Socio-Economic and Legal Assessment Report: The Changing World

This report provides a comprehensive analysis of the drivers of change in the modern world, focusing on technological innovations, demographic shifts, and socio-economic factors. It examines the impact of these drivers on various industries, particularly the taxi industry, with a detailed case study on Uber and the sharing economy. The report discusses the interplay between technological advancements, such as mobile internet, cloud technology, and computing power, and their effects on business models and work practices. It further explores demographic drivers, including climate change, aging populations, and youth demographics in emerging economies, as well as socio-economic drivers like changes in work, consumer behavior, and urbanization. The report concludes by emphasizing the importance of these drivers in shaping the future and driving industrial change, highlighting the need to understand and adapt to these evolving dynamics. The report is a student contribution to Desklib, a platform providing AI-based study tools.

THE CHANGING WORLD

INTRODUCTION
• The world is changing with new
innovations
• The key innovations are artificial
intelligence, robotics, machine
learning, 3D printing and
biotechnology
• The world will change significantly
by 2050

CAUSE OF TECHNOLOGICAL INNOVATION
• Innovation is the part of
technological advancement
• Innovation is done on the basis of
need
• The need are the fundamental
drivers of change
• There are 3 drivers of change
• Demographic, socio-economic and
technological

DEMOGRAPHIC DRIVERS
• There are various kind of demographic
drivers that causes the innovation
• The demographic changes are climate and
natural resources change, longevity and
ageing society and increasing youth
population in emerging economies.
• All these changes are the problems that
should be solved and this innovation occurs

SOCIO-ECONOMIC DRIVERS
• The number of socioeconomic
changes that drives the
technological innovation are quite
large in number
• Change in nature of work, middle
class population, consumer factors,
women empowerment and rapid
urbanization
• With change in all these factors the
demand of the economy changes a
lot

TECHNOLOGICAL DRIVERS
• In recent times there are significant
technological changes have been
done that affect the world
significantly
• The technologies that made the
difference are mobile internet and
cloud technology, IoT, improved
source of energy supplies and
significant development in
computing technology

MEANING OF THE DRIVERS OF CHANGE
• The demographic drivers changed the
way in which the natural resources are
used
• The socio-economic changes enabled
the change in the workplace and
maximized the utilization of work space
• The consumption trend in the emerging
countries are increasing due to rise in
middle class

MEANING OF THE DRIVERS OF CHANGE
• Cheaper mobile internet and accessible cloud technology
improved the productivity
• Lots of data can be processed now due to development in the
computing technology
• Renewable source of energy changing the industry
• Remote control of equipment

IMPACT ON TAXI INDUSTRY
• All the demographic, socio-economic
and technological drivers have
changed the transport industry
• The use of technology in the industry
was brought by Uber in 2009
• The technological innovation in the
following years has supported the
expansion of the business

IMPACT ON TAXI INDUSTRY
• The socio-economic changes has
increases the demand for sharing
economy
• Uber has introduced the sharing
economy based business model and it
worked
• Uber has the largest share of taxi
market
• Despite regulations Uber is expanding

CONCLUSION
• The drivers of change are of utmost
importance
• They are changing the world
significantly
• The technological innovation that are
taking place is going to take the
industrial sector in different level
• It is evident from the change in taxi
industry brought by Uber

BIBLIOGRAPHY
• Frenken, K. and Schor, J., 2019. Putting the sharing economy into perspective. In A
Research Agenda for Sustainable Consumption Governance. Edward Elgar Publishing.
• Jones-Evans, D. and Klofsten, M. eds., 2016. Technology, innovation and enterprise:
The European experience. Springer.
• Laurell, C. and Sandström, C., 2016. Analysing Uber in social media—Disruptive
technology or institutional disruption?. International journal of innovation
management, 20(05), p.1640013.
• Posen, H.A., 2015. Ridesharing in the sharing economy: Should regulators impose
Uber regulations on Uber. Iowa L. Rev., 101, p.405.