Finance:Computational knowledge economy

From HandWiki

The computational knowledge economy is an economy 'where value is derived from the automated generation of knowledge.

The term was coined by Conrad Wolfram[1] to describe the extension to the knowledge economy 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."[2]

Impact on education

It has been argued[3] that the skills needed by the computational knowledge economy are radically different, needing an emphasis on coding, math and computational thinking.[4] In his book Education in the Creative Economy ISBN:978-1433107443 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"[5]

Projects such as Computer-Based Math are attempting to rethink school curricula to prepare for the computational knowledge economy [6]

See also


References