The IT Revolution May Be Over, But It’s Still A Jungle
February 4, 2013 Alex Woodie
A JPMorgan Chase analyst recently made headlines with a paper that noted the price of computer equipment and software is decreasing at the slowest rate in a generation, which is interpreted to reflect a notable downturn in IT industry innovation. With the heyday of rapid IT innovation and easy productivity gains behind us, the question now becomes: What drivers will emerge to shape the $4 trillion information economy? JPMorgan’s chief US economist Michael Feroli made interesting observations in his two-page paper US: is IT over?, which starts on page 13 of JPMorgan Chase’s recent Global Data Watch economic research |