Smart Economy Research Articles

Implementasi Smart Economy Dalam Pemberdayaan Industri Kecil Menengah Kota Kediri Menuju Smart City

This research was conducted by the author entitled "Implementation of Smart Economy in Empowering Small and Medium Industries of Kediri City Towards Smart City". The purpose of this study is to analyze how the implementation of a smart city in empowering small and medium industries in the city of Kediri towards a smart city. This is done because the City of Kediri has potential in the industrial sector, as well as many other potentials such as tourism, and typical Kediri products such as tofu and woven fabrics. The author uses a policy implementation model that can affect the success of implementation according to Van Metter and Van Horn. The type of research used is descriptive research with a qualitative approach. The results of this study, the government of the City of Kediri has implemented the smart economy in empowering small and medium industries, it is well seen that there are many business actors who are on-boarding in digital marketing, and there are many programs, trainings, and workshops conducted by the government of the City of Kediri to the public. businessmen. This study concludes that the implementation of the smart economy in empowering small and medium industries has been going well, but there are still obstacles, one of which is the limited budget, because the focus of the budget is on health issues.

Smart City Implications of the Internet of Things

The concept of "smart cities" The Internet of Things (IoT) is a multi-layered framework that allows cities to employ urban networks to enhance economic performance, generate innovative technological solutions, and more. Smart Cities are the result of a new age in information technology and smart economy growth, based on Internet mesh networks, communication networks, transmission networks, wireless networks, and other end-to-end sensor networks. The Internet of Things (IoT) is at the heart of it. The Internet of Things incorporates sensors into common things and links them through particular protocols for sharing data and communications over the Internet. Smart detection leads, location, monitoring, and administration are all provided by this modular architecture. A smart city of excellence must overcome three main factors: instrumented, linked, and intelligent, with the help of IoT technology. At this point of IoT development, smart cities can only arise through the interconnectedness of all of these smart elements. The goal of this essay is to learn how the Internet and sensors may assist in the development of smart cities.
 The study's main goal is to figure out how the Internet of Things, or IoT, is being used in smart cities. We also want to establish the necessity for IoT systems in these smart cities, as well as the issues that they may pose to individuals and society, via the research.
 Review secondary research papers, reviews, dissertations, and online documents from the EBSCO, Scopus, and Emerald databases to analyse and comprehend the usage of IoT in smart cities and the possible problems that its implementation may provide in order to accomplish the following goals.
 Municipal requirements are getting more complicated, necessitating the adoption of new technology like the Internet of Things to ensure that all of these cities' duties are completed. Although more cities are becoming smart via the usage of IoT in a number of businesses, the study shows that this IoT system is also creating worries about the security of citizens' data.

Impact of Smart Economy on Smart Areas and Mediation Effect of National Economy

The smart city presupposes the integration of different parts—Smart Economy, Smart Environment, Smart People, Smart Living, Smart Mobility, and Smart Governance. The integration assumes the certain relations between them. There are researches considering the impact of separate economic indicators on specific smart area or solutions. Nevertheless, the authors have not come across any studies considering the mutual impact of these areas. The goal of the research is to determine the direct effects of smart economy on other smart components and the indirect (mediation) impact of general indicators of national economy on smart domains. The model was estimated using the PLS-SEM technique tested in SmartPLS-3.3.7. software. The sample included statistical data on the indicators, received from Eurostat Database and Latvian Statistical Office. Data referred to Latvia for years 2009–2019. As a result, the hypotheses that Smart Economy has direct impact on smart people, smart living, smart mobility, smart environment, and smart society were supported. The mediation effect of general indicators of national economy was confirmed only for the smart society domain; other hypotheses were rejected. The obtained results can be practically applied by the authorities responsible for sustainable development of smart areas. The results of mediation effect can be especially interesting for countries that do not present a very high level of economic development but are developing smart, sustainable cities.

