Digital solutions contribute to the intensive growth of the economy
The intensive growth
Intensive growth refers to an increase in an economy’s production of goods and services through improvements in the efficiency and productivity of existing factors of production, such as capital and labour.
This can be achieved by investing in new technologies, improving the skills and knowledge of workers, increasing the efficiency of business management, and creating a business-friendly environment.
The technical progress
Technical progress, on the other hand, designates all the technological advances that make it possible to improve production methods and make goods and services more accessible. It can include new inventions and innovations, as well as the adoption of existing technologies in new sectors or contexts. Technical progress is an important driver of intensive growth, as it increases the efficiency and productivity of enterprises, which can lead to increased production and wealth.
Intensive growth and software solutions
Software solutions can contribute to intensive growth by enabling companies to improve their efficiency and productivity.
They can offer many benefits, such as:
Task automation: Software can automate some tedious and repetitive tasks, allowing employees to focus on more complex and higher value tasks.
Improved communication: Communication and collaboration software can help businesses better coordinate their work and stay connected, which can increase efficiency and productivity.
Improved decision making: Data management software can help companies collect and analyse important data, which can help them make better business decisions.
Innovation: Software can also contribute to innovation by allowing companies to develop new products and services using the data they have collected.
In sum, software solutions can help businesses be more efficient and increase their productivity, which can contribute to the intensive growth of the economy.