Two experts on the information economy explore the true economic value
of technology and innovation.
A wave of business innovation is driving the productivity resurgence in
the U.S. economy. In Wired for Innovation, Erik Brynjolfsson and Adam
Saunders describe how information technology directly or indirectly
created this productivity explosion, reversing decades of slow growth.
They argue that the companies with the highest level of returns to their
technology investment are doing more than just buying technology; they
are inventing new forms of organizational capital to become digital
organizations. These innovations include a cluster of organizational and
business-process changes, including broader sharing of information,
decentralized decision-making, linking pay and promotions to
performance, pruning of non-core products and processes, and greater
investments in training and education.
Innovation continues through booms and busts. This book provides an
essential guide for policy makers and economists who need to understand
how information technology is transforming the economy and how it will
create value in the coming decade.