The Coming Era of Productivity Growth

Irving Wladawsky-Berger

“The last 15 years have been tough times for many Americans, but there are now encouraging signs of a turnaround,” wrote economists Erik Brynjolfsson and Georgios Petropoulos in The Coming Productivity Boom , a recent opinion article in the MIT Technology Review.

post-production society

Harold Jarche

Technology at Work v6.0 — The Coming of the Post-Production Society , is the latest research report from Citi Global Perspectives & Solutions, published in June 2021 [Disclosure: Citi is a client]. The Post-production Society.

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Robocalypse Now? Technology, Productivity and Employment

Irving Wladawsky-Berger

His presentation was based on a paper co-written with Utrecht University economist Anna Salomons. “Is productivity growth inimical to employment?,” they asked in the paper’s abstract. “Canonical economic theory says no, but much recent economic theory says maybe - that is, rapid advances in machine capabilities may curtail aggregate labor demand as technology increasingly encroaches on human job tasks.”. Has productivity growth threatened employment?

Products

Clark Quinn

I don’t usually talk about products, particularly ones I’ve received as opposed to have chosen. mobile technology However, there are a couple of mentions worth making: GOOD. I won a copy of Navigon. I’d always wanted a GPS, but didn’t want to buy one, figuring they’d get outdated. I was glad to get it, as Google Maps wasn’t allowed to do turn-by-turn on the iPhone. I’ve used it a number of times, and have been very satisfied.

Business and Technology Predictions for 2021 and Beyond

Irving Wladawsky-Berger

Earlier this year, I attended Predictions 21 , an online event organized by Forrester Research to help companies understand the key business and technology dynamics that will shape 2021 and beyond. More than one-third of B2B technology buyers say digital channels have become more important.

The Puzzling Personal Productivity Paradox

Irving Wladawsky-Berger

The past 10-15 years have seen a number of technology advances, from smartphones to machine learning. Yet, despite these impressive advances, for most of this period economies around the world have been stuck in an era of slow productivity growth. Opinions abound, but in the end, there’s no consensus on the causes of this apparent productivity paradox , on how long the slowdown will likely last, or on what to do about it.

Solow Paradox 2.0: The Lagging Impact of Technology Advances on Productivity Growth

Irving Wladawsky-Berger

Our aging economies are thus dependent on productivity gains to drive long-term economic growth , future prosperity and higher standards of living. Which is why few topics have generated as much concern among economists and policy makers as the sharp decline in productivity growth in the US and other advanced economies over the past decade, - despite accelerating technology advances. Their average productivity growth in the 5 years between 2000 and 2004 was 2.4%.

The Post-Pandemic Outlook for Technology, Jobs, and Skills

Irving Wladawsky-Berger

The WEF report aims to shed light on the post-pandemic outlook for technology adoption, jobs and skills over the next five years, including detailed quantitative profiles on 15 industry sectors and 26 advanced and emerging countries.

Skills 157

The Productivity Puzzle

Irving Wladawsky-Berger

Economic growth has two main components, productivity growth and the growth of the labor force. I ncreasing productivity is thus more crucial than ever to promote economic growth. But, in the US and other advanced economies, productivity growth has significantly slowed down over the past few decades. From 1987 to 2004 US labor productivity grew at a 2.1% Since 2011, the productivity rate has further declined to 0.6%. . US labor productivity grew at only 1.5%

AI and the Productivity Paradox

Irving Wladawsky-Berger

But, at the same time, productivity growth has significantly declined over the past decade, and income has continued to stagnate for the majority of Americans. This puzzling contradiction is addressed in Artificial Intelligences and the Modern Productivity Paradox , a working paper recently published by the National Bureau of Economic Research (NBER). Economists have proposed competing explanations for declining productivity growth and so far have failed to reach a consensus.” .

Educational Research in Learning Technology

Stephen Downes: Half an Hour

Kerr in this recent post , about how research in educational technology could be improved, but I have disagreements around the edges, enough that I think more discussion is warranted. Here are just a few: - access - it is demonstrably true that educational technology has increased access.

