Computational knowledge economy

The computational knowledge economy is an economy 'where value is derived from the automated generation of knowledge.

The term was coined by Conrad Wolfram^[1] to describe the extension to the knowledge economy caused by ubiquitous access to automated computation. Wolfram argues "The value- chain of knowledge is shifting. The question is not whether you have knowledge but know how to compute new knowledge from it, almost always applying computing power to help."^[2]

Impact on education

It has been argued^[3] that the skills needed by the computational knowledge economy are radically different, needing an emphasis on coding, math and computational thinking.^[4] In his book Education in the Creative Economy ISBN 978-1433107443 Daniel Araya has argued that "as this "computational knowledge economy expands and matures, it is facilitating deep structural changes in the U.S. labor force"^[5]

Projects such as Computer-Based Math are attempting to rethink school curricula to prepare for the computational knowledge economy ^[6]

See also

• Digital economy
• Information economy
• Smart city
• Internet economy
• Knowledge market
• Knowledge organization
• Knowledge Revolution
• Knowledge tagging
• Knowledge value chain
• Learning economy
• Network economy
• Productivity improving technologies (historical)