Erik Brynjolfsson examines the effects of information technologies on business strategy, productivity and employment.
The director of the MIT Center for Digital Business and a research associate at the National Bureau of Economic Research, Erik Brynjolfsson asks how IT affects organizations, markets and the economy. His recent work studies data-driven decision-making, management practices that drive productivity, the pricing implications of Internet commerce and the role of intangible assets.
Brynjolfsson was among the first researchers to measure the productivity contributions of information and community technology (ICT) and the complementary role of organizational capital and other intangibles. His research also provided the first quantification of the value of online product variety, often known as the “Long Tail,” and developed pricing and bundling models for information goods.
His books include Wired for Innovation: How IT Is Reshaping the Economy and Race Against the Machine: How the Digital Revolution Is Accelerating Innovation, Driving Productivity and Irreversibly Transforming Employment and the Economy (with Andrew McAfee); and the recent article "Big Data: The Management Revolution" (with Andrew McAfee).
“[Current economic] troubles are sometimes misdiagnosed as the end of innovation, but they are actually the growing pains of … the new machine age.”
“Computers get better faster than anything else ever. A child's PlayStation today is more powerful than a military supercomputer from 1996.”
“The stagnationist view is that ideas get used up like low-hanging fruit, but the reality is that each innovation creates building blocks for even more innovations.”
“We have created more wealth in the past decade than ever, but for a majority of Americans, their income has fallen. This is the great decoupling of productivity from employment, of wealth from work.”
“What can we do to create shared prosperity? The answer is not to try to slow down technology. Instead of racing against the machine, we need to learn to race with the machine.”