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NHS receives major Budget boost but ‘lacklustre’ social care settlement will hit councils, experts warn
Today’s economic challenges in the face of rising demand across hospital, mental health, comm...
The Independent
3 days ago
Autumn Budget 2024: Chancellor emphasises importance of tech for UK growth | Computer Weekly
The Department for Science, Innovation and Technology (DSIT), which is responsible for both delivering key tech policies an...
Computer Weekly
3 days ago
- Digital technologies give firms new tools to design, produce and sell goods and services, and provide individuals with new ways for social and economic interactions. Technology adoption and improved digital skills have the potential to increase the contribution of capital and labour to productivity and growth.
one.oecd.org/document/eco/wkp(2021)31/en/pdfTHE IMPACT OF DIGITALISATION ON PRODUCTIVITY: FIRM-LEVEL ...
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Jan 24, 2022 · While digital technologies offer large productivity payoffs, they create new challenges for firms as production processes, sources of competitive advantage, and market structures shift.
- Zia Qureshi
Results show that intangibles as measured by levels of digital skill intensity have a positive and statistically significant impact on firm-level productivity growth in the service sector and for younger firms. Productivity benefits from software investment are strong for low productivity firms.
- Automation Potential Has Accelerated, But Adoption to Lag
- Generative AI’s Potential Impact on Knowledge Work
- Generative Ai Could Propel Higher Productivity Growth
- Companies and Business Leaders
- Policy Makers
- Individuals as Workers, Consumers, and Citizens
Based on developments in generative AI, technology performance is now expected to match median human performance and reach top-quartile human performance earlier than previously estimated across a wide range of capabilities (Exhibit 6). For example, MGI previously identified 2027 as the earliest year when median human performance for natural-langua...
Previous generations of automation technology were particularly effective at automating data management tasks related to collecting and processing data. Generative AI’s natural-language capabilities increase the automation potential of these types of activities somewhat. But its impact on more physical work activities shifted much less, which isn’t...
Global economic growth was slower from 2012 to 2022 than in the two preceding decades.8Global economic prospects, World Bank, January 2023.Although the COVID-19 pandemic was a significant factor, long-term structural challenges—including declining birth rates and aging populations—are ongoing obstacles to growth. Declining employment is among those...
How can companies move quickly to capture the potential value at stake highlighted in this report, while managing the risks that generative AI presents? How will the mix of occupations and skills needed across a company’s workforce be transformed by generative AI and other artificial intelligence over the coming years? How will a company enable the...
What will the future of work look like at the level of an economy in terms of occupations and skills? What does this mean for workforce planning? How can workers be supported as their activities shift over time? What retraining programs can be put in place? What incentives are needed to support private companies as they invest in human capital? Are...
How concerned should individuals be about the advent of generative AI? While companies can assess how the technology will affect their bottom lines, where can citizens turn for accurate, unbiased information about how it will affect their lives and livelihoods? How can individuals as workers and consumers balance the conveniences generative AI deli...
Jan 18, 2022 · While digital technologies offer large productivity payoffs, they create new challenges for firms as production processes, sources of competitive advantage, and market structures shift.
Jan 14, 2024 · We are on the brink of a technological revolution that could jumpstart productivity, boost global growth and raise incomes around the world. Yet it could also replace jobs and deepen inequality.
Jun 10, 2021 · AI and other digital technologies have been surprisingly slow to improve economic growth. But that could be about to change.
Oct 15, 2024 · AI can boost productivity through technological progress. Secondly, AI has the potential to revolutionize scientific discovery, and generate the technological progress that boosts future productivity. Already, AI-predicted protein-folding provides new insights in biomedical applications and AI-assisted discoveries of new drugs are helping with ...
