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Erik Brynjolfsson Biography

Erik Brynjolfsson

Erik Brynjolfsson (born 1962) is an American academic. He is a professor at the MIT Sloan School of Management, Director of the MIT Initiative on the Digital Economy, Director of the MIT Center for Digital Business and a Research Associate at the National Bureau of Economic Research. He is known for his contributions to the world of IT Productivity research and work on the economics of information more generally.

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Erik Brynjolfsson Quotes

Technology is not destiny. We shape our destiny

Destiny, Shape, Shapes, Technology

We're rapidly entering a world where everything can be monitored and measured. But the big problem is going to be the ability of humans to use, analyze and make sense of the data.

Ability, Analyze, Data, Entering, Problem, Use

Computers get better faster than anything else ever.

Computer, Computers, Faster, Get Better

The heart of science is measurement.

Heart, Measurement, Science

What can we do to create shared prosperity? The answer is not to try to slow down technology. Instead of racing against the machine, we need to learn to race with the machine.

Answer, Down, Learn, Race, Racing, Technology

There are lots of examples of routine, middle-skilled jobs that involve relatively structured tasks, and those are the jobs that are being eliminated the fastest. Those kinds of jobs are easier for our friends in the artificial intelligence community to design robots to handle them. They could be software robots; they could be physical robots.

Artificial, Community, Design, Eliminated, Friends, Jobs

Because the process of innovation often relies heavily on the combining and recombining of previous innovations, the broader and deeper the pool of accessible ideas and individuals, the more opportunities there are for innovation.

Accessible, Ideas, Innovation, Opportunities, Opportunity

Machines already are much smarter than us at so many things. I mean, try to multiply two 10-digit numbers with each other or, you know, sift through a thousand documents. So there's lots of things that machines are better at including in mental task than us. There's many more that they're not as good at, but the direction is pretty obvious and the progress is clear.

Good, Lots, Machines, Mean, Progress, Trying

Going a little further into the future, we'll start literally connecting to machines. Some of my colleagues at MIT here - some of them are working on a neural mesh that connects directly to your brain, and they've already done it with some disabled people and allowed them to move objects just by thinking.

Already, Mesh, Moving, People, Thinking

Retailing has gone from an information-scarce to an information-rich environment.

Environment, Gone, Information, Retailing

G. D. P. is not a measure of how much value is produced for consumers. Everybody should recognize that G. D. P. is not a welfare metric.

Consumers, Metric, Metrics, Recognize, Should, Welfare

Computers get better, faster than anything else ever. A child's PlayStation today is more powerful than a military supercomputer from 1996. But our brains are wired for a linear world. As a result, exponential trends take us by surprise. I used to teach my students that there are some things, you know, computers just aren't good at like driving a car through traffic.

Car, Military, Powerful, Students, Traffic, Trends

Technology is always creating jobs. It's always destroying jobs. But right now the pace is accelerating. It's faster we think than ever before in history. So as a consequence, we are not creating jobs at the same pace that we need to.

History, Jobs, Right, Technology, Thinking

Technology has made it easier for different firms to coordinate their activities with one another, and they don't have to be part of one company. They can get the benefits of scale without the inertia of scale.

Activities, Benefits, Different, Easier, Firms, Technology

Now comes the second machine age. Computers and other digital advances are doing for mental power-the ability to use our brains to understand and shape our environments-what the steam engine and its descendants did for muscle power.

Ability, Advances, Age, Brain, Digital, Steam

The kind of job where you come in and work 9 to 5, and where someone tells you what to do all day is becoming scarcer and scarcer.

Becoming, Job, Jobs, Tells, Where You Come, Work

Computers get better faster than anything else ever. A child's PlayStation today is more powerful than a military supercomputer from 1996.

Children, Military, Playstation, Powerful, Supercomputer

The economy in the next 20 to 25 years is going to change more than they did in the last 20, 25 years. And that's because exponential trends are affecting a bigger and bigger share of the economy. So we have some huge disruptions in store, and I can't predict exactly what the innovations are going to be. If I did, I would have already invented them. But I think they'll be comparable to the innovations we saw in the past 20, 25 years if not greater.

Exactly, Innovation, Innovations, Past, Share, Thinking