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Utilizing Technology for Sustainable Resource Management Solutions: Economics and Finance
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Author(s): Jonas Yomboi (St. John's Integrated SHS, Ghana), Majeed Mohammed (Tamale Technical University, Ghana), Clement Nangpiire (SDD University of Business and Integrated Development Studies, Ghana), Kwasi Nkayi (Tamale Teaching Hospital, Ghana), Evans Kelvin Gyau (Sunyani Technical University, Ghana)and Victoria Manu (Sunyani Technical University, Ghana)
Copyright: 2024
Pages: 15
Source title:
Utilizing Technology for Sustainable Resource Management Solutions
Source Author(s)/Editor(s): Kuldeep Singh (School of Management, Gati Shakti Vishwavidyalaya, Vadodara, India), Richa Singh Dubey (Motilal Nehru National Institute of Technology Allahabad (MNNIT) Allahabad, India), Douglas W.S. Renwick (Nottingham Business School, Nottingham Trent University, UK)and Rohan Crichton (David D. Reh School of Business, Clarkson University, USA)
DOI: 10.4018/979-8-3693-2346-5.ch002
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Abstract
This review examines technological, economic, and financial aspects of sustainable resource management. It explores historical development, contemporary technology, economic effects, cost-benefit analyses, market dynamics, and sustainable behaviour incentives. The research also examines economic models of government economic sustainability initiatives. Investment choices, risk assessment, and finance sources for sustainable resource management are reviewed. Field applications of IoT, AI, and machine learning are also covered. It discusses ethics, socioeconomics, and adoption issues. The study found that IoT, AI, blockchain, and robots enable resource management monitoring and optimisation. However, financial, ethical, and social issues persist. Integrating economic and financial views promotes collaborative, inclusive, and internationally coordinated initiatives, according to the research.
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