Wired for Innovation: How Information Technology Is Reshaping the Economy

Wired for Innovation: How Information Technology Is Reshaping the Economy

Wired for Innovation How Information Technology Is Reshaping the Economy Two experts on the information economy explore the true economic value of technology and innovation A wave of business innovation is driving the productivity resurgence in the U S economy In Wired for

  • Title: Wired for Innovation: How Information Technology Is Reshaping the Economy
  • Author: Erik Brynjolfsson Adam Saunders
  • ISBN: 9780262013666
  • Page: 232
  • Format: Hardcover
  • Two experts on the information economy explore the true economic value of technology and innovation.A wave of business innovation is driving the productivity resurgence in the U.S economy In Wired for Innovation, Erik Brynjolfsson and Adam Saunders describe how information technology directly or indirectly created this productivity explosion, reversing decades of slow grTwo experts on the information economy explore the true economic value of technology and innovation.A wave of business innovation is driving the productivity resurgence in the U.S economy In Wired for Innovation, Erik Brynjolfsson and Adam Saunders describe how information technology directly or indirectly created this productivity explosion, reversing decades of slow growth They argue that the companies with the highest level of returns to their technology investment are doing than just buying technology they are inventing new forms of organizational capital to become digital organizations These innovations include a cluster of organizational and business process changes, including broader sharing of information, decentralized decision making, linking pay and promotions to performance, pruning of non core products and processes, and greater investments in training and education.Innovation continues through booms and busts This book provides an essential guide for policy makers and economists who need to understand how information technology is transforming the economy and how it will create value in the coming decade.

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      232 Erik Brynjolfsson Adam Saunders
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      Posted by:Erik Brynjolfsson Adam Saunders
      Published :2019-06-03T14:26:41+00:00

    819 Comment

    Excellent overview and guide to the research on the economic effects of information technology. Short chapters with pointers to more reading, good examples, concludes with avenues for further research. I will use this as an assignment for my technology strategy students - rather than giving them a few articles, they might as well read the whole book.

    This book for the leaders of organisations responsible for strategic development - it is not for ICT enthusiasts. Bryjolfsson [MIT] and Saunders [Penn] review the recent economic research literature on the impact that IT is having on the [US] economy. Thus there is nothing original about this book - it concisely and in very readable way facilitates keeping up to date with the latest trends and research findings.The most important conclusion that they draw iis that the firms that have been transf [...]

    "The companies with the highest returns on their technology investments did more than just buy technology; they invested in organizational capital to become digital organizations. Productivity studies at both the firm level and the establishment (or plant) level during the period 1995-2008 reveal that the firms that saw high returns on their technology investments were the same firms that adopted certain productivity-enhancing business practices. The literature points to incentive systems, train [...]

    This is a little book on what you cannot measure. It starts with intangible benefits people enjoy (e.g by Google and search) which do not show-up in GDP, which is more focused on tangible good. What then would be a reasonable way to measure total benefit to individual? After raising the question, the authors go on to the main topic of measuring the contribution of IT on productivity and economic growth. The issue is related to business practice and organizational capital which is also difficult [...]

    Bit too basic, but provides reader without prekbowledge on innovation subject with a good overview of academic literature. Great summary imo.

    Innovation from an economic perspective. Very insightful for the valuation of ICT and free goods Good to take with me but a lot of ballast to go through first.

    It brings a good econometric perspective about IT investment and some insights about productivity outcomes. However it misses talking about strategy for successful adoption of IT technologies.

    The most authoritative econometric account of the impact of ICT on business productivity I have read to date. Truly brilliant

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