Study: Computer Payoffs Will Come From New Applications

Jan. 13, 2005
By John A. McClenahen If a study from the Congressional Budget Office is correct, significant productivity gains from advanced computer technology will come from new applications for the machines, not existing ones. "For example, if increasingly ...
ByJohn A. McClenahen If a study from the Congressional Budget Office is correct, significant productivity gains from advanced computer technology will come from new applications for the machines, not existing ones. "For example, if increasingly powerful processors were applied solely to word processing, the benefits from additional processor speed would decline rapidly," says CBO. "However, faster processors can bring large benefits from emerging computer applications such as biotech research or speech recognition." The study, which was released this month and deals mainly with the growth of potential GDP that's not accounted for by capital and labor, assumes that computer technology will improve and the uses to which businesses and consumers put computers will increase.

Popular Sponsored Recommendations

3D Printing A More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Modern Edge Computing Accelerates Smart Manufacturing Initiatives for Discrete Manufacturers

Oct. 22, 2023
Discover how Edge Computing platforms are a requisite for discrete manufacturers to solve production challenges, accelerate digitalization, and establish a reliable infrastructure...

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!