Science, Technology, and Current Futurism
2.1K views | +0 today
Follow
Science, Technology, and Current Futurism
Technology/Futurism/Science/Education/SystemsThinking/
Curated by Sharrock
Your new post is loading...
Your new post is loading...
Scooped by Sharrock
Scoop.it!

Robots are infiltrating the growth statistics

Robots are infiltrating the growth statistics | Science, Technology, and Current Futurism | Scoop.it

New evidence begins to shed some light on the macroeconomic role of automation in the economy. In a new paper from London’s Center for Economic Research, George Graetz and Guy Michaels of Uppsala University and the London School of Economics, respectively, find that industrial robots have been a substantial driver of labor productivity and economic growth. Graetz and Michaels employ new data from the International Federation of Robotics to analyze the use of industrial robots across 14 industries in 17 countries between 1993 and 2007. Overall, they conclude that the use of robots within manufacturing raised the annual growth of labor productivity and GDP by 0.36 and 0.37 percentage points, respectively. That might not seem like a lot but it represents 10 percent of total GDP growth and 16 percent of labor productivity growth. Making that even more astounding is the fact that during the study’s time period robots achieved that impact while accounting for just 2.25 percent of the total assets of the industries studied.

more...
No comment yet.
Scooped by Sharrock
Scoop.it!

How could Biotechnology improve your life?

How could Biotechnology improve your life? | Science, Technology, and Current Futurism | Scoop.it
Experts on the World Economic Forum’s Council on Biotechnology have selected 10 developments which they believe could help not only meet the rapidly growing demand for energy, food and healthcare, but also increase productivity and create new jobs,...
more...
No comment yet.
Scooped by Sharrock
Scoop.it!

Hype Cycle Research Methodology | Gartner Inc.

Gartner's Hype Cycle methodology provides a graphical view of the maturity, adoption and business application of specific technologies.
Sharrock's insight:
from the webpage:How Do Hype Cycles Work?

Each Hype Cycle drills down into the five key phases of a technology’s life cycle.

Technology Trigger: A potential technology breakthrough kicks things off. Early proof-of-concept stories and media interest trigger significant publicity. Often no usable products exist and commercial viability is unproven.

Peak of Inflated Expectations: Early publicity produces a number of success stories—often accompanied by scores of failures. Some companies take action; many do not.

Trough of Disillusionment: Interest wanes as experiments and implementations fail to deliver. Producers of the technology shake out or fail. Investments continue only if the surviving providers improve their products to the satisfaction of early adopters.

Slope of Enlightenment: More instances of how the technology can benefit the enterprise start to crystallize and become more widely understood. Second- and third-generation products appear from technology providers. More enterprises fund pilots; conservative companies remain cautious.

Plateau of Productivity: Mainstream adoption starts to take off. Criteria for assessing provider viability are more clearly defined. The technology’s broad market applicability and relevance are clearly paying off.

more...
No comment yet.