• Title/Summary/Keyword: Transformation of The Industry

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Study on Enterprise Value and Asset Structure Optimization of the Iron and Steel Industry in China under Carbon Reduction Strategy

  • ZHU, Hong Hong;SUN, Yue Yao;LI, Jin Bao
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.3
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    • pp.11-22
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    • 2022
  • The iron and steel sector is caught between two worlds: "carbon reduction" and "development." The goal of this study is to show that optimizing asset structure to boost intangible assets, particularly brand assets, is a viable strategy to achieve low-carbon development. This study uses panel data from 38 A-share companies in China's iron and steel industry from 2010 to 2020, as well as World Brand Lab data, to create a comprehensive impact index of enterprise value from the standpoint of an asset structure optimization, and to test the impact of intangible assets and brand equity on enterprise value. The findings show that: the asset structure of iron and steel enterprises is closely related to enterprise value, implying that iron and steel industry development necessitates a transformation of quantity control and quality improvement; the proportion of intangible assets in the asset structure of iron and steel enterprises plays a positive and critical role in enterprise value under surplus conditions. The iron and steel industry begins to shift from tangible to intangible assets; there is heterogeneity in the iron and steel industry transformation. Given certain technological levels, the share of brand assets contributes significantly to the increase in enterprise value.

A Study on Education system for nurturing Intelligent Information Technology practitioners in College (지능정보기술 실무인재 양성을 위한 전문대학 교육체계 구축 방안)

  • Kim, SungRim;Yeo, MinWoo;Cho, EunSook;Hong, YuNa;Heo, YoungJun
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.17 no.4
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    • pp.63-75
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    • 2021
  • It is necessary to respond to rapid technological changes such as the 4th industrial revolution and digital transformation across industries. And, a change in the university education system is necessary in a crisis situation of universities due to the rapid decrease of the school-age population. This study is aimed at practical competency with the ability to apply intelligent information technology to their job fields based on a basic understanding of intelligent information technology rather than advanced competency centered on theory and research. Instead of presenting the curriculum system diagram so that it can be flexibly applied to the design and development of the curriculum for intelligent information technology, training modules according to job and level were presented. In relation to intelligent information technology, a questionnaire was conducted for college professors, and industry experts were conducted on the derived educational modules to reflect the opinions of the industry. Industry experts said that collaboration with PBL, Capstone, and industry is necessary to improve problem-solving and communication skills.

A Study on Digitalization and Digital Transformation of the Construction Industry for Smart Construction: Utilization of Data Hub and Application Programming Interface(API) (스마트 건설을 위한 건설산업의 디지털화와 디지털 전환 방안 연구: 데이터 허브와 응용프로그래밍 인터페이스(API) 활용)

  • Kim, Ji-Myong;Son, Seunghyun;Yun, Gyeong Cheol
    • Journal of the Korea Institute of Building Construction
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    • v.22 no.4
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    • pp.379-390
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    • 2022
  • While the construction industry is striving to make changes suitable for the 4th industrial revolution era through the introduction of 4th industrial revolution technologies, such change is progressing more slowly than in other industries. Nevertheless, the recent digitization and digital transformation of the construction industry can provide a new paradigm to address and innovate the chronic problems faced by the construction industry. Therefore, in this study, a case study using a data hub and API for use of the data hub, which is essential for digitalization and digital transformation, was conducted, and the efficiency and feasibility of using the data hub and API were considered. When the API system was introduced, it was found that the average budget savings per person was about 23%, and the costbenefit ratio was about 4.4 times higher, indicating that the feasibility of the project was very high. The results and framework of this study can serve as fundamental research data for related research, and provide a worthy case study to promote the introduction of related technologies. This will ultimately contribute to digitalization and digital transformation for smartization of the construction industry.

Macroeconomic Effects of the Global Resource Crisis (글로벌 자원위기의 거시경제적 효과분석)

  • Song, Tae-Jung;Kim, Gi-Seung
    • The Journal of the Korea Contents Association
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    • v.8 no.10
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    • pp.259-267
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    • 2008
  • This research will examine the probabilities of future global resource crisis and what significance and effect will come upon our economy through the rise of the cost of resources. From now on, the lack of the supply of global resources will dull the world economic growth. Not only that, but the direction of each country's economic development will be decided by the appropriate measure to the resource crisis. If we are to sustain this inefficient industrial structure, as a country with high dependancy on foreign resources, Korea might face macroeconomic shock and the loss of industrial competitiveness. Therefore, we must increase the efficiency of the resource usage in the manufacturing industry such as the chemical and steel industry, and now is a period when we must add high value to our products. Henceforth, the structural constraints of supply will be the root cause of resource crisis. Thus, we must lead the subject of the economic agencies, such as companies and consumers, so that they will be able to adapt to a new paradigm called the fundamental lack of resources, rather than temporal crisis management. The Korean economy must adjust the environment for industry transformation to be achieved.

Research on Digital Twin Automation Techniques in the Construction Industry through 2D Design Drawing Data Extraction and 3D Spatial Data Construction (2D 설계도면 데이터 추출 및 3차원 공간 데이터 구축을 통한 건설산업 디지털 트윈 자동화 기법 연구)

  • Lee, Jongseo;Moon, Il-YOUNG
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2021.10a
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    • pp.609-612
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    • 2021
  • Government agencies and companies are establishing and promoting digital transformation strategies in various industrial fields, and are leading the era of the 4th industrial revolution through successful technological innovation. In this time of change, we can see many stories of global companies Nike and Starbucks as successful examples of digital transformation. These two companies are showing successful results through digital transformation. Domestic companies are also conducting digital innovation based on mobile, cloud, IoT, artificial intelligence, and AR/VR technologies, and are establishing RPA (Robotic Process Automation) processes for high efficiency and high productivity. In this paper, we introduce the 3D digital twin space construction automation process technique using data from the entire construction cycle of design, construction, and maintenance of the construction industry, and look into the digital transformation strategy of the construction industry in the future.