AI Technologies Are Fundamentally Changing How Work Gets Done

Irving Wladawsky-Berger

After decades of promise and hype, artificial intelligence is finally becoming one of the most important technologies of our era. AI technologies, like machine learning, are clearly having a major impact on the very nature of work.

The Productivity Paradox: Digital Abundance and Scarce Genius

Irving Wladawsky-Berger

Despite the relentless advances of digital technologies, productivity growth has been declining over the past decade. Some contend, - most prominently Northwestern University economist Robert Gordon , - that over the past few decades there’s been a fundamental decline in innovation and productivity. While technologies may advance rapidly, humans and our institutions change slowly. Why then is productivity growth so lukewarm?

Xyleme CCMS Announces Integration with Congree Language Technologies, Inc.

Xyleme

announced today an integration with Congree Language Technologies, Inc. , We pride ourselves on our commitment to continually improve and expand our product and service offerings,” says Leslie Farinella, Chief Operations Officer at Xyleme. “We’re About Congree Language Technologies.

The Puzzling Economic Impact of Transformative Technologies

Irving Wladawsky-Berger

They have great potential from the outset, but realizing that potential requires larger intangible and often unmeasured investments and a fundamental rethinking of the organization of production itself.”. For example , US labor productivity grew at only 1.5%

Misadventures in Content Production: Copying & Pasting is Not Reuse

Xyleme

With the right technology, true reuse is not only possible, it’s sustainable. . The post Misadventures in Content Production: Copying & Pasting is Not Reuse appeared first on Xyleme.

AI Is Mostly About Business Value, Not Technology

Irving Wladawsky-Berger

For example, in a 2018 Harvard Business Review article he co-authored, Davenport advised companies to build their AI capabilities through the lens of business opportunities, rather than technology. Transformative technologies are prone to hype cycles , - remember the dot-com bubble.

AI and the Productivity Paradox

Irving Wladawsky-Berger

But, at the same time, productivity growth has significantly declined over the past decade, and income has continued to stagnate for the majority of Americans. This puzzling contradiction is addressed in Artificial Intelligences and the Modern Productivity Paradox , a working paper recently published by the National Bureau of Economic Research (NBER). Economists have proposed competing explanations for declining productivity growth and so far have failed to reach a consensus.” .

Continuous learning : it’s a mindset not a technology or product

Jane Hart

In this fast-moving world, we constantly need to learn new stuff. In the workplace, this is particularly important, as I showed in an earlier blog post, where Jacob Morgan talks of the future employee moving from “knowledge worker” (knowing stuff) to “learning worker” (learning new stuff). So how can organisations support continuous learning at work? It […]. Social learning

Technology, Marketing and Storytelling

Irving Wladawsky-Berger

Digital technologies, - mobile, cloud, social, Internet of Things, big data and analytics, AI… - are transforming just about every aspect of business. In particular, surveys show that these technologies are transforming the overall customer experience , and their application to marketing and customer service offers companies the largest business returns. In addition, technology is now amplifying the impact of storytelling on the customer experience.

Remote Work is Surprisingly Productive, But For Many… Something Is Missing

Irving Wladawsky-Berger

asks science and technology journalist Clive Thompson in the title of his June 9 NY Times Magazine article. “The coronavirus crisis is forcing white-collar America to reconsider nearly every aspect of office life. What If Working From Home Goes on … Forever?

Leveraging Technology

Clark Quinn

Technology is supposed to support our goals, and, when well-written, it does. Here’s the requirement from my publisher: Our production process requires minimal file formatting; do not use formatting such as fields and links, styles, page headers or footers, boxed text, and so on. Um, people, this is why we have technology: to support us in working smarter, not to go to a last-century (or worse) manual process. design meta-learning strategy technology

The New Era of Smart, Connected Products

Irving Wladawsky-Berger

An equally optimistic view was expressed in another excellent article, - How Smart Connected Products are Transforming Competition , - published in the November issue of the Harvard Business Review by Michael Porter and James Heppelmann. . We generally think of products as physical entities, - e.g., clothes, light bulbs, appliances, cars, - some quite simple and some much more complex, built using sophisticated mechanical and/or electrical components.

