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I'm going to share with you a graphic that was presented
by McKinsey maybe two or three months ago,
and it looked at the American economy and it identified the fact
that productivity growth highly correlates with GDP growth.
That is sectors of the U.S. economy
that can deliver productivity gains will actually
help us achieve that overall economic growth position.
What this graph shows you though, is that few sectors
of the U.S. economy have accounted for a disproportion
of share of our productivity growth.
And it's the sectors that you know;
computers in the like, that have achieved worst luck consistently,
and other sectors that have incorporated the kind
of pressures that is the story of productivity.
But I circled three on this graphic that have been
either flat to negative on productivity growth;
government as a sector, health care as a sector,
and education as a sector,
together accounting for 20 percent of the nation's GDP.
If we are to achieve the long-term economic growth prospects,
we will have to do so by unlocking these hidden
opportunities for productivity gains.
And one insight as to how one achieves productivity
gains in a sector is in an MIT study that was published
even earlier than that this year,
looking at how firms in an industry outperform each other and
it incorporates the notion that data-driven organizations,
data-driven decision-making allows those firms to be much productive.
In fact, they found that companies that are instrumented actually
can achieve five to six percent productivity gains.
So one of the themes in this question about wireless infrastructure,
is also a theme around liberating information
so we can instrument sectors of the economy.