WASHINGTON, October 20, 2009 – The Information Technology and Innovation Foundation released their newest book, “Wired for Innovation: How information technology is reshaping the economy,” by Erik Brynjolfsson and Adam Sanders. With innovation a key ingredient in the information technology revolution, the book explores topics such as, what are the business practices that enhance productivity and organizational capital?
Of the practices that businesses could adopt, according to Brynjolfsson, having any form of technology that creates intangible benefits would be the best investment that a company could make in this day of age.
One example Brynjolfsson provides regards what Michael Dell, owner of Dell Computers, did with a Dell factory. Brynjolfsson visited this factory and looked around the floor. He noticed that around 40 percent of the floor was not in use.
Thinking that it was because Dell couldn’t afford using that space, Brynjolfsson mentioned his observation to Michael Dell. He discovered the open space wasn’t due to lack of affordability, but rather because they were using a new form of technology that was cutting their space requirements. They didn’t need the space. Dell contacted Brynjolfsson six months later and said that they had doubled production since the last time he was there. The previously empty space was now being used.
“He was able to build a second factory inside the first,” Brynjolfsson said. “This intangible factor [of technology advances] became an intangible asset.”
In the 152-page book, Sanders and Brynjolfsson are able to pin point the affects that come from such intangible benefits. One of the major affects demonstrated results from companies investing more information technology and “Digital Organization”-style culture. Such a distinct corporate culture and organizational practices create disproportionately higher productivity in companies with heavy use of computers and information, they said.
From there, everything else follows.
However, it is not a chain reaction. The practices of digital organization not only build off of each strategic element, but they must all fit together. They are all “part of a system. They need to fit together like gears on a wheel.”
According to Brynjolfsson, in order for companies to have a better chance of increasing productivity, investments in information technology must provide new intangible benefits, and not merely replace their antecedent analog system.
BroadbandCensus.com was launched in January 2008, and uses “crowdsourcing” to collect the Broadband SPARC: Speeds, Prices, Availability, Reliability and Competition. The news on BroadbandCensus.com is produced by Broadband Census News LLC, a subsidiary of Broadband Census LLC that was created in July 2009.
A recent split of operations helps to clarify the mission of BroadbandCensus.com. Broadband Census Data LLC offers commercial broadband verification services to cities, states, carriers and broadband users. Created in July 2009, Broadband Census Data LLC produced a joint application in the NTIA’s Broadband Technology Opportunities Program with Virginia Tech’s eCorridors Program. In August 2009, BroadbandCensus.com released a beta map of Columbia, South Carolina, in partnership with Benedict-Allen Community Development Corporation.
Broadband Census News LLC offers daily and weekly reporting, as well as the Broadband Breakfast Club. The Broadband Breakfast Club has been inviting top experts and policy-makers to share breakfast and perspectives on broadband technology and internet policy since October 2008. Both Broadband Census News LLC and Broadband Census Data LLC are subsidiaries of Broadband Census LLC, and are organized in the Commonwealth of Virginia. About BroadbandCensus.com.
- Smart Cities Connect to Hold 2020 Global Event Honoring 50 Smart Projects
- Broadband Roundup: More on the Rural Digital Opportunity Fund, 5G National Advocacy, and Policy Hackers
- Panelists on NTIA Broadband Webinar Say Smart Buildings Boost Civic Resiliency and Public Health
- Dynamic Spectrum Sharing Subject of Debate at Senate Commerce Committee Hearing on the Future
- FTC Settlement with YouTube Has Creators Upset and Worried About FTC Approach to Children’s Privacy
Signup for Broadband Breakfast
China2 months ago
Prakash Sangam: China’s Huawei Clones Are Greater Threat to National Security than Huawei
Open Access3 weeks ago
UTOPIA Fiber: A Model Open-Access Network
Broadband's Impact3 months ago
FCC Chairman Ajit Pai Praises Agency’s Work in Promoting High-Speed Internet at ‘Broadband Heros’ Event
Open Access2 months ago
UTOPIA Fiber Announces Partnerships with Morgan, Utah, Idaho Falls, and Other Cities
Broadband Mapping & Data3 months ago
Broadband Data From Providers Needs to be Checked With Data From Users, Say Panelists at Mapping Event
Education2 months ago
State Educational Technology Officials Say Better Broadband Necessary for Pedagogy and Equity
FCC2 months ago
As Next Year’s C-Band Auction Looms, FCC Officials Reflect on Innovation in Spectrum Auctions
FCC1 month ago
Telephony Industry Rises to the Challenge of Robocalls, With Legislation, Regulation and Enforcement Close Behind