Knowledge Society (KS) lays more emphasis on the #quality #education, applied #research, #innovations and maximum use of #ICT (Information, Communication and Technology). KS relies on producing, #acquiring, #processing, and #distributing knowledge/information as primary resource for #economic growth. KS uses knowledge of its workforce (#Intellectual # Capital) as an engine for growth.  This is a significant departure from traditional concept of economic growth based mainly on #natural resources,# physical material, and labor-intensive industries. In KS, both Information and Knowledge are considered #critical resources, where knowledge workforce and organizations work cohesively to #acquire, #create, #maintain and #share knowledge freely. However, such #work #environment necessitates quality education which is #industry #aligned, and workers are inspired to gain more knowledge through #continuous #learning and #up-skilling. These knowledge workers are willing to share their #knowledge/ #expertise and #collaborate with others for # research and #innovations. This creates win-win situation to #enhance #productivity, #efficiency and #growth of all participating individuals/organizations. The knowledge society is a necessary step forward for a nation to become #knowledge #Economy (KE) and achieve status for #global business participation. For a KS to contribute to KE, the governments both at state and center level have a big role to play. Government supported public Private Participation (#PPP) ensures #sustainable #development, social inclusion, and human #well-being of the whole nation.

In KS, most of the jobs are related to knowledge/ information and its workforce is knowledge- workers who all are technology savvy.  The knowledge workforce of KS do lateral thinking to explore new ideas for innovation, problem solving and provide cost-efficient and enduring solutions. They are open-minded and enthusiastic to network with others for knowledge sharing. They seek happiness in validating new ideas though experimenting and risk taking. These knowledge workers support various initiatives taken by their organization and thus form the Intellectual Property (IP) of their organization. They also support various initiatives and schemes launched by their governments at state/ center level. This helps in nation building and wealth creation. Thus, Knowledge workers are the biggest asset of any KS and human wealth of the nation. As “Steam Power” was the technology supporting our earlier  industrial society, so is the Information Technology (IT) acting as the catalyst  for knowledge society in 21s century, This is bringing changes in  our work environment, organization structures , business practices, societal structure and politics.

Information . In digital age, information is the lifeline of every organization. We all know that information is the processed data, which is needed for decision-making and for various required actions. Today Information relates to Human Knowledge (Natural Intelligence), Artificial Intelligence (AI), Machine Learning (ML), Drones, Robotics and Internet of Things (IoT). In most of the intelligent equipment/ machinery, information acts both as input as well as output. Information can also be stored in chips / micro-processors and embedded in various instruments, equipment, machinery, surveillance system and navigation systems. The information (embedded software code) gets activated when triggered by an expected internal/external input. Once the embedded code gets triggered, it performs required action as programmed and stored in the sensor/ micro-controller of the equipment/machinery. Today, we have many Knowledge Based Systems (KBS) like UAVs / Drones, Guided Weapons, Intelligent Mines, Smart Ammunition, Guided Missiles, ICBMs and navigation systems.

Society .  A society is a community of people who have some common cause to follow, like various norms, customs, cultures and law of their country. They gain knowledge through their formal education in schools, colleges and universities, reading Books, White papers, Blogs, Technical publications and User Manuals/Instructions. They also gain knowledge through observation and on-the-job learning, in their organization and by having interaction with others during seminars, symposiums and conferences.  Cumulatively, they gain knowledge through own experience and from experience of other professionals. People undertake various jobs as per their qualification and experience and perform assigned task efficiently by, using their knowledge.

Information , Communication and Technology ( ICT). The proficiency in ICT is the ability of people to properly use computing technology and communication networks to solve information related problems and assist efficient functioning of Information Society. ICT forms an essential resource for emerging Digital Economies (DEs) and Knowledge Economies (KEs). In the last 10 years, most developing countries in the world have introduced ICT curriculum in their schools, colleges, and universities. This has helped in accelerating their automation in various fields and enhancing productivity, quality and efficiency in their many organizations. With liberal approach to import and export of goods and technologies, ICT has also helped many countries in nation building and doing business in global market.

Information Society (IS). There is no fixed definition of Information Society. However, some experts consider Information Societies are those people (knowledge workers) who use ICT for their economic, social, cultural and political transformation. These knowledge workers deal with data collection, converting data into information, storing data/information in a powerful central knowledge Management System (KMS). This knowledge is used subsequently for timely and well-informed decision-making. Knowledge workers also deal with integration of various blocks of information for usage by other people, within and outside their organization, This helps in automation of various business transactions. These knowledge workers provide support for secured and faster exchange of accurate and timely business information, among its authorized participants.

