Productivity and Growth in the Digital Age
When software automates routine work and data reveals hidden patterns, output per worker rises, costs fall, and new markets appear. The real shift is compounding: each improvement unlocks another, transforming small efficiencies into large waves of growth across sectors.
Productivity and Growth in the Digital Age
A mid-sized textile plant added sensors to looms and used simple analytics to predict maintenance. Downtime dropped by 18% in six months, scrap fell, and workers moved from firefighting to process tuning. That modest tech step funded further upgrades and pay improvements.