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What is Technological Revolution

Global Virtual Enterprises in Cloud Computing Environments
When in a short period of time a technology or a set of technologies replaces another technology or a set of technologies, it is called a technological revolution.
Published in Chapter:
Digital Economy, Business Models, and Cloud Computing
Abbas Strømmen-Bakhtiar (Nord University, Norway)
Copyright: © 2019 |Pages: 26
DOI: 10.4018/978-1-5225-3182-1.ch002
From the invention of writing to the steam engine and to computers, human history has been one of technological inventions and change. In our relatively recent past we have witnessed several technological revolutions which rapidly replaced one set of technologies by another, and in the process created what Schumpeter called the creative destruction. Today, we are witnessing a technological revolution that is changing the way we live, work, and communicate. We call this the digital revolution which brings with it new technologies, methods, and business models. This chapter discusses the digital revolution and the platform business model. This business model is used by many “sharing economy” businesses such as Airbnb and Uber. The success of this business model is dependent on the rapid expansion of its user-base. This business model requires infrastructure and applications that can cope with this rapid expansion. Cloud computing has been providing these services.
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Technological Revolution in Financial Intermediation
A modern industrial and technological revolution is known as “digital revolution” – mass introduction of big data and computer technologies.
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The Digital Divide in Education in the Knowledge Society
Process of social change that transformed the social, labour and educational relationships in what has been denominated as the “knowledge and information society.”
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Teaching for Wisdom in a Changing Educational Landscape: A Learning Ecosystem Approach
Technological revolution is the rapid and significant change in technology. Advances in artificial intelligence, robotics, biotechnology, and other emerging technologies are driving the current technological revolution.
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