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What is Creation of Social Impact

Chapter 12
Handbook of Research on Management and Strategies for Digital Enterprise Transformation
Fostering initiatives and activities that aim at benefiting society at large, increasing the well-being of different stakeholders and communities.
Published in Chapter:
The Fourth Revolution: Strategies to Manage Artificial Intelligence to Transform Economy and Society for the Digital Age
Danielle Kadlec (Luiss Business School, Italy), Viviana D'Angelo (Luiss Business School, Italy), and Francesca Capo (Università degli studi di Milano-Bicocca, Italy)
Copyright: © 2021 |Pages: 18
DOI: 10.4018/978-1-7998-5015-1.ch012
Abstract
Technological breakthroughs are the reasons for industrial revolution to occur. However, it may take time to exert its effects on social and technological domains. Artificial intelligence is the branch of computer science which tries to replicate human intelligence in machines that are programmed to think like humans and mimic their actions. It is acquiring increasing importance in industrial application, revolutionizing the entire industrial system enough to be referred as “Fourth Industrial Revolution.” This chapter describes the impacts of artificial intelligence on the economy and society at large. Specifically, it analyzes the enablers and barriers behind the automatization of the working force and how the digital transformation may entail opportunities and challenges for the current economic and working dynamics as well as for society in general.
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