Teaching system transformation of logistics engineering major from the perspective of smart economy: an empirical study from China

ABSTRACT The technology and service modes of logistics industry are changing greatly in smart economy, and innovation is becoming new development engine, which promotes the urgent transformation requirement of teaching system of logistics engineering majors in universities. Based on the data from logistics engineering majors in Chinese universities in 2021, a relevant study on the undergraduate logistics engineering major is carried out. Along with ‘ability-motivation-opportunity’ (AMO) theory, this paper analyses the influence of ability, motivation and opportunity on the transformation. The current situation of teaching system, the existing problems and the improvement measures are investigated. Based on the above analysis, this paper puts forward the relevant suggestions to promote the cultivation of innovative talents, mainly including planning and designing the training programme system for logistics engineering major, placing more emphasis on logistics practice courses, promoting undergraduate students’ participation in various logistics contests, and increasing the level of teaching investment and guarantee.

Toward integrated smart city: a new model for implementation and design challenges.

In smart city architecture, information and communication technologies are used to improve living standards and its management by citizens and government. Most researchers have divided this structure into six main components: smart people, the smart government, smart environment, smart transportation, smart economy, and smart life. Due to the connection between smart cities and the challenges resulting from their implementation and especially its integration, there exists no perfect solution for the concept of an integrated smart city so far according to our studies. Some more general concepts such as security, ICT infrastructure, and knowledge are not seen integrative in these structures. Therefore, it seems that new sub-components and general extra-components should be added to the existing models to form an integrated structure in such a way that the executive projects are located in their proper place in this structure and create and guarantee the integration of the smart city. Therefore, the requirements engineering of the smart city can also be explained more precisely. This study presents a model of an integrated graph in such a way that besides maintaining and improving the model of the smart city and existing models, it will fully cover the integration and requirements engineering and methodologies of the smart city in the future. The present paper offers an upgraded model of a six-component smart city structure as a flexible integrated dynamic graph so that beside maintaining the features of existing smart city models, it ensures its integrity, dynamism, flexibility and performance and prevents the failure of smart operations. Due to its flexibility, adaptability and localization, the proposed model presented in this paper can create an integrated solution and facilitating the life cycle of executive systems and enable governments and communities to predict and prevent sudden events such as natural disasters, pandemics like Covid-19 and the like as well as managing and leading their target community in the best way.

Development and Implementation of the Smart Village Concept as a Challenge for the Modern Power Industry on the Example of Poland

Nowadays, while cities are often subject to research in terms of their development, especially smart development, studies on rural areas are rare. However, the development of the latter is very important. It is important that rural areas develop economically and socially. Smart villages are a challenge for the modern energy sector. The authors of the article try to answer the question: What are the challenges for the modern energy sector in the context of rural development? The aim of this article is to identify challenges for the modern power industry in the concept of smart countryside development. The article begins with the presentation of the essence of smart villages and the essence of energy policy. The research facilitated the identification of basic challenges that prevent or slow down the development of the smart villages in terms of modern energy solutions, as perceived by experts and residents, and farmers and entrepreneurs operating in rural areas. The article identifies a number of energy challenges in the context of a smart village. They include, among others, a lack of awareness regarding the impact of energy on the environment, a low level of public knowledge about new energy solutions, and a lack of social trust in modern energy solutions in rural areas. The research was conducted in rural areas in the north-western part of Poland. At the end, the article presents a model of rural development in the context of the modern energy sector. The research also allowed the creation of a smart village development model that focuses on smart economy, intelligent environment, intelligent people, and intelligent governance. Since these are universal solutions, they can be used as a proposition for other countries.

Smart cities and quality of life: a quantitative analysis of citizens' support for smart city development

PurposeThis study examined a tourism destination, Macao, a fast-progressing smart city under development, vis-à-vis a set of smart city quality of life (SCQOL) domains and verified their effects on citizens' attitudes, perceptions and support for citizen-centric smart city development (SCD).Design/methodology/approachThis study adopted a quantitative approach. In particular, a questionnaire survey was used to collect data from Macao citizens. Factor analysis was used to identify SCQOL domains, while multiple linear regression and cluster analysis were used to achieve the research objectives.FindingsThis study identified five SCQOL domains: smart environment, smart people, smart livelihood, smart economy and economic policy, and smart mobility. Each of the domains had a different influence on citizens' attitudes and support for SCD. Three citizen segments (passive, neutral and enthusiastic supporters) were identified.Practical implicationsThe five SCQOL domains, their effects on citizens' support for SCD and the three citizen segments identified can help implement the appropriate measures to enhance the target groups' SCD. The findings are also of practical value in evaluating the citizen-centric approaches on smart progress in other contexts.Originality/valueThe concept of smart technology has been widely applied to all aspects of city development. The main goal of SCD is to enhance citizens' quality of life. However, most studies have only explored smart cities and quality of life in isolation. Grounded on citizen centrality, this study contributes to the literature on SCD by proposing a new concept of SCQOL, identifying the domains constituting SCQOL and their influence on citizens' support for SCD.

