Caroline Paunov, OECD
Department seminar. Caroline Paunov is Senior Economist and Head of Secretariat for the OECD Working Party on Innovation and Technology Policy (TIP) at the Directorate for Science, Technology, and Innovation of the OECD. She will present a paper entitled "The economic impact of the digital transformation".
Most innovations today are new products and processes made possible by digital technologies or embodied in data and software. The “fluidity” of data - the fact that it is reusable, reproducible and scalable at no cost - also characterises digital innovation, as opposed to tangible innovation. This results in new dynamics, with data as core inputs to research and innovation, more service innovation and the blurring of boundaries between services and manufacturing (servitisation) and greater speed and collaboration in innovation. The broader economic dynamics are consequently affected by new phenomena such as “scale without mass”, platforms, and market structures characterised by higher market concentration and more risk. The presentation will explore in particular the relationship between changing market dynamics and top executive pay.
Host: Inga Heiland