Boost to ICT. In 2005, conference of some developing Nations was held in Tunis, where maximum use of ICT for boosting their economies was stressed. It was emphasized that sufficient funds should be allocated for ICT initiatives and automation. All participants unanimously agreed to ensure sufficient financial support for their ICT based projects / initiatives and speed up their development through e-governance.  The shortage of ICT experts for carrying out various ICT activities was well recognized. To mitigate this problem, it was recommended that all organizations should have few knowledge workers (star performers), to handle complex problems, while remaining work could be distributed among other available workforce. Fortunately, since 2010, lot of progress has been made in maximizing use of ICT by many developing nations where India is the leader.

As computing and communication technologies continue to advance rapidly and become more affordable, more and more organizations have started sharing their business information and grow faster, following win-win strategy. With cloud computing becoming more secure and affordable, geographical physical boundaries have disappeared. People can now work on 24x7 basis, since time- zone has become a boon, instead of being a limitation.  As a result ,  by 2015, ICT model has been successfully adopted by  most Business Organizations, Manufacturing  facilities, Warehouse Management,  Educational  Institutes ,   Healthcare institutes , Transportation system, Agriculture, Construction companies, Surveying and Exploration organizations, Government Departments( e-Governance) , R&D organizations and  Defence sector. 

Knowledge Society (KS).  Nico Stehr (1994, 2002), says that in KS, a majority of jobs involve working with knowledge. He observed that the economy of a KS is driven not by material inputs, but by symbols, figures, codes or knowledge-based inputs. In fact, knowledge is the central resource in the KS. KS essentially comprises of people/organizations of various disciplines, which use emerging (new) technologies for acquiring, storing, organizing, accessing and analyzing data /information for  and taking appropriate and timely action. In a decision–makingknowledge Society, the main focus is to continuously acquire new knowledge and share it speedily and efficiently among their workforce, customers, vendors, business partners and stakeholders.

knowledge Society Vs Industrial Society

·    An Industrial Society gives more importance to physical resources like raw materials , machinery and human workforce. On the other hand, a Knowledge Society gives more importance to its Intelligence Capital(IC) which is knowledge of its workforce. 

·        Industrial Society relies on mass production, manufacturing, marketing /selling and transporting of goods for its economic growth. KS relies on acquiring, generating, maintaining and exchanging of knowledge among one- to- many and many-to-manyone-to-many. In a knowledge society, intangible assets such as information, expertise, and innovation are more important.

·      In an industrial society, organizations generally have hierarchical structures , top-down decision-making  and structured information flow, on need basis. On the other hand, in a knowledge society, collaboration, networking, free flow of information, decentralized decision-making, incentivized research and innovation are encouraged.

·    In an industrial society, primary focus of education is on imparting specific skills for employment On the other hand, knowledge society, gives importance to lateral thinking, critical thinking, lifelong learning and validating / experimenting.

Knowledge Society Vs Information Society.  Knowledge society and Information are two different things. Knowledge Society transforms information into resources that allow society to take effective action. .On the other hand, the Information Society generally collects , creates and distribute data / information. In knowledge society, knowledge is transformed into a commodity and transacted within and outside the country for wealth creation / growth of their organization / country.  

Components of Knowledge Society, UNESCO, has identified following four important components of Knowledge Society:

·         Cultural and Linguistic Diversity.  In a knowledge society, they respect cultural and linguistic diversity which promotes mutual understanding. It also facilitates sharing of knowledge and ideas among participating teams/organizations/nations.

·         Freedom of Expression. In a knowledge society, individuals can freely express their opinions and ideas, while participating in any conference/seminar or public meeting.

·       Quality Education. In a knowledge society, industry aligned education is a lifelong learning, which is affordable and accessible to all. Providing quality education to all individuals, regardless of their background, is a major responsibility of every government. Quality education enables individuals to acquire newer skills and knowledge which are necessary to participate actively and effectively in any knowledge-based initiative of the government.

·         Easy and Knowledge Access to Information and Knowledge. In a knowledge Society, all individuals should have easy access to information and knowledge, regardless of their socioeconomic status, geographic location, or cultural background. This promotes inclusiveness and wider participation.

Benefits of Knowledge  Society.  Its knowledge workers are well recognized for their knowledge/ skills/ talent and are well respected worldwide. This provides them many opportunities for jobs and living quality life.  In  knowledge Society, access to Information and knowledge becomes more easy and affordable. This helps individuals to make timely and well-informeda  decisions.  These knowledgeable workers can easily and continuously learn more to widen their intellectual horizons, and participate actively in social, economic, and political spheres.  Some main befits are given below:

·      Collaboration and Networkingthe . Knowledge Society encourages exchange of ideas, networking , exchange of expertise    trans-disciplinary research and innovations ,

·         Employability.  Knowledge Society lays great e emphasis on industry- aligned education and lifelong learning.  Such a curriculum helps in professional development of students and enhances their employability.

