Tag Archive: Productivity

Jun 28

AI the next GPT?

June, 2017 PWC – Price Waterhouse Coopers, the management consultancy – claim global GDP will be some 14% higher in 2030 as a result of AI – Artificial Intelligence This is equivalent to an extra $15.7trn The greatest gains will be realised in China and North America Anand Rao, global leader of AI at PWC …

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Jun 27

Baumol’s disease explains puzzle?

June, 2017 Willaim Baumol recently died aged 95 – ‘Baumol’s disease’ is thought by some to explain the current productivity puzzle afflicting most developed nation’s economies, especially their labour-intensive service industries e.g. heathcare, education, performing arts Quoting from an article by George Will in The Washington Post, Senator Daniel Moynihan explained this disease: “The number …

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Jun 23

Productivity important? – Yes – Measured? – No!

June, 2017 Capita recently surveyed 250 managers and 250 workers across a range of UK industries including retail, logistics and construction They found a ‘huge disconnect’ between the number of managers who feel productivity is important and those who actually measure it Key findings were: Just 32% of bosses feel their business is very productive …

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Jun 22

Political Parties’ Productivity Plans

June, 2017 Productivity is the biggest peacetime issue facing all UK political parties – annual improvements are vital if living standards and average earnings are to be raised – so what did their recent manifestos say about it? Conservative Manifesto: Introduce a National Productivity Investment Fund – to spend £23bn by the end of the …

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May 15

Productivity positions built on sand

May, 2017 On Friday, 12 May, 2017, I read an article about Chinese productivity posted by Bloomberg journalist Michael Schuman and sent him the following email: Michael, I read your article about Chinese productivity with great interest The first step in any major productivity improvement drive is indeed to establish the current position – where are you …

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May 12

CEOs rate potential of new technology ‘very low’

May, 2017 A new Gartner survey of 388 CEOs/ senior executives found they rated as “very low” the potential for productivity improvement from new breakthrough technologies i.e. 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 …

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May 11

Unipart & Vanguard show ‘Ways’ for BIG improvements

May, 2017 Productivity is the most important peacetime issue facing any nation or organisation – therefore, one would expect all governments and major business schools, management organisations and consultancies to focus on it Not so   For example: The UK has no well-known, well-supported productivity ‘centre of excellence’ e.g. a UK Productivity Centre – HMG …

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Apr 15

Passports for Productivity Improvement?

April, 2017 Some say the ‘Productivity Puzzle’ is the result of a storm of problems affecting both supply and demand in G7 developed nations viz: Supply: In the past, major technological advances (aka Schumpeter discontinuities) enabled quantum leaps in productivity levels – G7 nations would all adopt them and improve at about the same rate – now, …

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Apr 15

IoT – Internet of Things

April, 2017 “The IoT can help businesses be more productive and efficient” says Phil Goldstein, web editor for BizTech – but they need a plan to integrate disparate technologies whilst addressing protection needs against malicious actors Steve Darrah, director of national solutions at Intel, says that “IoT can be used to improve efficiency and profitability, …

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Mar 23

Pareto for Productivity

March, 2017 Pareto, a 19th century Italian economist, spotted that “80% of effects arise from only 20% of possible causes” – apply this rule to national productivity levels and just the top quintile of companies determine whether improvements are made – and it has been ever thus In other words, the great majority of companies …

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