Underestimation of information costs: causes and consequences
Submitted by Гость (not verified) on Tue, 07/09/2024 - 16:45The article summarizes the experience gained in empirical research and theoretical analysis of information costs conducted by the author. The main conclusion is that information costs are systematically underestimated. That is why the high national economic efficiency of digitalization projects often turns out to be illusory. In support of the conclusion, it substantiates the regularity of the increase in per-unit direct information costs as the volume of data collected by an economic entity grows and explains why microprocessor technologies cannot reverse this trend.