·         Global inter-connectivity A knowledge Society respects and encourages networking,  sharing , cultural diversity, tolerance.. This helps in promoting a sense of global inter-connectivity and a feeling of working in one large global village.

·         High-skilled job opportunities.  Knowledge based industries and services helps in faster growth and competitiveness. High skilled workers will be in great demand and find easy to migrate   for better job opportunities in developed nations like USA, Canada, UK, Germany, Australia and Japan.  Business organization of leading countries would like to invest and create high-skilled job opportunities in countries which have knowledge society

·         Research and Innovation.  Knowledge Society provides incentives for industry-academia collaboration and, Public Private Participation (PPP). This leads to creativity, and problem-solving which in turn facilitates technological advancements, scientific breakthroughs, and innovation.

Summary, A knowledge Society is a society that places high value on quality education, applied research, innovation, and information technologies. It relies on acquiring, producing, processing, and distributing knowledge and information as the primary resource of economic and social development.  In knowledge society, creation, maintaining, utilization and sharing of knowledge are the most important factors for growth of individuals, organization and nation as a whole. Being a knowledge Society is the right step for becoming Knowledge Economy. KS provides global recognition /respect and helps economic growth and development of a nation. It accelerates industry aligned education, domestic/ global collaboration for research and innovation. It enhances productivity, quality, efficiency across various sectors by emphasizing on generation, application and sharing of knowledge of its educationists, scientists, research scholars , engineers, doctors, nurses, designers, advertising and marketing/sale  experts.  In a knowledge society, the government gives priority to investments in research and development, education, healthcare and technology. This helps in advancements in science, technology and innovations to create new products/services and ensure economic competitive edge. All progressive organizations must adopt knowledge-based strategies to, stay ahead and capture bigger share of global market. Today, with availability of knowledge-based industries and affordable and high speed communication network services, knowledge society can enhance productivity and quality.  It is now well recognized that, knowledge Society is the real growth engine for emerging knowledge Economies.  As we are in the middle of Industrial Revolution (IR4.0), we need to go with the flow and gear up to take maximum advantage of emerging technologies and knowledge sharing.

 

Comments

Popular posts from this blog

Internet of Things (IoT) for Economic Growth and Career Success

                                  “ Early adopting of Emerging Technologies is the engine for Growth and Carrier Succes s” The Internet of Things (IoT) is the extension of Internet connectivity with electro-mechanical devices like smartphone, digital camera, driverless cars, drones, robots and household appliances embedded with sensors and actuators.  It also includes vehicles, animals, birds that are provided with Unique Identifiers (UIDs) and have the ability to transfer data over the Internet, without requiring human-computer interaction . Various embedded software systems, wireless sensor networks, control systems, industrial automation, AI/IT-enabled homes and buildings and many other electronic gadgets/devices contribute to the IoT environment.  One simple example is an App Life 360 which allows two or more smartphones to globally track one another. This App helps for ...

Artificial Intelligence for Productivity, Efficiency and Career Success

Artificial Intelligence (AI) relates to how we observe, feel, learn, reason and act. This is transforming entire systems of production, management, healthcare, and governance.   Due to exponential growth in data processing power, AI is continuing to gain momentum in Medical Diagnostics (MD), Machine Learning (ML), Deep Learning (DL), document   retrieval and processing, Business Intelligence (BI), Industrial Automation, Research & Development (R&D). Particularly, in the last 10 years, AI has picked up a fast pace in innovation and application in many fields. It has a great significance in fast developing Digital World. AI is based on well-designed algorithms by a team of experts from multi-disciplinary areas and it is stored in the equipment/device as embedded   software . AI is no more a threat to jobs and instead, it is becoming the lifeline of every organization. It is therefore essential for the top management and all staff to be fully acquainted with AI ....

Ride Technology Wave for Rising in Career

“ You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”   -  R. Buckminster Fuller The technology revolution sweeping across the globe at a great speed is also termed as a 4 th  Industrial Revolution or Industry 4.0 (Short form I4.0). This is indeed transforming manufacturing and production processes, empowering better and faster decision making and global reach on a 24x7 basis for marketing and sale. The countries like South Korea, Singapore, Germany, Japan and the USA have taken a great leap forward and introducing state-of-the-art technology. India though 6 th  largest manufacturing country, it lags behind in introducing Robotics and AI in its industries.  However, during 2017-2018 India has taken a big leap forward to maximize use of technology in manufacturing and ensure that manufacturing sector contributes 25% of Indian GDP by 2022.   Some ...