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The PRODUCTIVE HARDWARE
The world is debating the Solow Paradox. Named after the Nobel laureate in economics, it was stated by him thus: "You can see the computer age everywhere these days, except in the productivity statistics". The venerable economic magazine, "The Economist" in its issue dated July 24th, quotes the no less venerable Professor Robert Gordon ("one of America's leading authorities on productivity") - p.20:
"...the productivity performance of the manufacturing sector of the United States economy since 1995 has been abysmal rather than admirable. Not only has productivity growth in non-durable manufacturing decelerated in 1995-9 compared to 1972-95, but productivity growth in durable manufacturing stripped of computers has decelerated even more."
What should be held true - the hype or the dismal statistics? The answer to this question is of crucial importance to economies in transition. If investment in IT (information technology) actually RETARDS growth - then it should be avoided, at least until a functioning marketplace is there to counter its growth suppressing effects.
The notion that IT retards growth is counter-intuitive. It would seem that, at the least, computers allow us to do more of the same things faster. Typing, order processing, inventory management, production processes, number crunching are all managed more efficiently by computers. Added efficiency should translate into enhanced productivity. Put simply, the same number of people can do more, faster, more cheaply with computers than they can without them. Yet reality begs to differ.
Two elements are often neglected in considering the beneficial effects of IT.
The first is that the concept of information technology comprises two very distinct economic activities: an all-purpose machine (the PC) and its enabling applications and a medium (the internet). Capital assets as distinct from media assets are governed by different economic principles, should be managed differently and be the subject of different philosophical points of view.
Massive, double digit increases in productivity are feasible in the manufacturing of computer hardware. The inevitable outcome is an exponential explosion in c...
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...y owned mega-networks. Servers will merge to form hyper-servers run on supercomputers. The number of ISPs will be considerably diminished.
50 companies ruled the greater part of the media markets in the USA in 1983. The number in 1995 was 18. At the end of the century they will number 6.
This is the stage when companies - fighting for financial survival - strive to acquire as many users/listeners/viewers as possible. The programming is shallowed to the lowest (and widest) common denominator. Shallow programming dominates as long as the bloodbath proceeds.
In hindsight, 20 years hence, we might come to understand that computers improved our capacity to do things differently and more productively. But one thing is fast becoming clear. The added benefits of IT are highly sensitive to and dependent upon historical, psychosocial and economic parameters outside the perimeter of the technology itself. When it is introduced, how it is introduced, for which purposes is it put to use and even by who it was introduced - largely determine the costs of its introduction and, therefore, its feasibility and contribution to the enhancement of productivity. The CEE countries better take note.
despite the vanishing jobs Americans’ productivity is on the rise and Americans still lead the
Information Technology (IT) is a foundation for conducting business today. It plays a critical role in increasing productivity of firms and entire nation. It is proven that firms who invested in IT have experienced continued growth in productivity and efficiency. Many companies' survival and even existence without use of IT is unimaginable. IT has become the largest component of capital investment for companies in the United States and many other countries.
...nd again resulting in creation of bigger markets and pulling large competitors and creating new job opportunities, but the problem is with undefined factors like outsourcing, lack of skill development in respect with technology advancement. Technology advancement may be causing huge impact on employment but it is also making human living better. Technology as became part and parcel of our life so we can’t think of life without technology, but to make sure that the same does not harm our livelihood we should keep in track and sharpen and hone our skills with advancement of technology. (Brynjolfsson & McAfee, 2011)
Computer technology is advancing at rapid rates. More and more information is found and processed every day. According to Linowes, ìMore information has been produced in the last thirty years than in the previous five thousand.î1 This information that is rapidly becoming available has produced many benefits to the human race. It has given humans more and more control over nature. It has been stated that ìthe computer has opened up new dimensions in communication, architectural design, engineering, medical analysis, and even artistic expression.î2 People thousands of miles away can do more than simply talk over the phone, but see each other while talking on their computer screens. Architectural structures are planned three dimensionally on the computer. This is much faster and easier than using blueprints. Humans are even considering education through computers. Students would not have to leave the comfort of their own home to go to school. Linowes states that ìinstead of confining formal learning to the classroom, students would be taught wherever they might beÖby giving them access to centralized information networks.î3 This would open up new doors for schooling and revolutionize the education system. Tasks for almost every profession and area of interest are done faster, more efficiently, and with less effort on computers.
