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Algorithms
Article . 2023 . Peer-reviewed
License: CC BY
Data sources: Crossref
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Algorithms
Article . 2023
Data sources: DOAJ
DBLP
Article . 2023
Data sources: DBLP
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A Cognitive Model for Technology Adoption

Authors: Fariborz Sobhanmanesh; Amin Beheshti; Nicholas Nouri; Natalia Monje Chapparo; Sandya Raj; Richard A. George;

A Cognitive Model for Technology Adoption

Abstract

The widespread adoption of advanced technologies, such as Artificial Intelligence (AI), Machine Learning, and Robotics, is rapidly increasing across the globe. This accelerated pace of change is drastically transforming various aspects of our lives and work, resulting in what is now known as Industry 4.0. As businesses integrate these technologies into their daily operations, it significantly impacts their work tasks and required skill sets. However, the approach to technological transformation varies depending on location, industry, and organization. However, there are no published methods that can adequately forecast the adoption of technology and its impact on society. It is essential to prepare for the future impact of Industry 4.0, and this requires policymakers and business leaders to be equipped with scientifically validated models and metrics. Data-driven scenario planning and decision-making can lead to better outcomes in every area of the business, from learning and development to technology investment. However, the current literature falls short in identifying effective and globally applicable strategies to predict the adoption rate of emerging technologies. Therefore, this paper proposes a novel parametric mathematical model for predicting the adoption rate of emerging technologies through a unique data-driven pipeline. This approach utilizes global indicators for countries to predict the technology adoption curves for each country and industry. The model is thoroughly validated, and the paper outlines highly promising evaluation results. The practical implications of this proposed approach are significant because it provides policymakers and business leaders with valuable insights for decision-making and scenario planning.

Related Organizations
Keywords

generative AI, Industrial engineering. Management engineering, Electronic computers. Computer science, QA75.5-76.95, technology adoption, T55.4-60.8, industrial revolution 4.0

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    19
    popularity
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    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
19
Top 10%
Top 10%
Top 10%
gold