Cloud computing and electricity: beyond the utility model
Communications of the ACM
Research Commentary---Digital Infrastructures: The Missing IS Research Agenda
Information Systems Research
Information Technology Diffusion with Influentials, Imitators, and Opponents
Journal of Management Information Systems
Are New IT-Enabled Investment Opportunities Diminishing for Firms?
Information Systems Research
Competition and collaboration shaping the digital payment infrastructure
Proceedings of the 14th Annual International Conference on Electronic Commerce
Journal of Engineering and Technology Management
Banks and information technology: marketability vs. relationships
Electronic Commerce Research
Information Technology Management Practice: Impacts upon Effectiveness
Journal of Organizational and End User Computing
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A wave of business innovation is driving the productivity resurgence in the U.S. economy. In Wired for Innovation, Erik Brynjolfsson and Adam Saunders describe how information technology directly or indirectly created this productivity explosion, reversing decades of slow growth. They argue that the companies with the highest level of returns to their technology investment are doing more than just buying technology; they are inventing new forms of organizational capital to become digital organizations. These innovations include a cluster of organizational and business-process changes, including broader sharing of information, decentralized decision-making, linking pay and promotions to performance, pruning of non-core products and processes, and greater investments in training and education. Brynjolfsson and Saunders go on to examine the real sources of value in the emerging information economy, including intangible inputs and outputs that have defied traditional metrics. For instance, intangible organizational capital is not directly observable on a balance sheet yet amounts to trillions of dollars of value. Similarly, such nonmarket transactions of information goods as Google searches or views of Wikipedia articles are an increasingly large share of the economy yet virtually invisible in the GDP statistics. Drawing on work done at the MIT Center for Digital Business and elsewhere, Brynjolfsson and Saunders explain how to better measure the value of technology in the economy. They treat technology as not just another type of ordinary capital investment by also focusing on complementary investmentsincluding process redesign, training, and strategic changesand ton he value of product quality, timeliness, variety, convenience, and new products. Innovation continues through booms and busts. This book provides an essential guide for policy makers and economists who need to understand how information technology is transforming the economy and how it will create value in the coming decade.