Technological innovation and public value creation: A multidisciplinary evaluation

Omoregie Charles Osifo

doi:10.59400/fps.v1i1.368

Omoregie Charles Osifo Sustainability Group, University of Vaasa, 65200 Vaasa, Finland

Article ID: 368

108 Views, 67 PDF Downloads

DOI: https://doi.org/10.59400/fps.v1i1.368

Keywords: technology, innovation, public value, Industry 4.0, sustainability, multidisciplinary

Abstract

Innovation (e.g., technological, sustainable, social, etc.) should be able to create value. The key objective of this paper is to evaluate public value creation and improvement via technological innovations and present a general position. This paper adopts a simple evaluation strategy by exploring viewpoints/positions, dimensions, realities, and pieces of evidence in some selected relevant literature, documents, and reports. The multidisciplinary evaluation of how technological innovations help to create or improve public value shows a relatively similar outlook from the dimensions of objectives, strategies, limitations, and outcomes/successes. One of the key discoveries from this paper relating to the objective dimension in the disciplines of social sciences is that tech innovation mainly focuses on enhancing well-being, dignity, human rights, and prosperity for all (individuals, societies, the environment, and the world). Concerning the objective dimension in the disciplines of the humanities, tech innovation focuses on promoting cultural diversity, inclusion, and responsible communication. Regarding the objective dimension in disciplines of physical and natural sciences, tech innovation focuses on reducing/eradicating dehumanization, social, economic, psychological, and environmental challenges (e.g., climate change and biodiversity depletion). The originality of this paper is premised on the fact that presently very little attention is given to this kind of topic, especially from a multidisciplinary perspective. Therefore, this paper attempts to contribute to the multidisciplinary evaluation gap that exists between technological innovation and public value creation. The general position of this multidisciplinary evaluation is that public value creation is the key goal of tech innovation across many disciplines.

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