Emergence Of New Industries Research Articles

Methanogenesis—General Principles and Application in Wastewater Remediation

The first discovery of methanogens led to the formation of a new domain of life known as Archaea. The Archaea domain exhibits properties vastly different from previously known Bacteria and Eucarya domains. However, for a certain multi-step process, a syntrophic relationship between organisms from all domains is needed. This process is called methanogenesis and is defined as the biological production of methane. Different methanogenic pathways prevail depending on substrate availability and the employed order of methanogenic Archaea. Most methanogens reduce carbon dioxide to methane with hydrogen through a hydrogenotrophic pathway. For hydrogen activation, a group of enzymes called hydrogenases is required. Regardless of the methanogenic pathway, electrons are carried between microorganisms by hydrogen. Naturally occurring processes, such as methanogenesis, can be engineered for industrial use. With the growth and emergence of new industries, the amount of produced industrial waste is an ever-growing environmental problem. For successful wastewater remediation, a syntrophic correlation between various microorganisms is needed. The composition of microorganisms depends on wastewater type, organic loading rates, anaerobic reactor design, pH, and temperature. The last step of anaerobic wastewater treatment is production of biomethane by methanogenesis, which is thought to be a cost-effective means of energy production for this renewable biogas.

Pengaruh Transformasi Struktural dan Pertumbuhan Ekonomi terhadap Ketimpangan Pendapatan di Sulawesi Tenggara

Economic development basically focuses its attention on the process of changing the underdeveloped economic structure so as to enable the emergence of new industries to replace the agricultural sector as the driving force of economic growth. The industrial sector has the largest contribution to the formation of the Gross Regional Domestic Product in Southeast Sulawesi Province. However, when considering employment absorption by sector, the concentration of labor absorption remains focused on the agriculture and services sectors. The industrial sector has the smallest share in terms of employment absorption among sectors in Southeast Sulawesi Province. The aim of this research is to analyze the influence of structural transformation and economic growth on income inequality in Southeast Sulawesi Province. The method used is panel data regression analysis. Research findings show that the transformation of the industrial sector, the transformation of the industrial sector without mining, and economic growth have a negative impact on income inequality. Meanwhile, the service sector transformation variable and economic growth without the mining subsector have a positive impact on increasing income inequality in Southeast Sulawesi Province.

The Role of Artificial Intelligence Technology in Promoting Socio-Economic Development

This paper comprehensively examines the pivotal role of artificial intelligence (AI) technology in promoting socio-economic development. It commences by introducing the rapid advancements and current status of AI technology, which has permeated diverse industries through breakthroughs in big data, cloud computing, and deep learning. The paper highlights AI’s contributions to economic growth by enhancing production efficiency (e.g., 45% increase in efficiency through automation), optimizing resource allocation (25% raw material utilization improvement), and fostering innovative business models such as personalized customization and intelligent supply chain management. AI also fosters the emergence of new industries (intelligent medicine, education, finance) and creates substantial job opportunities directly for data scientists and algorithm engineers, and indirectly through driving related industries. Furthermore, AI facilitates industrial upgrading, transforming manufacturing into smart manufacturing, enhancing service quality in industries like retail, and modernizing agriculture with smart equipment. A case study on Chongqing Soft River Turing AI Technology Co., Ltd. showcases AI’s practical applications and corporate competitiveness enhancement. Overall, the paper underscores AI’s significance in economic growth, job creation, and industry transformation, while acknowledging challenges like data privacy and job displacement, emphasizing the need for strategic policy guidance and regulation.

Psitrum: An open source simulator for universal quantum computers

AbstractQuantum computing is a radical new paradigm for a technology that is capable to revolutionise information processing. Simulators of universal quantum computer are important for understanding the basic principles and operations of the current noisy intermediate‐scale quantum processors, and for building in future fault‐tolerant quantum computers. As next‐generation quantum technologies continue to advance, it is crucial to address the impact on education and training in quantum physics. The emergence of new industries driven by progress in quantum computing and simulation will create a demand for a specialised quantum workforce. In response to these challenges, the authors present Psitrum, an open‐source simulator for universal quantum computers. Psitrum serves as a powerful educational and research tool, enabling a diverse range of stakeholders to understand the fundamental principles and operations of quantum systems. By offering a comprehensive platform for emulating and debugging quantum algorithms through quantum circuits, Psitrum aids in the exploration and analysis of various quantum applications using both MATLAB and MATLAB application programming interface to use the software on other platforms. Psitrum software and source codes are fully available at GitHub.

