“Money spent on computing technology delivers gains in worker productivity that are three to five times those of other investments, according to a study being published Tuesday. ” - news.com
Here’s the summary of the report …
“There have been surprisingly few attempts to catalogue what is known about the economic impact of information and communications technology (IT). In a new report, ITIF does just that, examining the impact of IT in five key areas: 1) productivity; 2) employment; 3) more efficient markets; 4) higher quality goods and services; and 5) innovation and new products and services. The report finds that the integration of IT into virtually all aspects of the economy and society is creating a digitally-enabled economy that is responsible for generating the lion’s share of economic growth and prosperity, both here and abroad, including in developing nations. Importantly, the “IT engine” does not appear likely to run out of gas anytime soon and should power robust growth for at least the next decade, provided that policy makers take the right steps. ” - Information Internet Technology Foundation
And here are a couple of interesting graphs …
