KNOWLEDGE ECONOMY -NEW DIRECTIONS AND CHALLENGES

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Knowledge Economy is an over used term that centred on telling too much about Data or Information and using very little Knowledge. This presentation gives a clear idea about Knowledge Economy, Knowledge Industry, Mass Production, Marketing, Delivery and Consumption of Knowledge and how a Knowledge Economy can be set up.

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KNOWLEDGE ECONOMY -NEW DIRECTIONS AND CHALLENGES

  1. 1. KNOWLEDGE ECONOMY – FROM THEORY TO PRACTICE DR. RAJU M. MATHEW
  2. 2. BEAUTIFUL PROJECTIONS• Everybody loves to project a society, having greater internet penetrations, smart classrooms, mobile or wireless applications , lap-top dependent workforce, ever dominating e-governance and above all, nursery or kindergarten children playing with smart phones and tablets, as a ‘Knowledge Society’ and its economy, ‘Knowledge Economy’. But such beautiful projections do not necessarily lead to Knowledge Economy, but Data or Information Economy.• Knowledge is not mere a summation or reorganization of Data or Information. Knowledge emanates from Brain or Mind and Data from Machine or Calculation. Over-loaded Data and Information act as a stumbling block for the emergence of the Knowledge Economy. In a Knowledge Economy, Production and Consumption of high quality Knowledge become the dominant socio-economic activity and all social production processes become Knowledge- Intensive, rather than Data or Information Intensive.
  3. 3. WHERE IS KNOWLEDGE?• In the internet and smart phone dominated society or economy, even in the midday light, let us hope that Socrates will not come bearing a touch in search of ‘Knowledge’ in the midst of Data or Information.• Everybody is talking about ‘Knowledge’ without knowing what knowledge is, but mistaking Data or Information for ‘Knowledge’. In reality, ours is a Data Dominated Society or Economy in which everybody manipulates Data or Information in banks, government offices, schools and universities, farms and factories.• ‘Knowledge’ is far away from us without much practical use, for we attributed ‘Divinity’ to ‘Knowledge’. When knowledge is treated as Divine, nobody can use it but to worship or treat it holy and everybody is happy with Data.
  4. 4. DATA –RIDDEN GLOBAL ECONOMIC CRISIS• The present Global Economic Crisis has originated from the United States of America and spread across the world. It is the creation of Data Manipulation and False Information. The Internet , Software , High Technology and the World Class Business Schools of the USA could not save America or the World from the Crisis.• Everybody at the top of the Governments, the Corporate Sector and the Banking and Finance Sector takes decisions and operates on the basis of Half-Baked or Readily Made Data. Without the Knowledge of the working of an Economy and the Basic Principles of Political Economy, the Holistic Nature of the World Economy and the Inter-dependence between various Sectors of an Economy and the Regions of the Global Economy, great decisions are made by the United Nations, OECD, World Bank and others .• The resulting Inter-sector and Inter-regional Imbalances aggravate and prolong the Global Economic Crisis from mere financial meltdown. Now America, in spite of its several Nobel Laureates in Economics and money and media-made President and his army of Advisers, does not have any solution to the Global Economic Crisis and its own growing unemployment and soaring educational expenses that make the Youth and the Women in Revolt.
  5. 5. WISDOM AND KNOWLEDGE• In their thrust for Data or Information, Political Rulers and Management and Information Technology Experts, who control the world, have miserably missed Wisdom and Knowledge about the Humanity, the working of an economy and inter-dependence between economies and sectors within an economy.• To them, every thing is there in their laptops or Smart phone while keeping their brain empty without much wisdom and knowledge. It is Wisdom and Knowledge that alone can solve the basic human problem of poverty, ignorance and war or violence. Then only can we have ‘Knowledge Economy’.