Investigating the effect of technology-based village development towards smart economy: An application of variance-based structural equation modeling

Indonesia is a country dominated by rural areas. Addressing rural poverty is a priority of the Indonesian government work program and an effort to achieve the Sustainable Development Goals (SDGs). One of the actual programs dealing with poverty is a digital village which is implemented in a smart village ecosystem. Since 2018, Indonesia has initiated various pilots of smart village projects. The success of a smart village is closely related to citizen science. The purpose of this research was to build a citizen science prospect model for a smart economy in a smart village ecosystem using Structural Equation Model – Partial Least Square (SEM-PLS) approach. This study proposes a novelty of measuring villagers' readiness to build a smart economy in a smart village ecosystem based on the strength of community support. We propose an assessment of the prospect of developing a smart economy in a smart village through the citizen science level that integrates exogenous variables of community support for the environment, citizen character, empowerment, entrepreneurship, innovation, and the smart economy. The citizen science model towards a smart economy showed a high level of predictive relevance, which was 87,2%. The citizen science model towards a smart economy can also explain empirical data with a GoF value of 0,488. This research showed that the indicators of Information Communication Technology (ICT), ICT literacy, access to education and research and development (R & D) facilitation, motivation for smart villages, and innovation in villages were driven by family participation. The collaboration with the private sector, local government, and communities drive the village's smart economy. The SEM PLS approach has not been widely used in research on the smart village component, especially the relationship between citizen science and the smart economy. Therefore, this research can fill the gap in smart village research, which is still dominated by a descriptive approach.

Сучасні виклики розвитку вищої освіти в умовах становлення розумної економіки

The purpose of the article is to analyze the trends in the development of higher education in the context of the formation of a smart economy, academic mobility and substantiate the directions for strengthening the role of higher education institutions in Ukraine in the context of modern challenges. The article generalizes the world experience in the implementation of smart cities, on the basis of systematization of the main ratings of smart cities, key indicators of intellectual activity are identified, also the characteristics of the activities of universities that contribute to the success of smart city. Based on the data of current information, an approximate estimate of the scale of outflow of young people, researchers and teaching staff from the country is provided. The currently available information on the scale of support for Ukraine by European countries both at the level of governments and at the level of individual universities is generalized. Losses and threats to the development of Ukrainian higher education in the conditions of military aggression, destruction of infrastructure and mass displacements of the population are outlined. The major directions of perspective development of universities in Ukraine in the context of modern challenges and post-war recovery are defined. The need to restore the country on fundamentally new principles is emphasized, that is building a new, smart economy, in which the goals of sustainable development and digital transformation will become key and the education and science systems must play an important role. This is possible only on the basis of real mechanisms for the return of our youth and highly qualified personnel back to the country, the transformation of higher education institutions into powerful financial actors of educational, scientific and economic activities, the creation of real competitive advantages for attracting foreign students.

