Final paper_Yun, Liu, Zhao.pdf (491.05 kB)
Download file

Introduction: Ambidextrous open innovation in the 4th Industrial Revolution

Download (491.05 kB)
journal contribution
posted on 08.02.2022, 14:08 authored by JinHyo Joseph Yun, Zheng LiuZheng Liu, Xiaofei Zhao
With the popularity of artificial intelligence, big data and Internet of Things, business nowadays is featured with technology advancement, open innovation and collaboration. This happens particularly in the manufacturing sectors, known as the Industrial 4.0 or the 4th Industrial Revolution. Alongside this trend, there is also a movement towards servitisation and service innovation. In the financial service sector, FinTech firms, traditional large firms, intermediaries, users and regulators are actively engaged together to develop a smart system of banking, investing and insurance service. Nevertheless, the sector is facing challenges in relation to security, trust and external disruptions. To solve this, first, this article builds an ambidextrous open innovation model with multi-dimensions, which are motivated by the arriving of the 4th Industrial Revolution. Second, this article applies the ambidextrous open innovation model with multi-dimensions to the financial sectors to validate the model basically. Third, this model is applied to several research studies to obtain additional validation of it.

History

Published in

Science, Technology and Society

Publisher

Sage

Version

AM (Accepted Manuscript)

Citation

Yun, J.J., Liu, Z. and Zhao, X. (2021) 'Introduction: Ambidextrous Open Innovation in the 4th Industrial Revolution', Science, Technology and Society, p.09717218211006969. https://doi.org/10.1177/09717218211006969

Print ISSN

0971-7218

Electronic ISSN

0973-0796

Cardiff Met Affiliation

  • Cardiff School of Management

Cardiff Met Authors

Zheng Liu

Cardiff Met Research Centre/Group

  • Welsh Centre for Business and Management Research

Copyright Holder

© The Publisher

Language

en