  6. 6. SEARCHING IN THE NET AND SITTING IN LIBRARIES• Searching in the net , sitting and reading in libraries , and attending classrooms or conferences or working and learning are the limited options for acquiring knowledge. Is it desirable to spend such long hours and great energy just for searching knowledge ?• Here everybody, starting from nursery students to university professors, laymen to top level experts or rulers, is a seeker of ‘Knowledge’ rather than a user of knowledge.• Finally what is getting is fragmented and undependable or even confusing information or knowledge without much time or energy to absorb and apply ‘Knowledge’.• With regard to seeking ‘Knowledge’ we are just like the primitive hunters who might have spent over 90% of their time and energy just for searching and hunting, without much time or energy for enjoying the food , taking rest or entertainment. There is no justification to spend such long years and big money in schools and universities for such a fragmented and even unusable Knowledge or Expertise rather than acquiring qualifications.
  7. 7. IT – TECHNOLOGIES FOR DATA PROCESSING AND DELIVERY• Information Technology, as the name indicates, is just Data Processing and Data Delivery Systems or Technologies and not ‘Knowledge Processing and Knowledge Delivery’ Systems or Technologies. They make us believe on ‘Data’ for ‘Knowledge’, frequently using the term ‘Information’ and finally everybody treats ‘Data’ as Knowledge or even greater than ‘Wisdom’.
  8. 8. FATE OF THE LITTLE CHILDREN• Those who make experiments on little children with ‘smart phones, tablets or laptops’ and thereby conditioning or programming their brains to process ‘Data’ or ‘Information’ without ‘Knowledge’ are doing a crime against the children. It is Knowledge that alone makes sense or meaning or relevance to Data or Information.• Nervous brake down, including the inability to dream or visualize or innovate or lead healthy family life, is the fate of such children as the human brain is designed not to deal with too much ‘Data or Information’ but with large amount of ‘Ideas, Concepts or Knowledge’.• Little children needs nursery rhymes, fairy tales, Aesop or Thousand and One Night or ‘Panchathantra’ stories and a lot of play and fun to develop their brains and body. Let them play, dream, visualize, innovate or explore too to create a better world so that they can create or make use of new technologies to solve human problems when they are grown up.
  9. 9. DATA AND KNOWLEDGE• The building blocs of data are bytes – 1s or 0s without any meaning. Data is one dimensional; structure of data is linear and static. Information Technology is built upon Algorithms based on data structure and not on knowledge structure.• The building blocs of ‘Knowledge’ are concepts with independent meaning. Knowledge is multi-dimensional with non-linear and dynamic structure. It is knowledge that gives meaning or relevance to data or information.• If the print out of the total data stored in the brain of an adult is limited to few hundred pages where as that of Knowledge is extended to thousands of pages.• People find it difficult to recollect a two hundred page telephone directory whereas they can remember at least the content of a five hundred or ten thousand page scripture or classic literature like the Bible, the Quran , the Vedas, or Ramayana or the works of Homer, Kalidasa or Shakespeare. Human Brain can easily process knowledge rather than data.
  10. 10. DATA ECONOMY, NOT KNOWLEDGE ECONOMY• The so called ‘Knowledge Economy’ that is discussed in books, seminar halls, class rooms and electronic channels is nothing but ‘Data Economy’ in which large amount of data is produced, transferred and used or applied.’. Most of the social activities, including Education, Governmental Administration, Decision-Making have become ‘Data or Information’ intensive without much ‘Knowledge’.
  11. 11. GLOBAL ECONOMIC CRISIS AND DATA MANIPULATIONS• The global economic crisis or the financial melt down is the result of Data Manipulation, making strategic decisions with undigested data without sound ‘Knowledge’ of Economics, Business, Commerce, Intentional Trade, Science and Technology. Everybody talks on the basis of fabricated data or information. It is men and women with sound knowledge alone can find out solutions, can innovate and can live as entrepreneurs or even productive workers.
