Sunday, November 20, 2011

What might this mean for the Economy?

The implications are tremendous. Productivity is the most important metric in economics. Ratio of output over input. Even small improvements dramatically change our lives.

In the seventies and eighties, productivity grew one and a half percent annually in the U.S. Not very robust. In 1980 it was all gloom and doom.

Because nobody saw the PC explosion of the nineties coming. Because we were on the flat part of the exponential improvement curve for computers and IT. So people could not conceive that within 10 years we would be on the steep part of that curve and the technology would explode.

In the early 90’s, fourth gen computers and IT software hit the market and finally the technology was easy to use. Remember Windows 95? Game changer.

And productivity exploded to 4%+

I mean, think about it – how did we even function as a society before spreadsheets and the ability to email attachments?

Today the economy has stalled and productivity is flat. It’s all gloom and doom. But people cannot imagine that right around the corner lies inSyte.

I’m not talking about turning a crank faster on a machine. I’m talking about fundamentally altering the way we all think and work. InSyte can do for the twenties what the computer and IT did for the nineties. Drive productivity gains off the scale.

Because of the improvement of access to information and the ability to communicate.

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