From cloud computing to e-commerce and social media, companies’ digital strategies have become crucial across all industries. This is reflected in the rise of chief digital officer (CDO) positions, which companies have used to centralize and prioritize their digital strategies.
September 9, 2019
Fact of the Week: Only 23 percent of large corporations in North America have a chief digital officer, compared to 39 percent in Europe.
September 3, 2019
Fact of the Week: Implementing an R&D tax Credit Increases a State’s Rate of Business Formation by 7.5 Percent
Proponents of R&D tax credits argue that reducing the costs businesses face to innovate encourages them to invest more into R&D. A recent study of county-level data between 1990 and 2010 provides evidence to support this argument.
August 28, 2019
If the U.S. economy is to regain its international competitiveness, especially vis-à-vis China, it will have to accelerate innovation, including in advanced-industry production.
August 26, 2019
Fact of the Week: Every Dollar Canadian Firms Invested in R&D Between 2000 and 2012 Added Another 33 Cents to the Rest of the Economy
When a business makes a new discovery, it cannot capture all the profits for itself, because competitors can replicate the discovery or use it to pursue their own new research opportunities. This positive spillover effect doesn’t provide an incentive for businesses to invest in R&D, but it helps the rest of society, which is one reason why governments subsidize R&D investments.
August 22, 2019
Fact of the Week: Professionals Averaged 5.4 Hours per Week Working at Home From 2013 to 2017, a 38 Percent Increase From 2003 to 2007
The adoption of technologies like smart phones and cloud computing has made it less important for people many occupations to do their work onsite where their companies are located. Data from the American Time Use Survey reflects this trend and suggests that working remotely has not increased the total hours spent working, on average.
August 21, 2019
While these two companies were right to finally cut ties with the notorious “cesspool of hate” after mounting public pressure, they should also be cutting their ties to other bad actors on the Internet, including those that engage in online piracy.
August 19, 2019
Fact of the Week: When Countries Double Immigration of Inventors From Places That Specialize in a Given Technology, They are 25 to 50 Percent More Likely to Produce new Patents in That Technology After 10 Years
When skilled migrants come to a new country, they bring both expertise in their fields and connections to experts in their home countries, increasing the likelihood that they will produce new inventions in the fields in which their home countries excel. New research has provided the broadest estimation of this effect, examining immigration between 135 countries and patents in 651 technological categories from 1990 to 2010.
August 12, 2019
Fact of the Week: Patents That Cite Scientific Articles are Worth 50 Percent More, on Average, Than Those That Don’t
Patents are a key measure of innovation, but there is wide variation in the market value of a given innovation. A new study identifies one source of that variation by examining the relationship between whether a patent cited scientific articles in its application and the patent’s subsequent value.
August 12, 2019
The United States is continuing to drift in the wrong direction when it comes to federal funding for research and development (R&D).
August 9, 2019
Successful negotiations between two parties—whether between spouses, companies, or in the case of the trade war with China, countries—depend on each side having an honest assessment of their part in the conflict.