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Software Update


by the new generation of young people interested in coming to manufacturing. As a member of Generation X, I am in a minor- ity among my peers working in manufacturing. I was very happy to see the next gen engaged and excited to consider a career in manufacturing. It bodes well for the future well beyond 2015. Hopefully, the Okuma App Store adds to that appeal. ME


Software’s Wide-Ranging Impact on GDP, Productivity and Jobs


A


new study by the Software & Information Industry As- sociation (SIIA; Washington, DC) shows that the US software industry has had a dramatic and highly positive effect on the country’s economic growth, trade and jobs. The report, released on Sept. 17, “The U.S. Software Industry: An En- gine for Economic Growth and Employment,” was produced by the SIIA along with an independent analysis firm Sonecon LLC (Washington, DC) and its chairman and co-founder,


Robert Shapiro, former undersecretary of commerce for economic affairs under President Bill Clinton. A tremendous shift has taken place in the past 20 years, the report concludes, in which software has become a vital enabling technology used in virtually every economic sector and industry. Software contributes an increasing amount to GDP, the report noted, stating that from 1997 to 2012, the US software industry production increased from $149 billion to $425 billion, increasing its direct share of US GDP from 1.7 to 2.6%. During that same period, the industry experienced an annual average growth rate of 7.2%, two-thirds faster than the overall economy. The study also examines how software is increasingly driv- ing overall economic productivity, noting that it accounted for 12.1% of all US labor productivity gains from 1995 to 2004, and 15.4% from 2004 to 2012. “The central role of software in business operations is clear, but the role it plays in driv- ing the American economy has not been well understood until now,” said Mark MacCarthy, SIIA vice president, Public


The All-New 7.10.7 SF CMM USER DEFINED WITH


THE SHOP FLOOR IN MIND


Designed fi rst and foremost for shop fl oor users, the 7.10.7 SF excels in harsh manufacturing environments and introduces a variety of advancements focused on usability and enhanced productivity.


Learn more about the 7.10.7 SF’s groundbreaking user experience features at www.HexMet.us/me7107sf or call 855.443.9638 for more information.


34 ManufacturingEngineeringMedia.com | November 2014


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