Jack Welch Quotes

Technological innovation is indeed important to economic growth and the enhancement of human possibilities.

The investment we're all looking for is actually saving labor... Look at what the internet is doing to retail.

The industrial revolution in the new century is, in essence, a scientific and technological revolution, and breaking through the cutting edge is a shortcut to the building of an economic giant.

A major one which no one can overlook is technological and based on inventions and discoveries which have altered the whole basis of production and deeply affected social relations.

I find that many entrepreneurs are trying to do everything when it would be cheaper and more time-efficient to delegate, even if there are monetary costs associated with that.

Any discrimination, like sharp turns in a road, becomes critical because of the tremendous speed at which we are traveling into the high-tech world of a service economy.

A lot of people, including business leaders, think the future belongs to China. Globalization is not a zero-sum game, but we need to hone our skills to stay in play.

I remember very clearly at the first budget review having a pretty direct conversation with the head of manufacturing... We began to get huge improvements in productivity and responsiveness. I got a chance to see that firsthand.

It is a well-known fact that bringing in technologies in retail sector is good for consumers.

Productivity - the amount of output delivered per hour of work in the economy - is often viewed as the engine of progress in modern capitalist economies. Output is everything. Time is money. The quest for increased productivity occupies reams of academic literature and haunts the waking hours of C.E.O.s and finance ministers.

Healthcare has been the last major industry that hasn't been touched by technology in terms of productivity and consumer adoption in the way so many other industries have.

One of the objections most frequently urged against machinery is, that it has a tendency to supersede much of the handlabour which was previously employed; and in fact unless a machine diminished the labour necessary to make an article, it could never come into use.

… post-industrial society

The story of the next century is the transition from an industrial, resourced-based economy to a knowledge economy.

By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.

The success, or failure, of a CEO to implement AI throughout the organization will depend on them hiring a leader to build an organization to do this. In some companies, CIOs or chief data officers are playing this role.

The way we look at manufacturing is this: the U.S.'s strategy should be to skate where the puck is going, not where it is.

This idea that we can take hundreds of thousands, which we've done so far, and scale it to millions and move them into a new workforce, this is really critical because Salesforce is a platform.

Whether you're a government entity, a large enterprise, or a startup, a true digital transformation takes advantage of technology to focus on the customer, automates work that does not need manual interference, and unleashes your people to truly make decisions that change the path of your company.

We need to stay on the leading edge of technology, that technology in our products, in our internal process and manufacturing. But most importantly, we need the talent. It's multidisciplinary talent. It's talent that knows how to operate globally, that has technology savvy and a business savvy.

In a world of global competition and new technology, I think competition is coming from new places.

The only way to create prosperity is to do more with less. In economic terms, an increase in productivity is an increase in the amount or quality of output generated for each unit of input. Jobs do not make society wealthier - productivity does.

The use of automated technology generally translates into lower costs, freeing up resources for more efficient uses, including lower prices.

There will be no cost drag from digital by 2020.

While looking ahead, we know challenges remain, but we are encouraged by the strategies we have in place to improve our operational efficiencies and performance.