Re:ASX drops plan to replace CHESS with blockchain, writes o...
by skippyboxedhero on Thursday November 17, 2022 @10:25AM
(#33640175)
This is a problem almost everywhere today.
Lots of businesses are now tech companies, but the managers are from a different age so you need layers of other managers to do exactly the same job (when people talk about weak productivity growth from technology, this is it...it took half a decade plus after the industrial revolution for things to filter through, it will be a bit quicker this time but there are massive institutional roadblocks...perhaps even bigger than in the 19th century which was all de novo innovation).
Lots of businesses are now tech companies, but the managers are from a different age so you need layers of other managers to do exactly the same job (when people talk about weak productivity growth from technology, this is it...it took half a decade plus after the industrial revolution for things to filter through, it will be a bit quicker this time but there are massive institutional roadblocks...perhaps even bigger than in the 19th century which was all de novo innovation).