There is nothing that doesn't use digital now, but it's difficult to see what is going on when the way we see the economy is through the lens of how it used to be in the past, not how it is today.
Coyle et al. are interested in the digital economy, its impact on productivity, and what’s left out of the analysis when we focus only on GDP as a measurement of growth.
“It seems to be that if you have highly-skilled people, you have a lot of data and you know how to use the sophisticated software, and you can change your processes, so that people can use the information, your productivity is going through the roof. But in the same sector of the economy there are other companies that just can’t do that. But in the same sector of the economy there are other companies that just can’t do that.”
Professor Dame Diane Coyle, Bennett Institute for Public Policy
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