The computational knowledge economy is an economy 'where value is derived from the automated generation of knowledge.
The term was coined by
Conrad Wolfram
Conrad Wolfram (born 10 June 1970) is a British technologist and businessman known for his work in information technology and mathematics education reform. In June 2020, Wolfram released his first book, ''The Math(s) Fix: An Education Blueprint ...
to describe the extension to the
knowledge economy
The knowledge economy (or the knowledge-based economy) is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific inn ...
caused by ubiquitous access to automated computation. Wolfram argues "The value- chain of knowledge is shifting. The question is not whether you have knowledge but know how to compute new knowledge from it, almost always applying computing power to help."
Impact on education
It has been argued that the skills needed by the computational knowledge economy are radically different, needing an emphasis on coding, math and computational thinking. In his book Education in the Creative Economy Daniel Araya has argued that "as this "computational knowledge economy expands and matures, it is facilitating deep structural changes in the U.S. labor force"
Projects such as
Computer-Based Math
Computer-Based Math is an educational project started by Conrad Wolfram in 2010 to promote the idea that routine mathematical calculations should be done with a computer.
Conrad Wolfram believes that mathematics education should make the greates ...
are attempting to rethink school curricula to prepare for the computational knowledge economy
See also
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Digital economy
The digital economy is a portmanteau of digital computing and economy, and is an umbrella term that describes how traditional brick-and-mortar economic activities (production, distribution, trade) are being transformed by Internet, World Wide Web, ...
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Information economy
Information economy is an economy with an increased emphasis on informational activities and information industry, where information is valued as a capital good. The term was coined by Marc Porat, a graduate student at Stanford University, wh ...
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Smart city
A smart city is a technologically modern urban area that uses different types of electronic methods and sensors to collect specific data. Information gained from that data is used to manage assets, resources and services efficiently; in retur ...
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Internet economy
The digital economy is a portmanteau of digital computing and economy, and is an umbrella term that describes how traditional brick-and-mortar economic activities (production, distribution, trade) are being transformed by Internet, World Wide Web, ...
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Knowledge market
A knowledge market is a mechanism for distributing knowledge resources. There are two views on knowledge and how knowledge markets can function. One view uses a legal construct of intellectual property to make knowledge a typical scarce resource, ...
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Knowledge organization
Knowledge organization (KO), organization of knowledge, organization of information, or information organization is an intellectual discipline concerned with activities such as document description, indexing, and classification that serve to ...
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Knowledge Revolution
Knowledge can be defined as awareness of facts or as practical skills, and may also refer to familiarity with objects or situations. Knowledge of facts, also called propositional knowledge, is often defined as true belief that is distinc ...
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Knowledge tagging
In information systems, a tag is a keyword or term assigned to a piece of information (such as an Internet bookmark, multimedia, database record, or computer file). This kind of metadata helps describe an item and allows it to be found again ...
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Knowledge value chain A knowledge value The idea that knowledge has value is ancient. In the 1st century AD, Juvenal (55-130) stated “All wish to know but none wish to pay the price". In 1775, Samuel Johnson wrote: “All knowledge is of itself of some Value theory, va ...
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Learning economy
A learning economy is a society that values skills like assets, where learning and employment information is readily exchanged from institution to institution, and controlled by the learner and worker.
History of knowledge economies
Modern econ ...
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Network economy
The network economy is the emerging economic order within the information society. The name stems from a key attribute - products and services are created and value is added through social networks operating on large or global scales. This is ...
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Productivity improving technologies (historical) The productivity-improving technologies are the technological innovations that have historically increased productivity.
Productivity is often measured as the ratio of (aggregate) output to (aggregate) input in the production of goods and services. ...
References
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Knowledge economy