Moor’s Law: The number of transistors incorporated in a chip will approximately double every 24 months. (Moore, 1965)
In the past few decades, one field of engineering in particular has stood out in terms of development and commercialisation; and that is electronics and computation. In 1965, when Moore’s Law was first established (Gordon E. Moore, 1965: "Cramming more components onto integrated circuits"), it was stated that the number of transistors (an electronic component according to which the processing and memory capabilities of a microchip is measured) would double every 2 years. This prediction held true even when man ushered in the new millennium. We have gone from computers that could perform one calculation in one second to a super-computer (the one at Oak Ridge National Lab) that can perform 1 quadrillion (1015) mathematical calculations per second. Thus, it is only obvious that this field would also have s...
A 2014 Oxford study found that the number of U.S. workers shifting into new industries has been strikingly small: In 2010, only 0.5 percent of the labor force was employed in industries that did not exist in 2000. The discussion about humans, machines and work tends to be a discussion about some undetermined point in the far future. But it is time to face reality. The future is now. (UPI Top
The computer evolution has been an amazing one. There have been astonishing achievements in the computer industry, which dates back almost 2000 years. The earliest existence of the computer dates back to the first century, but the electronic computer has only been around for over a half-century. Throughout the last 40 years computers have changed drastically. They have greatly impacted the American lifestyle. A computer can be found in nearly every business and one out of every two households (Hall, 156). Our Society relies critically on computers for almost all of their daily operations and processes. Only once in a lifetime will a new invention like the computer come about.
Historically though, the impact of technology has been to increase productivity in specific areas and in the long-term, “release” workers thereby, creating opportunities for work expansion in other areas (Mokyr 1990, p.34). The early 19th Century was marked by a rapid increase in employment on this basis: machinery transformed many workers from craftsmen to machine minders and although numbers fell relative to output – work was replaced by employment in factories (Stewart 1996, p.13).
The consistent use of information and communication technology (ICT) in modern world enables us for countless opportunities for individuals, institutions, business organisations and scientists, but it also raises difficult ethical and legal problems. In particular, ICT helped to make societies more complex and thus even harder to understand. The use of ICT has led to changes in concepts: ownership, buying and selling, right to possession, theft, justice in the distribution of resources and access rights. During the nineties, the internet has grown into all business segments resulting in a large number of questions running. It has been noted that during those time period there has been merging of computers, telecommunications, and media which is further emphasized by the emergence of new issues and strengthening old ones.
First of all, for the working peoples, the appearances of computer technology bring up a convenient
If nineteenth century was an era of the Industrial revolution in Europe, I would say that computer and Information Technology have domineered since the twentieth century. The world today is a void without computers, be it healthcare, commerce or any other field, the industry won’t thrive without Information Technology and Computer Science. This ever-growing field of technology has aroused interest in me since my childhood.
Computers have changed the way that the world works in many different ways. Some of these changes are positive and some of these changes have had negative effects on our lives. From an industrial standpoint most of these changes have been helpful to businesses and the economy. In the medical field computers have had an impact in many different areas, ranging from the way appointments are made to the carrying out of everyday tasks.
== The impact of ICT on society is great. As more and more people begin to work from home, or jobs become de-skilled, computer based, the social implications are going to be very serious. The most important issue is increased leisure time, and as more work is done in less time, the result should mean more leisure time. In some rare cases this does happen.
From classroom activities to space flight and everything in between, computers are a vital part of daily life. Everything we do and every aspect of our life is affected by modern technology like the computers. Computers let us dissect any sort of data. Computers makes us reflect, hence we develop. Because of computers and the Internet, we can talk with individuals from diverse nations, and even see them via webcam. Computers have their weaknesses like they have a negative effect on individuals' health. One of the risky parts of any machine is the screen. Computers make individuals dependent. Computers are hampering individuals' improvement in regular life. We don't read printed books any longer, since we can listen and read on the web. We invest more of a chance talking online than talking face to face. Overuse of machines has numerous negative impacts, for example, creating physical/behavioral sicknesses, harming family connections and diminishing scholarly study.