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Journal of Open Innovation: Technology, Market, and Complexity is published by MDPI from Volume 4 Issue 2 (2018). Previous articles were published by another publisher in Open Access under a CC-BY (or CC-BY-NC-ND) licence, and they are hosted by MDPI on mdpi.com as a courtesy and upon agreement with Springer.
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Article

Technology convergence, open innovation, and dynamic economy

by
Hang Sik Park
Eulji University, 553, Sanseong-daero, Sujeong-gu, Seongnam-si, Gyeonggi-do 13135, South Korea
J. Open Innov. Technol. Mark. Complex. 2017, 3(4), 24; https://doi.org/10.1186/s40852-017-0074-z
Submission received: 4 July 2017 / Accepted: 30 October 2017 / Published: 21 November 2017
Versions Notes

Abstract

The world economy has been confronting low economic growth for several years. Many experts agree that concepts such as openness, convergence, and creation of new market demand through new emerging technologies (e.g. Internet of Things, big data, and Artificial Intelligence) may solve the current economic crisis throughout the world. When these concepts are linked to a network, the law of increasing returns will come true. As the issue of the 4th industrial revolution mentioned in the 2016 World Economic Forum is similar, the enlargement of open innovation and convergence will lead to a new dynamic economy and sustainable development.
Keywords: The fourth industrial revolution, Dynamic economy, Open innovation, Convergence, Disruptive innovation The fourth industrial revolution, Dynamic economy, Open innovation, Convergence, Disruptive innovation

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MDPI and ACS Style

Park, H.S. Technology convergence, open innovation, and dynamic economy. J. Open Innov. Technol. Mark. Complex. 2017, 3, 24. https://doi.org/10.1186/s40852-017-0074-z

AMA Style

Park HS. Technology convergence, open innovation, and dynamic economy. Journal of Open Innovation: Technology, Market, and Complexity. 2017; 3(4):24. https://doi.org/10.1186/s40852-017-0074-z

Chicago/Turabian Style

Park, Hang Sik. 2017. "Technology convergence, open innovation, and dynamic economy" Journal of Open Innovation: Technology, Market, and Complexity 3, no. 4: 24. https://doi.org/10.1186/s40852-017-0074-z

APA Style

Park, H. S. (2017). Technology convergence, open innovation, and dynamic economy. Journal of Open Innovation: Technology, Market, and Complexity, 3(4), 24. https://doi.org/10.1186/s40852-017-0074-z

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