CONCEPTUAL APPROACHES TO DETERMINING THE MAIN TRENDS OF THE EVOLUTION OF THE GLOBAL ECONOMIC SYSTEM

Introduction. The modern development of society is an extremely complex process that is formed under the influence of numerous factors. It is contradictory, can move from one point of bifurcation to another, undergo numerous changes. Therefore, in order to develop perspective strategies and risk management, society needs a certain analytical and prognostic toolkit - a kind of algorithm for describing the determining trends by which society moves. Megatrends are stable and long-term processes that determine the patterns of formation of interconnected and mutually determined economic, political, socio-cultural relations and relations of human interaction with nature. Goal. The purpose of the article is to identify conceptual approaches to determining the main trends in the evolution of the global economic system. The tasks of the research include the establishment of the main megatrends that change the life of modern society, the substantiation of the concepts of "megasociety" and "megaeconomy", and the identification of global megatrends in the era of the Fourth Industrial Revolution. Methodology. Scientific research was carried out using analysis and synthesis in order to study the main trends in the evolution of the global economic system; graphic methods for visual representation of the material. The results. It was found that megatrends are stable and long-term processes that determine the regularities of the formation of interconnected and mutually determined economic, political, socio-cultural relations and relations of human interaction with nature. The main megatrends according to J. Naisbit are considered. The concept of "megasociety" is defined as a manifestation of a set of political, economic, socio-cultural relations and relations of human interaction with nature, which is gradually being built under the influence of megatrends. It has been found that nowadays the main trend in the field of political relations of society is the trend of changing the world order, i.e. the process of systemic transformation that was caused by the war unleashed by Russia in the center of Europe on the territory of Ukraine. The processes of formation of a multipolar model of the world order are developing. It is noted that multipolarity is essentially consistent with regionalization. It was determined that globalization is a natural phase of the world historical process, during which the degree of interdependence of countries and mesoeconomic structures periodically changes. This process constantly acquires a new quality, changes in the forms of embodiment of its essence, but does not disappear and does not lose the status of a megatrend in the development of humanity. It has been argued that global megatrends in the era of the Fourth Industrial Revolution include technological progress; climate change, scarcity of resources; demographic changes; changes in economic power; acceleration of urbanization. During the Fourth Industrial Revolution, a fundamentally new system of production is being built - smart production, which corresponds to the smart economy - an innovative, knowledge-based, intelligent management system. The trend of greening the life of society (greening of consumption, production, technologies, economy, etc.) is considered, which involves the development and implementation by the world community of systemic measures for the perfection of nature management.

Effects of smart agricultural production investment announcements on shareholder value: Evidence from China

The advent of the era of the smart economy has made agricultural production more intelligent. An increasing number of companies have launched a series of investment activities aimed at smart agricultural production (SAP). However, whether smart agricultural production investment (SAPI) impacts the stock market has yet to be confirmed. Therefore, based on the sample data of 118 listed companies in China from 2010 to 2019, this study empirically examines the impact of SAPI announcements on shareholder value, as indicated by abnormal returns of stocks. Further, we tested the moderating effect of certain characteristic factors on abnormal stock returns. The research results illustrate a significant positive connection between SAPI announcements and shareholder value. Moreover, considering the announcement content and company factors, this study investigates the impacts of different investment targets and industries on the market reaction to SAPI announcements. We find that non-agricultural companies have a more positive market reaction to SAPI than agricultural companies; the higher the liability-asset ratio, the more positive will be the stock market reaction to SAPI.

Analisis Kebijakan Jakarta Smart City Menuju Masyarakat Madani

This paper aims to analyze and describe the development of the Jakarta Smart Cityter, including the advantages and disadvantages of the Jakarta Smart City which are associated with the use of information and communication technology to move towards civil society after more than four years. The method used in this research is literature review study. The results show that the implementation of Jakarta Smart City components such as smart mobility, smart government, smart economy, smart environment, smart living and smart people has been running well and is highly integrated with the use of information technology. From the research results, it can be concluded that the development of Jakarta Smart City which is now good, the relationship with the use of Information Technology is very close, while the disadvantage of Jakarta Smart City is that the development of information technology innovation is faster than the regulations, meaning that if there is the latest technological innovation it cannot be implemented immediately, must go through the budget regulation system. The structure of civil society in the city of Jakarta has been seen by the number of developments in large public areas and freedom from politics without any pressure. The government, the private sector and the public have collaborated in the development of a more innovative and transparent Jakarta.

Smart economy ecosystem in a global environment

The article substantiates the need to understand the economy as an ecosystem in which the processes of economic, social, ecological, political development are balanced. The aim of the article is to identify the features of understanding the smart economy as an ecosystem of the global economy. To achieve this goal, the article analyzes the evolution of views on the understanding of the concept of ecosystem”, which allowed using the method of system-structural analysis to determine the essence and components of this concept. The evolution of the concepts “ecosystem”, “business ecosystem”, “digital ecosystem”, “digital business ecosystem”, etc. is analyzed. The necessity of understanding smart economics in a broad and narrow sense is proved. Smart economy in a broad sense is a system of economic relations based on the use of the latest smart technologies, the introduction of the principles of sustainability and social responsibility and subordinated to the goals of creating comfortable and safe living conditions for citizens.