Cloud, Services and the Transformation of Production

Irving Wladawsky-Berger

It will undoubtedly transform the information technology (IT) industry, but it will also profoundly change the way people work and companies operate. It will allow digital technology to penetrate every nook and cranny of the economy and of society, creating some tricky political problems along the way.”. What do we mean by the production of services ? In the industrial economy, production was mostly applied to physical goods, while services were primarily labor-based.

Global Arbitrage and the Productivity Puzzle

Irving Wladawsky-Berger

A couple of weeks ago I wrote about The Productivity Puzzle , - namely that despite our continuing technology advances, the US and other developed economies have experienced a sharp decline in productivity growth over the past 10 to 15 years. So far, though, economists have failed to reach consensus on the causes of the productivity growth slowdown or indeed the relative significance of the various arguments,” wrote McKinsey.

Technological Unemployment and the Future of Work

Irving Wladawsky-Berger

Few topics are as important, - and as challenging to anticipate, - than the future of work given our justifiable fears of rising technological unemployment. One such discussion took place this past September at the The World Summit on Technological Unemployment in New York. I moderated a panel on Technology and the Future of Work, where MIT economist David Autor and NY Times reporter John Markoff talked about their most recent work.

Where is Technology Taking the Economy

Irving Wladawsky-Berger

I recently read Where is Technology Taking the Economy? , The first era, in the 1970s and 1980s, brought us Moore’s law and the dramatic advances in semiconductor technologies. And data can’t easily be owned either, it can be garnered from nonproprietary sources… if past technology revolutions are indicative, we will see entirely new industries spring up we hadn’t even thought of.”. But, as we well know, there are serious downsides to technology-based automation.

Serving Experience As The Product

Adaptive Path

The experience is the product. Whether we talk about greeting cards, mobile apps, or vacation get-aways, the experience is the product. From the perspective of customers, everything that goes into making up that experience—technology, materials, service support, or a supply chain—simply becomes the magic behind the experience. Many of the products we spend the most on and spend the most time with are platforms for services.) Serving experience as the product.

Five emerging technologies for rapid digital transformation

Dion Hinchcliffe

The enterprise world of technology is finally catching up with the consumer world. Here are some representative examples of new enabling products for faster digital change

Enterprise social technologies

Harold Jarche

I am presenting on enterprise social technologies, learning and performance at the Learning Technologies conference in London today. How do you know if your organization has the right mix of information technology to support social learning, collaboration and knowledge-sharing, if you cannot discuss this with colleagues outside your department? Office 365 productivity tools. SocialLearning Technology

Can IBM Watson Workspace Save Our Productivity?

Luis Suarez

Apparently, our productivity as employees has been plummeting since the mid 70s. Yet, productivity still is very weak and we don’t seem to succeed in figuring out who (or what) is to blame for that. Can we help redefine productivity for us all, once more, and, more interestingly, can we rely on technology, specially, AI, to help us out in that daunting task at hand? Yes, indeed, you are reading it right, since the mid 70s !

The Top Ten Emerging Technologies of 2017

Irving Wladawsky-Berger

Earlier this year, Scientific American , in collaboration with the World Economic Forum , published a special report on The Top Ten Emerging Technologies of 2017. These technologies, - selected by a global panel of experts , - “are expected to become increasingly commonplace in the next few years,” and are “attracting increased funding or showing other signs of being ready to move to the next level.”. The full report includes a one-page description of each of these technologies.

From Mass Production to Mass Individualism

Irving Wladawsky-Berger

Technology and globalizations have significantly reduced the employment opportunities and earning of middle-skill, middle-wage jobs. All kinds of new products and services, like Airbnb, are now coming to market. Beyond the enabling technologies, major social and economic forces are behind what Brooks calls a new trust calculus. But, digital technologies and lots of information have been eroding the power of large-scale mass production.

