Monday, September 13, 2010

Concept - Increasing Returns

In knowledge management the concept of increasing returns basically means: The more Information Technology you have, the greater the benefits (return) will be. In diminishing return, a concept often found in economics, economies of scale will occur. These economies of scale are the exact opposite of increasing returns. When you have economies of scale, you get less as production increases. (Production will level off at a certain point.)

I think the concept of IR, when applied to Information Technology, is very interesting. In a way, it goes along with the concept of Moore's Law. The better knowledge management systems we have, including in numbers, the greater the amount of knowledge that can be shared.

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