Making dollars—and sense—out of the New Digital Economy
As the economy continues to digitize at an unprecedented pace, why don’t we see faster economic growth and productivity increases? The answer is that the diffusion process of technologies from the New Digital Economy—characterized by rapidly increasing spending on cloud computing, data analysis, and other services in a world of ubiquitous, Internet connections – has only just begun. In a new report on the digital economy, The Conference Board incorporates a suite of economy-wide, industry-specific, and firm-level data alongside interviews with executives in a dozen major companies to examine the progress of the New Digital Economy. In another blog we report on some of the metrics, in particular rapid price declines in ICT assets and services and an ongoing shift from investment in ICT assets to spending on ICT services, underlying our view that the productivity effects have yet to come.
As you face information overload and fast-changing business conditions, we help you make sense of the most relevant economic data to support your decision-making.