A New age of productivity about a decade from now will come from all of today’s advances: AI, robotics, large amounts of data that allow us to better understand our world and our humanity, creating a positive future.
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Long-promised, long-awaited, and still missing, corporate productivity gains driven by all our technology will be in 2028.
Weldon set a target date for achieving the long-promised, long-awaited, and still missing, corporate productivity gains driven by all our technology.
“We’ve quantified when a Digital age leap in productivity will occur that will resemble the leaps from the previous eras.
“The good news is that we will experience a new age of productivity about a decade from now, and it will come from all of today’s advances: AI, robotics, large amounts of data that allow us to better understand our world and our humanity, creating a positive future.
“The lack of significant improvement in economic productivity over past 30 years despite the rapid advances and growing investments in information and communications technologies, and the digitization and global interconnection of whole industries, has been a topic of much concern and debate among economists and policy makers.”
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In The rise and fall of American growth, economist Robert Gordon “makes a provocative but persuasive argument that the significant jump in productivity during 1940’s was a one-time event. Gordon argues that the current advances in Information Technology pale in social impact compared to ‘Great Inventions’ of the first and second Industrial Revolutions.”
What Gordon got right, according to Bell Labs, is that productivity skyrocketed not when companies leveraged new technologies in each of the previous revolutions, but when four basic infrastructures hit their tipping points in revolutionized changes:
- Energy (gas, electric)
- Health and Sanitation
- Communication (telegraph, telephone)
Bell Labs postulates “that the combination of four physical networked infrastructure technologies — communication, energy, transportation, health and sanitation [plus a fifth, digital production] — are the foundational set of technologies that underpin” the next major leaps in productivity.
By 2065, the productivity growth that automation could add to the largest economies in the world is the equivalent of an additional 1.1 billion to 2.2 billion full-time workers
Today, about half the activities that people are paid to do in the global economy have the potential to be automated by adapting demonstrated technology. All economies, from Brazil and Germany to India and Saudi Arabia, stand to gain from the hefty productivity boosts that robotics and artificial intelligence will bring. The productivity growth enabled by automation can ensure continued prosperity in aging nations and could provide an additional boost to fast-growing ones.
We need leaders who completely reframe productivity, viewing it through a fourth revolution perspective.
That shift radically alters our relationship with our workforce. We’ve got to shift the unending burden to produce more better faster on human beings, and place it where it belongs — within our integrated infrastructures.
We’ve got to free humans to do more of what they do best. Think. Create. Innovate. Disrupt. Care. Be their best.