THE SIXTH INTERNATIONAL CONFERENCE ON SMART CITY APPLICATIONS: PREFACE

Abstract. This Conference Proceedings volume contains the written versions of the contributions presented during the 6th International Conference on Smart City Applications.The event had been planned to organized in Safranbolu Campus of Karabuk University, Turkey. Then, it has been converted to the online conference because of the Covid-19 situation. It took place with the motto of “Virtual Safranbolu” by inspiring historical UNESCO Heritage city Safranbolu, on October 27–29, 2021. The conference provided a setting for discussing recent developments in a wide variety of topics including Geo-Smart Information Systems, Smart Cities, 3D City Modeling and Visualization, Smart Building and Home Automation, Smart Environment and Smart Agriculture, Location Based Services, GeoInformation for Mobile, Wearable Technologies and Wireless Sensor Networks, Building Information Modeling, Virtual and Augmented Reality, Big Data and Urban Data Analytics, Smart Healthcare, Smart Economy and Digital Business, Smart Education and Intelligent Learning System, and etc.The event has been a good opportunity for the more than 400 participants coming from 43 countries of the world to present and discuss topics in their respective research areas. In addition, five keynote speakers presented latest achievements on their fields; Domingos Santos “Smart Cities Strategies: Critical Sucess Factors”, Mohsen Kalantari Soltanieh “Smart buildings to Smart cities – The role of BIM and GIS integration”, Ksentini Adlen, “Zero Touch Management and Orchestration of Network Slices in 5G and Beyond Networks”, Bakr M.Aly Ahmed, “Smart Sustainable Urbanism”, Yusuf Arayıcı, “Design for Energy:Prosumer Buildings”.The 86 papers that were selected as a result of review process and presented during the conference were accepted for the final publication in the ISPRS Archives.We would like to thank all participants, organizing and scientific committee members, and session chairs for their contributions to the conference program and these Proceedings.

THE INFLUENCE OF THE SMART-ECONOMY OF THE REGIONS ON THE DEVELOPMENT OF UKRAINIAN COMPETITIVENESS

The study is devoted to revealing the economic essence of the smart economy of the region and identifying areas of influence of such specialization on increasing the competitiveness and innovation activity of the region. It is determined that the concept of digital economy development presupposes the relationship between science, education and economy, and in the context of regional development we are talking about the triad "business science-community". According to these relations, the goal of the smart economy is the optimal use of the potential of individual regions and countries through the maximum adaptation of possible areas of science and education in these regions or countries to their specific socio-economic conditions. It is established that the main advantage of systemic development at the regional level is the increase of its competitiveness and innovation activity, as the presence of innovations in the modern globalized world is the main factor of economic growth.
 The article reviews the origins of the smart specialization approach in strategic planning at the regional and local levels, which is defined in the "Methodology for developing, monitoring and evaluating the effectiveness of regional development strategies and action plans for their implementation" and the Cabinet of Ministers of November 11, 2015 № 932 "On approval of the Procedure for developing regional development strategies and action plans for their implementation, as well as monitoring and evaluation of the effectiveness of the implementation of these regional strategies and action plans." The author formulates a scientific problem that needs to be solved in the near future, and also gives a general description of the regions of Ukraine as a basis for choosing a smart specialization. It was found that the scientific and methodological support of the processes of smart specialization implementation remains insufficient, there is a lack of both specialized applied research and targeted assistance to specific regions and territorial communities.

The reasons of the implementation of the concept of smart villages in the European Union

The aim of this article is to identify the main challenges facing the rural areas in the European Union (EU) and to investigate whether implementation of the concept of smart villages makes it possible to face these challenges. These challenges are: depopulation, aging of the society, climate change, growing demand for food, environmental degradation, peripheralization or low income of rural populations, pandemic COVID-19. The first part describes the situation in rural areas, using statistical data from the reports of the European Commission and Eurostat. Then the roots of the concept of smart villages in the European Union were presented. Its six components have been identified: smart society, smart economy, smart agriculture, smart management, smart environment and smart associability. In the last part, it was checked whether the implementation of the concept of smart villages responds to the main challenges faced by rural areas.

