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Introduction

Chapter
Part of the Topics in Intelligent Engineering and Informatics book series (TIEI, volume 11)

Abstract

The modern digital revolution that encompasses the computers, connectivity, data, iPhones and internet, is both disruptive and divisive. It is disruptive because it can and has displaced millions of workers. It is divisive because it divides those who are experienced and technology-savvy from those who are just experienced. The former will have promising career options and business opportunities while the latter will see their experience and their jobs replaced by intelligent technology. This disruption and division will significantly impact the emerging markets. Take for example, Foxconn, an icon of Chinese manufacturing, at its height of its production employed 1.5 million workers to assemble electronics. With the rising cost of labour and falling cost of automated manufacturing, it has since replaced workers with robots. China’s path of progress will see more companies similar to Alibaba that recently made a spectacular debut on the New York Stock Exchange that employs only about 20,000 people.

Keywords

Emerging technology Emerging market Innovation Financial service Health service Education 

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Copyright information

© Springer Science+Business Media Singapore 2015

Authors and Affiliations

  1. 1.Financial IT AcademySingapore Management UniversitySingaporeSingapore
  2. 2.School of Business (IT)James Cook UniversitySingaporeSingapore

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