At the turn of the century, new information technologies have begun to transform every aspect of the world. Competition among nations and firms has been becoming more intense. The rules and the whole fabric of the old industrial economy were disintegrating and losing their strength. Income inequality was growing between the well-educated and the less-educated. Workers suffered from worldwide layoffs, and firms were facing fierce competition. All economies were striving to escape from the depression.
Everything was UP IN THE AIR. It was the beginning of a new era, the TIME of GREAT TURBULENCE and UNCERTAINTY.
The epicenter of turbulence and uncertainty was dazzlingly changing information and communications technologies and AI technologies. All firms were struggling to figure out new rules that work in the new business environment. All nations were in great toil to lessen tension and conflicts between winners and losers. Firms, countries, and all units of society were eagerly looking for strategies that would lead them from the darkness to a bright and prosperous world.
The ITiP, IT Industry Pathfinder, lab launched and led by the captain, Youngsun Kwon, in 2001, began its journey in search of the strategies that would bring prosperity and peace back to all of us.
FOUR MAJOR MISSIONS: The ITiP Lab
- Monitors how the new information and communications technologies transform economic environments and the ways of doing business,
- Studies strategies for firms to successfully cope with challenges and to survive in a volatile business environment,
- Studies the efficient ways of using spectrum, a core input for wireless communications, and
- Develops AI tools to manage firms and economies efficiently.