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Why Is Technology Not Producing Productivity Improvements?

The Horizons Tracker

In 1987 Robert Solow famously remarked that computing is everywhere except in the productivity statistics. His comment reflected frustration that despite the considerable hype around the digital technologies of the day, productivity stats were barely moving. Official data reveals that while GDP grew by around 2.7%

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Unleashing AI’s Potential: The Imperative of Creative Executive Leadership

N2Growth Blog

Understanding the AI Landscape The transformative impact of AI is undeniable, particularly in the technology sector. Creative Executives: The Catalysts of AI Revolution In a world inundated with data and technology, a distinguishing factor lies not in possessing advanced AI tools but in how these tools are employed.

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How Developing Countries Can Benefit From Green Technologies

The Horizons Tracker

The production of goods and services with smaller carbon footprints, also known as green technologies, is on the rise and presents numerous economic opportunities. “We are at the beginning of a technological revolution based on green technologies,” the authors explain.

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Did Remote Working Result In Falling Productivity During Covid?

The Horizons Tracker

The study examined a number of existing studies, each of which applied a unique approach to examining productivity during Covid. For instance, some measured productivity based on accounting data, some measured it based on the hours worked and the activities people performed, while others measured productivity via self-assessment from workers.

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Longer And More Complex Supply Chains Benefit Economies

The Horizons Tracker

“We show that production chains accumulate the benefits of technology improvement so that long production chains facilitate faster price reduction in industries and faster GDP growth in economies,” they explain. “These are latent predictions in standard models that we develop theoretically and show that they bear out in the data.”

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The Factors That Influence Acceptance Of AI In Hospitality

The Horizons Tracker

However, the extent to which hotel guests embrace AI technology has remained an elusive query, until now. A recent study conducted by the University of Houston sheds light on the degree of acceptance among hotel guests regarding AI technology. “And the most important factors were perceived ethics, followed by benefits. .”

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Business Model Innovation Will Be Key To Emerge From Covid Well

The Horizons Tracker

The authors argue that when combined with the adoption of new digital technologies, economies can achieve productivity growth of around 3.5%, versus the 1% that is predicted currently. “We posit that rapid productivity growth offers the only viable option and that it can reduce the debt to GDP ratio to pre-pandemic.