Manufacturing is still critical to the economy United States. Clyde Prestowitz, says it's time to start realizing the positive spillovers that manufacturing creates... Read more
Stephen Olson at Chinese Development Institute Conference
Clyde Prestowitz giving presentation to CDI...
Steve Olson teaching trade negotiations at the Mekong Institute...
Stephen Olson to speak at upcoming workshop organized by the International Institute for Trade and Development on
"Economics of GMS Agricultural trade in goods and services towards the world market"
Chiangmai, Thailand Sep 8-12.
An Outline of the Project
Dr. Robert Cohen, Fellow, Economic Strategy Institute, Project Director
Some of the key questions the project will explore include:
We will define the “New IP”1 as a state-of-the-art, virtualized IP infrastructure and/or network. For entrepreneurs and service providers, networks built on The New IP save money on capex (capital expenditure) and opex (operational expenditure). The Old IP represents utilitarian communications or computing infrastructure that is not virtualized and doesn’t reduce capex and opex. For the purposes of the present study, we extend this terminology to new large and smaller enterprises, particularly to “tech innovators” that employ many “New IP” features in their networks. These innovators are also concerned ith reducing capex and opex. The chart below summarizes the main differences between the “Old IP” and the “New IP.”
We will define the Internet of Things as infrastructure that “connects devices such as every day consumer objects and industrial equipment onto the network, enabling information gathering and management of these devices via software in order to increase efficiency, enable new services, or achieve other health, safety, or environmental benefits.”
What does the Internet of Things change? Information technology connects “production, marketing and logistics and thereby captures all resources, production facilities and ware-housing systems.”
This means changes occur in business models, work organization, and downstream services. In addition, by “integrating cyber-physical systems into production and logistics” and through a “rigorous end-to-end implementation of the internet of things and services in industrial processes” as well as services:
In this project, we plan to provide scenarios with specific forecasts of enterprise uptake of technologies used in the “New IP” technologies and the Internet of Things. For the “New IP,” this will include spending and/or investment in software defined networking, network functional virtualization, and other virtualized technologies such as containerization. We will quantify investments and spending on The Internet of Things and assess their impact on costs and productivity.
We will also analyze information about the changes in the types of new jobs enterprises expect to create when they adopt of the “New IP” and Internet of Things. We will estimate the additional jobs created and jobs lost because of the adoption of the “New IP” and Internet of Things. We will also develop industry estimates for these job shifts and use them to modify a US Bureau of Labor Statistics employment forecast for 2012-2022. We will adjust the forecast to reflect how the adoption of the “New IP” and Internet of Things is likely to affect employment. We expect to see job losses in some areas that will need fewer employees such as data center management. Initial work suggests that there will also be new positions to oversee Internet of Things networks and to support data analysis and service delivery. These jobs will help firms define how these new technologies can be employed to benefit specific lines of business.
Economic Strategy Institute
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