article thumbnail

Why Is Technology Not Producing Productivity Improvements?

The Horizons Tracker

The recent Global Innovation Index raised concerns that we’re leaving through a Solow redux, with considerable investments in technology, innovation, and entrepreneurship failing to deliver the kind of productivity improvements that improve the lot of people across society. “The

article thumbnail

The Factors That Influence Acceptance Of AI In Hospitality

The Horizons Tracker

In recent years, artificial intelligence (AI) has made significant strides in enhancing hotel operations and streamlining efficiency. Notably, the research asserts that the most substantial economic gains from AI are projected to occur in China, with a predicted 26% boost to GDP by 2030, followed by North America, expected to experience a 14.5%

Hotels 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is The Period Of Global Economic Growth At An End?

The Horizons Tracker

While there have been undoubted ebbs and flows, the last century has seen growth in GDP like never before. Among the key factors in this slowdown is the aging of populations across the developed world, but the authors also cite factors such as the transition towards service-based economies and a slowdown in the rate of innovation.

article thumbnail

Report Reveals The Economic Consequences To Supply Chains From War In Ukraine

The Horizons Tracker

Research from Accenture suggests that these difficulties could wipe €920 billion from GDP across the Eurozone alone during 2023, which equates to just under 8%. “Improving energy efficiency and speeding up the transition to green energy sources will be critical to achieving security.

article thumbnail

How Managerial Quality Affects Energy Usage In Manufacturing Firms

The Horizons Tracker

In many ways, it seems like something of a no brainer for the sector to target emissions, as making their operations more efficient has productivity benefits as well as environmental ones. of global GDP. Nowhere is this more evident than in the manufacturing sector, which is one of the primary producers of greenhouse gas emissions.

Energy 81
article thumbnail

How Skills Will Be Crucial As We Adapt To The Post-Covid World

The Horizons Tracker

The report highlights how should this trend continue, it could raise British GDP by £4.1 “In some cases, the recent changes have contributed to productivity by reducing the need for time consuming administrative tasks, and may have even allowed people to work more flexibly and efficiently.” billion per year.

Skills 106
article thumbnail

4 Things Your Innovation Efforts Shouldn’t Focus On

Harvard Business Review

But too often CEOs find themselves stuck in what I call an innovation plateau. A main indicator of how widespread this plateau has become is the decline in corporate investment in R&D, the invisible infrastructure that supports true innovation. GDP in the 1970s to 0.78% today. Innovation Strategy: Timing and Scope.