The main missions and objectives of science and technology research are to search for ‘truth’
and provide benefits to mankind. Under the Industry 4.0, the Science, Innovation, and Technology are
the main ‘conditions for full employment’ and Economic Development which is an imperative goal of
every National Government. Generative AI and Machine Learning, IoTs, Cloud and Edge computing,
Decentralised Finance (DeFi), Sustainable technology, Cybersecurity, Blockchain, Big data,
Datafication, Robotics and Robotic Process Automation (RPA), Natural language processing, Drones,
3D Printing, Genomics, Metaverse, Virtual Reality (VR), Augmented Reality (AR) and Extended Reality
(ER), 5G,and Full Stack Development etc are changing human behaviour and activities. Among these,
the rise of the AI and ML technologies have led to an unprecedented level of automation. AI allows
computers to learn and solve problems mimicking human cognition and behaviour. This research
explores the ‘dual’ impact of AI on economy and society that requires appropriate balance of
regulation and governance for which the national governments and policy makers, universities, and
the industry need to work together for maximising the benefits of the AI.
Dr Mohamed Nurullah is an Associate Professor (Reader) and former Head of the Department of
Accounting, Finance, and Informatics of Kingston University London. Mohamed is also the Doctoral
Programme Coordinator for the Department and holds the Membership of the Faculty's Research
Degrees Committee (FRDC). Mohamed joined Kingston University in 2009 from Glasgow Caledonian
University. Prior to that he worked full time for four years at City, University of London from where he
also completed his PhD in 2000. Mohamed teaches finance, financial technology, financial
engineering, and financial regulation at postgraduate level. He has published papers in leading
academic journals. He has written reports for the UK government, and other national and
international organisations. He has presented papers in Europe, North America, Australia, and other
Asia-pacific countries. Mohamed has successfully supervised 20 PhD students. He holds visiting
positions at the University of Glasgow, City University London, and Amity University, India. Previously
he acted as Chief Examiners for the Chartered Institute for Securities and Investment (CISI) and the
Institute of Financial Services (ifs) London.