  12. 12. KNOWLEDGE ECONOMY – WHAT IS IT?• In a Knowledge Economy, ‘Knowledge’ is produced, marketed, delivered and consumed on a massive scale. It is Knowledge Industry that brings out value added Knowledge Modules, Packages and Solutions for the entire sectors of the economy by using the latest technology. Every social production process becomes ‘Knowledge – Intensive’ rather than ‘Data or Information Intensive.• In a Knowledge Economy, knowledge is treated as a product or commodity for mass production, consumption and delivery. Knowledge is made accessible to the entire people irrespective of literate or illiterate, educated or uneducated, men or women so that everybody is empowered and capable of making use of knowledge that they absorbed.
  13. 13. KNOWLEDGE INDSUTRY MISTAKEN!!!• ‘Knowledge Industry’ is the most mistaken or confused industry so that Information Technology, Higher Education, Scientific Research and etc. are clubbed or designated as ‘Knowledge Industry’ without knowing the meaning of ‘industry’.• For an industry, there must be mass or industrial production, marketing, delivery and consumption of products. For example, chemical industry is related to chemical technology and chemical products.• Accordingly, ‘Knowledge Industry’ must be related to ‘Knowledge Technology’ and ‘Knowledge Products’ rather than ‘Information Technology’ and ‘Data Processing and Delivery’. Without knowledge, no education or scientific research is made possible.
  14. 14. TECHNOLOGY FOR MASS PRODUCTION AND DELIVERY OF KNOWLEDGE• Without sound theories and methodological tools, it is not possible to treat ‘Knowledge’ as a product for mass production, delivery, marketing and consumption and to develop Knowledge Industry. That is why; we don’t have genuine Knowledge Industry’ other than IT or IT Enabled Industries. Before the birth of Industrial Revolution and Information Technology, there were Universities and Scientific Research activities that cannot be designated as ‘Knowledge Industry’ in a sensible way.• As a solution, as early as 1984, Mathew formulated two theories of ‘Consumption’ and ‘Production’ of ‘Knowledge as a Product or Commodity’ . In 2005 he pounded ‘Knowmatics’ ,mathematics and engineering of ‘Knowledge’, that forms the basis of Knowledge Industry to facilitate mass production, marketing, delivery and consumption of knowledge for ensuring knowledge accessibility to the entire humanity, crossing the barriers of education, culture and development.
  15. 15. THIRTY YEARS OF STUDY AND RESEARCH• For the last thirty years, I have been conducting study and research on the Nature and Structure of Knowledge, Technology for Knowledge Processing and Consumption, Production and Marketing of Knowledge.• On the basis of my book published from England and the USA on Economics of Knowledge and Libraries in 1981, I was nominated as the youngest member for the 12 member FID Committee on Research on Theoretical Basis of Information Science in 1982 with Prof. A. I. Mikhalove, father of Informatics, as Chairman.• The USSR Academy of Sciences in 1985 published my two theories on Knowledge Consumption-Production for the FID Committee. Now they are known as ‘Mathew’s Theories of Knowledge’ and they become an area for doctoral research on Skill Acquisition and Scientific Prodctivity.• After guiding or supervising nine Doctoral works on Knowledge dealt in the Bible, Quran, the Vedas and Upanishads, Ayurveda and Tribal Medicine, besides the Possibilities of Internet, Theoretical Foundations of Information Technology, Industrial Development Pattern and etc., in 2005, I propounded Knowmatics.
  16. 16. MY RECENT WORKS• ‘Knowmatics- A New Revolution in Higher Education’ is my work jointly with Ranjit Mathew, published in the Journal of the World Universities Forum 4,1,2011:1-11.• It elaborates Mathew’s Theories of Knowledge, Knowmatics and Application of Knowmatics in Higher Education and how a revolution can be made on knowledge accessibility.• My other works can be found in the net Under ‘dr. raju m. mathew’ or , www.slidehare.net/drrajumathew .

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