Smart City Governance Evaluation in the Era of Internet of Things: An Empirical Analysis of Jiangsu, China

With the rapid development of smart cities all over the world, the evaluation of the smart city has become a new research hotspot in the academic circles. Nevertheless, there still exist a series of common problems in current smart city evaluation, including the cognitive deprivation, lack of experience in planning, low coordination level, etc. Therefore, it is critical to establish a new hierarchy for smart city evaluation indicators, especially in the 5G era. Based on literature review, expert consensus, and the fuzzy analytic hierarchy process, this study developed an innovative smart city evaluation framework. In the framework, an index comprising three dimensions, i.e., smart economy, smart society, and smart environmental protection, as well as several attributes for these dimensions for smart city evaluation were established. Then, taking Jiangsu Province, the fastest-growing province in China, as the research area, the development level of smart city for the cities in Jiangsu was calculated. The results have verified the effectiveness of the framework, which can provide suggestions for sustainable urbanization, and help urban decision-makers to promote the efficient development of smart cities.

A prologue on the special issue: symposium on international business, innovation and governance: shaping the futures of smart economy (articles 9–13)

A prologue on the special issue: symposium on international business, innovation and governance: shaping the futures of smart economy (articles 9–13)

An Intuitionistic Fuzzy Approach for Smart City Development Evaluation for Developing Countries: Moroccan Context

Rapid urbanization to meet the needs of the growing population has led to several challenges such as pollution, increased and congested traffic, poor sustainability, and impact on the ecological environment. The conception of smart cities comprising intelligent convergence systems has been regarded as a potential solution to overcome these problems. Based on the information, communications, and technology (ICT), the idea of a smart city has emerged to decrease the impact of rapid urbanization. In this context, important efforts have been made for making cities smarter and more sustainable. However, the challenges associated with the implementation and evaluation of smart cities in developing countries are not examined appropriately, particularly in the Moroccan context. To analyze the efficacy and success of such efforts, the evaluation and comparisons using common frameworks are significantly important. For this purpose, the present research aims to investigate and evaluate the most influential dimensions and criteria for smart city development (SCD) in the Moroccan context. To reach this goal, this study proposes a new integrated Multi-Criteria Decision-Making (MCDM) model based on Intuitionistic Fuzzy Analytical Hierarchy Process (IF-AHP) and Intuitionistic Fuzzy Decision-Making Trial and Evaluation Laboratory (IF-DEMATEL). In the given context, the IF-AHP is employed to analyze the structure of the problem and calculate the weights of the qualitative and quantitative dimensions/criteria by incorporating the uncertainty values provided by the experts. Later, IF-DEMATEL is used to construct the structural correlation of dimensions/criteria in MCDM. The use of intuitionistic fuzzy set theory helps in dealing with the linguistic imprecision and the ambiguity of experts’ judgment. Results reveal that ‘Smart Living and Governance’ and ‘Smart Economy’ are major dimensions impacting the SCD in the Moroccan context. The proposed model focuses on enhancing the understanding of different dimensions/criteria and situations in smart cities compared to traditional cities and elevates their decision-making capability. Moreover, the results are discussed, as are the managerial implications, conclusions, limitations, and potential opportunities.

Smart City Management in the Context of Electricity Consumption Savings

According to one definition, Smart City is an administrative unit that uses data and digital technology to improve the decision-making processes and well-being of its inhabitants. Smart Cities use modern, intelligent technologies to forecast future changes, optimize city functions, gain a better understanding of current conditions, and deliver solutions. To make the city smart, multiple connected sensors, smartphones and other IoT devices are needed. As part of the research conducted at the Technical University in Vienna, six key dimensions (categories) of smart cities have been identified and characterized: Smart Economy, Smart Mobility, Smart Environment, Smart People, Smart Living, and Smart Governance. The aim of the paper is to present the concept of the smart cities, the implemented innovative solutions and the issue of electricity saving in Smart Cities. The theoretical considerations were expanded of the presentation of selected smart city projects in Polish cities. The considerations were also supplemented with the results of research conducted on a group of respondents living in large and very large cities in Poland in order to their awareness of the concept of smart cities, awareness on smart projects implemented in their cities of residence, and the possibility of using intelligent technologies to achieve savings in electricity consumption.