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If IT investment brings low to no returns, what are we to make of the universal embrace of IT by the markets and absolutely humongous valuations and profits of
by DenisM 3y ago
If IT investment brings low to no returns, what are we to make of the universal embrace of IT by the markets and absolutely humongous valuations and profits of the big tech? Are the markets being irrational for the last 50 years?
- Terretta 3y agoNever underestimate the value of a transformational scapegoat to an executive, or a board ... or shareholders.
- sambazi 3y agosomething gold standard something
- marcosdumay 3y agoSome uses of IT clearly bring "competitiveness". But this is a microeconomics concept, and while it happens, the macroeconomic "productivity" does not increase. And yes, that difference is very hard to explain. One of the main sources of competitiveness (and the only that should be most clearly impacted by IT) is productivity. Are measuring things wrong? Is there some other effect of IT that reduces the productivity to compensate? Is there something else happening that confusingly takes away all the gains from IT? (Perfectly correlated, for 50 years!?) Does plain logic break down due to some mechanism that nobody has found yet? Nobody is certain about the answer, but theories abound.