The Transformative Role of Fintech in Modern Business Organizations: A Comprehensive Analysis

The power of Fintech has been growing rapidly, and it has become a world of choice for small,medium-sized and large enterprises.Fintech enterprises facilitate consumers' access to an extensive array of financial alternatives, such as business loans via digital platforms.The adoption of Fintech among SMEs is 25% globally, leaving plenty of room for growth.Small businesses may now handle their finances more easily and affordably thanks to fintech developments, which frequently provide more cheap alternatives to traditional banking services. Small businesses can leverage financial technology to enhance customer service, reduce costs, and streamline operations with the help of fintech..The impact of Fintech on small and large businesses is significant and multi-faceted.Fintech has completely changed how companies handle their money, carry out financial transactions, and obtain capital (Bulkhairova et al., 2023). It has provided small businesses with access to affordable and convenient financial services,leveling the playing field with larger companies. Furthermore, Fintech has streamlined and automated various financial processes, saving businesses time and resources. Additionally, Fintech has facilitated the development of innovative business models and the emergence of new industries. It has fostered financial inclusion by reaching underserved populations and facilitating access to banking services. Overall, Fintech has proven to be a transformative force for businesses of all sizes, offering a wide range of benefits and opportunities. Fintech is of utmost importance for both small and large scale businesses. In recent years, thanks to technological innovations , Fintech's interaction with finance is quickly altering how traditional financial services are offered, significantly impacting banks activities . Furthermore, Fintech is increasingly impacting the real economy,stimulating the modernization of financial business . It is clear that Fintech plays a crucial role in the growth and success of both small and large scale businesses. Not only does Fintech provide small and large businesses with access to affordable and convenient financial services, it also streamlines financial processes, saves time and resources, fosters innovation, and promotes financial inclusion (Sembiring et al., 2022). Keywords :fintech; small-scale businesses; large-scale businesses; financial technology; traditional financial services;banks' activities; disruptive force; alternative source of credit

THE ROLE OF ARTIFICIAL INTELLIGENCE IN THE FUTURE OF BUSINESS EDUCATION

The paper aims to showcase the technological advancements in artificial intelligence and to highlight its significance in the realms of business and management. Additionally, the research addresses the anticipated requirements of business education in the future. In the paper, various definitions of artificial intelligence have been examined, including those provided by high-ranking expert groups such as the Organization for Economic Cooperation and Development (OECD), the Council of Europe, and the European Commission. Additionally, we have formulated our own definition. We define artificial intelligence as systems capable of exploring external data to achieve specific goals. These systems have the capacity to learn and autonomously perform tasks, reaching near-superhuman performance across a broad spectrum of activities. In our research, focusing on areas such as fraud detection will allow you to consider both the risks and opportunities associated with AI. Artificial intelligence holds immense potential to reshape the economy, foster the emergence of new industries and business models, enhance productivity, and elevate the overall standard of living. By automating routine tasks, it liberates time, allowing individuals to concentrate on more creative endeavors. As the significance of addressing these emerging challenges grows, business education must play an increasingly vital role in preparing students. Consequently, business programs should concentrate on enhancing students' understanding of the tools and techniques prevalent in the modern business environment. The ultimate objective is to cultivate leadership skills, empowering students to employ these tools and techniques for critical analysis of business challenges and opportunities. This, in turn, equips them to make compelling recommendations and decisions, ultimately enhancing organizational performance. Keywords: Artificial Intelligence(AI),Business Education, Hypercompetitive Environment.

