Tag Archive: Innovation

Sep 15

The coming productivity boom

Why is the American economy not as productive as it used to be? Why is US GDP growth below 2% per annum, well short of the 3.5% it averaged before the Great Recession of 2008? Bret Swanson, President of Entropy Economics, and Michael Mandel, an economist, believe ‘the long productivity drought is almost over, as …

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Jul 13

AI becoming mainstream in retail

Expert systems to aid human and plant maintenance and clever OR (Operations Research) computer models (aka apps) to find optimum solutions to complex business problems have been around for over 50 years now AI (Artificial Intelligence) is just the latest moniker for much the same, albeit more powerful Retail Week recently published an article about …

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Jul 12

The Fourth Industrial Revolution

The following sweeping pearls of wisdom are 100% from Klaus Schwab, founder and executive chairman of the World Economic Forum I could not, indeed would not dare, try to improve on them but they surely deserve to be widely read We stand on the brink of a technological revolution that will fundamentally alter the way …

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Jul 11

Digital investment for productivity

An interesting article from IoT Agenda explores why digital investment in increasingly capable devices/ things/ solutions are empowering businesses to transform their processes and workflows but not showing up in real productivity gains One theory is ‘the metrics used are suspect’ – however, the author sides with another The rapid evolution in transformative technologies (e.g. …

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Jul 11

Five forces to reshape civilisation by 2030

Peter Morici, economics professor at the Smith School of Business, University of Maryland, USA, recently published some interesting views on changes he expects world-wide by 2030: A reworking of democracy – Democratic societies outperformed all others in the 20th century – however, recent populism (ideas which appeal to ordinary people) has led their governments to …

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May 12

CEOs rate potential of new technology ‘very low’!

A new Gartner survey of 388 CEOs/ senior executives found they rated as “very low” the potential for productivity improvement from new breakthrough technologies such as IoT, AI, blockchain (secure databases) and 3D printing In particular, when asked for their ‘top enabling technology for improving productivity’: Only 2% chose IoT – and only 1% picked either …

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Mar 20

The capitalist’s dilemma

N.B. The following are extracts from an article published in the Harvard Business Review in June, 2014 – it remains highly relevant today Professor Clayton Christensen and Derek van Bever of Harvard Business School  have embarked on a fascinating study into what may be holding back growth in the USA and elsewhere given ‘corporations are …

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Stiglitz questions labour-saving innovation

Many of the innovations that led to productivity increases in manufacturing ended up playing a role in the economic downturn that began in 2008, says Nobel laureate economist Joseph Stiglitz For a long time, he said, many countries have been focusing disproportionately on innovation in the wrong areas, such as saving labour “We have a …

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