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The Real Reason Companies Are Spending Less on Tech

Harvard Business Review

After the dot-com bubble, investment in software and information processing equipment in the U.S. As a percentage of GDP, it’s now back to mid-1990s levels: There’s a version of the chart above in the much - discussed paper that MIT economist David Autor presented last week at the Federal Reserve’s annual Jackson Hole meeting.

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Digital Transformation Is Racing Ahead and No Industry Is Immune - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business Review

Read more from DXC Technology: Embracing Digital Change Requires a Clear Strategic Focus. Digital transformation transcends technology. Digital transformation is often viewed through a narrow technology lens, as just another mobile project or e-commerce initiative. How to Become a Digital Enterprise.

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China’s Economy, in Six Charts

Harvard Business Review

Its gross domestic product has surged from less than $150 billion in 1978 to $8,227 billion in 2012 (see “China’s GDP” chart below). Despite these impressive achievements, there is still plenty of room for catch up, with China’s per capita GDP only a fifth of the U.S. percentage points of GDP growth in 1979-1989, 0.5

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The Power of Digitalizing Health Care - SPONSOR CONTENT FROM SIEMENS HEALTHINEERS

Harvard Business Review

The acceleration of digital technology has enabled the disruption of many disparate industries. Yet health care, which represents about 10% of global GDP, has lagged behind other sectors. Consumer demand in all markets, aided by technology, will drive disruption in the health care industry.

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The Middle East, Business, and the Long Term

Harvard Business Review

Recent access to technology has offered an irreversible level of transparency, connectivity, and inexpensive access to capital and markets unprecedented only five years ago. Entrepreneurs are watching these dynamics play out in real time: 1. Disposable income has grown 50 percent over the past three years, to over $1 trillion in 2012.

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Toward Africa 2.0

Harvard Business Review

Nigeria moved from a GDP of $35 billion to $207 billion within a decade largely because of massive investment from foreign business partners in information technology and banking. Ndubuisi Ekekwe is a founder of the non-profit African Institution of Technology. This Act will be a win-win on both sides of the Atlantic.

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How the Philippines Became Tech Startups’ New Source for Talent

Harvard Business Review

The Southeast Asia city’s rapid growth echoes the story of the so-called “unicorns” — technology start-ups that rapidly grew to a billion-dollar valuation and beyond. That’s significant for a country with a GDP of $270 billion. So far, 2015 has produced 30 unicorns.