Impact of Disruptive Technologies on the Sharing Economy
Because it continually implements entrepreneurial creativity and innovative business models, the economic landscape is ever-changing in today’s globalized world. As consumers become more willing to accept new strategic trends, this has led to the emergence of disruptive technologies. Since this equipment has an insufficient amount of information and high risks, it is necessary to assess the potential of disruptive technologies in the commercial environment.
Impact of Disruptive Technologies on the Sharing Economy provides emerging research exploring the theoretical and practical aspects of disruptive technologies and knowledge-based entrepreneurial efforts and applications within management, business, and economics. Featuring coverage on a broad range of topics such as consumer ethics, corporate governance, and insurance issues, this book is ideally designed for IT specialists, IT consultants, software developers, computer engineers, managers, executives, managing directors, students, professors, scientists, professionals, industry practitioners, academicians, and researchers seeking current research on the consequences of disruptive technologies.
In the era of the Industry 4.0 Collaboration and the ubiquitous digitalization, a number of important trends in economic development arise. The mobile Internet and the Internet of things, VR/AR technologies, artificial intelligence, big data and machine learning, as well as the spread of automation in economics lead to impressive changes both in business processes and in consumer behavior. The growing business environment complexity and the acceleration of technological changes lead to the emergence of new forms of social interaction. In particular, sharing economy phenomena has become one of the main trends that influence customer behavior in many markets. The emergence of online service platforms allows individuals and businesses to share their unused or underutilized resources efficiently and expand the locus of value creation through platform ecosystems (Belk 2007, Grassmuck, 2012, de Reuver et al. 2018). Therefore, the sharing economy leads to an increase in the efficiency of economic and business activities (DuPuis, Rainwater, 2015). There is no doubt that “there is potential in this sector for creating new businesses that allocate value more fairly, that are more democratically organized, that reduce eco-footprints, and that can bring people together in new ways” (Schor, 2014, p.11).