LEGALIZATION OF CRYPTOCURRENCY IN UKRAINE

The rapid development of information technologies, the globalization of the world economy, and the formation of a digital economy in Ukraine lead to the transformation of socio-economic relations. The growth of digitalization of the economy, the large-scale introduction of information technologies into all spheres of human life contribute to the emergence of new industries, one of which is the crypto industry, with the appearance of which in 2008, the money market totally changed forever. More and more markets are collapsing, while more and more regulators from different countries are busy implementing legislation regarding the legalization, use and taxation of cryptocurrencies. The article is devoted to the study of the peculiarities of cryptocurrency legalization in Ukraine. The peculiarities of the law “ Pro virtualʹni aktyvy” and the stages of its implementation are considered. The draft law on amendments to the Tax Code of Ukraine regarding cryptocurrency taxation has been analyzed. The number of cryptocurrency users in Ukraine and other countries of the world, such as the USA, Venezuela, Kenya, North Africa, etc., was studied. The paper analyzes how countries such as Great Britain, the Netherlands, the USA, China, Japan and Canada regulate the cryptocurrency market and whether transactions with them are legalized at the legislative level. Conclusions were also made regarding the feasibility of legalizing cryptocurrency in Ukraine.So far, we have the Law, but for the final settlement of these issues, many different by-laws, instructions and documents still need to be developed. But already today it can be said that the State is dealing with the issue of cryptocurrency relations and is on the way to its settlement.

Beyond regional endogenous and firm-centric accounts: Contextualizing multiple and multiscalar industrial branching mechanisms for the emergence of biotechnology industries in Guangzhou, China

Industrial branching proposed by evolutionary economic geographers exhibits robustness in illustrating the spatial emergence of new industries in regions. However, extant studies are primarily confined to a single type of industrial branching mechanism, such as spin-off or firm diversification, and biasedly equate them as regional endogenous and firm-centric processes, regardless of wider contextual embeddedness. Therefore, this paper seeks to take into account the contribution of multiple and multiscalar industrial branching mechanisms embedded in industrial nature and territorial contexts to emerging industries in regions, with a particular case study of biotechnology industries in Guangzhou, China. The emergence of biotechnology industries in Guangzhou during 1978–2019 is characterized by an overall fluctuating trend and recent remarkable expansion in the 2010s. The emerging process is driven by the combination of spin-off, start-up, and firm diversification, sourcing from actors across multilevel geographical scales (e.g., urban, regional, national, global). Multiple and multiscalar industrial branching mechanisms are rendered by the spatiotemporally contingent articulations among micro-level firm motivations, meso-level industrial nature, and macro-level territorial contexts, which is encapsulated in Guangzhou's strategic position in China's economic reform and opening-up in a gradual manner and Guangzhou's latecomer position in biotechnology development and industrialization. With an emphasis on moving beyond regional endogenous and firm-centric accounts, this paper aims to articulate actor-specific motivations with industrial and territorial embeddedness to gain a multilayered and context-sensitive understanding of the emergence of new industries in regions.

ТРЕНДЫ И ТЕНДЕНЦИИ ТРАНСФОРМАЦИИ БИЗНЕСА В УСЛОВИЯХ ДОМИНИРУЮЩЕГО ВЛИЯНИЯ ЦИФРОВИЗАЦИИ И ИННОВАЦИОННОЙ СОСТАВЛЯЮЩЕЙ РАЗВИТИЯ СОВРЕМЕННОЙ ЭКОНОМИКИ

The article examines the impact of digitalization on business transformation and economic development. It analyzes key drivers of digital transformation for enterprises, such as the adoption of artificial intelligence, big data, the Internet of Things, and the need for organizational adaptation. It highlights innovative components of economic growth: automation, data analytics, emergence of new industries. It discusses the challenges of the digital age - the necessity for continuous adaptation, cybersecurity, fostering a culture of innovation and collaboration within organizations. It explores the prospects of new technologies’ influence, the role of governments in supporting innovation, the importance of sustainability and ethical considerations in the digital economy.

Оцінювання ефективності диверсифікування географічної структури зовнішньоекономічної діяльності в умовах євроінтеграції

