Information Technology & Innovation Foundation

Technological innovation, particularly in information technology, is at the heart of America’s growing economic prosperity. Crafting effective policies that boost innovation and encourage the widespread “digitization” of the economy is critical to ensuring robust economic growth and an improved standard of living. However, as in any new and changing situation, policymakers have varied awareness of what is needed and what will work. In some cases, legislators have responded to new and complex technology policy issues with solutions more suited for the old economy. And as the innovation economy has become increasingly important, opposition to it from special interests has grown. Finally, the excitement that the press, pundits and decision makers showed toward the information technology (IT) revolution in the 1990s has all too often been replaced with an attitude of “IT doesn’t matter.” It’s time to set the record straight that IT is still the key driver of productivity and innovation.