New Technologies Building The Social Capital

New Technologies Building The Social Capital

by EPSEC

In partnership with ENGIE, a global technology provider, we are developing the concept of using new technologies to help creating the social capital.

EPSEC is facilitating the concept of using new technologies to help creating the social capital. In partnership with ENGIE, a global technology provider, we are examining the ways of applying the best-available technologies in the fields of the Internet of Things, Big Data and energy efficiency.

In the contemporary world the success of environmental, educational, cultural or healthcare projects is highly determined by direct involvement of the public. In civil societies, any top-down orders or prohibitions would not efficiently cater for the public involvement. What is needed is the so-called social capital. Taking energy as an example, it is the social capital that makes people adhere to the idea of energy conservation of their own accord, by understanding that energy resources need to be saved for future generations and those who implement solutions saving the resources need to be trusted. The same pattern applies to other initiatives contributing to economic growth in different sectors, e.g. in education, culture or healthcare.

Though the levels of social capital tend to be higher in the most-developed and wealthiest societies, more and more research reveal that investing in the social capital, and not only in tangible or financial capital, is vital for less-advanced economies to catch up with the leaders.

New technologies offer plenty of ways to impact building of the social capital. In our research activities we focus on the use of new technologies in the areas of the Internet of Things, Big Data and energy efficiency.

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