Cyber-Physical Systems as a New Frontier for Economic Security: The Impact of Advanced Data Capturing and Networking Technology on National Economies

Abstract

This study investigates the burgeoning interface between cyber-physical systems (CPS) and economic security, a vital yet underexplored domain. With the advent of sophisticated data capturing and networking technology, the paradigm within which national economies operate is shifting. This research delineates the ramifications of such technologies on economic stability, employment trends, and national gross domestic product (GDP), alongside the emergent cybersecurity implications. The methodology encompasses a cross-sectional analysis of various economies that have adopted CPS at differing scales and capacities. Through quantitative data, the study reveals trends and patterns in economic performance metrics post-adoption of advanced data capturing and networking infrastructures. Complementarily, qualitative assessments from expert interviews offer insights into the broader economic and security implications. Preliminary findings suggest that the integration of CPS correlates with a multifaceted impact on economic security, including the creation of new industries and the obsolescence of traditional sectors. A notable rise in efficiency and productivity across industries utilizing CPS is counterbalanced by the challenges of increased cybersecurity threats and job market disruptions. The study contributes to the discourse on economic security by framing CPS adoption not just as a technological upgrade but as a critical economic event with widespread and significant consequences.