An analysis and assessment of factors influencing the effectiveness of diversification of the geographical structure of foreign economic activity of "NOVA POSHTA" LLC was carried out. The essence of the concept of diversification is determined, its types and features of this strategy of de-veloping new markets are given. The prerequisites for the implementation of the strategy of geo-graphical diversification of foreign economic activity, the opportunities and threats that may arise during the expansion of activities in the EU markets are outlined. Diversification of foreign economic activity is caused by increasing the dynamism of enter-prise development, changes in demand and the emergence of new industries on the market. In such cases, the diversification makes it possible to compensate for the drop in sales in one market by in-creasing it in other markets. It also contributes to attracting foreign investments and increasing the competitiveness of the enterprise. All types of geographic diversification open up new business op-portunities for enterprises - business entities can make maximum use of resource potential and pro-duction capacity, distribute commercial risks of dependence on one market and minimize them. Nowadays, logistics as an industry has great potential and prospects. According to the fore-cast, until 2024, the world market of logistics services will grow annually by 7.5% in monetary terms. The main players on the market in Ukraine are "NOVA POSHTA" and "Ukrposhta". This is due to the fact that more and more people are switching to online shopping. As a result of the conducted research, it was determined that in modern business conditions, the strategy of diversifying the geographical structure of foreign economic activity is becoming more and more relevant, but it must be supported by empirical data coming from the marketing monitoring system. Assessing the necessity of diversifying the geographical structure of foreign economic activity in case of "NOVA POSHTA" LLC requires consideration of many factors, especially resources, fi-nancial capacity and taxation. Taking them into account the recommended directions for the imple-mentation of the GoToMarket-strategy for "NOVA POSHTA" LLC are given in the article. The stages of marketing strategy implementation considering national and international market fea-tures and service consumption models of "NOVA POSHTA" LLC in conditions of diversification of the geographical structure of foreign economic activity are outlined. Recommended business indica-tors for evaluating the effectiveness of diversifying the geographical structure of foreign economic activity of "NOVA POSHTA" LLC are identified.

The Transformation and Innovation of the Sports Industry in the Digital Age

This paper explores the transformation and innovation of the sports industry in the digital era. By analyzing the application of digital technology in sports events, sports entertainment, and sports education, as well as the resulting transformation of the sports industry and the emergence of new industries, the paper further discusses the development of data-driven and intelligent sports industry in the digital age, along with the impact of industry convergence and innovation. In addition, the paper analyzes the role of social media in the sports industry, including interaction between athletes, clubs, and fans, channels for disseminating event information, and promotion of sports brands. Finally, it summarizes the opportunities and challenges brought by the digital era to the sports industry.

토픽모델링과 시계열 분석을 활용한 국내외 독과점 산업 연구 동향 분석

Many countries have made efforts to prevent the concentration of a few major corporations and monopolistic practices by developing and improving fair trade laws and antitrust regulations. However, the emergence of new industries and changes in trading patterns due to increased online transactions amid the COVID-19 pandemic have created gaps in existing laws. We aim to predict trends in monopolistic industries to proactively prevent such problems by establishing relevant laws or regulations. In order to examine the research trends on domestic and international monopolies, we collected abstracts of papers related to monopoly regulation from the RISS database for domestic papers and the Web of Science for international papers from 1995 to 2021. After preprocessing the data, LDA topic modeling was conducted to extract the top 15 significant topics. Moreover, we proposed a method for calculating the topic's importance to measure how actively research has progressed. We employed the linear regression model to examine the trends in research importance for each topic, and the ARIMA model was applied to predict the future trends in research importance for the next three years. While no significant trends were observed in the international data, the findings from the domestic data indicated a significant increasing volume of research on “online transactions” in the future.

Identifying weak signals to prepare for uncertainty in the energy sector

This study aims to prepare the energy sector for uncertainty using a foresight tool known as weak signals. Weak signals (subtle signs of emerging issues with significant impact potential) are often overlooked during strategic planning due to their inherent predictive uncertainty. However, the value does not lie in precise forecasting but in broadening the consideration of future possibilities. By proactively monitoring and addressing these otherwise neglected developments, stakeholders can gain early awareness of threats and opportunities and enhance their resilience, adaptability, and innovation.A panel of technology experts identified eight weak signals in this study: 1) growing mistrust and local grid security measures, 2) consumer reactions to overly prescriptive policies, 3) long-term forecasting errors for thin-margin projects, 4) emergence of variable power industries, and 5) establishment of intercontinental transmission precedence; including three potential ‘wild cards’ requiring proactive mitigation: 6) escalating electrical generation dependence on continued imports, 7) a new threat surpassing climate change, and 8) mass deployment of low-emissions technology triggering a runaway loss of social license.Political factors were the predominant source of uncertainty, as decisions can suddenly transform the energy landscape. Economic, technological, and social factors followed closely behind, generally through the emergence of new industries and behavioural responses. While environmental and legal factors were less frequent, stakeholders should still adopt a holistic approach, as the signals were found to be highly interconnected. Organisations should also assess their local context when applying these findings and continuously update and respond to their own list of weak signals.

