At present, it appears very difficult for governments, businesses and other organizations to break free from the old world hierarchical structures and thinking. Change does not come easily. They strive to adapt the requirements of a new digital culture. Digitalization helps people to find common platform to voice their problems or concern and connect with the rest of the world. We should change the way how we live, work and learn, and we will be able to make “smarter” decisions about the opportunities and challenges related to the current technological (digital) revolution on the sustainable framework. We should be able to identify potential emerging sustainable governance models within the proposed ecosystem.
The majority of us have smart phones or other smart devices. Within less than a single generation, these devices have made a significant impact on how we live and work. Recently, there has been extensive discussion about digitalization and smart solutions and “smart” contracts, “smart” grids, etc. This category contains software solutions, applications and smart devices.
Nowadays, companies collaborate within the interconnected world and relationships, in cooperation with various interest groups. Even though the situation poses a challenge for businesses, there still exist opportunities in which businesses can harness new technology, rethink business models, and create value and be more sustainable.