Productivity and Employment (and Technology): In the Jaws of the Snake

Andy McAfee

Smart guy Jared Bernstein came to MIT yesterday and gave a talk to the seminar Erik Brynjolfsson and I are organizing on how technology is affecting the economy. He said some nice things about the work Erik and I did in Race Against the Machine to highlight technology’s role in this phenomenon (he blurbed our book), and showed a very clever graph. It’s a graph of American labor productivity growth and employment growth for the whole post-war period.

Automation Technologies and the Future of Work

Irving Wladawsky-Berger

Last year, McKinsey launched a multi-year study to explore the potential impact of automation technologies on jobs, organizations and the future of work. “Can we look forward to vast improvements in productivity, freedom from boring work, and improved quality of life?,” It found that 45% of work activities could be automated using existing, state-of-the-art technologies.

The Top Ten Emerging Technologies of 2016

Irving Wladawsky-Berger

For the past several years, the World Economic Forum (WEF) has published an annual list of the Top Ten Emerging Technologies that would likely have the greatest impact on the world in the years to come. The list is compiled by the WEF Meta-Council on Emerging Technologies , a panel of global experts led by Dr. Bernard Meyerson , - IBM Fellow and Chief Innovation Officer. The technologies on the list are not new.

Global Arbitrage and the Productivity Puzzle

Irving Wladawsky-Berger

A couple of weeks ago I wrote about The Productivity Puzzle , - namely that despite our continuing technology advances, the US and other developed economies have experienced a sharp decline in productivity growth over the past 10 to 15 years. So far, though, economists have failed to reach consensus on the causes of the productivity growth slowdown or indeed the relative significance of the various arguments,” wrote McKinsey.

Services, Production and Clouds

Irving Wladawsky-Berger

Last week I wrote about the workshop I recently attended in IBM’s Almaden Research Lab on The Co-Evolution of Future Technologies, Skills, Jobs, and Quality-of-Life. Given the major advances in the power and costs of information technologies, many more such service activities are now amenable to be transformed into algorithms and embodied in software. Over the past several years I have given a number of seminars on technology and innovation in services.

The Dearth of Science in Learning Technology

Clark Quinn

Over the years, I’ve looked at a lot of learning technology. First, I generally resist the ‘let me show you our product and give us your opinion’ That’s free consulting, and a very rude ask! I end up seeing a lot of technology by checking it out when someone talks about it, or wandering expo halls. And I likewise offer any organization using learning technology to help them lift their game and be better consumers. strategy technology

Technology and the Future of Media

Irving Wladawsky-Berger

Most everyone will agree that advances in information and communication technologies (ICT) are radically transforming the business landscape. Internet users already spend 20–30% of their time online, mainly engaging with media content… Globalization, deregulation, technological innovation and the convergence of previously separate industries such as media, entertainment, information, and consumer electronics, have created a somewhat turbulent media landscape.”.

IT, Productivity and Organizational Capital

Irving Wladawsky-Berger

But, to achieve long term economic growth, as well as gains in our standard of living , the US must also focus on innovation and productivity growth. US labor productivity - “the amount of goods and services that a laborer produces in a given amount of time” - grew at only 1.5% This period of slow productivity coincided with the rapid growth in the use of computers in business, giving rise to the Solow. technology to automate existing processes wasn’t enough.

Technology, Resources and Innovation

Stephen Downes: Half an Hour

Take that base scaffolding and then wrap a learning community around it, based on great teaching, great technology, and the power it provides. I see that technology today, in pockets. We could develop courses by ourselves pre-technology. So - how do we drive down the cost of content production, and how do we make sharing easier. technology standards. We have all the technology, but we just aren’t demanding it yet.

Technology Integration in K-12

Stephen Downes: Half an Hour

I was asked, I''m curious as to what you think the three most important things for new teachers to know about technology integration in k-12? The exact technology doesn''t matter much, and has evolved over the years, from the days of email mailing lists, to community bulletin boards, to social networking sites like Twitter and Facebook. That''s because of the question you asked, which focuses on new teachers and technology integration in the classroom.