STRESS-STRAIN STATE SIMULATION OF AN UNDERGROUND LIQUEFIED NATURAL GAS PIPELINE

In recent years, there has been a steady development of systems for the production of small-scale liquefied natural gas for gas supply to remote consumers in cases where the possibilities of pipeline construction are limited. In addition, there is a tendency to use liquefied gas to replace liquid hydrocarbon fuels (gasoline, kerosene, gasoil, fuel oil). Due to the growth and emergence of new industries for liquefied natural gas consumption, the infrastructure necessary for its production, transportation and storage is being developed. 
 The article presents an analysis of the use of the most common polymers for the pipeline construction in the oil and gas industry. The possibility of using ultra-high molecular weight polyethylene for the construction of process lines for pumping cryogenic liquids was considered. The results of experimental studies on tensile strength test and Charpy impact strength test after exposure to liquid nitrogen are presented. As a result of tensile strength tests, an increase in the strength properties of the material was observed while maintaining its plasticity. The breaking stress was 37.7 MPa, the yield strength was 27.1 MPa at liquid nitrogen temperature, while at ambient temperature, the specimen failed at 26.9 MPa, the yield strength was 20.2 MPa. The specimens, tested for impact strength by the Charpy method, after exposure for 2 h in liquid nitrogen, a certain margin of plastic properties was also showed. The stress-strain state of a liquefied natural gas pipeline made of ultra-high molecular weight polyethylene in an insulating coating was simulated using the ANSYS Mechanical software package, taking into account its thermal interaction with the soil. The maximum equivalent stress in the model was 14.4 MPa, with calculated value of 12.7 MPa, which does not exceed the yield point of the material. Thus, ultra-high molecular weight polyethylene can be considered as a promising material for use at cryogenic temperatures.

Towards building a successful CCS hub in Darwin

The Northern Territory Government is working with industry, the Australian Government and CSIRO to accelerate development of the Middle Arm of Darwin Harbour into a globally competitive, sustainable industrial development precinct for low-emission hydrocarbons, hydrogen production, carbon capture and storage (CCS) and minerals processing. This project will significantly reduce Northern Territory emissions and catalyse growth of new industries driving low-emissions energy transition and providing a sustainable future Northern Territory economic growth. The Middle Arm Sustainable Development Precinct masterplan provides for a range of development scenarios that incorporate integrated large-scale renewable energy and carbon capture, utilisation and storage (CCUS) infrastructure. Master planning of this greenfields site provides significant benefits including optimising the use of existing and shared infrastructure, resulting in reduced impacts and maximised economic benefits. This provides Industry with greater certainty, reduces the burden of pre-approvals and creates an investment-ready industrial precinct with ready access to key marine, road and rail transport facilities, utilities and other shared services. This provides an advantage over existing precincts around the globe, which may need to be retrofitted at greater cost and impact. When combined with decarbonisation of the existing gas industry at Middle Arm, there is unique opportunity to develop new low-emissions industries within the Northern Territory and supply low-emission energy and products to the Southeast Asian markets. This paper provides an overview of the Middle Arm Sustainable Development Precinct, its integration with the existing Northern Territory gas industry, the minerals industry and renewable energy, and CCS projects.

Hard and soft skill needs: higher education and the Fintech sector

ABSTRACT This paper explores the implications for higher education of the emergence of new industries, driven by technological changes. The pace of technology-driven changes creates significant challenges for the alignment between the skill needs of industry and provision by higher education. Drawing on concepts from neo-correspondence theory, we examine the emergence of the FinTech sector. We present data from two structured interviews with 28 employers based in Ireland. What emerges from this study, is that the type and level of skills required by industry is changing faster than ever before. The level of competence required in hard skills is decreasing, as in-house training and continuous professional development requirements increase. However, there is a greater expectation that graduates will have advanced soft skills. Skill shortages exist, not because of poor industry-higher education relationships but because of a lack of understanding of employers’ perceptions, preferences, and expectations.

