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Natarajan, Subramanyam
- Balanced Development using Ontology-Based Tantra Framework
Abstract Views :294 |
PDF Views:21
Authors
Affiliations
1 PES University, 100 Feet Outer Ring Road, Bangalore – 560085, IN
1 PES University, 100 Feet Outer Ring Road, Bangalore – 560085, IN
Source
Journal of Information and Knowledge (Formerly SRELS Journal of Information Management), Vol 56, No 1 (2019), Pagination: 1-12Abstract
The idea of Balanced Development is to ensure equitable distribution of necessities of life and creation of productive remunerative employment across society. Balanced development is a prerequisite for sustainable economic growth and shared prosperity. To facilitate this challenging task, we have proposed an Ontology-based Tantra Social Information Management Framework that can help set goals, design and evaluate interventions, define and monitor relevant metrics in an ongoing basis. Tantra Framework represents social information using ideas from Zachman Framework and concepts from Unified Foundational Ontology. Tantra Framework inter-operates with well-regarded models. Balanced Scorecard is used to define development objectives. Bartels’ Theory of Separations is used to identify barriers to access, consumption and profitable participation. Theory of Change process is used to arrive at right intervention. Distributed Ledgers are proposed to handle Change Management. A Social Information Management Process is proposed to keep the framework populated, complete and current. Tantra Framework can lead to broader Digital Governance Framework with strong cognizance of Social dimension. The paper explains how Tantra Framework can be used to realize Economic Development in Indian context.Keywords
Balanced Development, Balanced Scorecard, Ontology, Theory of Change, Zachman Framework
References
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- Balanced Growth using Ontology-Based Tantra Framework
Abstract Views :513 |
PDF Views:148
Authors
Affiliations
1 Department of Computer Science and Engineering, PES University, Banashankari, Bangalore - 560085, Karnataka, IN
1 Department of Computer Science and Engineering, PES University, Banashankari, Bangalore - 560085, Karnataka, IN
Source
Journal of Information and Knowledge (Formerly SRELS Journal of Information Management), Vol 56, No 4 (2019), Pagination: 171-187Abstract
Indian Economy is one of the fastest growing economies in the world, currently growing at around 7%. However, India’s growth has been highly uneven and lop-sided. Sectors such as services relying on exports have grown far more whereas manufacturing and agriculture have languished. As global trade environment becomes tougher, there is increasing realization that India’s domestic economy needs to grow lot more. In this context, balanced growth theory proposed by Ragnar Nurkse and many other Economists in 1950s is worth revisiting. Nurkse called for unleashing growth across different sectors of domestic economy simultaneously. Nurkse identified productivity as key determinant of market size and considered the poor as participants in the growth process than as mere beneficiaries. Even though balanced growth model is an ideal to aspire for, there are very few success stories which laid a clear roadmap to achieve it. Further, we need to reimagine the balanced growth model for today’s context to take into consideration newer challenges and opportunities compared to 1950s. In addition, the role of the Government needs to be recalibrated to be a catalyst in market economy in contrast to planned economies. To accomplish this complex task, we need an information framework that has an ecosystem approach and looks at society holistically. We propose the use of Ontology-based Tantra Social Information Management Framework to steer India towards the balanced growth ideal. This paper contains the description of Tantra Framework and our approach to realize balanced growth using Tantra Framework.Keywords
Balanced Growth, Balanced Scorecard, External Economy, Ontology, Zachman Framework.Full Text
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