Personal Consequences of Technology Adoption
Rober Hacker, author of the blog Sophisticated Finance, wrote a recent post entitled “The Consequences of Technology Adoption.” In the article, Robert references a paper by two Harvard Professors who say that a country’s economic expansion is directly related to its pace of adopting new technologies. This is very compelling data that I believe also applies to a company and perhaps even individuals.
If a company adopts certain advanced technologies quickly, they may gain an edge on their local and global competitors. This can be seen in traditional industrial companies such as automobile manufacturing and computerized airplane design. It also most certainly applies in the online world of business, such as Google, Microsoft and other companies who are quick to adopt technologies that enable sales, supply chain and employee access directly from their web site.
If evidence can be measured between countries and companies in the same industries, can evidence be found for comparing individuals? In other words, if I trash my three-year-old laptop for a new Macintosh, trade in my Blackberry (though it’s pretty advanced) for an iPhone, and upgrade my car to include Bluetooth technology, won’t I have greater economic expansion than the guy who competes for my next job? Tell me what you think, I want to know your opinion.
As usual, you have taken one of my posts and drawn the more profound conclusion. Given the amount of energy and writing that goes into using new technology to improve productivity, you must be correct. Perhaps some academic will take up the challenge and provide the data to support your view.
I definitely think you are on to something there Kendall. Take a look at this project (I am sure you have heard of it):
http://laptop.org/
The idea is to bring technology to children in underdeveloped counties. I would assume the goal would be to allow for more personal growth and productivity because of the knowledge and experience gained from using technology.
BTW… did this conclusion come while meditating on a nearby mountain somewhere? That is what I was picturing when I read your post
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