КЛАСТЕРНЫЙ ПОДХОД КАК ИНСТРУМЕНТ РЕГИОНАЛЬНОЙ ЭКОНОМИЧЕСКОЙ ПОЛИТИКИ СЕВЕРНЫХ РЕГИОНОВ РФ (НА ПРИМЕРЕ САНКТ-ПЕТЕРБУРГА И ЛЕНИНГРАДСКОЙ ОБЛАСТИ)

One of the main conditions for increasing the competitiveness and socio-economic development of the Russian economy and the regional economies today is the formation of regional clusters. The authors of the article analyzed the cluster approach as a tool of regional economic policy, as well as the main directions of research in the field of cluster development of territories. As an example, the specifics of the cluster approach in the northern regions of the Russian Federation, in particular St. Petersburg and the Leningrad region, are considered, and the priority directions for the development and implementation of the regional cluster approach in the context of the innovative development of the northern territories are outlined. The paper examines options for implementing cluster initiatives, the effective development of which will determine the emergence of new industries, technologies and service providers. Special attention in the article is paid to the research and production Arctic cluster of St. Petersburg.

ИННОВАЦИОННАЯ ДЕЯТЕЛЬНОСТЬ ПРИ ДОБЫЧЕ ПОЛЕЗНЫХ ИСКОПАЕМЫХ

In today’s global integration environment, competition is increasing in both global and domestic markets. Intellectual labor products have the highest value on the world market compared to other goods. Currently, it is the market that creates the conditions for the widespread use of innovation and determines the need to strengthen innovation activities through its openness and increased competition. Economic changes, the introduction of new elements and the emergence of new industries at a higher technological and economic level are due to innovations originally conceived to meet the needs of society. Mining operations from year to year are increasingly carried out in more complex and dangerous mining, geological and climatic conditions. Technological innovations in mining are an important factor in the development of the mining industry. They increase the efficiency of production and processing processes, reduce production costs, improve working conditions and reduce the negative impact on the environment.

Emergence of new industries in peripheral regions: the role of narratives in delegitimation of onshore wind in the Arctic Finnmark region

ABSTRACT This paper discusses how narratives influence the legitimation of new industries in peripheral regions. We contribute to the literature a discussion of the emergence of green industries in peripheral regions, but particularly to the emerging debate in evolutionary economic geography on the role of legitimation in the emergence of new industries. Based on an empirical investigation of narratives regarding onshore wind in the Finnmark region in northernmost Norway, we caution against the focus in the literature on ‘successful’ legitimation, arguing that to better comprehend how new green industries emerge in regions there is a need also to understand delegitimation of new industrial activities and to investigate unsuccessful path creation processes, not only paths that have come into being and where legitimation has been ‘achieved’. Following from this we argue that our study on how representations (i.e., narratives) of emerging paths are linked to observable outcomes (e.g., delegitimation) teases out the need for further investigation of power relations, a topic that has received very little interest in research on regional industrial path development.

Analyze on Experimental Algorithm of Modern Apprenticeship Soft Skill Training: A Case Study of M Enterprise

In the era of the rapid development of Internet technology and information technology, the transformation of traditional industrial structure, and the emergence of new industries, the competition between talents will become more intense, and the society has put forward higher requirements for talents. Modern apprenticeship, as a new educational concept of school-enterprise co-education, will bring new educational reform to the training of higher vocational talents. Taking M enterprise as an example, this paper conducts an experimental study on the cultivation of “soft skills” of higher vocational students by modern apprenticeship. The experimental algorithm is used to analyze it. The findings are as follows: (1) In the process of promoting modern apprenticeship, higher vocational colleges pay attention to the construction of campus culture, which is conducive to internalizing “soft skills” into students’ own quality; (2) the clear career development path of enterprises can make students realize the importance of “soft skills” and clarify their training objectives, which is conducive to exerting their own initiative and constantly improving their own necessary “soft skills”; (3) enterprises attach importance to the cultivation of students’ “soft skills” and strengthen the cultivation path through real job practice, which is not only conducive to enhance the attraction of modern apprenticeship but also conducive to the talent reserve of enterprises.