Paperback | $14.95 Trade | £10.95 | ISBN: 9780262518611 | 176 pp. | 5.375 x 8 in | 13 figures| February 2013
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.
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.
About the Authors
Erik Brynjolfsson, Schussel Family Professor at MIT’s Sloan School of Management and Director of the MIT Center for Digital Business, is the coeditor of Understanding the Digital Economy: Data, Tools, and Research (MIT Press).
Adam Saunders is Assistant Professor in the Management Information Systems Division of the Sauder School of Business at the University of British Columbia.
"Compact and insightful, Wired for Innovation provides a synthesis of the research on econometric analyses of information and communication technologies (ICT) that bear on organizational and industrial productivity." — Steve Sawyer, Journal of the American Society for Information Science and Technology"
“Brynjolfsson and Saunders have written an important roadmap for future technology innovation. Anyone interested in the business and economics of information technology should read this book.”
—Chris Anderson, Editor in Chief, Wired Magazine, author of Free: The Future of a Radical Price
“If you want to read just one book on digital economy, Wired for Innovation should be it. This easy-to-read, yet comprehensive and analytical handbook provides essential insights for understanding how and why information technology is transforming business and the economy. Anyone reading this book will come away understanding just how important and transformative the IT revolution has been, and will be in the future.”
—Robert D. Atkinson, President, Information Technology and Innovation Foundation, author of The Past and Future of America's Economy
"This is the answer CIOs have been waiting for, scientific proof of the productivity and competitive advantage gained by investments in IT."
—Leo Apotheker, CEO, SAP
"If e-business had an oracle, Erik Brynjolfsson would be anointed."