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It's true: better, cheaper tech made work more productive |
October 27, 2013
Rapid adoption of technology in the workplace has transformed the way people work and led to significant gains in productivity, according to a report from the Centre for Economic and Business Research (Cebr) in the U.K.
From 1970s mainframes through to personal computers and email in the 1990s, and the more recent advent of mobile and cloud computing, information communication technology has changed dramatically in the past four decades.
Using data from the Office of National Statistics and EU KLEMS, the Cebr report, commissioned by o2 Business, showed that the labor productivity of workers has grown by 84 percent overall since the 1970s, while productivity directly related to information communication technology has grown by 480 percent.
Part of the reason for the increase in the impact of technology has been the cost, and therefore availability, of computing and communications devices. In 1980 a gigabyte of hard disk space would have cost $193,000 in today's money, while the capacity can now be bought for just 8 cents.
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Link: http://www.pcworld.com/article/2058295/its-true-better-cheaper-tech-made-work-more-productive.html#tk.rss_all
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