Killing IT Costs

In such times of crisis, cost cutting is the most frequent question to be dealt with by a CIO. Business unit managers and CEO would like to get back as much money as possible to preserve strategic company investments and operations. Each manager is keen to show how best he is in company strategy support, so CIO.

Then it is time to have ideas.

Service industry productivity is the current challenge for Europe

The term “post-industrial society” was first coined by Daniel Bell in 1973. He predicted things like the global diffusion of capital, the imbalance of international trade, and the decline of the manufacturing sector on the behalf of service industry. This leads to slow growth economies since services usually show less productivity growth than manufacturing. This is  the Baumol Effect which states that in labor-intensive sectors that rely heavily on human interaction or activities, such as nursing,education, or the performing arts, there is little or no growth in productivity over time.