That means each new worker is most likely not just less skilled but also has less capital to work with, less help from machinery or software to increase output and generate income.
Rather as conventions in the game of bridge let partners use bids to convey information about their hands, protocols tell the designer of a piece of machinery or software how to format information coming from or going to the outside world.Protocols are dull, unremarkable things when written down on paper like recipes or magic spells.
Rockwell Automation's machinery, computer software and know-how form the guts of assembly lines in a wide array of industries.
Advocates of the provision say it would encourage companies to buy new computers and telecommunications equipment, build new factories and invest in cost-saving machinery and software.
The expectation of Kathleen Cooper, the Commerce Department's undersecretary for economic affairs, is that profits will revive, encouraging business to step up investment in machinery and software, lifting growth.
This is the investment in machinery, computers, software, factories, desks -- all the tools used to produce the goods and services that consumers then buy.
— Nicole Perlroth Hands On With Pebble Smartwatch Wired.com | An in-depth look at the machinery and software under the hood of the Pebble smartwatch.
The stories home in on five sectors—health care, machinery, semiconductors, software and internet groups and sift the winners from the losers.
The slowdown that started in last year's third quarter came mainly as a result of a rapid cutback in business investment in machinery, computers, software, buildings and the other tools used to produce goods and services.
Sales have fallen as companies drastically cut their spending on new buildings, machinery and software, after deciding that they had been overly optimistic in 1999 and early in 2000.
In the short run, he said, adopting new technology can disrupt businesses as they learn how to use new machinery and software, with the full benefits only visible after a few years.
