The development of IT and information technologies increasingly affects economic processes taking place in various branches and sectors of contemporary developed and developing economies.
Information technology and advanced information processing are increasingly affecting people's lives and business ventures.
The current technological revolution, known as Industry 4.0, is determined by the development of the following technologies of advanced information processing: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies.
In connection with the above, I would like to ask you:
How to measure the value added in the national economy resulting from the development of information and IT technologies?
Please reply
Best wishes
Public sector accomplishments that lead to less burden on tax payers (eHealth, improvement in lives, disaster/crisis management) and private sector eCommerce growth contributing to government coffers would be some of many such measures/indicators.
There has been a considerable rise in global expenditure on information technology and it is generally believed that dramatic advances in IT has a great bearing on productivity, welfare and social change. One main reason is that GDP is positively influenced by ICT development so that a 10% rise in ICT capital will bring about a 1% increase in GDP. Alternatively, the introduction of ICT has caused all industries to have added value. As an illustration, the use of internet in e commerce has led to an increase in economic productivity by reducing input costs and maximizing allocative efficiency within enterprises. E commerce has similarly improved economic welfare via reduced market transaction costs , lower material and transport costs , and has boosted the variety of available commodities. Not surprisingly, technology has forever changed all aspects of the world we live in.
Dear Dariusz Prokopowicz .
I think its depend on how is the technology is. Means sometimes the technology may have good fortune than others in this case its have more value some of them are updated revision of the current one so it have the same value what it before. If one technology is unique in the market but its only address few customers still it have very low impact. If a technology is new to the market and it have good fortune and also its address very large customers in this case this can contribute more value rather than other.
Best regards
Krishnan M S
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