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Uniform Color Image Transformation based on Color Cluster Model (칼라 클러스터 모델에 근거한 균일 칼라 영상 변환)

  • Lee, Jeong-Hwan;Park, Se-Hyeon;Kim, Jung-Su
    • The Transactions of the Korea Information Processing Society
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    • v.3 no.6
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    • pp.1646-1657
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    • 1996
  • This paper presents a color transformation method based on a uniform color image model. Firstly, color variation factors are grouped into identical (multiplicative) factor and independent(additive) one for the color model, and they are modelled by the Gaussian function. The shape of a color cluster in (R, G, B) feature space is an ellipsoid whose elongated major axis correspond to the direction of mean vector. Secondly, the transformation of a color cluster using the model is studied. A transformation method for three dimensional coordinated is described. The proposed method is applied to artificial and natural color images. By the result of experiments, the elongated major axis of each cluster making up the transformed color image aggress with the direction of its mean vector.

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Future of Virtual Reality and Metaverse in Hospitality and Tourism Management: An Industry Perspective

  • Jay, Bhakta;Amanda, Charreton;Anne Anoek, de Rooij;Minwoo, Lee;Hubie, Sangster;Yingni, Wang
    • Journal of Smart Tourism
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    • v.2 no.4
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    • pp.25-34
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    • 2022
  • Digital transformation plays a critical role in making hospitality and tourism organizations create new business processes and customer experiences. The hospitality and tourism industry thrives on creating unique experiences by offering exceptional and innovative customer services through innovative digital technologies. Thus, this study provides an overview of the current use of these technologies in the hospitality industry and their potential advantages and opportunities. In particular, the metaverse and immersive virtual reality (VR) technology are gaining popularity in the hospitality industry, offering new opportunities for innovation and driving core values. This study discusses the current use of VR and metaverse and potential advantages and opportunities for researchers and practitioners in the hospitality and tourism context. Thus, we provide suggestions and implications for hospitality and tourism industry stakeholders to increase core values and business performance and create sustainable competitive advantages over other market players through VR and metaverse.

Digital Transformation of Agriculture Supply Chain in Vietnam: Current Status and Proposal of Roadmap

  • Quoc Cuong Nguyen;Hoang Tuan Nguyen
    • International journal of advanced smart convergence
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    • v.13 no.2
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    • pp.249-257
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    • 2024
  • As the main driver of economic growth and employment, the agricultural sector plays an important role in Vietnam's economy. However, in recent years, the sector has faced new challenges and also presented new investment opportunities to stimulate agricultural growth. Many Vietnamese agricultural producers currently lack the modern technology and decision support tools needed to maintain and improve productivity in a rapidly changing environment. Other stakeholders in the agricultural value chain, such as input suppliers, distributors, and consumers, also face significant challenges, including disrupted value chains, transportation costs. The cost of transporting goods across the supply chain continues to increase and information exchange remains fragmented. A potential solution to address these challenges is the application of digital transformation in agricultural supply chains. Farmers and other value chain participants can improve the production of their goods and procedures by utilizing new and cutting-edge technologies that are integrated into a unified system as part of the digital transformation of agricultural supply chains. In this study, we evaluate the current status of digital transformation in the supply chain of the agriculture industry by finding and examining pertinent publications from key agencies as well as prior research. From there, in the framework of the digital economy, this study suggests a digital transformation roadmap for the agricultural supply chain.

A Study on AC Machine Modeling using Complex Vector and dq Transformation (복소 벡터와 dq 변환을 이용한 교류기 모델링에 관한 연구)

  • Hong, Sun-Ki;Park, Jin-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.61 no.11
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    • pp.1601-1605
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    • 2012
  • Three-phase voltage and current is applied to the three-phase alternating current motors which are commonly used in industry. Three phase variables of a, b, c are converted into d, q, 0 axis and the AC machines are modeled and analyzed. Basically the coordinate transformation or d-q transformation is used for convenience, a few steps are needed to analyze the motor performances - separating d and q components, establishing each equivalent circuit, and solving the differential equations of the circuits. In this study, a modeling technique of induction motor using complex vector is proposed and it can explain the induction motor physically. This method does not need the separating process of d and q components. With this technique, the model becomes simple, is easy to understand in physical, and can get the same results with those from the other models. These simulation results of the proposed model are compared with them for the conformation of the proposed method.

Analysis of 3-phase Induction Motor considering Current Regulator using DQ Transformation with Matrix Vector

  • Hong, Sun-Ki;Na, Yoo-Chung
    • Journal of international Conference on Electrical Machines and Systems
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    • v.3 no.2
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    • pp.116-120
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    • 2014
  • 3-phase Induction machines are being used in industry and dq transformation from 3 phase of a, b, c is commonly used to analyze these machines. The equivalent circuits of d and q axis are however generally cross coupled and not simple to analyze. In this study, an analysis method of 3ph induction motor considering current regulator using dq transformation and matrix vector is proposed and it can explain the 3ph induction motor physically. This model does not need the separating process of d and q components. With this technique, the model becomes simple, is easy to understand in physical, and can get the same results with those from the other dq models. These simulation results of the proposed model are compared with those of other models for the conformation of the proposed method.