Digital Transformation and Technology Integration with Edge Computing, 5G and Alots

Abstract

ne of the most cerebral political economists and philosopher Adam Smith ( 1723-1790) first posited his doctrine of 'Di ision of Labour' . This ground-breaking doctrine postulated that speed of economic progress would be faster with improved cost efficiency if the total work content for each result or goal to be achieved is divided into their recognisable component of tasks and distributed amongst doers according to their abilities. This fundamental principle of division of labour started being adopted by industrial organisations by splitting simple repetitive and homogeneous tasks and allocating those to individual workers according to the need for skill set. This obviated the need for one performer getting into next identified task after finishing the previous one by handling a different machines or tool. The big question that one can ask is, whether Adam Smith's doctrine of division of labour is equally applicable when jobs are done by ICT devices and whether distribution and allocation of computing job loads can improve efficiency and reduce costs.