Digital twin-based cyber-physical manufacturing systems,
extended reality metaverse enterprise and production
management algorithms, and Internet of Things financial and
labor market technologies in generative artificial
intelligence economic Cover Image

Digital twin-based cyber-physical manufacturing systems, extended reality metaverse enterprise and production management algorithms, and Internet of Things financial and labor market technologies in generative artificial intelligence economic
Digital twin-based cyber-physical manufacturing systems, extended reality metaverse enterprise and production management algorithms, and Internet of Things financial and labor market technologies in generative artificial intelligence economic

Author(s): George LĂZĂROIU, Tom Gedeon, Elżbieta Rogalska, Katarina Valaskova, Marek Nagy, Hussam Musa, Katarina Zvarikova, Miloš Poliak, Jakub Horák, Raluca Ionela Crețoiu, Tomas Krulicky, Luminita Ionescu, Catalin Popa, Lăcrămioara Rodica Hurloiu, Filip Nistor, Laurentia Georgeta Avram, Viorica Bragă
Subject(s): ICT Information and Communications Technologies, Socio-Economic Research
Published by: Instytut Badań Gospodarczych
Keywords: generative artificial intelligence economics; fintech; labor market; metaverse enterprise; production management; cyber-physical manufacturing;

Summary/Abstract: Research background: Generative artificial intelligence (AI) and machine learning algorithms support industrial Internet of Things (IoT)-based big data and enterprise asset management in multiphysics simulation environments by industrial big data processing, modeling, and moni- toring, enabling business organizational and managerial practices. Machine learning-based decision support and edge generative AI sensing systems can reduce persistent labor shortag- es and job vacancies and power productivity growth and labor market dynamics, shaping career pathways and facilitating occupational transitions by skill gap identification and labor- intensive manufacturing job automation by path planning and spatial cognition algorithms, furthering theoretical implications for management sciences. Generative AI fintech, machine learning algorithms, and behavioral analytics can assist multi-layered payment and transac- tion processing screening with regard to authorized push payment, account takeover, and synthetic identity frauds, flagging suspicious activities and combating economic crimes by rigorous verification processes. Purpose of the article: We show that edge device management functionalities of cloud indus- trial IoT and virtual robotic simulation technologies configure plant production and route planning processes across cyber-physical production and industrial automation systems in multi-cloud immersive 3D environments, leading to tangible business outcomes by reinforce- ment learning and convolutional neural networks. Labor-augmenting automation and genera- tive AI technologies can impact employment participation, increase wage and wealth inequali- ty, and lead to potential job displacement and massive labor market disruptions. The deep learning capabilities of generative AI fintech in terms of adaptive behavioral analytics and credit scoring mechanisms can enhance financial transaction behaviors and algorithmic trad- ing returns, identify fraudulent payment transactions swiftly, and improve financial forecasts, leading to customized investment recommendations and well-informed financial decisions. Methods: Machine learning-based study selection process and text mining systematic review management software and tools leveraged include Abstrackr, CADIMA, Colandr, DistillerSR, EPPI-Reviewer, JBI SUMARI, METAGEAR package for R, SluRp, and SWIFT-Active Screener. Such reference management systems are harnessed for methodologically rigorous evidence synthesis, study selection and characteristic extraction, predictive document classification, machine learning-based citation and record screening, bias assessment, article retrieval auto- mation, and document classification and prioritization.Findings & value added: Industrial IoT and 3D augmented reality technologies can create business value by streamlining virtual product and remote asset management across extended reality-based navigation and robotic autonomous systems in smart factory environments by generative AI and machine learning algorithms, articulating business organizational level and theory of management implications. 3D simulation and operational modeling tools can exe- cute and complete complex cognitive task-oriented and knowledge economy jobs, producing first-rate quality outputs swiftly while leading to unemployment spells, labor market disrup- tions, job displacement losses, and reduced earnings by machine learning clustering and spatial cognition algorithms. Generative AI decentralized finance, interoperable blockchain networks, cash flow management tools, and asset tokenization can mitigate fraud risks, enable digital fund and crypto investing servicing, and automate treasury operations by integrating real-time payment capabilities, routing and configurable workflows, and lending and pay- ment technologies.

  • Issue Year: 15/2024
  • Issue No: 3
  • Page Range: 837-870
  • Page Count: 34
  • Language: English
Toggle Accessibility Mode