Digital technologies have impacted and transformed our economies and now offer a vast potential to enhance the productivity of firms

Digital tools can help improve productivity by automating repetitive tasks, reducing errors, and improving communication and collaboration. Technology has improved productivity and economic growth

Dr Chuck A Arize thank you for your contribution to the discussion

Digital transformation generates faster, simpler and more efficient processes and workflows. Creating automated digital workflows, designed to manage information, gives employees time to focus on business value-added activities and develop assigned projects and tasks faster. Technology can automate the workflow of almost any function in a business, such as finance, marketing, operations, and workplace management. Technology can turn inefficient, tedious tasks into a seamless and automated process. This frees up time for your team and allows them to be more productive. So, yes, digital tools make us more productive at work. And they do this by simplifying some of the mundane tasks we're used to. But all this depends on how you use it as technology can be both positive and negative. Digital tools can help you boost your productivity, streamline your workflows, and collaborate more effectively with your team. This is now helping to drive faster and better decision-making, which is more efficient, effective and productive. By using digital technology to improve processes and your use of data, you can take incremental steps to boost productivity. Technological change also increases the productivity of available resources. For instance, it can find out the productive uses of land that hitherto has been regarded as infertile or it can discover new economic use of a raw material that had previously been considered as useless.Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on. However, the mechanisms through which technology is developed, adopted and used in production are complex. Perhaps the biggest way that technology can improve productivity is through time-saving tools. This is especially evident with automation. By taking mundane or repetitive tasks out of the hands of employees, you can free them up to do more creative work. Technology in agriculture affects many areas of agriculture, such as fertilizers, pesticides, seed technology, etc. Biotechnology and genetic engineering have resulted in pest resistance and increased crop yields. Mechanization has led to efficient tilling, harvesting, and a reduction in manual labor. To increase Employment Introduction of new technology creates new job opportunities in different fields of production. The technological changes break the vicious circle of poverty. No wastage of Resources Technology helps in removing wastage of resources in production. Technology can help improve productivity in a number of ways, whether it's by automating tasks or by managing projects more effectively to free employee mental bandwidth. But be sure to consider the impact of implementing any technological tools. Technology can help improve productivity in a number of ways, whether it's by automating tasks or by managing projects more effectively to free employee mental bandwidth. But be sure to consider the impact of implementing any technological tools. It can help in generating real-time actionable insights for improving crop yield, controlling pests, assisting in soil screening, and providing actionable data for farmers, and reducing their workload.

The connection between productivity and digital tools is a complex and multifaceted one. Digital tools, including software applications, communication platforms, automation systems, and data analysis tools, have significantly impacted productivity and economic growth in various ways.

Automation has eliminated laborious tasks, freeing up time and resources. Thanks to cross-border communication channels, real-time collaboration is now possible. Data analysis has strengthened both economic & managerial decision-making and working from home has brought flexibility to work. E-commerce has broadened the market's opportunities, while automated technology has reduced wages. Personal productivity is aided by digital assistants i.e., AI. The technological revolution simplifies invention and education. It too accelerates monetary expansion via e-money and strengthens the banking system by enabling e-banking facilities. However, employment displacement and security concerns highlight the double-edged character of digitalization and technology in the modern era.

Dr Biswajit Sarangi thank you for your contribution to the discussion

So, yes, digital tools make us more productive at work. And they do this by simplifying some of the mundane tasks we're used to. But all this depends on how you use it. As technology can be both positive and negative. Digital technologies give firms new tools to design, produce and sell goods and services, and provide individuals with new ways for social and economic interactions. Technology adoption and improved digital skills have the potential to increase the contribution of capital and labour to productivity and growth. This is now helping to drive faster and better decision-making, which is more efficient, effective and productive. By using digital technology to improve processes and your use of data, you can take incremental steps to boost productivity. Technology can automate the workflow of almost any function in a business, such as finance, marketing, operations, and workplace management. Technology can turn inefficient, tedious tasks into a seamless and automated process. This frees up time for your team and allows them to be more productive. Digital tools can help you boost your productivity, streamline your workflows, and collaborate more effectively with your team. But how do you choose the right tools for your needs and make the most of them? In this article, we'll share some tips and best practices for using digital tools as an executive leader. This is especially evident with automation. By taking mundane or repetitive tasks out of the hands of employees, you can free them up to do more creative work. Time-saving tools can also help employees get their work done more quickly, which is an obvious boon to productivity. While technological growth means a continuous increase in technology over time, technological progress is the change in the art of production used, leading to an increase in productivity, provided that the ratio of capital and labor use remains constant. Technological progress refers to the discovery of new and improved methods of producing goods. Changes in technology lead to an increase in productivity of labor, capital, and other factors of production. Technology refers to the process through which inputs are transformed into outputs. Technological change also increases the productivity of available resources. For instance, it can find out the productive uses of land that hitherto has been regarded as infertile or it can discover new economic use of a raw material that had previously been considered as useless. In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on. Technological progress is when innovations lead to technical developments, which results in growth in production within an economy. This progress leads to increased efficiency in the production process, enhances labor productivity, and impacts other factors of production, which causes overall economic growth. Improved productivity and efficiency due to technological change have a positive effect on the cost of production. More productivity means more output per input and more efficiency means that the output is achieved with less cost of production.